Turo rental

How it works, what's covered, and why I think Turo is a great car-rental agency alternative.

In the summer of , with travel beginning to return but many car rental companies having sold off their fleet, rental prices from traditional rental agencies like Hertz, Sixt, Enterprise, etc skyrocketed. Often this means you can save money compared to a traditional car rental agency, or have access to different types of cars than you would otherwise. To find a car to rent on Turo, all you need to do is put in your destination and preferred rental dates. The Turo platform will then show you cars available for those dates and the daily price for each vehicle. Once you find a car you like at a price that matches your budget, you can click in to learn more about the vehicle and see additional car features, ratings, and reviews. You can then book the vehicle you want, adding on insurance if needed or wanted. There is also a trip fee a percentage calculated by Turo and collected by the company for each rental and sales tax added to the final price you pay.

Turo rental

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. Given high rental car prices and often limited rental car availability, alternative rental car services like Turo can be a lifesaver. After all, skyrocketing rental car prices became one of the biggest pandemic-era travel stories as they hit record highs in July Turo is a peer-to-peer car sharing platform that allows car owners to rent out their own cars to regular people. Consider it a sort of Airbnb for cars. Peer-to-peer car sharing platforms, meanwhile, have continued to grow in popularity. Here are some of the times you might consider booking with Turo, and what to look out for. Traditional car rental prices are especially high compared to pre-pandemic times, but Turo prices are more variable. Sometimes they can be cheaper than traditional rental cars because car owners set the prices. A car owner who now works from home and has minimal need for a car during the week might be inclined to make it available on Turo at a low price to make some extra cash or even to get some value out of a car that's otherwise sitting idle. Many owners offer discounts for longer trips, and some offer discounts to guests who book at least a week in advance.

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If you've ever imagined yourself cruising down the Pacific Coast Highway in a convertible Ferrari with the top down, there's an app for that. Turo allows people to rent out their cars to customers for a daily rate. Renters range from families looking for inexpensive SUVs for road trips to vacationers who want to pull up to their hotels in luxurious sports cars. Some hosts rent as a side hustle to earn passive income , while others operate full-time businesses. While many Turo hosts find business opportunities, there can also be downsides to renting out your car to strangers.

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. Given high rental car prices and often limited rental car availability, alternative rental car services like Turo can be a lifesaver. After all, skyrocketing rental car prices became one of the biggest pandemic-era travel stories as they hit record highs in July Turo is a peer-to-peer car sharing platform that allows car owners to rent out their own cars to regular people.

Turo rental

Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first filed an S-1 to go public in early , later updating the document quarterly in preparation for an eventual offering. TechCrunch covers its regular financial disclosures as they provide insight into when a deeply funded startup with a historical billion-dollar valuation will decide to finally pull the trigger and list its shares publicly. The company has put the capital to good use, posting quick revenue growth since , positive operating income since and net profit since Just ask Reddit, which has been trying to go public for years before filing this year , and the army of billion-dollar-plus startups jammed up at the exits of the private markets. TechCrunch calculates that its Q3 to Q3 growth rate was While both figures are under its full-year growth rate, seeing its revenue growth perk up even slightly in the fourth quarter could help it argue to public-market investors that its deceleration is not necessarily irreversible. Its gross margins devolved slightly last year, falling from Non-adjusted profits at tech companies approaching the public markets are rare enough to make Turo stand out from the pack, though how much value potential public shareholders will afford its profitability in light of its slowing growth is an open question. So, why not go public now?

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Dec 21, 7 min read. I personally tend toward being budget conscious, so I always check car rental prices via an OTA like Kayak, then check Turo directly on Turo. Email address. Profits vary based on your area and clientele. Use limited data to select advertising. The Columbian. Categories : Transport companies established in Carsharing Peer-to-peer Online marketplaces of the United States American companies established in establishments in Massachusetts Companies based in Boston. Turo has a Help Center that includes an automated chat service when you need to contact them. The following data may be collected and linked to your identity:. Read next.

How it works, what's covered, and why I think Turo is a great car-rental agency alternative.

The larger you scale your Turo operation, the more work it requires to maintain, clean, and track the vehicles — and communicate with renters. Turo is available pretty much nationwide in the United States, and that means you can rent a Turo in almost every major city. Valerie Stimac Freelance Writer. Those who choose to decline a protection plan are responsible for any damage, liability, and claims that could come from their trip. If it's not an amazing deal, we won't send it. Maybe you have a spare vehicle that is currently sitting, unloved, in your driveway, and quietly depreciating while doing nothing for you. App Store Preview. May Social peer-to-peer processes Peer-to-peer banking Peer-to-peer carsharing Peer-to-peer lending Peer-to-peer ridesharing. Refunds are issued immediately, though it can take three to five business days to receive the money.