Turo
Popular
Description
Turo is the peer-to-peer car rental marketplace often described as the Airbnb for cars. You list your personal vehicle when it’s not in use, set your daily rate, and renters book through the app. Turo provides insurance coverage and handles all payment processing. The average Turo host earns around $545 per month from a single vehicle, but hosts in high-demand cities or with popular vehicles like Teslas and SUVs can earn significantly more. You keep 65% to 90% of each rental, depending on the protection plan you choose, with higher-earning plans offering less damage coverage in exchange for more take-home pay.
Pay
Average host earns $545 per month per vehicle. Daily rental rates average $30 to $50 for economy cars and $100 to $300+ per day for luxury or specialty vehicles. You keep 65% to 90% of each rental fee.
How You Make Money
You list your car, guests request bookings, you approve or auto-accept them, hand off the keys, and Turo pays you via PayPal or bank transfer within 72 hours of trip completion.
Payment Method
PayPal (international), ACH bank transfer (US)
Minimum Payment
No minimum, paid per trip
Withdrawal Speed
Within 72 hours after trip completion for first trip, subsequent trips faster Skill Level Needed: Beginner
Skill Level
Beginner
Pros
Genuinely passive income from an asset you already own and might not use every day
Turo provides $750,000 to $1 million in liability coverage on every rental
Automatic pricing feature adjusts your rate based on demand, events, and local competition
Popular vehicles in tourist areas or near airports can earn $1,000 to $3,000+ per month
You control availability, rates, and acceptance so your personal use of the car is never compromised
Turo provides $750,000 to $1 million in liability coverage on every rental
Automatic pricing feature adjusts your rate based on demand, events, and local competition
Popular vehicles in tourist areas or near airports can earn $1,000 to $3,000+ per month
You control availability, rates, and acceptance so your personal use of the car is never compromised
Cons
Turo takes 10% to 35% of rental revenue depending on your protection plan choice
Car wear and tear accelerates with regular rentals, increasing maintenance costs
Your personal auto insurance may not cover commercial rental use, requiring additional coverage review
Renters occasionally return cars dirty, late, or with minor damage which adds friction
Car wear and tear accelerates with regular rentals, increasing maintenance costs
Your personal auto insurance may not cover commercial rental use, requiring additional coverage review
Renters occasionally return cars dirty, late, or with minor damage which adds friction
Best For
Car owners with a second vehicle or a car that sits unused for significant periods who want passive income from an asset they already own
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