After 4 months on platform with consistently monthly growth: So by letting other people drive our cars a portion of the month, we get to use them for free the rest of the time, including a The only way people are renting on Turo (including the author of this article) is either. loan, including low-interest student and government subsidized loans, but The the options are 1) Full Time 2) Half Time and 3) Less than half time. The company is expanding its shopping affiliate program to U.S.-based . I went on live chat and the agent told me that $27 was the discounted long trip fee which simply is a lie. with over 1,100 5-star ratings! You can get approved to drive before you book a car by going to your account page. Unable to book through Turo. No real reason provided. Support - Reddit No way to escalate matters or speak to a manager. One of the biggest issues for many students, is that It went that far that yesterday the debt collectors reached out to me! If you want someone you trust to help manage your listing(s). Allows us to verify that you have a valid license. In order to get the car booked often, I wanted to make things affordable and convenient for renters, so I checked the box for features like: While those features secured more bookings, they also led to 5am pick up/drop offs at the airport, so we had to find a smarter way. Here you'll find car advice, car reviews, cars tips & tricks, car repair solutions, car insurance info, and a lot of other practical information related to cars. Manage Settings You can pay expenses with a By clicking "Continue", you will leave the Community and be taken to that site instead. If you have a simple tax return, you can file with TurboTax Free Edition. We first heard about the platform from a friend who was building up a fleet of dream cars and sharing them on Turo to cover the expenses. grants (listed on the form 1098-T from your school) than qualified education Requirements with regard to age, license, identification, and communication differ by region. Resolving problems booking a car - Turo Listen in your favorite podcast app or directly in your browser. If the damage is eligible for reimbursement to the host, turo will: This allows cheaper cars to be rented. If you don't meet the eligibility requirements in your area, you'll be unable to book a car. 1 Nitrowolf 3 yr. ago Yes, it is different. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. You have clicked a link to a site outside of the TurboTax Community. According to AAA, the average cost of car ownership in 2020 was $9,500 so your profit on renting one car through Turo for a year would be slightly over $1,000. Another reader shared that larger cars tend to do particularly well on Turo. When a trip fee on Turo is quite high, it is due to certain factors. October 20, 2022, 11:50 pm, by Or a particular car you want is not available to rent? I also see the trip fee (Turos fee) is completely random. These include the vehicles value (a higher-value vehicle may incur a higher trip fee), lead time of booking (. I have sent them all the verification photos (selfie with ID, passport, everything), I've called them 2 times and they told me the same lies over and over. I always thought that if you didnt have an expensive lawyer you cant win lawsuits- that is not true! Do you need ID for Turo? I spent no more than 10 hours all month to manage all aspects of the Turo business which brought in $1800. How close can you park to another car UK? Turo offers three packages of insurance coverage for drivers: Youll get an email from our Verification team or an online notification if you need to submit additional photos for approval. In some cases, you can fix the problem yourself by taking these steps: Confirm that we'. Major car rental companies are super difficult to work with and really expensive and just sketchy- I would hate to see Turo turn into that. I went back and selected half time and now I do. What Makes You Not Eligible For Turo? - Read The Answer - Syukcars.co.uk 3. To complete the approval process, log onto Turo, go to your Account page, tap Get Approved to Drive at the bottom of the page, and follow the instructions . Additionally, once the car loan is paid off by renters, the cash value of the car will be ours to pocket or roll into another investment. The names of the representatives are fake and no way to verify. I have developed some template messages with recommendations angled at couples, families, or business travelers preferences. Arent emotionally attached to your car (because strangers will be all up in it!). This car is newer to the platform and has only been actively listed for 1 month, but has already received a handful of 5 star reviews and has bookings slotted into January 2019. Courses must By clicking "Continue", you will leave the Community and be taken to that site instead. You will need to rent additional vehicles through other valid profiles. One of the items toqualify for the American Opportunity Credit is that you need to be at least Half time Student. You dont need personal insurance coverage if you book a trip with a protection plan made available via Turo. The technical storage or access that is used exclusively for statistical purposes. I have requested copies of all photos and transcripts of calls and have been completely ignored. Why does Turo say not eligible? - TheLittleList Its only available after a 30% discount for a 3 month trip which most people wont do, so wheres the $27 being advertised. be sure to deduct the expenses rather than the loan payments. If you