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getaround vs. Turo: which car sharing app is the best?

Two women are sitting in a car, one is driving and the other one is sitting in the backseat.

Peter Berglund / Getty Images

Renting a car has become expensive and the major rental companies may not have the car you are looking for. Enter car-sharing services, which allow people to rent out their cars to others who need a lift. The transaction is done via an app, where the renter selects the desired car and makes arrangements to pick it up. Typically, the renter pays less than with a rental car company, and the owner of the car is paid for the use of his car, which might otherwise have just been parked in the driveway.

Getaround and Turo are two carsharing apps. Here’s what you need to know about each of them.

make ends meet

Getaround is available in 250 US cities and 850 cities around the world. They are working hard to add hosts to their platform and encourage hosts to rent multiple cars or even start a car sharing business with Getaround.

Guests

When you book a car on Getaround, you get a choice of available vehicles. For example, you can book 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 cost. There are many.

You pay 40% commission on all journeys, in addition to the hourly, daily or weekly rate of the car. Guests pay this directly to Getaround. So if you book that 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 fare and can vary. There is a license fee for every first booking or change to your license.

If you are younger than 25, you pay a supplement based on your age. You pay:

  • 75% of the travel sum if you are 19
  • 45% of the fare if you are 20 . are
  • 25% of the travel sum if you are 21
  • 15% of the travel price if you are 22
  • 10% of the travel price if you are 23
  • 5% of the travel price if you are 24 . are

If you cancel your reservation within 24 hours before the start time, you can pay a cancellation fee of 50% of the travel sum.

If you return the car dirty, a cleaning fee of $70 may be charged.

You will be allocated 20 miles per hour of travel, up to a maximum of 200 miles in any 24-hour period. If you exceed this, you will be charged $0.50 per mile for the miles you exceed.

If you have an accident, other damage, or the car is stolen during your tip, you may be charged a damage fee of up to $3,000. This fee can be reduced if you purchase a protection plan.

If you lose or damage a Getaround key, you will be required to pay the cost of replacing the key, plus a $100.00 key fee.

hosts

Getaround provides average guaranteed monthly earnings based on the make, model and year of your car, where you are located, and whether you rent your car every day or only on weekends.

For example, if you drive a 2016 Chevy Cruze and live near Atlanta, you’re guaranteed to earn $775 in August if your car is available full-time, or $250 if it’s only available on weekends. Plus, you can get 15% more revenue if you maintain an average feedback of 4.5 or higher, and another 10% when you turn on Drive with Uber, meaning you can let Uber drivers rent your car.

Getaround actively encourages landlords to rent multiple cars and even start their own car-sharing business, where they earn their living by renting a fleet of vehicles.

Host costs

Hosts pay a one-time setup fee for Getaround Connect, the device that allows guests to unlock your car using their phone. It’s $99. Then you pay a monthly fee based on the number of cars you share.

  • For one car you pay $20 per month.
  • For 2-9 cars you pay $18 per month, per car.
  • For 10-49 cars you pay $15 per month, per car
  • For 50-99 cars you pay $12 per month, per car.
  • For 100 or more cars, you pay $10 per month, per car.

If you take a car out of service through the app and you don’t return the Connect, you may be charged a $500.00 charge.

If your Connect is removed by a mechanic or someone else, you may be charged $150.00 to reinstall it.

If a host cancels a trip, a $25.00 fee may be charged if less than 24 hours prior to travel, $50.00 if less than an hour prior to travel, and $100, 00 if you don’t show up.

Turo

Turo calls itself “the world’s largest car-sharing marketplace” and is available in more territories than Getaround. The price also seems a bit more affordable, but that can depend on a number of factors, such as your location and the car you choose.

Guests

On Turo, you can rent a 2021 Toyota Corolla for a day for $59 in Boston. Or you can pay $106 for a 2021 Tesla Model 3 for a day. You can have the car delivered to you, which is nice if you are renting because your car is in the repair shop, for example.

Turo charges fare, a percentage of the fare and is variable based on the value of the car, the length of the trip, how far in advance you book and other factors. You will see the travel costs at checkout.

You can buy a protection plan that will cover you in the event of an accident. The minimum plan 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 travel price. You can refuse the protection plan, but you are responsible for theft or damage, including personal injury. Your personal auto insurance policy, if you have it, would pay first, and your Turo protection plan would cover any additional costs up to the policy limits.

Turo charges for things like cancellation within 24 hours, cleaning, petrol if the car is not returned full, and so on.

hosts

Hosts earn a percentage of the travel price plus additional costs for distance and late return. This percentage is what Turo calls the “take rate” and it varies depending on the protection plan you choose, but ranges from 60% to 90%. Hosts also get 100% or refundable amounts for things like missing fuel, tickets, tolls, cleaning fees, etc.

Hosts are charged for things like cancellations, no-shows, cleaning policy violations, misrepresenting your vehicle, and so on.

last take

Turo and Getaround are both bringing the peer-to-peer rental model to cars, just as Airbnb has done for accommodations. Whether you’re a renter or renting out your car, the best way to determine which one is best is to try them out and see what you think.

FAQ

  • 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 using them and get paid for them.
  • Why is Getaround so expensive?
    • Getaround charges you for renting a car from a lessor and adds costs including commission, booking fees, etc. There are also fees if you cancel, exceed the mileage limit, or are under 25 old . The costs can add up, so make sure you know exactly what you’re going to pay before confirming your order.
  • Can I rent my car on Turo and Getaround?
    • You can rent your car on any of these platforms, but not both at the same time. You must declare your car’s availability when you sign up to host, and you run the risk of getting two simultaneous or overlapping requests. When you agree to host, you agree to use only that platform.
  • Do you earn more with Turo or Getaround?
    • This can depend on where you are, what kind of car you rent and how available your car is. That said, Getaround currently has some attractive bonuses for hosts, including a bonus for signing up a new car and bonuses for getting good reviews.

Information is correct as of August 16, 2022.

Editor’s Note: This content is not provided by any entity covered in this article. Any opinions, analysis, reviews, ratings, 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.

About the author

Karen Doyle is a personal finance writer with over 20 years of experience writing about investments, money management, and financial planning. Her work has appeared on numerous news and financial websites, including GOBankingRates, Yahoo! Finance, MSN, USA Today, CNBC, Equifax.com and more.