Pros and cons of listing my Clarity on Turo | Fri Apr 29, 2022

Income streams experiments, resources, and ideas,Posts on my experiences with using Turo to rent out my cars

I’m thinking out loud the pros and cons of listing the Clarity on Turo. I have a 2019 Honda Clarity plug-in hybrid I use as my daily driver, highway roadtrip vehicle.

Turo logo

Cons

There are more than a handful of disadvantages to loaning out the Clarity via Turo:

• It’s a plug-in hybrid, and I anticipate battery charging will be too complex for my average Guest.
• It’s harder to maintain a clean interior because it’s the car I ride the kids inside of for 7 hours every other weekend.
• It’s a larger than average size car in length and width, and I would likely get a lot of body damage especially on the wheels.
• I would severely overprice the daily rate — likely $80-$90 per day.

Pros

The advantages are basic:

• I’d earn more money — if the Clarity would be reserved for 75% of each month, it could net almost.
• I would be able to make the Clarity unavailable on days I need it like visitation weekends with the kids.
• I would likely earn enough money to cover any Ubers I would need to take on rare occasions.
• I will be able to sit a max length of days a guest can rent the Clarity.
• I would not offer unlimited miles meaning I would care of the miles at a reasonable amount per day like 300 miles/day. I would charge additional miles on the higher end of cents per mile range — like 0.28–0.30 cents/mile for each mile driven over.
• The Clarity is a luxury class car, and that would justify the high daily rate I’d ask.
• My Turo reputation from reviews and ratings would help the Clarity get booked for Trips.

At the moment, I don’t have the mental bandwidth to put the Clarity out there to see what happens. I like the idea, but I need a little cash in-hand to get the Clarity cleaned up. I’d also need that car cleaned up so I can post photos.

There are just a few logistical things I need to get done before I start the experiment. For now, I’m just thinking out loud.