Earning Potential on Turo
Tesla owners earned over $44,000 in 2021 by hosting their Model 3s on Turo. A Tesla rents easily for $90-$200 a day. An Audi A4 rents for around $50 a day. Tesla has won over car buyers with impressive driving range, features, and sports car performance. Turo promised I could make $1,000 a month renting my Tesla. I wanted to promote sustainable transportation. A couple booked my Tesla for a weekend trip. Driving a Tesla is wholly different than anything else. You can find Teslas to rent on Turo. Hertz and Enterprise offer Teslas in select cities. The model S rents for $499 a day with 100 miles included. Vukee car hopes to launch a Tesla car-sharing service in California.
Turo Earnings and Considerations
Turo earnings vary. Use their calculator for estimates. Renting your car can be worth it if you prepare for expenses and provide good service. Most cars that meet eligibility requirements can be rented on Turo. Consider factors like demand and expenses when pricing.
You can make $500-$1,000 per month as a Turo host. Their calculator considers payments, rental rates, and vehicle value. As a sole proprietor, you must pay taxes on Turo income. Car expenses are deductible only if self-employed.
Earnings depend on the vehicle, location, and rental days. A newer, nicer car earns more. Turo says average hosts earn $630/month but that varies a lot. Their estimator shows potential yearly earnings based on car value and rental days.
You can earn 65-85% of the trip price based on protection package. Mileage overages are 100% yours. Turo pays within 5 days of each trip. Eligibility criteria include age, mileage and condition.
Renting Teslas on Turo: Insights
Turo lists 6,000 Teslas for rent. Model S owners earn $1,200 per month by renting their cars an average of 11 days. Turo essentially offers a free Tesla if you share it 10 days a month. Tesla demand creates a solid stream of interested renters. Brent G. says renting his Tesla nets $1,150 per month, so it’s like driving it for $50 per month. Ryan C. adds Teslas have no real maintenance and an 8-year warranty.
Tesla owners on Turo earn $100-$400 per day depending on model. Model S and X owners earn the most as luxury vehicles. Earnings vary based on location, model, and time of year. My husband and I had two cars rarely moving. We heard of a friend renting dream cars on Turo with minimal cost by leveraging the platform.