Turo is known as the Airbnb of car rentals. It works like this: One individual owns a car. Another wants to rent it. Turo puts them together. russ1mitchell on his experience using Turo:
Porsche’s eighth-generation 911 is stylistically familiar, but performance is impressively new.
The companies launched their services a decade ago, placing a bet that “peak car” had been reached and new mobility services were necessary to make up for a decline in the auto business. But automobile sales reached record highs over that time, and the services turned out to be money losers. One advantage Turo and Getaround have is that, while automakers limited app-rental choices to their own models, the upstarts can offer any make or model that owners want to post.
It’s impossible to know how many Turo owners are using the service that way. My Tesla owner, Dang, said, “I’m not doing this to pay off the Model 3.”Advertisement
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