Enter the total cost of the car loan and maintenance per month ($), the average Turo rental rate ($/day), and the average number of days rented per month (days) into the calculator to determine the Turo Profit.

- All Profit Calculators
- Rental Car Cost Per Day Calculator
- PIPS Profit Calculator
- Home Sale Profit Calculator

## Turo Profit Formula

The following formula is used to calculate the Turo Profit.

Pt = RR * D - TC

- 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 (days)

To calculate a Turo profit, multiply the average rental rate by the rental length, then subtract the total cost of the car per month including loan payments and maintenance.

## 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 – TC

Inserting the values from above yields:

Pt = 150 * 10 – 1000 = 500 ($/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 – 750 = 1250** **($/month)