Getaround vs Turo: Which car sharing app is better?
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Renting a car has become expensive and the big rental companies may not have the car you want. Enter car-sharing services, which allow people to rent their cars to others who need a ride. The transaction is done through an app, where the renter selects the car they want and arranges to pick it up. Typically, the renter pays less than they would with a car rental company, and the car owner gets paid for the use of their car, which otherwise might just have been sitting in the driveway.
Getaround and Turo are two car sharing apps. Here’s what you need to know about each of them.
Getaround is available in 250 US cities and 850 cities worldwide. They work hard to add hosts to their platform and encourage hosts to rent multiple cars, or even start a car sharing business using Getaround.
When you book a car on Getaround, you will have a choice of vehicles available. For example, you can reserve a 2018 Chevy Cruze for 24 hours in Salt Lake City, Utah for $60.47. Sounds like a good deal, but don’t forget the fees. There are many.
You will pay 40% commission on all trips, in addition to the hourly, daily or weekly rate of the car. Customers pay directly to Getaround. So if you book this car for $60.47, you’ll pay $84.66, of which $24.19 goes to Getaround. The commission includes the platform itself, insurance, roadside assistance, etc.
There is also a booking fee for each trip and extension. It is a percentage of the trip price and may vary. License fees apply to any first reservation or change to your license.
If you are under 25, you will pay additional fees depending on your age. You will pay:
- 75% of the trip price if you are 19 years old
- 45% of the trip price if you are 20 years old
- 25% of the tour price if you are 21 years old
- 15% of the trip price if you are 22 years old
- 10% of the trip price if you are 23 years old
- 5% of the trip price if you are 24 years old
If you cancel your reservation within 24 hours of the start time, you may pay a cancellation fee of 50% of the tour price.
If you return the car dirty, you may be charged a $70 cleaning fee.
You have 20 miles per hour to ride, up to a maximum of 200 miles per 24 hour period. If you exceed this, you will be charged $0.50 per mile for the miles you exceed.
If you are involved in an accident, if there is other damage, or if the car is stolen while you are tipping, you may be charged damages fees of up to $3,000. These fees can be reduced if you purchase a protection plan.
If you lose or damage a Getaround key, you will be charged the cost of replacing the key plus a $100.00 key fee.
Getaround offers guaranteed average monthly earnings, depending on the make, model and year of your car, where you are located and whether you will be renting your car daily or only on weekends .
For example, if you drive a 2016 Chevy Cruze and live in the Atlanta metro area, you’re guaranteed to earn $775 in August if your car is available full-time, or $250 if it’s available weekends only. . Plus, you can get a 15% increase in revenue if you maintain an average return of 4.5 or higher, and an additional 10% when you activate Drive with Uber, which means you’ll let Uber drivers rent your car .
Getaround actively encourages hosts to rent multiple cars, or even start their own car-sharing business, where they make a living by renting a fleet of vehicles.
Hosts pay a one-time setup fee for Getaround Connect, the device that lets travelers unlock your car with their phone. It’s $99. Then you’ll pay a monthly fee based on the number of cars you share.
- For a car, you will pay $20 per month.
- For 2 to 9 cars, you will pay $18 per month, per car.
- For 10 to 49 cars, you will pay $15 per month, per car
- For 50 to 99 cars, you will pay $12 per month, per car.
- For 100 or more cars, you’ll pay $10 per month, per car.
If you decommission a car on the app and don’t return the Connect, you could be charged $500.00.
If your Connect is uninstalled by a mechanic or someone else, you may be charged $150.00 to reinstall it.
If a host cancels a trip, they may be charged $25.00 if it’s less than 24 hours before the trip starts, $50.00 if it’s less than an hour before the trip starts, and 100. $00 if you don’t show up.
Turo bills itself as the “world’s largest carsharing marketplace” and is available in more regions than Getaround. The prices also seem a little more affordable, but this can depend on a number of factors, such as your location and the car you choose.
On Turo, you can rent a 2021 Toyota Corolla for a day for $59 in Boston. Or, you could pay $106 for a 2021 Tesla Model 3 for a day. You can have the car delivered to you, which is a nice feature if you’re renting because your car is in the repair shop, for example.
Turo charges a travel fee, which is a percentage of the trip price and varies based on the value of the car, travel time, booking time and other factors. You will see the travel costs at checkout.
You can purchase a protection plan that will cover you in the event of an accident. The minimum flat rate is 15% of the price of a trip over $25 or 25% of the price of a trip under $250. The standard plan is 40% of the trip price and the premier plan is 65-100% of the trip price. You can decline the protection plan, but you will be responsible for any theft or damage, including bodily injury. Your personal auto insurance, if you have it, would pay first, and your Turo Protection Plan would cover any excess costs up to the policy limits.
Turo charges fees for things like cancellation within 24 hours, cleaning, gas if the car is not returned full, etc.
Hosts earn a percentage of the trip price plus additional mileage and late return fees. This percentage is what Turo calls the “participation rate” and it varies depending on the protection plan you choose, but it ranges from 60% to 90%. Hosts also receive 100% or refundable amounts for things like missing fuel, tickets, tolls, cleaning fees, and more.
Hosts will be charged fees for things like cancellations, no-shows, cleaning policy violations, misrepresentation of your vehicle, etc.
Turo and Getaround both apply the peer-to-peer rental model to cars, much like Airbnb did to homes. Whether you are renting or renting your car, the best way to determine which is better may be to try them out and see what you think.
- Are Getaround and Turo the same?
- They are different companies, but they have similar business models. Both allow individuals to rent out their cars when not in use and get paid for it.
- Why is Getaround so expensive?
- Getaround charges you for renting a host’s car and then adds fees including commission, booking fees, and more. There are also fees if you cancel, go over the mileage limit, or are under 25. . Charges can really add up, so make sure you know exactly what you’ll be paying before confirming your order.
- Can I rent my car on Turo and Getaround?
- You can rent your car on either of these platforms, but not on both at the same time. You must indicate your car’s availability when you register with the host, and you run the risk of having two simultaneous or overlapping requests. When you agree to host, you agree to use only this platform.
- Do you make more money on Turo or Getaround?
- This may depend on where you are located, the type of car you are renting and your car availability. That said, Getaround currently offers attractive bonuses for hosts, including a bonus for listing a new car and bonuses for getting good reviews.
Information is accurate as of August 16, 2022.
Editorial note: This content is not provided by any entity covered by this article. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by any entity named in this article.