![]() ![]() Given that, I want to share a few of the tips and tricks I’ve learned on my car sharing journey on how I have been able to reduce costs and earn more money sharing my cars. ![]() Since my last post, I have expanded my fleet from 6 cars to 21 cars. but the rental car company closes at 8.Hello guys, it’s been a while. That’s annoying if your flight lands at 9 p.m. When renting from many rental car companies, you’re tied to their operating hours. Availability is largely contingent upon whether a host is willing to post their car for rent. And within each state, Turo is still expanding. While it’s now available in all 50 states, it wasn’t until June 2022 that Turo launched in New York state. You might find one in a location far more convenient than the nearest traditional rental car.īut Turo isn’t available in every city. ![]() The map’s purple dots indicate available vehicles. But with Turo, you could very well find a car available from the home next door. Traditional rental car companies typically operate in places with a lot of tourists, such as airports, downtowns and hotels. What’s unique about Turo is the range of places you’ll find the vehicles. Turo operates in the U.S., Australia, the U.K. If Turo is more convenient to your destination That’s convenient because if your travel plans change and you can no longer rent the car, you likely won’t be on the hook for a rental car reservation you didn’t show up for (though some do charge a no-show fee). In contrast, most rental car companies allow payment at the counter. While Turo’s cancellation policy is relatively generous, you still must pay upfront. Trips canceled within 24 hours of the start time are typically entitled to a partial refund. Turo has a generous cancellation policy, allowing you to cancel free of charge up to 24 hours before the trip starts. If you can pay for your rental car upfront Many credit card car rental insurance benefits specifically exclude coverage for peer-to-peer car rental companies, such as Turo. However, when renting on Turo, don’t assume your personal auto insurance policy or credit card coverage works in the same way it applies to traditional rental cars. It’s pretty easy to compare and add plans at checkout. Depending on the level of add-on insurance from Turo selected, prices in the U.S. Turo offers three optional protection plans at an additional cost, each with increasingly more insurance coverage: a minimum, standard and premier plan. If you don't rely on car rental coverage through a credit card If Turo sides with the host, you’ll owe $150 for the cleaning violation plus a 3% processing fee. If you return a car in a condition that violates Turo’s cleaning and disinfection policy, the host can report the issue to the company. Hosts can send renters a reimbursement invoice for fuel replacement, distance overages, tickets and tolls, if applicable. You may also owe other fees including airport fees, pickup or return fees, and optional extras like unlimited mileage (many rentals have a mileage cap).Īnd the fees might not end there, adding to why Turo could be wrong for folks anxious about potentially unknown costs. Folks under 24 owe a young driver fee (a minimum of $50 per day if under 21 or $30 per day if under 25 in the U.S.). Fees vary, but in the U.S., trip fees range from 2.5% to 100% of the overall price. Turo adds a trip fee at checkout that goes to Turo (not the owner). Here are some examples of Turo fees you may be on the hook for before checking out: You might include extras such as a pet fee ($40), child safety seat ($35), unlimited mileage ($80) or prepaid refuel ($75). Then, Turo adds standard protection for $12 by default (though you can decline damage protection). In this example, there’s a mandatory $15 trip fee. The total cost to rent on Turo might balloon once extra fees kick in.Ī 10-hour rental advertised at $30 per day can easily become twice that. Many owners offer discounts for longer trips, and some offer discounts to guests who book at least a week in advance. ![]() Sometimes they can be cheaper than traditional rental cars because car owners set the prices. Traditional car rental prices are especially high compared to pre-pandemic times, but Turo prices are more variable. Here are some of the times you might consider booking with Turo, and what to look out for. The global car sharing market surpassed $2 billion in value in 2020 and is expected to grow 20% annually from 2021 to 2027, acccording to July 2021 data from market researcher Global Market Insights.īut while Turo can provide an excellent rental car alternative, it’s not necessarily better. Peer-to-peer car sharing platforms, meanwhile, have continued to grow in popularity. Bureau of Labor Statistics, January 2023 car rental prices were up 36% versus January 2020, the last comparable month before COVID lockdowns in the U.S. The story of rental cars experiencing massive price increases since the pandemic continues. ![]()
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