How much of a cut does Turo take?
How much of a cut does Turo take? While Turo does take 15% to 40% of the rental cost, that cut covers insurance for your vehicle and advertising on the site, which gets you customers. Is my car eligible for Turo? To list your car for rental, your vehicle’s model year must be within the past 12 years. Plus, the car should have fewer than 130,000 miles.
How old can your car be for Turo?
Turo uses an exclusivity policy when listing vehicles in the United States. Do not list your vehicle for rent that you list on any other car sharing platform. You can’t list a vehicle older than 12 years. The vehicle can’t have any major damage that would impact the safety of the vehicle or its passengers.
Is renting out your car a good idea?
Renting out your car is not only a good way to offset the cost of owning a car or start you own business, it actually helps out people in your community who can then avoid the need to buy a car. The benefits can be almost ten-fold, with many sources saying that the average share car can take 5-10 cars off the road.
Is rental car business profitable?
The profit margins are about 6% for most car rental businesses, but if you find the right location and negotiate well with fleet insurance companies and credit card processing services then your profit margin can be much higher (similar to how Uber works).
