Do you have questions about Turo that need answered?
I’ve compiled the 10 most frequently asked questions about Turo. For each question, there’s a detailed answer which should give you the information you need to move forward.
Don’t forget, if there’s questions that have NOT been answered yet, please leave a comment and I’ll be glad to research the answer!
How Does Turo Work?
Turo is a groundbreaking service that is unlike any other car rental company. Although I wrote a detailed Turo review which explains how Turo works, I’ll give you a short and to the point answer here.
Turo is a peer-to-peer car sharing company which works on TWO sides. There’s the host who rents his or her vehicle to the public, and there’s an individual who rents the vehicle.
The company connects both parties and creates a unique experience. Instead of dealing with a giant corporation, you’ll only be dealing with a single person (the host).
As a host, you’ll be dealing with one person at a time. This makes the whole process, more personal.
What is the Turo App?
This app lets you do EVERYTHING (with the exception of checking your earnings). When it comes to getting information as a host, you’ll nee to use the desktop application for that.
How Much Can You Make with Turo?
For hosts, making money with Turo can be a GREAT opportunity. Although each year the competition is getting larger, the demand is rising at the same rate (if not faster).
Making money depends on the vehicle you rent out, how often, and if there’s any extra “add-on’s” at checkout (such as unlimited mileage, pre-cleaning, etc..).
From my experience, I rented out a 2010 Toyota Prius in the Phoenix area. It was being rented for around $30 per day (after Turo takes their cut, which is 25%). At the end of the month, the Prius generates just under $450 for 15 days of being out.
This covered the car payment (of $250 per month), and paid a little for the taxes owed.
Another car which I rented was a BMW M6 (2006 model). It generated over $500 for a little over a week of being out. This was enough to cover the car payment, but not much more.
There’s hundreds of hosts renting their vehicles and making more than $10,000 per month. This is where it becomes less of a “side hustle” and more of a “full-on rental fleet”.
*You can check out Turo’s earnings calculator here.
Age Requirements to Rent Through Turo?
Renting a vehicle on Turo requires you to be at least 21 years of age. You must hold a drivers license for at least one year and for specialty vehicles, there’s more requirements.
For those who want to rent “premium” vehicles like a Tesla Model S, Tesla Model X, or anything that costs at least $40K USD, you need to be at least 25 years of age.
For the VERY special vehicles, like Lamborghini, Ferrari, Porsche and some others, you need to be at least 30.
When Turo was first starting out, 30 years of age was required for most premium vehicles. Today, 30 years of age is a rare requirement. For anyone 25-29, renting a premium vehicle is possible as long as you place a $1,000-$1,500 security deposit (refundable).
How To Sign Up for Turo?
Signing up on Turo is quite easy. Navigate to the website and click on the “Sign up” button in the navigation bar.
Once you do that, you’ll have the option of signing up through Facebook, Google, or with an email. Using Facebook and Google would be the fastest way (assuming you already have created accounts on those platforms).
With an email address, you need to fill out your first and last name, email, password, and then click Sign up.
From there, follow instructions by uploading your drivers license and filling out information. They will run a background check on you and your driving record.
After that clears, you’ll be ready to rent on Turo!
What Kind of Cars are on Turo?
Turo has a large selection of vehicles. While most of them are the budget friendly economy cars, there’s plenty of premium vehicle from $75-$200 USD.
You can find sports cars, fuel efficient hybrids, electric cars, trucks, vans, mini-vans, and even ultra luxury cars (Rolls Royce).
How to Get Approved to Rent and Drive on Turo?
Getting approved to rent a vehicle on Turo is quite easy. You’ll need to navigate to Turo.com and click on the “List your car” tab in the navigation bar. From there, you click on “List your car” again.
Assuming you’ve already signed up, follow the remaining instruction with information such as:
- Vehicle registration
- Insurance card
- Your drivers license
- Photos of your vehicle
After they go through the vetting process, you’ll be ready to rent your vehicle!
How To Become an All-Star Host on Turo?
When you become a host on Turo, there comes a time when you reach all requirements and become an All-Star Host. This means you as the Turo host have:
- Completed 10+ trips in the past year
- Cancel less than 5% of the booked trips
- Respond to 95%+ of your requests on Turo
- Have at least 90% five-star ratings
- Accept at least 90% of trips on Turo
You can achieve all those requirements with only one car. Once you do, being an All-Star Host means you can:
- Gain More Visibility
- Get Priority Turo Support
- Earn $100 Travel Credits Each Year
- Get Extra Bookings via Turo Recommendation
What Car Should You Buy for Turo?
There’s not a single car that is perfect for Turo. Instead, the right kind of car has to meet these requirements:
#1. Does it fit your local market?
#2. Does it fit into your budget?
If you live in an area where according to Turo, the category of vehicle you want to rent out is barely getting booked trips, odds are… you’ll experience the same.
In a place like Tucson Arizona, there’s a market for economy cars, but for luxury or even sports cars, the market isn’t quite there.
You could gamble and out-market the competition (of there is any) to steal all possible demand… but there’s no guarantee there.
Lastly, don’t get into huge debt buying a vehicle you can hardly afford. Justifying that it will pay for itself when it gets rented out is a bad idea.
Get your toes wet, rent your own vehicle on the weekend. See where it goes!
Why is Turo Banned in New York?
Back in the day (2013), New York State Department of Financial Services issued a consumer alert. It warned that Turo (RelayRides at the time), was misrepresenting insurance coverage for users of its program. Due to this reason, the entire state demanded the company to suspend all operations in the state.
New York is the ONLY state in the union which does not allow Turo to operate to this day.
That's It... For Now, Conclusion?
There you have it, the top 10 frequently asked questions about Turo. I hope you found the answers useful.
If you did, please consider sharing this article with your friends. And again, if you want other questions answered about Turo that weren’t on here, leave a comment below. I’d be happy to search for the answer on your behalf = ).