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Did you know about the advancement of car rental and the growth of the ride-sharing industry?
This is the right place to know about the ride-sharing business!
Dive into the trending world.
In the fast-moving world, everyone wanna travel quickly and fast from one place to another place. So the travel industry has grown rapidly after COVID-19 and the most advanced method is people started sharing their rides in the current year.
This advanced method is used via the Turo Clone App by many people who get the car rental service and this helps to share their rides with others to earn money. There are many taxi business like Uber that are too expensive compared to car-sharing business like Turo. This ride-sharing business is the most affordable and beneficial for users and riders.
We will see the detailed data of app like Turo below, scroll down.
What is a Turo Clone?
Turo Clone is a pre-tailored 100% customizable car rental booking solution that assists entrepreneurs in launching their car rental marketplace to kickstart their car rental business. Turo Clone App helps to develop the car rental app with low cost and quick launch to earn profit in the industry.
The ready-made scripts had a successful story which helped to reach the market easily and get the huge brand in a short time. The Turo Clone Script is designed with multiple features, functionalities, and techniques similar to Turo. An app like Turo to get convenient and effective clients to improve your car rental business. Clients can easily access the service via the application which helps to grow business for the business people.
Turo Clone Business Model Statistics and Success Story
Founder: Shelby Clark
Year of Foundation: 2009
Headquarters: San Francisco, California, United States
Industry: Car Sharing
Countries where Turo is available: More than 56 countries, including the United Kingdom, the United States, Australia, and France.
The car rental marketplace worldwide revenue reached $ 104.40 billion by 2024, with an annual growth rate is more than 3.52% predicted between 2025 and 2029, with a market volume result of US$ 125.10 billion by 2029. It will improve more than 60 countries, because of Turo’s growth and revenue in 2030.
Revenue Streams for a Car-Sharing Business Like Turo
There are many monetization options available in the car-sharing business, once you launch your app like Turo you can easily generate many costs from various factors. Those are followed below:
💰 Service Fees
This is the major source of income. To use the app, car owners and renters should pay service fees to the app holders. Usually, these prices are calculated as a percentage of the rental price. The price percentages are based on the types of vehicles, and insurance plans that are selected by the hosts and users, so it may be changed.
💰 Supplementary Fees
App like Turo charges for extra kilometers or guest add-on services. And, also added the luxurious car for additional charges for renting.
💰 Insurance Commissions
The Admin can even offer insurance for car owners and renters. Here, the admin collaborates with insurance providers to offer these benefits. So the Admin can get the fees from insurance and the renters and car owners. This is the best source of revenue for Admin. This fee is optional for the admin to earn extra income.
💰 Delivery Fee
Admin can charge the extra delivery fee when the renter wants the vehicle delivered to their desired location from the designated location.
💰 Young Drivers Fees
Admin can charge the special fee for adult drivers 18-25 aged in the United States and in the UK age group 18-24, so this is one of the additional income.
💰 Late Fee
Admin can get the additional fee for the rental period extended, so the car rental process should mentioned earlier to the renters about the late fee.
💰 Cancellation Fee
If the renter cancels the booking, you can get the cancellation fee to cover the booking operational costs and lost booking costs.
💰 Subscription Fee
Admin can charge the subscription fee for their users to access special services such as premium deals, customer support, and reduced commission rates. The subscription fee charge is fixed in the car riding platform for monthly and yearly subscriptions.
Features of White Label Turo Clone App
Renter App Features
📌 User Registration/Login
Users can easily register and log in using their phone number or social media account to access the app.
📌 Explore Vehicle Listings
Users can easily verify detailed information about the rental vehicle like images, availability time, features, and owner ratings and reviews.
📌 Booking Management
Users can choose dates for vehicle rental and book vehicles easily via the app. The renter can manage the booking process such as drop and pickup details, timings, kilometers, and places.
📌 Quick Search
The app supports clients in searching the vehicle’s availabilities depending on multiple factors like dates, rates, colors, vehicle types, locations, vehicle features, etc.
📌 Payment Options
Users can easily make payment for the vehicle rental via Cash, Credit Card, or PayPal with safety and security.
Car Owner App Features
📌 Booking Management
The platform helps the owner easily manage bookings like booking details, and profiles, rejecting or accepting booking requests, settings, and more.
📌 Vehicle Listing Management
Detailed information about each vehicle is displayed such as descriptions, extra features, images, rental cost, availability calendar, and more.
📌 GPS Tracking
GPS features are Integrated to track the vehicle places during rentals offering owners exact location updates of the vehicle’s locations.
📌Calendar Management
Calendar features allow owners to manage bookings, such as activating bookings, blocking dates, and pricing for additional features for dates.
Admin Panel Features
📌 User Management
The admin can manage all user accounts, including profile updates, sign-up, account blocking or termination if needed, and authentication.
📌 Payment Management
A payment management system that supports admins to check payments, refund process, reconcile financial records, and manage payout schedules.
📌 Dashboard
Admin gets full access to the dashboard including active listings, customer tickets, booking listings, total users, and more
📌 Offer Promo Codes
Admin can create promo codes for users to use after applying for trips or completing trips to attract more users.
📌 Booking Management
Tools for admins to check and manage bookings, schedules lists, handle disputes, solve conflicts between users, and reservation detail lists.
Benefits of OnDemand Turo Clone Script
The benefits available in our Turo clone script, few points are listed below:
✅ Customizable and Scalable
A whitelabel app like Turo meets business needs by integrating with effective third-party service to enhance add innovative features, and change pricing structures and functionalities.
✅ Cost Effective and Quick Launch
A Turo Clone Script with a pre-tailored car-sharing software solution that saves time and investment in building a Turo-like Car-sharing business platform rather than developing from scratch. Readymade scripts reach the market quickly and get more clients in a short time.
✅ Enhanced User Experience
A Turo clone script a flawless experience like instant booking, real-time communication, and secure payments that improve user satisfaction. The app is designed for both car owners and renters.
✅ Money Making Opportunities
The Turo clone app provides many income sources such as commission fees for rentals, and subscription fees for vehicle owners.
Top Rental App Development – Sangvish
I hope all the information is useful for your car-sharing business or to start a new car rental business now. This is the right time to start your business with minimum investments to get more revenue in a short time.
Sangvish Technologies Pvt Ltd is the Best Web Development Company that offers the best Turo Clone Script with cutting-edge features and functionalities with cost-effective solutions. Our developers are well knowledgeable and designed apps like Turo to meet the client’s business needs.
You can hire our developers to launch your own Turo clone app to start your car-sharing business at an affordable cost. Don’t miss this great opportunity to start your business, this is the time to become a billionaire.