Is Turo Profitable In 2024?

What Is Turo?

Turo, formerly known as RelayRides, is a car-sharing platform that was founded in June 2010 by Shelby Clark.

How Much Can You Make On Turo?

Most hosts on Turo make between $500 to $1000 per month on Turo.

How Much Does Turo Charge From Hosts?

Turo deducts 10% to 40% from the money earned from each trip based on the type of plan you choose.

Cost Of Renting With Turo

The make, model, year of car, etc., reflect the price of the vehicle. As a renter, you can expect to pay $60 and $150 per day for a mediocre car.

Pros Of Using Turo

– High-profit potential – Rent multiple cars – Speedy sign-up process – Flexibility

Cons Of Using Turo

– Low insurance coverage – Car trust issues – Need to clean & refuel

Is Turo Safe?

Turo bears risk but is relatively safe. This is becuase if offers help for both renter and host in case of trouble.

Is Turo A Profitable Business?

Even though Turo charges 10% – 40% of the fee per trip, it is still profitable.