Until a few years ago, it was unthinkable to let someone you don’t know borrow your car for a day, a weekend or a whole week. It’s becoming more common thanks to car-sharing platforms like Turo and Getaround. These apps allow private drivers to earn a little extra cash by giving other drivers an alternative to rental companies.
Allowing another driver to take the wheel is a big decision for owners, so understanding the best company to work with is crucial. For renters, Turo’s cars may be slightly older and have more kilometers than Getaround cars, but they may be more affordable. If we caught your attention with this new fad, learn more about these companies.
Turo has been around since 2010 and was previously called RelayRides. The company launched nationwide in 2012 and was renamed Turo in 2015. Headquartered in San Francisco, Turo also operates in certain Canadian provinces and the United Kingdom.
Getaround was founded in 2009 in San Francisco, where it is headquartered. The company launched its car-sharing service in 2011 and in 2019 absorbed Drivy — a European car-sharing startup — in an effort to increase its international presence.
Owners
You will find a lot of similarities when you rent a car on Turo or Getaround. For example, both companies thoroughly vet renters before renting, owners can choose where to pick up the rental, and each offers a way for renters to unlock the vehicle using an app. The possibility of unlocking the lease with the app is possible with professional installation of hardware in the car. Each company offers its own hardware version and price (more info below). This is a nice feature because owners don’t have to meet with renters to hand over the keys. Below we outline how each service differs for landlord owners.
Vvehicle requirements
Turo’s website provides a list of requirements that potential rental cars must meet to be a Turo car. For example, the vehicle must be 12 years old or less (unless it is a classic or specialty vehicle), it must have less than 130,000 miles, and the ownership must be clean. Turo also does not allow caravans, motorcycles and large vehicles with more than eight passengers. All the details are on Tur’s website.
Getaround’s requirements are a bit stricter as vehicles must be at least a 2010 model year and have less than 125,000 miles. A clean title is also required. The company also states that the rental must be a private passenger vehicle with at least four wheels and eight seats or less. Visit the Getaround website for full details.
charge
Listing on Turo is free, and optional installation of Turo Go hardware costs $190, but does not currently require a subscription. However, Turo charges fees like $25 to file a damage claim or $200 if owners falsely list their vehicle.
After the first 90 days, Getaround charges a $20 subscription fee and a one-time $99 fee for the required hardware installation. Like Turo, Getaround can charge owners fees for things like canceling a rental trip and filing a claim.
Percentage earned
With Turo, depending on the chosen vehicle protection plan (Basic, Standard or Premium), owners keep 85%, 70% or 65% of the rental price. The Basic plan provides the least coverage and owners retain 85%, while the Premium plan offers full coverage but owners retain 65% (see the Insurance section below for full details). Getaround landlords keep a fixed rate of 60% of the rental price.
Availability
Turo is available anywhere in the United States, including Alaska and Hawaii. Getaround is limited to more than 100 cities in North America. Most of the cities where the service operates are located in California, New Jersey and Massachusetts.
Hardware installation
Turo Go hardware installation is completely optional and only available in Los Angeles, San Francisco Bay Area, San Diego and some Canadian provinces. Most vehicles manufactured after 2012 are eligible for Turo Go, and the hardware must be installed by a professional. Certain vehicles are also eligible for Turo Go Digital; this feature uses the car’s existing connected software to unlock the car, so no hardware installation is required.
In order to list a car on Getaround, the Getaround Connect hardware must be installed. Like the Turo, the owners cannot do it themselves, the vehicle has to be taken somewhere for installation. Getaround Connect is available wherever Getaround operates and must be used for all rentals.
Insurance
Turo has up to $1 million in liability through Liberty Mutual and offers owners three damage protection plans. The basic damage protection plan covers 20% of the first $3,750 of damage costs, and then 100% of further costs. External wear and tear is not covered. The standard plan pays 100% of any damage incurred, but external wear and tear is not covered. The premium plan has both: 100% damage compensation and external wear and tear is covered.
Getaround offers $1 million in liability through Broadspire. The company’s protection plan covers 100% of the damage incurred when renting the vehicle, but does not cover external wear and tear or minor damage.
Setting limits on rental price and mileage
Turo allows owners to set their own rate and mileage limits. Turo can also recommend a price for owners who don’t want to set their own. Getaround automatically sets the rental rate for owners using an algorithm developed by the company, but can be customized by owners. Getaround does not allow owners to select mileage limits because renters have set limits (see “Distance Limit” below for more information).
