What will I earn and how do I get paid?

What will I earn?

Turo car owners receive up to 85%* of the trip price, delivery fees, and additional mileage charges. If the traveler 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 and you can also set prices for individual days. Additionally, you’ll be able to create a weekly and monthly discount. Alternatively, you can choose to have Turo dynamically price your car for you. Learn more about Dynamic Pricing here.

How do I get paid?

US Owners

Three days after the trip ends we’ll automatically initiate ACH payment (like a direct bank deposit) for your share of the trip price. Please allow 1-3 business days after then for the funds to transfer. If the trip lasts more than a week, then 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–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 which you can find 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 (https://turo.com/earnings). 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 who will facilitate the payments.

Canada Owners

Three days after the trip ends we’ll automatically initiate a Paypal payout for your share of the trip price. Please allow one-two business days after then for the funds to transfer. If the trip lasts more than a week, then 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–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 only need to enter your email address on the earnings page.

Are my earnings taxable?

As a general statement, income earned by renting your car is taxable. In the US, we will send 1099-K forms to all owners who qualify. This shouldn’t change the way you file your taxes. As always, we encourage you to consult a tax professional for assistance reporting your income. More information can be found here.

This statement is provided for information purposes only and does NOT constitute tax advice.

*US Owners receive 65%, 75%, or 85%, depending on which of the three vehicle protection plans they’re enrolled in. By default, owners receive 75% under our Standard plan. Currently only the Standard Plan is available in Canada.

Have more questions? Submit a request
Powered by Zendesk