Turo Profit Calculator

Formula

The formula to calculate the Turo Profit (Pt) is:

\[ \text{Pt} = \text{RR} \times \text{D} - \text{TC} \]

Where:

$\text{Pt}$ is the Turo profit ($/month)
$\text{RR}$ is the average Turo rental rate ($/day)
$\text{D}$ is the average number of days rented per month (days)
$\text{TC}$ is the total cost of car loan and maintenance per month ($)

What is Turo Profit?

Turo profit is the net income earned from renting out a car on Turo after accounting for the total costs of car loan payments and maintenance. This calculation helps car owners determine the profitability of listing their car on Turo.

Example Calculation

Let's assume the following values:

Average Turo Rental Rate (RR) = $50 per day
Average Number of Days Rented per Month (D) = 20 days
Total Cost of Car Loan and Maintenance per Month (TC) = $600

Using the formula:

\[ \text{Pt} = 50 \times 20 - 600 = 1000 - 600 = 400 \]

The Turo Profit (Pt) is $400 per month.