Doylestown Auto Repair

Turo’s new tool shows just how much your car can earn

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Turo, the peer-to-peer

car sharing

website, has been adding more and more services to help both owners and customers over the past few years. A few months back, the company started allowing owners to rent out

equipment like bike racks and tents

in addition to their vehicles. Today, Turo

released a new tool

— dubbed the Carculator — to help owners and potential users figure out how much their cars are worth on the service. The company also revealed data collected over the past year on the most popular and profitable vehicles on the site.

The new tool is easy to use. Simply plug in your vehicle’s year, make and model as well as your general location and Turo will tell you what your potential monthly earnings might be. The figure is based on the average daily price and the average days booked per month. It also factors in a 75 percent take rate from the Turo Standard protection package (Turo’s basic coverage policy). The numbers are estimates, but it should give you a rough idea of how much you could make.

The tool does have its limits. If you’re not located in one of roughly 25 major markets, you can only get the average for the U.S. or


as a whole. It also doesn’t calculate vehicles older than 2006 model year. Still, it’s pretty neat to play around with and see if Turo might be worth using.

It’s also neat to see just

what vehicles earn the most money

on Turo. The company broke things down into five categories: daily drivers, sport, luxury, trucks and SUVs, and vans. Based on the supplied data, the

Porsche Boxster

brings in more money than any other vehicle, with owners earning $1,365 per month on average. Other notable earners include the

Jeep Wrangler

($851 per month),

Mercedes-Benz CLA-Class

($744 per month) and the

Ford Fiesta

($497 per month). That’s a good price when factoring in the average monthly payments on one of those vehicles.

Related Video:

from Autoblog