Side Hustle School

Ep. 3090 - Q&A: “Can renting your car on Turo actually make money?”

Jun 17, 2025
Is renting your car on Turo a smart move or just a hassle? Delve into the numbers and risks involved in this side hustle. The discussion covers profitability and how factors like vehicle type and location influence earnings. It's a revealing look at whether one car can really generate extra income or just lead to wear and tear. Tune in for insights from real case studies and listener questions.
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ANECDOTE

Successful Early Turo Fleet Story

  • Early in Side Hustle School, a man succeeded by renting out nine cars on Turo for under $200/month each.
  • He made several thousand dollars profit monthly but managed complex logistics for the fleet.
INSIGHT

Risks and Rewards of Car Sharing

  • Renting your personal car on Turo can create income but comes with wear, tear, and repair risks.
  • Insurance covers some issues, but unexpected problems may reduce profits.
ADVICE

Is Single Car Renting Worth It?

  • Renting out a single personal vehicle is a starter hustle and may not yield high profits.
  • If underused for driving and alternative transport exists, renting can be a worthwhile experiment.
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