Turo is a peer-to-peer car rental service that allows car owners to rent out their vehicles to other individuals. It is an excellent alternative to traditional car rental companies and offers renters more flexibility and customization options. However, it’s essential to understand the fees associated with using Turo before renting a car or listing your car for rent.
Turo Fees for Car Owners
If you’re interested in listing your car on Turo, you should know the various fees associated with doing so.
Trip Price
The trip price is the amount you set for renting your vehicle daily. Turo provides a pricing tool that considers factors such as the make and model of your car, its condition, and its location to suggest a price range.
Service Fee
Turo charges a service fee to car owners for every rental. The cost is calculated as a percentage of the trip price and ranges from 10% to 35%, depending on the level of protection and support the owner chooses.
Premium Host Service Fee
If you opt for the Premium Host service, Turo will handle all aspects of your rental, including managing your calendar, pricing, and messaging with renters. The fee for this service is 40% of the trip price.
Delivery Fee
If you offer delivery of your car to the renter, you can charge a delivery fee. Turo recommends a fee of $10 to $40, depending on the distance and time required.
Cancellation Fee
If you cancel a reservation, you may be charged a cancellation fee. The amount of the fee depends on how much notice you provide and the circumstances surrounding the cancellation.
Late Return Fee
If the renter returns your car later than the agreed-upon time, you can charge a late return fee. Turo recommends charging the same hourly rate as the trip price.
Cleaning Fee
You can charge a cleaning fee if the renter returns your car dirty. The fee is typically $30 for light cleaning and $50 for heavy cleaning.
Extra Distance Fee
If the renter exceeds the allotted mileage for your car, you can charge an extra distance fee. The fee is typically $0.75 to $1.50 per mile.
Turo Fees for Renters
Renters also need to be aware of the fees associated with using Turo.
Trip Price
The trip price is the amount the car owner sets for renting the vehicle daily.
Service Fee
Turo charges a service fee to renters for every rental. The fee is calculated as a percentage of the trip price and ranges from 10% to 20%, depending on the level of protection and support the renter chooses.
Additional Driver Fee
If you want to add a driver to your rental, you can expect to pay an extra fee. The fee is typically $10 per day, but it can vary depending on the car owner’s policy.
Young Driver Fee
If you’re under 25, you may be required to pay a young driver fee. The fee is typically $10 to $30 daily and varies depending on the car owner’s policy.
Late Return Fee
You may be charged a late return fee if you return the car later than the agreed-upon time. The fee is typically the same hourly rate as the trip price.
Cleaning Fee
You may be charged a cleaning fee if you return the car dirty. The fee is typically $30 for light cleaning and $50 for heavy cleaning.
Fuel Fee
Renters are responsible for returning the car with the same amount of fuel as when they picked it up. If you return the car with less fuel, you may be charged a fee for refueling the car.
Toll Fee
You may be charged a toll fee if you drive on toll roads during your rental period. The fee is typically the actual toll amount plus a convenience fee of $10 to $15.
Conclusion
In conclusion, Turo charges various fees to both car owners and renters. Understanding these fees is essential before listing your car for rent or renting a car through Turo. The fees vary depending on the level of protection and support you choose and the policies set by the car owner.
FAQs
- How is the trip price calculated on Turo?
- The trip price is calculated based on factors such as the make and model of the car, its condition, and location.
- Can car owners charge different fees for different types of rentals?
- Yes, car owners can set their own fees for different types of rentals, such as long-term rentals or delivery fees.
- Can renters negotiate the fees charged by car owners?
- No, the fees charged by car owners are set, and renters cannot negotiate them.
- What happens if a renter returns a car early?
- If a renter returns a car early, they are still responsible for paying for the entire rental period.
- Does Turo charge any other fees besides those listed in this article?
- Depending on the rental circumstances, Turo may charge additional fees, such as a security deposit or a damage fee.