How much the owners can earn
Tur’s website currently claims owners average $706 per month. Getaround’s claim on their website is more vague, stating that owners can make “thousands” in a year.
Who can rent Turo and Getaround vehicles
Anyone with approval can rent through Tura, except ride-sharing drivers, including Uber and Lyft drivers. Renters who wish to use a Turo vehicle for ride sharing must request permission in advance from the Turo Legal Department. Like Tur, anyone who qualifies can rent through Getaround, but unlike Tur, certain Getaround owners in certain cities can rent to Uber drivers if they choose thanks to a partnership with Uber.
Reviews of renters
Turo has two-way reviews, meaning that both owners and renters can review each other after the rental is complete. Currently, Getaround users cannot leave reviews for renters or owners.
Renters
Renting a car from any company is easy through their app or website and requires no subscription. You simply enter the dates you need, add the filters you want, and a list of vehicles in that area will appear (if available). The checkout process is also simple and requires a credit card. Both companies offer a large selection of cars; however, Turo offers classic cars, while Getaround does not.
Eligibility to rent
No one can rent from Tur or Getaround; there are requirements and a background check. For example, the minimum age is 18 for Turo and 19 for Getaround. Speaking of age, it’s important to know that both companies charge a fee for drivers under the age of 25. Also, renters must provide driver’s license information and, with Getaround, their social security number for a background check. This is done so that each company can provide safe and responsible landlords to landlords.
Price
When comparing prices in the Los Angeles area on the same days and with nearly identical vehicles (both 2015 Kia Souls), the Turo appears to be slightly cheaper. For example, a two-day rental with the lowest damage protection plan was $91.52 on Tur and $128.39 on Getaround. A five-day rental with the lowest protection plan was $221.76 on Tur and $261.16 on Getaround. The smallest damage protection plan on Getaround is free, but since the daily rental price was lower on Turo, it was the more affordable option in these two examples.
With the Premium Protection plan for the same two-day rental, the price jumps to $138.02 for Turo and $164.25 for Getaround. But things change on a five-day trip with a premium protection plan, as Tur’s top plan is much more expensive. On Turo, the trip price is $338.01 and Getaround is now lower than Turo at $327.90. Both companies offer very similar damage protection plans to renters.
When looking for the right rental car, Tur’s system has some advantages over Getaround’s. On Tur, renters can sort by price, and the system displays owner reviews. This is not the case with Getaround. Also, Turo displays the daily rental price before check-out; Getaround aggregates the cost of the rental into one price, which forces you to do the math.
Protection against damage
Turo and Getaround have three levels of renter damage protection plans that are very similar. The lowest (and cheapest) plan for both companies makes the renter responsible for up to $3,000 in damages. The mid-level plan for Turo will hold the renter responsible for $500. Getaround’s is $250. Renters are not responsible for any damage with the premium (and most expensive) protection plan for Turo and Getaround.
Length of rental time
You can’t rent by the hour with Turo, but you can with Getaround. This is where Getaround has a big advantage if renters want a car for less than a day.
Number of cars
When we searched the Los Angeles area, both apps found more than 200 vehicles for rent. It was a similar case in Washington, DC — both found about 150 rental vehicles when we checked. But in Miami, Getaround found only about 30 cars compared to over 200 at Tur. In Dallas, Turo had about 60 rental cars, while Getaround had none because they don’t operate there or anywhere in Texas.
Distance limitation
Distance limits are different on Tour as owners can set them themselves, including an unlimited number of miles. The smallest I’ve seen is 150 miles per day, but 200 miles per day seems to be the most common. But if Tour renters want unlimited miles on a restricted car, they can pay extra. Getaround has a limit of 20 miles per hour, up to a total of 200 miles per day. Renters can add additional miles, but for a fee.
Availability
Availability for renters is no different from the owner section above. Turo is available nationwide, while Getaround is currently limited to just over 100 US cities.
Use of shared rides
It’s not common for rideshare drivers to rent a Turo car because you have to ask their legal department for permission. Additionally, there are other car sharing apps that cater to ride sharing drivers. The use of Getaround vehicles is possible for Uber drivers thanks to a partnership between the two companies, but is limited to San Francisco, Los Angeles, San Diego, Philadelphia, Washington DC, Boston, Denver, Atlanta and Portland.
Owner reviews
As mentioned in the owners section above, you cannot leave reviews on the vehicles you rent through Getaround. Turo allows owners and renters to review each other.
Editor’s recommendations
Categories: GAMING
Source: newstars.edu.vn