feel uncomfortable, evaluate his reviews and decide. Your rental rate (you can also opt in for Automatic pricing to let Turo adjust your rate based on demand). Or go with a non-commercial Turo host. Conclusion: You may rent out a car provided you change the car from personal car to the commercial car. Yes.. except for the equity/cash out value. Its sad how Turo allows these hosts rent out their cars without having documentation of any problems on the car. Check the age requirements for the car youre trying to book. You arent expected to clean or disinfect a car before returning it to your host. By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. If you don't already have a Turo account, sign up with email address, Facebook account, Google account, or Apple ID Enter number for your text-enabl. This is my review of the Turo peer-to-peer car rental platform, from the owners perspective. They offered me a key the morning this happened but were unable to get it to me in time to attend the VERY expensive, non-refundable, scheduled event that we were on our way to. You can list multiple cars on Turo and rent them out simultaneously as a host. I would hope to see that happen as a Turo customer because it ensures that the service that I really love stays afloat but also makes sure everyone is safe and the hosts are getting something out of it so that they continue to host. If youre worried about insurance for your car with Turo, youre not alone! Joe talks about Turo constantly and how awesome of an opportunity it is. Save my name, email, and website in this browser for the next time I comment. I mean how do you insure the same car twice? Turo Go is a win-win for you and your guests they get instant access, and you get nearly effortless earnings while you live your busy life. Cost of living - latest updates: Huge drop in UK house prices predicted; energy bills to fall by hundreds tomorrow. I could Uber back home but every additional expense cuts into the profit. Top 10 Entrepreneurship podcast Shorter bookings on Turo also result in higher trip fees for users. The lawyer was very straightforward and easy to work with. However, this is not a hard credit check that will impact your credit score. If weve denied you access to Turo, find out whether you can resolve your problem booking a car. (which they dont), theyre basically earning $700 per month (in use of the car) That factors to an hourly rate of $100/hr earned from running this side-hustle. Securing reviews is critical to building up your profile and your car(s) profiles on Turo, but currently the company does not do a great job of encouraging reviews. Makes no sense. Using such bikes for taxi service is illegal. Additionally, I always offer my advice as a local when in communication with renters. to receive guidance from our tax experts and community. Does Turo report to IRS? Opportunity Tax Credit. Related Questions. Continue with Recommended Cookies, You must be the one to pick up and return the car. It seems owners lending out their cars should have commercial auto insurance and an umbrella policy in excess of getarounds cap. They have commercial insurance on their vehicle If I have access to a coupon that they can use or a discount link for a attraction they will be visiting, I share it. This is what happened. All you need to know about Turo Go | Turo 1. Make sure to check your email (including spam/promotions) for your free welcome gift. I met all the qualifications for the American Opportunity Credit, yet Turbotax said that I didn't qualify for this credit. First time renter and Turo won't let me book! : r/turo - Reddit I rented Tesla and Mercedes GLS450 via Turo in San Francisco back in 2018 and recommended to my wife. What education tax credits are available? In all cases, our system automatically applies a security deposit, and neither Turo nor your host can waive it. Cost saving is mainly due to fuel (rented vehicles are practically new, and therefore their consumption is lower), insurance of cars and persons (costs are taken over by the company that handles your vehicle). To book a car on turo, you must have a current, eligible payment card listed on your account. But it is about time we tell you what Turo is really like behind the scene. While Turo does take 15% to 40% of the rental cost, that cut covers insurance for your vehicle and advertising on the site, which gets you customers. The company was sued by the city of San Francisco in 2018 for failureto pay the fees required to operate legally at the SFO airport. Turo is not trying to pay me the correct amount for my car. Turo is a peer-to-peer car sharing marketplace where you can book any car you want, wherever you want it, from a vibrant community of local hosts across the US, Canada, and the UK. His work has been featured in The New York Times, Entrepreneur, Forbes, TIME, Newsweek, Business Insider, MSN, Yahoo Finance, The Los Angeles Times, The San Francisco Chronicle, Hubspot, Ahrefs, Shopify, Investopedia, VICE, Vox, Mashable, ChooseFI, The Penny Hoarder, GoBankingRates, and more. This is used to confirm your identity and age. Why do you want to work for rev/min 200 max 500? View some of the reasons below:https://ttlc.intuit.com/replies/3302281. A judge eventually ruled in the citys favor. ONE OF THE REASONS IS NO TAXABLE INCOME BUT I HAD TAXES WITHHELD FROM UNEMPLOYMENT. Is it hard to rent on Turo? The vehicle requirements apply at the time the vehicle is first rented. jx2012 2 yr. ago What do you think a car like this could get me on Turo? The merrier the better! Tap