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Turo Review 2022 – How Much Can You Make?

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Turo Review

turo logo

With Turo, you can rent out your vehicle and earn cash with minimal effort. Turo claims that you can make at least $10,000 per year if you rent out your car only 7 days in a month. Naturally, you can increase your earnings by renting out your car for more than 7 days and adding more cars to your listing.

Rating

4.3

Safe & Legit

Service Fees

Earning Potential

Payout Process

Pros

  • Can list multiple cars
  • Earn money with minimal effort
  • Easy-to-use app
  • Receive up to 90% of the trip price

Cons

  • Some car models are not accepted to list
  • Negative feedback on customer service

Jump to: Full Review

Compare to Other Sites to Rent Stuff

Neighbor

Neighbor logo

Rent garage, driveway, parking lot, basement, bedroom, shed or carport

No listing fees + guaranteed payment monthly even if a renter doesn’t pay

Free coverage for everyone— $1,000,000 for host and $25,000 for renters

FriendWithA

FriendWithA logo

Earn money by renting out your gear with relatively low rental fees – 10%

Average monthly pay – $95 for bike, $145 for camera, $150 for guitar

Personal liability guarantee up to $100,000 and $125,000 property coverage

Air Bnb

Air Bnb logo

Earn approximately $924 per month hosting one of the 30+ million users

Low booking fees – a flat 3% per reservation + free $1M liability insurance

Option to set your prices + get paid quickly by PayPal, Direct Deposit

How Does Turo Work?


how does turo work

Cars are among the things you can rent out for cash and Turo is a great platform to do that. It’s an online carsharing marketplace for people looking to rent vehicles. 

How Turo works for customers is pretty straightforward. They can use the platform to search for available cars near them by entering their location and date. Then, customers can book the trip, get the keys, and use the car. 

Once your account is approved, you can finally list your car on Turo and have people rent it. There are some guidelines you need to follow when adding photos of your car to the listing. Additionally, you’ll need to set the pricing and availability of your vehicle. 

When a customer wants to book your vehicle for a trip, you’ll receive a notification to accept or decline it. There’s also another feature that you can set to accept bookings automatically.

Then, you can meet the customer in person, verify their license, document your vehicle’s condition, and hand over the keys. After the first trip ends, you’ll receive a payment within 72 hours. As for the succeeding trips, Turo sends payment within 3 hours. 

How Much Can You Earn With Turo?


According to its website, Turo estimates that you can earn around $10,516 annually when you list one car and rent it for at least 7 days per month. Other costs such as maintenance, cleaning, and insurance are already considered.

Pro tip: To maximize your earnings as a car host at Turo, list more vehicles and check the ones that perform well. The platform also offers free tools for car hosts, allowing you to manage your listings. 

If there are cars in your fleet that are noticeably underperforming, replacing them can get your earnings back on momentum. 

Finally, keep in mind that you don’t need to do all the managing yourself. Turo allows car hosts to hire custodians to manage trips for them. 

Who Is Turo Best for?


Turo is an ideal platform for people looking to rent things, such as cars, for some cash.

What Can You Rent With Turo?


You can rent passenger vehicles with Turo as long as these meet the eligibility requirements, such as:

  • Registered in any estate except New York
  • Not more than 12 years old, and 25 years old for classic or specialty cars
  • Has never been declared a total loss
  • With a fair market value of $200,000 at most
  • Has less than 130,000 miles
  • Has a clean title

On the other hand, these are some of the vehicles that are NOT accepted on the platform:

  • Farm and construction equipment
  • Limousines
  • Motorcycles
  • Passenger vans with at least eight seats
  • Recreational vehicles
  • Box trucks
  • Off-road vehicles

Turo Benefits: What Does Turo Offer?


what are turo main benefits

Insurance

You can rent your stuff online for cash but know that doing this involves some risks. It’s why Turo provides liability insurance worth $750,000 to their car hosts through Travelers. 

There are also protection plans you can choose from, letting you get reimbursements for physical damages and theft. 

24/7 Customer Support

Turo provides 24/7 customer support to both car hosts and customers. It also has roadside assistance for your customers. If you’re looking to expand your rental business, Turo also provides one-to-one business coaching. 

Customer Base

One of the best perks of signing up with Turo is its customer base. You’ll have access to over 14 million customers around the world. Turo also conducts customer prescreening, as well as marketing and advertising. 

You only have to list your car and let customers come to you. 

The Turo App

You can download the Turo app from the Google Play Store or Apple App Store and install it on your smartphone. Some of the things you can do on this app are accepted and manage your bookings, set pricing, and communicate with customers. 

Turo Fees: How Much Does It Cost to Use Turo?


Downloading the app and signing up with Turo is completely free. There’s also no charge when you list your vehicle on Turo. 

However, you’ll need to choose a Vehicle Protection Plan, which provides additional benefits to car owners. In exchange, your Take rate, or your earnings percentage, goes down below 100%, and you’ll need to shoulder the deductible when claiming. 

To give you an idea, here’s a table of the Vehicle Protection Plan, the Take rate for each, and how much you’ll pay for the deductible when you claim for physical damage:

Vehicle Protection PlanYour Take from the Trip PriceDeductible
60 Plan60%None
75 Plan75%$250
80 Plan80%$750
85 Plan85%$1,625
90 Plan90%$2,500

Turo Requirements


To get started with Turo, you’ll need to sign up using an email account or any of the following accounts:

  • Google
  • Apple
  • Facebook

Turo will ask and verify the following before they can approve your account:

  • Phone number, email, and home address
  • Driver’s license and expiration date
  • Recent photo

Turo Payout Terms and Options


getting paid with turo

Turo sends out payments through bank deposits. You’ll need to add your bank account through Stripe to receive your earnings. 

