Make Money for Christmas Renting Your Car Out to People
Uber and Lyft are great taxi like services which you can use to find a driver near you. That's great if you need to get somewhere and have the Uber or Lyft app on your phone. And you might not even know it but like you can rent a room out in your home using airbnb. Well you can also rent your car out to people as well using Turo.
You can rent out or rent your own car using Turo. All you need to do is sign up to Turo and then list your car. You'll have to put some detail about your car and upload some pictures of it. So a well kempt car that's in good condition and nice and tidy on the inside will help.
After this, you just need to put down some dates and times when your car is available. And then respond to the requests that you get. You'll get an email notification about someone wanting to rent your car. Then you can arrange a time and a place to meet them in it. All you have to do then is check their driving license, give your car a quick inspection, and check the fuel and mileage on it. Then hand over the keys and away they go!
You'll have to arrange a time and a place for them to deliver the car back to you when you're finished. And then obviously when you do, you'll have to give it a once over again to make sure there's no damage or anything and the mileage adds up to about what they said it would roughly be.
How much can you earn renting your car with Turo?
It really depends on the type of car, the make and the market value of it. As well as how many days you want to rent it out for. The cool thing about Turo is that they have a price valuation tool on their website which you can use to get a rough idea of how much money you can earn. For a car with a market value of $20,000 and rented out for 15 days you could earn up to and around $6,500 which is quite significant.
Turo will dynamically set your car’s rental price based on market value, location, time of year, and other data sets to maximize your income and boost your listing’s competitiveness. If you prefer, you can manually set your own daily price.
Turo will pay you via direct deposit within five days. You’ll earn 65% to 85% of the trip price, depending on the vehicle protection package you choose. If you have commercial rental insurance and waive vehicle protection provided via Turo, you earn 90% of the trip price.
So there you have it! If you have a really nice car, and you're not going to be using it. Or perhaps you have a spare car so you can go without one for a while. Then you could put it to good use with Turo and use it to make some extra money with for Christmas.