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Turo, the peer-to-peer
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
— 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
brings in more money than any other vehicle, with owners earning $1,365 per month on average. Other notable earners include the
($851 per month),
($744 per month) and the
($497 per month). That’s a good price when factoring in the average monthly payments on one of those vehicles.
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