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

  • Options abound for road weather sensing
    September 6, 2017
    Meteorological organisations invest millions in super-computers to crunch data for ever-more accurate forecasts but inherent unpredictability means that other methods of alerting drivers and road authorities to fast-changing weather and highway conditions are essential. For years, static weather sensors to measure factors such as surface water, ice or high roadway temperatures have been embedded in highways to provide such data. But that is changing.
    Read More
  • Drunk driver can sue power company for accident
    August 16, 2013
    The Washington State Supreme Court has ruled that a drunk driver and her passenger can sue the county and a utility company for a 2005 car crash, overturning a lower court's decision in a case involving a 2005 crash. The Supreme Court ruled that government entities have a duty to ensure roads are reasonably safe for public travel, even if the driver is at fault. The controversial decision means cities, counties and utility companies can be held liable when faulty road designs lead to injuries in car crashes
    Read More
  • AVs need to be ‘100 to 1,000 times better than humans’, says Intel
    January 14, 2019
    Autonomous vehicles (AV) need to have a robotic system which is better than a human driver, because society will not accept machines killing people, according to Intel. Speaking at the Consumer Electronics Show 2019 in Las Vegas, Intel senior vice president Amnon Shashua said AVs probably need to be 100 to 1,000 times better than the human experience - which presents the question of how to validate such a system. “When you do your calculation, the amount of data you need to collect to verify somethi
    Read More
  • 5G ‘could help reduce fatalities’ on Dutch roads
    June 6, 2019
    New tooling offered by 5G could help lower casualty rates on Dutch roads, says the ministry of infrastructure and water management in the Netherlands This is one of the main messages at 5G and mobility – a match made in heaven? at the ITS European Congress in Eindhoven, Netherlands. Caspar de Jonge, directorate-general for mobility and transport, said: “We have seen our casualty rate climbing over the last few years to 650 fatalities to Dutch roads every year and that’s unacceptable.” However, Jong
    Read More

Highlighted Content