Car rental marketplace Turo announced today it will launch in Canada, marking its first expansion outside of the US.
Empowering Canadians to turn their idle cars into earnings engines, Turo is the first peer-to-peer car rental company in Canada.
Putting Canada’s 23 million vehicles to better use, Turo says it allows car owners to offset the cost of car ownership by renting their idle vehicles to pre-approved travellers, while helping travellers find the perfect vehicle for their next adventure.
Cars rented on Turo typically cost 30 per cent less than traditional car rentals and car owners can expect to earn an average of $500 per month.
Members of the Turo community pay no membership fees, and each trip is backed by Turo’s leading trust and safety protections.
“This is a significant milestone in our history; our first international launch and the opportunity to make car ownership in Canada more accessible and to inject value, convenience and personality into travel,” said Turo CEO, Andre Haddad. “The average compact car costs $9,500 per year to maintain. For the first time, Canadians can now turn this idle asset into an earning engine that fuels traveller’s adventures.”
Turo currently operates in Alberta, Ontario and Quebec and will expand its marketplace nationally.
Turo founded in 2009 and headquartered in San Francisco, has grown to operate in over 2,500 cities and 300 airports in North America and has safely facilitated over one million rental days to date.
The average active US member makes $600 USD per month renting out a car in the marketplace, according to the company.