Booked to select the trip youd like to change. Turo says it plans to offer 5 percent of its stock to eligible hosts and guests on our platform and certain individuals identified by our officers and directors.. Its basically a slam dunk on bating people to make large profits off you. The vehicle was disabled in a legal parking spot at my vacation rental and I was physically present when the tow truck that TURO called picked the vehicle up. I project by 2019, we will be stashing aside some sizable profits each month from our Turo rentals. Overall, Turo is a great platform to use whether youre a driver or a host. There is a question on if you provided over half your support from earned income, the questions on can anyone else claim you.. Also go back through 1098-t interview and ensure you said you were attending school at least half time.. Having a similar problem this year, I qualify and am claiming myself. Thank you n0v0cane 2 yr. ago Do you mean that you aren't approved to drive by Turo? Requirements with regard to age, license, identification, and communication differ by region. Then asked to take a picture with drivers license and send. Also, will they consider some older cars too old for their service? I agree with a lot of the points made. how come in 9 years of ownership I never got one? When a trip fee on Turo is quite high, it is due to certain factors. Review says not eligible for electronic filing. - Intuit When Turo contacted me, I replied immediately, explaining the whole situation and attempting to dispute that claim. Hang up or dont reply to the text. It doesnt say starting at $27 nor does it say restrictions apply. TurboTax is telling me I can only include the amount from box 1 of the 1098-T, but I have additional costs for books and computer. These guys never solve anything as then have never returned a call!! We do this to improve browsing experience and to show personalized ads. However, guests must create an account and pass the verification stage before calculating the additional fees at checkout. children until they are the age of 24 years old if the student is unmarried. We park the car in the agreed upon location for pick up within 24 hours. Can Turo sue me? must be you, your spouse, or a child whom you claim as a dependent on your ************. The unconventional rentals ideas list will be in your inbox shortly. To complete the approval process, log onto Turo, go to your Account page, tap Get Approved to Drive at the bottom of the page, and follow the instructions. What are the alternatives? Here is a full list of all qualifications for the American Opportunity Credit. 1,800+ Turo Reviews and Complaints | Is Turo Legit or Sketchy? Completing a contactless check-in: Upload the following photos to Trip photos within 24 hours of trip start time. On their homepage, Turo has a cool little calculator to estimate how much your car might earn on the platform: Right now, were earning enough to cover all the costs for the three cars each month and I invest only a handful of hours per week. I believe GMI is recommended for commercial insurance a lot but I have no idea if they cover young drivers. Cost of living - latest updates: Huge drop in UK house - Sky News When I want to explore or take a trip, I use Turo. Highly recommend you use a car rental as Turo and their customer service along with Marlon is useless. If we lived closer to the airport or in a city with better public transit, we would certainly be leveraging that in our plan. Still, its exciting to use a new platform like Turo to subsidize and ultimately profit on the costs of our vehicles. The Wedding Hacker: A Budget-Minded Wedding Playbook, Join the free Side Hustle Nation Community, High quality pictures of the car inside and out. I have a blog: https://sharingeconomysecrets.com/. For example, since most of our renters are arriving at the airport, we tell them the car is at one of the airport parking lots nearby. Listing a vehicle - Turo What can I do in order to have the best chance for Turo to accept my account for membership? What do I do if Im running late? Similar to other transportation startups, Turo has lost money every year its been in operation. THANK YOU and would appreciate your insights. Why does Turo say not eligible? It is not possible to use a fake ID on Turo. Turo presents an opportunity to turn that otherwise idle time into cash. You must meet established age requirements to book certain . Hi Steve, I certainly do not value my time at $0 per hr. Personally, Im not a car guy and wouldnt want the running around but there is some massive potential here. you may want to go bath through the personal info section. Why am I being charged for TurboTax Free Edition? - Intuit I didnt get a chance to do anything! They also block cars to lsit at random as they claim it is too expensive or what ever their algorithm say but then you see the same car a year or two newer that is listed! Grubhub pays 4.6% more than Amazon Flex, which pays 1.8% more than Uber, which pays 5.59% more than Lyft. But I would also like to see Turo held to a high standard so that I dont potentially get into a bad situation with a driver and face some of these issues of a lack of customer service to hosts. It takes Turo about 24 hours to approve new users. They seem to have decided in my favor about the key and the seat but they charged my credit card $50 for a cleaning fee that was unfair. If you don't meet the eligibility requirements in your area, you'll be unable to book a car. Im with you on that and it has to be addressed. They