What will I earn?
Turo hosts typically receive 75%* of the trip price, delivery fees, and additional mileage charges. Earnings range from 90% to 65% depending on the protection plan selected. If your guest did not pay for tickets or tolls during their trip, we’ll reimburse you for those charges after receiving the necessary documentation.
You can set your own daily price as well as prices for individual days. Additionally, you are able to create a weekly and a monthly discount. Alternatively, hosts in some locations can choose to have Turo price their car for them. Learn more about Automatic Pricing here.
How do I get paid?
US hosts
Thirty minutes after the trip ends, we’ll automatically initiate ACH payment (like a direct bank deposit) for your share of the trip price. Please allow one to three business days after that for the funds to transfer. If the trip lasts more than a week, you’ll receive partial payments on a weekly basis: on day seven we’ll initiate the first partial payment (which you should see in your account one to three business days later), and then on day 14, etc. the process will continue.
In order to receive your earnings after each trip, you'll need to provide your bank’s routing number and your account number in the US. You can find this information on the bottom of your personal checks or deposit slips from your bank. You’ll be able to securely enter this information on your earnings page. We will not have access to your bank account information, and the routing information will be stored by a Level-1 PCI-compliant third party that will facilitate the payments.
Canadian and German Hosts
Thirty minutes after the trip ends, we’ll automatically initiate a PayPal payout for your share of the trip price. Please allow at minimum one to three business days after that for the funds to transfer (Turo cannot control any holds or reserves on the funds imposed by PayPal). If the trip lasts more than a week, you’ll receive partial payments on a weekly basis: on day seven we’ll initiate the first partial payment (which you should see in your account one to three business days later), and then on day 14, etc. the process will continue. Canadian hosts will be paid in CA$; German hosts will be paid in euros.
In order to receive your earnings after each trip, you'll only need to enter your PayPal email address on the earnings page.
Hosts in other countries
Thirty minutes after the trip ends, we’ll automatically initiate a PayPal payout for your share of the trip price. Please allow one to three business days after then for the funds to transfer. If the trip lasts more than a week, you’ll receive partial payments on a weekly basis: on day seven we’ll initiate the first partial payment (which you should see in your account one to three business days later), and then on day 14, etc. the process will continue.
In order to receive your earnings after each trip, you'll need to enter your PayPal email address on the earnings page.
Payments are issued in US$ everywhere except the UK, Canada, Germany, and countries in the eurozone. In the UK, payments are issued in GBP; in Canada, they are issued in CA$; in Germany and all other eurozone countries, they are issued in euros.
Are my earnings taxable?
As a general statement, income earned by sharing your car is taxable. In the US, we will send 1099-K forms to all hosts who qualify. This shouldn’t change the way you file your taxes. Hosts outside the US can consult their earning statements for tax purposes. As always, we encourage you to consult a tax professional for assistance reporting your income and understanding any tax obligations. More information can be found here.
This statement is provided for information purposes only and does NOT constitute tax advice.
*US hosts receive 65%, 75%, 85%, or 90% depending on which of the four vehicle protection plans they’re enrolled in. By default, hosts receive 75% under our Standard plan. Currently only the Standard and Decline plans are available in Canada and Germany, and the Decline option is the only option available outside of the US, Canada, and Germany.