Estimate monthly Turo take-home and net profit from your daily rental rate, booked days, host share, and monthly car costs as a host.
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)
