Discuss how to start car sharing, grow your fleet, utilize technology to automate both platforms and more! On Turo the cost of the trip goes to $338.01, and Getaround is now less than Turo at $327.90. As a result, Getaround has higher transaction counts than Turo, but I would find it hard to believe that their average transaction value is even close. Editorial Policy. Archived. If you don’t meet these thresholds, you will not receive 1099 from Getaround or Turo. Turo is ahead on one important metric—its sales were 7.7 times higher than Getaround’s last year, according to estimates by data firm Second Measure. Turo automatically pulls out 65 percent of ride earnings for themselves. So far, Getaround is only available in San Francisco Bay Area, Washington DC, … Turo is also available in cities throughout the U.S., but the service doesn’t stop there. A five-day rental with the lowest protection plan was $221.76 on Turo and $261.16 on Getaround. Getaround vs. Turo One of Getaround’s main competitors is Turo. However, Getaround seems to come out on top for most categories. Turo, on the other hand, does offer classic and vintage car rentals (for a price). Turo calculates the excess distance cost by multiplying the number of extra miles/kilometres driven by your excess distance fee. To make things easier, we’ve put together this comparison of two of the most popular peer-to-peer car rental services: Turo and Getaround. Starting with Getaround, the company focuses especially on convenience for both car owners and renters. I want to buy a hail damaged BRZ in auction to rent out in the bay area. Eligibility Requirements. This could be as convenient as curbside pickup, but it could also mean that the car owner leaves their vehicle in an airport parking lot with the keys in a lockbox attached to the vehicle. Turo sends payments to owners within a few days, while Getaround pays on a monthly basis. https://firstquarterfinance.com/turo-vs-getaround/, Disclosure: FQF is reader-supported. The server responded with {{status_text}} (code {{status_code}}). However, these two peer-to-peer city Car owners set the rental price that they want to charge, so prices can vary widely. In the past, it was unheard of to rent out your car to strangers or to rent a car from a stranger who’s not behind a counter wearing a name tag. Although car offerings vary depending on location and availability, Turo makes and models often include Teslas, Lamborghinis, Ferraris, Maseratis, and more. If you are under 21, you must have a clean driving record, Have held a license for a minimum of two years, Have had two or fewer minor violations or at-fault accidents in the past three years, Have not had a DUI or drug-related incident in the past seven years, Pass an instant driver record check before the first time you rent (Getaround uses local DMV offices to do this). 1 comment. While sharing the same rental car concept, the two companies are very different. Our content does not substitute a professional consultation. Premium: The premium package gives you wear and tear coverage and protects against the lost rental income should your car be damaged. If your car is damaged and your insurance is inadequate, you can always rely on this app’s umbrella policy. Comparison of Turo vs Getaround in Detail With these details about each rental service, we have gotten to know about the two outstanding peer to peer renting services. Standard: The standard plan has a $0 deductible and offers you a replacement vehicle while yours is repaired. Tell your story. The company only takes a 40 percent commission. Thank you. Getaround and Turo: Car Sharing Tips and Tricks has 1,813 members. We therefore think the two companies are even in terms of the support they offer. Turo isn’t the only peer-to-peer car rental services, and it’s not the only way to get access to a vehicle for a short term. Turo and Getaround have three levels of damage protection plans for renters that are very similar. 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Now, if you’ve looked into renting your car in a big city, you’ve probably also come across Turo. If you own a car and you want to earn some extra cash when you’re not using it, you can list your car for others to rent on Turo and Getaround. Turo is Getaround’s competitor since it offers the same car-sharing concept. A five-day rental with the lowest protection plan was $221.76 on Turo … Using the service’s website or mobile app, you can browse a list of cars available in your target destination. Peer-to-peer car rental is an exciting new business model. Sorry, your blog cannot share posts by email. The first difference between Getaround vs Turo that you need to know is their availability. Just as Airbnb revolutionized accommodation rentals, so are the new car sharing companies revolutionizing car rental. Social car sharing: Rent cars by the hour from people around you. If the company doesn’t deliver on this front, then it’s not worth using. “[Turo] is like Airbnb, but for real people’s cars” “In a process that mimics online dating, a customer can choose that flashy Tesla for a joy ride or that Ford F-150” “I’m able to afford a way nicer car for a lot cheaper” “Car sharing app In city delivery, the renter and car owner meet at a predetermined location (such as the renter’s hotel). One way they deliver this convenience is through technology called Getaround Connect. This way, renters won't be bound to the daily rate when they need the car for an errand. Or learn how to earn with Getaround car sharing and offset the Thanks to these companies, drivers can get more bang for their buck, while car owners can rent out their vehicle and pocket some much-appreciated cash. The next thing is to compare these two well-known platforms; this way, you will know which ones best for you. I … share. Turo vs. Getaround There are many comparable points for vehicle owners. Turo offers lower daily rates for a standard car than Getaround, as well as rental car delivery, in some cases. As a result, Getaround has higher transaction counts than Turo, but I would find it hard to believe that their average transaction value is even close. Related: Check out even more peer-to-peer car rental platforms. Getaround focuses in on short term rentals (hourly mostly) and Turo focuses on longer term rentals (days, months, etc). Note that you may still have to pay additional fees if you’re under 25 (we discuss this in more detail in the following section). Book nearby cars, trucks, and vans, by the hour or day, on Getaround. Zipcar’s service can be found in urban areas and college campuses across the United States, the United Kingdom, Canada, France, Spain, Belgium, and Austria.Almost like Turo – take a look at Getaround vs Turo. Turo is Getaround’s competitor since it offers the same car-sharing concept. No lines or key exchanges. For example, Getaround leverages their Getaround Connect to allow people to Age 20: 45% of trip price. Turo sends payments to owners within a few days, while Getaround pays on a monthly basis. We also recommend looking into Zipcar. Is It Safe? These services allow you to use vehicles owned by peers instead of car rental agencies, offering a cheaper alternative. Assuming the owner approves your request, you can then proceed to the pickup location, get the keys, and be on your way. Costs, How It Works, &…, Renting Your Car to Others: Turo vs Getaround, Target RedCard Credit Limit Increase Policy: Eligibility, Process, etc, How Much Does Egg Donation Pay? The under 25 fees add additional costs to the trip price: Age 19: 75% of trip price.