If you own a car you don’t use regularly, you might consider renting it out on Turo or Getaround. These peer-to-peer car-sharing platforms allow you to earn money by renting out your car to other people. However, before you list your car on these platforms, you may have questions about the process and the requirements. This article will answer some of the most common questions about listing your car on Turo and Getaround.
What is Turo and Getaround?
Turo and Getaround are two peer-to-peer car-sharing platforms allowing car owners to rent their cars to others. Turo was founded in 2009 and is based in San Francisco, California. Getaround was founded in 2009 and is based in San Francisco, California. Both platforms are available in many cities across the United States and other countries.
How do Turo and Getaround work?
Turo and Getaround work similarly. To list your car on either platform, you need to create an account, provide information about your car, upload photos, and set a price for the rental. Renters can search for cars in their area, book a car, and pay for the rental through the platform. Once the rental is completed, you receive payment from the platform, minus their commission.
Can I list my car on Turo and Getaround?
Yes, you can list your car on both Turo and Getaround, as long as your car meets the requirements. However, it’s worth noting that Turo and Getaround have different requirements and policies, so you need to check their websites carefully before listing your car.
What are the requirements to list my car on Turo and Getaround?
To list your car on Turo, you need to meet the following requirements:
- Your car must be a 2006 model or newer (some exceptions apply)
- Your car must have fewer than 130,000 miles
- Your car must be in good condition
- You must have a clean title (no salvage or rebuilt titles)
- You must have valid insurance in your name
- You must be at least 21 years old
- You must pass a driver screening and a background check
To list your car on Getaround, you need to meet the following requirements:
- Your car must be a 2005 model or newer (some exceptions apply)
- Your car must have fewer than 150,000 miles
- Your car must be in good condition
- You must have a clean title (no salvage or rebuilt titles)
- You must have valid insurance in your name
- You must be at least 19 years old
- You must pass a driver screening and a background check
What type of insurance do Turo and Getaround provide?
Turo and Getaround provide insurance coverage for the rental period, but the coverage varies depending on the platform and the rental period. Turo provides three levels of coverage: basic, standard, and premium. Basic coverage is included in the rental price, while standard and premium coverage are optional upgrades that can increase your earnings. Getaround provides liability insurance and collision coverage for the rental period, with different deductibles depending on the rental plan.
How much money can I earn by renting out my car on Turo and Getaround?
The amount of money you can earn by renting out your car on Turo and Getaround depends on several factors, such as your location, the type of car you have, and the demand for cars in your area. According to Turo, hosts earn an average of $706 per month, while Getaround hosts can earn up to $800 monthly.
How does Turo and Getaround handle damages to my car?
Turo and Getaround have different policies regarding damages to your car. Turo provides physical damage and liability coverage for the rental period, but you may have to pay a deductible for any damage to your car. Getaround provides collision coverage with a deductible, but you are responsible for any damage during the rental period, up to the value of your car.
What are the risks of renting out my car on Turo and Getaround?
Renting out your car on Turo and Getaround comes with some risks, such as damage to your car, theft, and accidents. While Turo and Getaround provide insurance coverage for the rental period, you may still be liable for some costs, such as deductibles or repairs. You also need to consider the wear and tear on your car and the potential for misuse or abuse by renters.
How do I get started with Turo and Getaround?
To get started with Turo and Getaround, you need to create an account, provide information about your car, upload photos, and set a price for the rental. You also need to pass a driver screening and a background check. Once your car is approved, you can start accepting rental requests from renters in your area.
How can I maximize my earnings on Turo and Getaround?
To maximize your earnings on Turo and Getaround, you can set competitive prices, offer optional extras like GPS or car seats, and provide excellent customer service. You can also promote your car on social media and other platforms to increase visibility and attract more renters.
How do I market my car on Turo and Getaround?
To market your car on Turo and Getaround, you can create an attractive listing with high-quality photos, a detailed description, and positive reviews from previous renters. You can also use social media and other platforms to promote your car and attract more renters.
What are some tips for a successful car-sharing experience on Turo and Getaround?
To have a successful car-sharing experience on Turo and Getaround, you should communicate clearly with renters, provide a clean and well-maintained car, and be flexible with pick-up and drop-off times. You should also be prepared for unexpected situations, such as cancellations or damages, and have a plan to handle them.
How can I ensure the safety of my car and the renter on Turo and Getaround?
To ensure the safety of your car and the renter on Turo and Getaround, you should follow the platform’s guidelines and requirements, such as providing a clean and well-maintained car, communicating clearly with renters, and ensuring that the renter is qualified to drive your car. You should also take photos of your car before and after each rental to document any damage or issues.
Conclusion
Listing your car on Turo and Getaround can be a great way to earn extra money and share your car with others. However, it’s important to consider the risks and responsibilities involved in renting out your car, such as insurance coverage, damages, and safety concerns. By following the guidelines and best practices of Turo and Getaround, you can have a successful and profitable car-sharing experience.
FAQs
- Can I list my car on both Turo and Getaround at the same time? You can list your car on Turo and Getaround simultaneously to maximize your earning potential.
- Do I need to provide insurance for my car when renting it out on Turo and Getaround? Turo and Getaround provide insurance coverage for the rental period, but you may still be responsible for some costs, such as deductibles or repairs.
- Can I rent out my car on Turo and Getaround if I have a loan on it? You may be able to rent out your car on Turo and Getaround if you have a loan, but you should check with your lender and insurance provider to ensure that you comply with their policies.
- What types of cars are popular on Turo and Getaround? Luxury, sports, and unique or vintage cars are popular on Turo and Getaround, but any car in good condition can be rented out.
- Can I rent out my car on Turo and Getaround if I live in a small town or rural area? You can still rent out your car on Turo and Getaround if you live in a small town or rural area, but your earning potential may be lower than in a larger city.