Drivers ‘could make £500 a month’ via peer-to-peer car rental, says Turo

UK drivers could earn £500 a month by making their idle vehicle available to renters on Turo’s peer-to-peer car-sharing service, the company says. Turo carried out a poll of 2,000 UK motorists which revealed the average Brit spends under nine hours a week behind the wheel. UK drivers also leave their car unused for three days each week, the company adds. Xavier Collins, Turo’s UK director, says many drivers spend a small fortune on cars but never realise their full potential. “For the vast majority of
November 12, 2018 Read time: 2 mins
UK drivers could earn £500 a month by making their idle vehicle available to renters on Turo’s peer-to-peer car-sharing service, the company says.


Turo carried out a poll of 2,000 UK motorists which revealed the average Brit spends under nine hours a week behind the wheel.

UK drivers also leave their car unused for three days each week, the company adds.

Xavier Collins, Turo’s UK director, says many drivers spend a small fortune on cars but never realise their full potential.

“For the vast majority of adults, their car sits unused for most of its life. All the time it is unused, it could be earning money and repaying that investment,” Collins adds.

Findings show the average UK driver’s car is worth more than £14,000 and costs a further £1,118 each year in servicing, MOTs and upkeep.

Other findings show that 40% of UK drivers have gone two weeks or longer without using their car – with holidays being the most common reason.

Despite this, half of respondents say they would not allow anyone else to drive their car because of insurance issues.

Collins reveals the company has joined forces with financial services company 6027 Allianz to establish a comprehensive insurance cover to help provide security and peace of mind.

“Cars have, for too long, been our most depreciating investment but that doesn’t have to be the case anymore,” Collins adds.

In the US, 8262 Getaround has launched a similar car-sharing scheme in San Diego. The company says it expected drivers who subscribe to the service to earn more than $1,000 per month.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Drivers tricked with phantom insurance by spoof online fraudsters
    December 18, 2013
    NFU Mutual, the UK’s leading rural insurer is urging drivers to consider the risk of ‘ghost brokers’ when insuring their car online. Illegal middlemen, known as ‘ghost brokers’, using fake websites that look very much like the real thing, are targeting people looking for cheaper car insurance by offering them products that are non-existent. The fraudsters are posing as legitimate insurance brokers targeting those people who are more likely to consider cut price insurance to help save money. Accordin
    Read More
  • ITS Europe experts share mobility lab lessons
    June 4, 2019
    “Real problems” need to emerge in the development of an urban mobility lab before you can begin to find solutions, according to Raimo Tengvall, project manager of Forum Virium Helsinki. Speaking at this week’s ITS European Congress in Eindhoven, Netherlands, Tengvall shared lessons learned from the company’s Jätkäsaari urban mobility lab in the Finnish capital, Helsinki. “In the Jätkäsaari area we were having 80 million passengers going through a street network of a new residential area where there is a
    Read More
  • Danish study shows higher speed limits are safer
    February 25, 2014
    A two-year experiment by the Danish road directorate shows accidents have fallen on single-carriageway rural roads and motorways where the speed limit was raised. Since the speed limit on some stretches of two-way rural roads was increased from 80 to 90 km/h, accidents have decreased due to a reduction in the speed differential between the slowest and fastest cars, resulting in less overtaking. The slowest drivers have increased their speeds, but the fastest 15 per cent drive one km/h slower on average
    Read More
  • London more than twice over air pollution limit, says ClientEarth
    October 14, 2019
    Greater London is more than twice over the legal limit for air pollution levels in the UK, according to a study. Charity ClientEarth says the UK is failing to meet the legal limits of nitrogen dioxide pollution, where the annual average concentration level is 40µg/m3 (micrograms per cubic metre of air). Findings show London’s annual mean concentration of 89 µg/m3 is followed by South Wales (62 µg/m3), West Midlands Urban Area (58 µg/m3), Glasgow Urban Area (58 µg/m3) and Tyneside (54 µg/m3). The study f
    Read More

Highlighted Content