How It Works
Three simple steps to get accurate calculations
1
Enter Vehicle & Costs
Input your car purchase price, loan details, insurance, and operational costs to calculate total investment.
2
Set Rental Parameters
Define daily rates, expected rental days, platform fees, and fuel arrangements to project revenue.
3
Analyze Profitability
Review monthly profit, annual ROI, break-even analysis, and actionable insights for optimization.
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Frequently Asked Questions
How much can I make renting my car on Turo?
Earnings vary widely based on location, vehicle type, and demand. Most hosts earn $200-$1,000 per month per vehicle. Our calculator helps you estimate realistic earnings based on your specific situation and local market rates.
What are the typical platform fees for car rental?
Turo takes 25-40% depending on your protection plan, Getaround takes about 40%, and HyreCar varies by market. Choose the protection level that balances fees with coverage for your risk tolerance.
Should I buy a car specifically for rental income?
Only if the numbers work. Use conservative estimates for rental days (15-20 per month), factor in all costs including depreciation, and ensure positive cash flow. Consider starting with a vehicle you already own.
How do I estimate maintenance costs per mile?
Include regular maintenance, repairs, tire replacement, and increased wear from multiple drivers. Budget $0.10-$0.25 per mile depending on vehicle age and type. Luxury cars typically cost more to maintain.
What insurance do I need for car rental business?
Commercial insurance or platform protection plans. Personal auto insurance typically doesn't cover rentals. Factor this cost into your calculations - it can be $100-$300+ per month depending on coverage and vehicle value.
How many days per month should I expect rentals?
New hosts average 8-15 rental days per month. Experienced hosts with good reviews and competitive pricing may achieve 20-25 days. Avoid over-optimistic projections - start conservative and scale up.
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Results are estimates for informational purposes only. Consult professionals for important decisions.