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

Related Content

  • The importance of going with the flow
    April 6, 2018
    Ensuring worker safety and up-to-date driver information is crucial to ensure that roadworks are not a source of danger and delay. Andrew Williams looks at a scheme on the A14 in Cambridgeshire, UK. In recent years, portable workzone ITS solutions have emerged as important tools in the management of major roadworks and system upgrade projects - and are viewed as an increasingly vital means of ensuring any ongoing traffic flow disruption is kept to a minimum. The technology forms a central component of an
    Read More
  • Cost Benefit: the economic case for cycling
    August 20, 2019
    Cycling is good for us for any number of reasons. David Crawford finds that it is now possible to access basic, low-cost data which will help make the economic case for improving infrastructure Cycling is enjoying a favourable press the world over as a ‘good thing’ in the economic, environmental and social spheres. A recent study on the Value of Cycling from the UK’s University of Birmingham, for example, shows that cycle-friendly urban settings can deliver annualised transport infrastructural support co
    Read More
  • Adaptive control reduces travel time, cuts congestion
    January 20, 2012
    Situated in San Diego County, California, the growing city of San Marcos has seen its population increase by 53.5 per cent since the turn of the century. Although this dramatic population increase has spurred economic growth bringing new business, homes and opportunities to the city, it has also increased traffic congestion along its central corridor, San Marcos Boulevard. This became the most congested arterial in the city, and, by 2006, the second-most travelled corridor in San Diego County.
    Read More
  • UK well positioned to benefit from autonomous lorries, says Inrix
    September 24, 2018
    Driver shortage, commercially-viable roads and Brexit uncertainty position the UK to develop and benefit from autonomous freighting, says Inrix. The analytics company's latest report has identified the A1 from Sheffield to Edinburgh as the most suitable corridor for testing highly automated vehicles (HAV). The Inrix Automated Freight Corridor Assessment reveals the next best-suited corridor is the M5/A38 from Plymouth to Birmingham, followed by the M4 from Swindon to Swansea.
    Read More

Highlighted Content