WHAT WILL I EARN?
Turo car owners typically receive 75%* of the trip price, delivery fees, and additional mileage charges. Earnings range from 90% to 65% depending on the protection package selected. 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 manage pricing your car for you in applicable locations. Learn more about Automatic pricing here.
HOW DO I GET PAID?
US Owners
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 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
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-two business days after then 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, 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.
Owners 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 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 need to enter your email address on the earnings page.
Payments are issued in USD everywhere except the UK and Canada. In the UK, payments are issued in GBP; in Canada, they are issued in CAD.
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. Owners outside the US can consult their owner 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 Owners receive 65%, 75%, 85%, or 90% depending on which of the four vehicle protection options they’re enrolled in. By default, owners receive 75% under our Standard plan. Currently only the Standard and Decline Plans are available in Canada and the Decline option is the only option available outside of North America.