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Car ownership can be costly but it doesn’t have to be. You can make money with your car driving others or delivering items. Or you can rent your car to travelers when you’re not using it.
Turo is a car sharing marketplace where travelers can rent any car they want from a community of local car owners. With Turo, car owners can make money from their cars. It was founded in 2009 and headquartered in San Francisco.
With Turo, all travelers renting vehicles are screened before being allowed to rent in the marketplace. And car owners are given 24/7 emergency line access to tips and tricks to earn more with your car.
There are no costs to list your car on Turo with no monthly fees and no buy-in.
It’s quite simple to list your car on Turo. It starts with opening an account and describing your car and uploading images. You can decide how much to charge, but Turo will offer suggestions for pricing. It’s important to set your calendar availability to start getting requests.
“Turo will dynamically set your car’s rental price based on market value, location, time of year, and other data sets to maximize your income and boost your listing’s competitiveness. If you prefer, you can manually set your own daily price.*”
“Turo will pay you via direct deposit within five days. You’ll earn 65% to 85% of the trip price, depending on the vehicle protection package you choose. If you have commercial rental insurance to cover you, your car, and your customers and would like to waive vehicle protection provided via Turo, you earn 90% of the trip price.*”
Damage to your car is a possibility whether you’re driving it or someone else. Turo offers car owners $1 million in liability insurance coverage against theft and physical damage.