Estimate how much you can make on Turo each month from your daily trip price, booked days and host plan share, with net profit after car costs.
Turo Profit Formula
The following formula is used to calculate the Turo Profit.
- Where Pt is the Turo Profit ($/month)
- TC is the total cost of car loan and maintenance per month ($)
- RR is the average Turo rental rate ($/day)
- D is the average number of days rented per month (0–31 days); S is the host share percentage of trip price from your Turo earnings details.
Multiply average daily trip price by booked days and by host share as a fraction, then subtract entered monthly costs. This estimates net cash flow after those costs; loan principal is a cash outflow, and taxes, depreciation and labor are not automatically included. Turo shares vary by market, earnings plan and booking lead time; use your actual or weighted average share rather than an assumed plan label.
How to Calculate Turo Profit?
The following example problems outline how to calculate Turo Profit.
Example Problem #1
- First, determine the total cost of car loan and maintenance per month ($). In this example, the total cost of car loan and maintenance per month ($) is given as 1000.
- Next, determine the average Turo rental rate ($/day). For this problem, the average Turo rental rate ($/day) is given as 150.
- Next, determine the average number of days rented per month. In this case, the average number of days rented per month is found to be 10.
- Finally, calculate the Turo Profit using the formula above:
Pt = RR * D * (S / 100) - TC; assume an illustrative 80% host share for both examples below.
Inserting the values from above yields:
Pt = 150 * 10 * 0.80 - 1000 = 200 ($/month)
Example Problem #2
The variables needed for this problem are provided below:
total cost of car loan and maintenance per month ($) = 750
average Turo rental rate ($/day) = 100
average number of days rented per month = 20
Entering these values and solving gives:
Pt = 100 * 20 * 0.80 - 750 = 850 ($/month)