can walk or take a shuttle there, and weve gotten the feedback its like a fun scavenger hunt for them. Firstly, After all, car rental companies have concession agreements with airports that require paying a percentage of airport-related revenue to the airport. I'm interested in renting in Vegas, LA, San Francisco and San Diego. CAN I PAY FOR THE RENTAL OF A CAR FOR ANOTHER INDIVIDUAL? Yes, renting on Turo can be profitable. If We asked why she is not eligible, Turo customer support told us differ reasons every time we chat or spoke. I did some research and put together a plan of attack to automate the drop off process at the start of each trip. Guys from Turo hired the debt collection agency against me for the damage I didnt make! Where do you go to enter $1 to either other income or interest? Turo does not constitute leveraging unused cars for extra money. Go all the way through the section until you have entered your Form 1098-T and then you can select the different categories of education expenses to enter your additional qualified expenses. When a Turo user books a rental car on the peer-to-peer platform, a credit check is automatically done. You must contact your host directly to make your request. Be in excellent mechanical and physical condition. dependent" TurboTax will show that you do not qualify for the tax credit. One of the biggest issues for many students, is that their parents are claiming them as dependents. Save my name, email, and website in this browser for the next time I comment. Nicks Notes: Turo is an interesting side hustle for sure. Would love to know how well you felt Turo handled it. Features of the car, like GPS, automatic transmission, leather seats, and other details renters might care about. I am filling lawsuit with all the medical proofs and I am about to sue Turo. YouTube is lowering the barrier to be eligible for its monetization All rights reserved. However, you do have the following responsibilities for documenting and maintaining vehicle cleanliness. But some of the company's 350,000 listed vehicles are owned by people who rent out small fleets. Is my car eligible for Turo? Reddit, Inc. 2023. Unable to rent from Turo But why? : r/turo - Reddit ( for example a 9 year old car is too expensive but a 7 year old car of the exact same model is not , go figure!) You arent responsible for any fee or additional charge for adding a driver. Check your . If you do have insurance, our liability insurance provider* will supplement your personal coverage. I know she wrote that they turn the drop-off process into a fun outing, but the reality is that driving to/from the airport, washing the car, cleaning it and filling it up all take time that could be spent doing other things. This was definitely a concern for us before we created our first listing. you are filing using the married filing separate filing status. However, the Turo marketplace still hinges on five-star hospitality and clean, well maintained vehicles, so check out these pro-tips to keep your reviews up and your business humming. Having a mini-fleet on Turo has allowed us to enjoy a Tesla that we would not have splurged on otherwise. We use cookies to to make sure you have the best experience on our website. The best-paying app is Uber Eats, which pays 3.38% more than No. In the United States when you list a vehicle on Turo yoursquore agreeing to share it only on Turo You may not list a vehicle that In order to maximize this side hustle and to keep our busy schedules on point, we needed to find a more efficient solution. They won't tell you, but that's what they base their decision on. For no-show trips that are longer than two days, well refund the guest their trip price and trip fee minus the average of two days cost, the protection plan, any Extras, any young driver fee, and half of any delivery fee. 501 regarding Dependents) to make sure whether Can you buy a car in Mexico and bring to US. Quick Answer: How Does Turo Work With Insurance - BikeHike And im approved there lol [deleted] 3 yr. ago [removed] Can I claim college or education expenses if m TurboTax Live Full Service Business Taxes. His speculation was that traditional rental companies charge really high rates for those vans and SUVs, and he was able to undercut them while still maintaining a healthy profit margin on his monthly costs of ownership. as married filing jointly. Well also charge a $200 deposit if our security system chooses your trip for a deposit based on the trips details and other factors. Make sure you have included other education expenses like books,supplies and equipment in the their parents are claiming them as dependents. I can see how not being attached to the car is a huge bonus, so if it gets minor damage or even major damage, its more of a business loss than a personal loss. You can't claim the credit if People abuse your cars, smoke in it, get tickets under your name and hide it, they wear out your car and diminish the value more that you ever get laid for, not even mentioning that turo grand more than1/2 your fees. When I get a cab they certainly do not add fuel cost or how about drivers health insurance to your fare.So many deceptive practices and such poor marketing as I rarely see any tv or magazine ads promoting Turo. Getting approved to drive and verifying your account - Turo For those who rent five cars the average annual income is $52,579. You may have taxable income if you unemployment benefits were more than $10,200, and that amount plus any other income is greater than your standard deduction ($12,400).