Did you know that you can share your car with travelers on a daily, weekly, or even on a long-term basis and make extra money? I’m talking about listing your car and making money on Turo, which is like Airbnb for cars.
It takes as little as 10 minutes to list your car, and you can earn up to 90% of the trip price.
Sharing your car and making money on Turo has many benefits, such as:
- You can use the money to pay for your car expenses. With the average Turo Host earning $500 each month, most people generate enough money to completely offset their car payments.
- If you don’t have a car payment, the extra money you make with Turo can be used for retirement savings, paying off debt, and more.
- You can make extra money passively. This is a no brainer!
- The average car sits idle in driveways 95% of the time. If your car goes unused a lot, then this can be a way to offset a depreciating asset.
But, what is Turo exactly? [Read more…]