RENT YOUR CAR Out For Money

By Michael Wong | January 3, 2022.

Disclosure

Some links are sponsored. We only list verified genuine companies we like.

3. Turo (Visit turo):

Rent your car or electric vehicle out for money on the verified genuine 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.

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:

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.

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: