TURO

Rent Your Car Out For Money On TURO
(In America In 2018)

By Michael Wong | October 15, 2018.

Turo screenshot
DISCLOSURE
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3. Turo (http://c1ick.me/turo):

  • Rent your car or electric vehicle out for money on the Turo peer-to-peer car sharing marketplace.
  • Benefits:
    • List your car for free.
    • Free professional photography.
    • Automatic Pricing adjusts your daily prices automatically, based on a powerful algorithm that incorporates seasonality, demand, geography, and car type, to maximize your earnings:
      • you may set the minimum daily price.
      • you may view your Automatic prices on the calendar for the upcoming four months.
      • if you turn off Automatic Pricing, you will need to set your own daily price, duration discounts, and prices on specific days.
    • Earn 65%, 75% (default), or 85% of the rental fee, delivery fee (optional service), and additional mileage charges, depending on the protection plan selected.
    • Earn 90% of the rental fee, if you have commercial rental insurance to cover you, your car, and your customers, and waive Turo's vehicle protection plans.
    • Earn more by offering a "custom delivery" and/or "airport delivery" service (drop-off and pickup)
    • $500 bonus if you list your Tesla Model 3.
    • Earnings paid weekly by direct deposit to your bank account.
    • Insurance from Turo (during rentals):
      • $1 million liability insurance coverage for bodily injury and property damage to third parties.
      • $125,000 physical damage protection.
      • owner deductible for physical damage to owner's car - $0, or up to $3,000 (Turo pays 20% up to first $3,750 of damage and 100% after that, up to $125,000)
      • Replacement vehicle during repair period.
      • Exterior wear and tear coverage.
      • Loss of rental income coverage.
    • Guests are responsible for refueling or recharging electric vehicles before return.
    • No smoking policy.
    • Pets are not allowed without your explicit consent.
    • If a renter is charged a cleaning, pet, or smoking fee, of up to $250, you receive 100% (minus a $25 admin fee)
    • 24/7 phone support and roadside assistance.
    • Deals and discounts on auto maintenance from Jiffy Lube, Meineke, and YourMechanic - free safety inspection by a certified mechanic for members in the Los Angeles metro area.
    • Online community.
    • Online video tutorials.
  • Turo Valet:
    • Drop your car off at a Turo Valet lot, or authorized partner lot, within 24 hours of the start of the trip, and they will handle the key handoff with your guest.
    • Turo Valet lots available at LAX and SFO.
    • Open 6 a.m. to 10 p.m., every day.
    • 24-hours to pick up your car from the Turo lot.
    • You may leave your car at the Turo lot for 48 hours between reservations.
    • Turo Valet fees:
      • $25 for both guest pickup and drop off.
      • $15 for guest pickup or drop off.
      • Parking:
        • LAX: $10 per day.
        • SFO: $15 per day.
      • Car wash:
        • Sedans: $25.
        • SUVs, trucks, vans: $50.
      • Fuel-up: cost of fuel + $5 admin fee.
    • Door-to-door vehicle delivery available.
  • Renter screening:
    • Aged 21+, or if under 25, at least two years of driving history.
    • Driver's license information.
    • Payment card information.
    • Possess a mobile phone in their name that can be verified through text message.
    • Meet Turo's auto insurance score criteria.
    • Registered Turo user (credit report and criminal background check)
    • International drivers may have to provide additional information, such as their passport.
    • Renter's auto insurance score must meet Turo's minimum eligibility criterion.
    • You decide whether to confirm or decline a rental.
  • Vehicle requirements:
    • Cars and electric vehicles only - no vans, box trucks, limousines, recreational vehicles, etc.
    • 12 years old maximum.
    • 130,000 miles maximum.
    • Clean (not branded or salvage) title.
    • Never been declared a total loss.
    • Fair market value of up to $150,000.
    • Specialty/classic cars accepted, as long as the vehicle meets Turo's specialty car requirements:
      • Must be older than model year 1990.
      • Market value of up to $85,000.
      • Excellent mechanical and physical condition.
      • All seat belts in safe, working condition.
      • Subject to additional review.
  • Mobile app ratings:
    • Android: 4.4 (11,000+ reviews / 1 million+ downloads)
    • iOS: 4.4 (2,900+ ratings)
  • Stats:
    • 2 million+ owners and renters.
    • Turo is active in 2,100+ cities and 300+ airports across the United States.
  • Funding: $182.4 million (http://c1ick.us/turo-crb)
  • Employees: 51+ (est. 2009) (http://c1ick.us/turo-lkd)
  • Minimum age: 21+
  • Countries: USA (except New York), Canada, Germany, UK.
  • Free to join: Yes

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