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

  • AV technology ‘could reduce congestion’, says Australian minister
    February 26, 2019
    Congestion costs would drop by more than a quarter if automated vehicles (AVs) account for 30% of kilometres travelled, says Alan Tudge, Australia’s minister for cites urban infrastructure and population. Speaking at the Australia-New Zealand Cities Symposium in Sydney, Tudge revealed findings from the Bureau of Infrastructure, Transport and Regional Economics. “They estimate it would drop from $37 billion of avoidable congestion to $27 billion,” Tudge says. A 30km freeway journey in Melbourne has increas
    Read More
  • Dundee trial offers insight into delivering MaaS in smaller urban and rural areas
    March 27, 2018
    A MaaS trial in Scotland will evaluate the attraction of such services for young people living in small cities and rural areas. Colin Sowman reports. It is often said that Mobility as a Service (MaaS) is fine in big cities - but what about smaller towns and rural areas? Well, the city of Dundee in Scotland has only around 150,000 people but is set to provide some answers with its trial of NaviGoGo, a MaaS operation aimed at 16-25 year olds – be they students, working or unemployed. By population, Dundee
    Read More
  • IBTTA: industry must commit to trust and accountability
    August 23, 2018
    Without a commitment to trust and accountability, the modern road tolling industry would not have the bedrock which it requires – and which customers demand, says IBTTA’s Bill Cramer When Tim Stewart, executive director of Colorado’s E-470 Public Highway Authority, settled on ‘trust and accountability’ as the themes for his year as IBTTA president, it was a very deliberate choice. Stewart was looking for language that would help deliver the global tolling industry’s message of service excellence to cust
    Read More
  • Just Zip it! Lindsay takes to the road
    October 10, 2018
    Greater vehicle connectivity is going to have huge implications for traffic management. David Arminas climbed aboard a Lindsay Road Zipper to see what this might mean in future As vice president of barrier specialist QMB Canada, Marc-Andre Seguin is sanguine about the future for moveable barriers. On the one hand, it looks good. The oft-stated advantage of moveable barriers is that the systems are cheaper to install than adding a lane or two to a highway or bridge. Directional changes to lanes can boost
    Read More

Highlighted Content