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Peer to peer car sharing is a great way to earn money by renting your personal vehicle to those who need it.
It is definitely a win-win approach for both car owners and travelers, as first get money, and second get an adventure. Add also significant traffic reduction, lower pollution, CO2 emission decrease, and other ecological benefits to all this stuff.
The car sharing market is still in development stage, especially in European countries.
what is a Turo?
Turo is an online application of car booking system for car rentals, by using this application you can view all the vehicles availability for the trip and also for your personal use. Turo is an end to end car rental service where you can book your car whenever you need across multiple cities in USA, UK and Germany. Based on their usage they can use vehicle like sedan, hatchback and suv. Over 200000 vehicles are listed in the world.
Selecting cars based on your trips
- Select the car based on your requirement
- Book the car directly without any broker between
- Get use of car delivery.
Business opportunity based for investors
- Tag your car for services in Turo
- Share you space for parking for and get discounts on your trips
Planning a vacation is very expensive these days. You need to plan for every this where you need to go what is the distance and cost finally by using a cab or self-drive car? Depending upon your need by an own car might be expensive for you. So company like Turo provides vehicle for self-drive.
Best Car Rental Websites
Turo is a pioneer of a car rental marketplace. It allows you to rent a car anytime and anywhere from a supportive local community of car owners. Turo is available in 2500+ cities and 300+ airports throughout the United States.
It is a great example of how a small startup can turn into a large peer to peer car sharing marketplace with $97 Million funding.
Without doubt, Turo remains the most popular car sharing marketplace available in over 4,700 cities across the US, Canada, and the UK. Here is how it works.
How Does Turo App Work?
If you want to develop an app like Turo, you have to know the basic business model of car sharing apps. Let’s dive deeper into it.
Describe your car (enter the year, model, transmission, and odometer info).
Add your personal photo and photo of your car Turo automatically sets the car`s rental price based on market value, location, season, and other data. You can also do it manually.
Put the available dates of the rent on a calendar.
Get notifications when someone wants to book your car.
Meet with your guest, check the license, together check your car, and hand over the keys.
After the trip, pick up your car and make sure that everything is in order.
You can also leave a review about the traveler.
What Is Important To Remember
Turo provides car owners with $1 million liability insurance policy that protects your car against damages during the rental period. Moreover, before renting a car you should take photos of each vehicle’s angle and check it before and after the rent. You can read more about insurance policy here.
Turo screens each traveler by gathering the following information: driver’s license information, payment card information, auto insurance score from a consumer reporting agency. Additionally, the trip’s scheduled start and end times must be approved via the system.
Enter location, travel dates, and price to see the list of cars. You can also choose more filters such as vehicle type, vehicle makes, category, color, transmission, etc.
- Book the car
- Meet with driver
- Enjoy the trip
In order to make a car rental website, you need to choose the right features that will make it user-friendly and convenient.
Choosing the Right Set of Features for Your Car Sharing App
Here are the main car app features you may need.
- Registration via Facebook or Gmail
- Find a car by your current location or apply different filters
- View the available cars on the list or on the map
- View the information about the car
- Book the car
- Add to favorites
- Read reviews
- List a car
- Calculate the market value of your car
- User profile
Peer to Peer Car Sharing Business Model
The business model of most car sharing apps is optimizing the available cars instead of buying new ones. Usually, car sharing apps take a percentage cut from the car rent price.
This is actually the concept of sharing economy, where car owners share not only their car, but also the revenue from its rent.
What You Should Know to Build a P2P Car Rental Marketplace?
Provide a safety
No one will use your app until they are confident in the safety of sharing a car with an unknown person. Incorporate driver`s scanning into your app. The system must check the driving license and driving history in order to identify a person. Include reviews and logging-in via social media networks. This all will help you to build a community of responsible drivers and car owners that trust each other!
Work with insurance
Providing your users with insurance should be your first priority. Usually, peer-to-peer sharing companies partner with car insurance suppliers, as your ordinary car insurance policy will not allow you to rent your car out on a peer-to-peer marketplace.
Offer a value
One of the benefits of P2P car sharing is that a car owner can recover a portion of his or her monthly vehicle expenses. Car owners that use your app should get a profit from it. For example, Turo does take 25% of revenue from every rental but that covers insurance and the cost to list cars on the app. The rest is given to the car owner.
How much does it cost to build a peer to peer car rental app?
If you want to build a car sharing marketplace, first of all think about your mission. Remember this all is not about what you make, but about why you make it. The best idea is to contact a mobile app development specialize in iOS/Android app development and share your needs and business goal. Do you know exactly what would you like to achieve by creating such app? In what way would you like to conquer with Turo bearing in mind that your app is similar?
With online booking systems and modern, convenient and easy-to-use mobile apps, the car rental industry is now a win-win for car owners and business travelers alike. ‘Get the desired result of mobility.
Cost of car Booking Apps Depends upon the platforms and several features like UI/UX, location, quality and its priority we need to estimate. To create an application, you need a technical team for Car Rental Mobile App Development. You can engage such companies to create, maintain, and periodically update your mobile application.
Turo works as a private car rental company and such a business model, the owner of the car hands over the car to the user, who uses it for a given period and returns it to the owner. The application comes with several features to make it easier to use and more attractive.
The beauty of application creation lies in the fact that these applications are very similar to existing online taxi service applications such as Uber and OLA can be easily transform and modify, as per your needs and specifications.
Future Work Technologies is the best mobile app development company having a good reputation in developing apps for iPhone and Android Phones. The total cost of self-driving car app can cost you up to $10000-$15000 for a less featured app it will differ based on the quality and requires features. In addition, it depends on where the application is being developed and after examining the different parameters.
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