As for the payout schedule, Turo will send the payment to your first completed booking three days after the trip ends. After that, all succeeding payments will be sent to your account within 3 hours after the trip ends. 

In case of trips that take several days to complete, Turo makes weekly partial payments, particularly every 7 days until the trip ends. Note that while Turo sends out payments within hours, your bank may process payments within 3 to 5 business days.

Turo Reviews: Is Turo Legit?


If you’re looking for platforms to rent items online, Turo is surely one of your best choices. As it conducts pre-screening for all customers before they can book cars, you’ll be safe to list your vehicle here.

Review SiteReview Score
Google Play Store4.9
Apple App Store4.8
Trustpilot4.6

In addition, the platform received positive reviews and impressive ratings at customer review sites. On Trustpilot, Turo has a 4.6 rating and the positive reviews here show the platform has helped people get easy access to car rentals. 

The hosts, additionally, found that Turo has provided them with an excellent means to earn money. In contrast, some hosts were not happy with how Turo responded to their issues.

What Are the Turo Pros & Cons?


what are turo pros and cons

Turo Pros

  • Can list multiple cars
  • Earn money with minimal effort 
  • Easy-to-use app
  • Receive up to 90% of the trip price

Turo Cons

  • Some car models are not accepted to list
  • Negative feedback on customer service

How Good Is Turo Support?


Turo offers 24/7 support through its website and app. Just click on the Contact Us icon and choose Host. From there, you’ll need to provide details about your concern and your email so Turo can reply to you. 

Besides talking to their customer support team, you can check out other Turo Host tools available on the platform. There are some articles about taking photos of your car. So it will look good on the listing. Also, you can find tips about cleaning your car. 

Finally, Turo hosts have access to deals and discounts for their vehicle inspection, maintenance, and cleaning.  

Turo Review Verdict: Is Turo Worth It?


With Turo, you can rent out your vehicle and earn cash with minimal effort. Turo claims that you can make at least $10,000 per year if you rent out your car only 7 days in a month. Naturally, you can increase your earnings by renting out your car for more than 7 days and adding more cars to your listing.

What’s also good about this platform is that you can easily manage your bookings through the app, that’s available for iPhone and Android smartphones. That also affords you the convenience to do other things while you manage your car rental business. 

Although there are no upfront fees to consider, Turo offers protection plans that take some percentage off your potential earnings.

How to Sign Up With Turo?


getting started turo

To sign up with Turo, you can start by going to their website and clicking on Sign Up. You’ll need to use an email, Google, Facebook, or Apple account. 

After that, you’ll also need to agree to the Terms of Service and ensure that your vehicle is not listed on other ridesharing platforms. Once done, you’ll get directed to the Turo dashboard where you can book or list a car.

Sites Like Turo


ComparisonTuroNeighborFriendWithAAirbnb
Earning potential$876 per month$100 – $600 per month$1,000 per month$2,500 per month
Service fees10% to 40%4.9% + $0.3010%0.03
Best forRenting carsRenting storage spaceRenting itemsVacation rentals

Turo vs. Neighbor


Neighbor Summary

  • Earn up to $600 per month renting a garage
  • 48 hours to screen potential renters
  • Get 1 payment at the end of each month
  • $1 million free coverage for hosts

Besides cars, among the things people rent are storage spaces. Neighbor is one of the alternatives to Turo as here you can rent out free spaces in your home for storing stuff. Quite similarly, you’ll need to list your space on the platform and have people book it. 

But if you’re looking to make quick cash, you might find Turo preferable with its payment schedule. With Neighbor, you only get paid at the end of each month. 

Turo vs. FriendWithA


FriendWithA Summary

  • Outstanding 24/7 customer service
  • $10,000 damage protection insurance
  • Relatively low fees of 10% per rental
  • Earn up to $1000 per month from rentals

There are many things you can rent out with FriendWithA, such as sports equipment and gear. Similar to Turo, this makes an excellent source of passive income as you don’t need to do anything else besides listing your rental stuff on the platform. 

But compared to vehicles you can rent out with Turo, items for rent at FriendWithA vary in demand. While you might get a good profit with some items, few people might rent out other stuff. 

Turo vs. Airbnb


Airbnb Summary

  • Over 150 million users worldwide
  • Earn an average of $924 per month
  • Rent out your property whenever you want
  • Quick turnaround time for payouts

Airbnb is a popular platform for vacation rentals and is quite related to Turo. These two can be your go-to platforms if your target market is tourists. You can rent out vehicles through your Turo account and get them to book your vacation home on Airbnb.  

Turo FAQ


What Is Turo?

what is turo

Founded in 2010 in Massachusetts, US, the platform aims to provide a better use for the 1.5 million cars in the world. 

As such, it allows individual car owners to make a profit by renting out their cars. There are over 85,000 vehicle owners and over 1.3 million active users on the platform. It has also been valued at over $1 billion.    

How much does Turo take from car owners?

Turo takes 10% to 40% of the trip price, while the rest goes to the car owner. 

Can a host extend a trip on Turo? 

Yes, you can extend a trip on your Turo app by choosing the booking and tapping on Modify trip button.  

Who pays for gas or electric charge on Turo?

Guests are responsible for returning the car with the same amount of electric charge or gas as when they picked it up. 

Can you talk to guests in Turo before accepting a booking?

Yes, you can talk to the guest through the built-in messaging feature when they send you a booking request and before accepting it.  

What city uses Turo the most?

Turo is widely popular in Los Angeles.

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