How To Build A Car Rental App Like Turo?

With the increasing popularity of peer-to-peer car sharing among people, it’s high time to build an app like Turo.

It is evident that the ride-sharing market is one of the largest in the world.  In 2021, the market was worth $1,593 million which is expected to grow to $ 7,225.2 million by the year 2030.

In addition to this, the in next five years, i.e. by 2027, the total users of P2P car rental users are expected to be 0.62 billion.

The best part is, most of the business for car rentals comes from online modes. And what better car rental app to discuss than the popular “Turo” itself?

It has inspired a lot of other apps like Turo. And If you want to build your own car rental app, well, well,  this blog is for you.

Here, we shall be discussing everything you need to know about car rental app development. With this said, let’s get right into it:

Turo: Peer-to-Peer Car Rental App

Did you know that Turo has over 10 million registered users and operates in over 5,500 cities worldwide?

Turo was founded in 2010 by Shelby Clark. It is headquartered in San Francisco, California, United States. And today, it is one of the largest Peer-to-peer car rental apps.

For those who aren’t familiar with the concept of p2p car rental, it’s like AirBnB for cars.

What happens here is Turo works as an aggregator where people can put up their cars and users can rent them out. Hence the name, peer-to-peer car rental.

In this way, it differs from taxi booking app development.

The success story of this car rental app has inspired many other apps like Turo. ( we shall be discussing this later down the line).

Meanwhile, let’s look at how this car rental app like Turo work.

How to Do Peer-to-Peer Car Rentals Work?

Much like its sister niche, the taxi booking app, the peer-to-peer car-sharing platform is also very easy to use.

So, if you are wondering how peer-to-peer car rentals work, here’s the process:

Step 1: Create an Account

To get started, you need to create an account on the Turo website or app.

Once you have registered, you can search for available cars in your desired location. Turo has a vast inventory of cars, ranging from economy cars to luxury vehicles.

Step 2: Book a Car

After selecting the car you want to rent out, you can book it online.

The owner of the car will receive the booking request and can choose to accept or decline it. As such, here you need to share details like the duration of the rental, your ID proof, and so on.

If the owner accepts the booking, you will receive a confirmation email with the details of the rental.

Step 3: Pick Up the Car

On the day of the rental, you will meet the owner to pick up the car.

Turo offers several options for pick-up, including delivery to your location.

Before you drive off, you will need to inspect the car for any damage and take photos to document its condition.

Step 4: Drive the Car

During the rental period, you are responsible for maintaining the car in good condition and returning it at the end of the rental period.

Turo offers a comprehensive insurance policy that covers the car and the renter, giving you peace of mind as you drive.

Step 5: Return the Car

When the rental period is over, you will meet the owner again to return the car.

The owner will inspect the car for any damage and confirm that it is in the same condition as when you rented it.

If there are any issues, Turo will handle the dispute resolution process and ensure that both parties are satisfied.

The best part is the turo car rental makes it easier. It has features like online payment integration, in-app chatting, customer support, etc.

Moving on, now that you know how apps like turo work, it’s time to learn about turo car rental business model.

Turo App Business Model

So, what’s the turo app business model? how does it make revenue?

Being one of the best car rental apps, the platform has a unique business model. And there are several different ways, these platforms create a revenue stream.

If you are someone who wants to build an app like turo, it’s a good idea to learn about these. Here’s an insight into the turo business model:

• Car owners list their cars on Turo: Car owners can list their cars on Turo’s platform, setting the price and availability of their vehicle.
• People rent the cars: Renters can browse through the available cars on Turo’s platform and choose one that meets their needs.
• Turo handles the logistics: Turo handles all the logistics of the rental, including insurance, payment processing, and customer support.
• Turo takes a commission: Turo takes a percentage of the rental fee as its commission.

Turo Revenue Model

Done with the turo car rental business model, let’s look at the different monetization strategies of this peer-to-peer car rental application.

• Advertisement: the platform shows third-party advertisement as well as their own paid promotion.
• Premium Subscription: much like other top apps in today’s time, the platform offers a premium subscription with extra features.
• Paid Services: the platform provides a number of paid services like roadside assistance.
• Partnership With Large Companies: well, it’s safe to turo has partnered with a lot of large corporations providing them with car rental services.

 Should You Build An App Like Turo?

Now that we know all about peer-to-peer car rental apps’ work, the turo app business model, and its revenue strategies, it’s time to ask the big question.

“Should You Build An App Like Turo?”

Well, the answer is simple, a BIG YES!

The car rental market, especially in the USA is worth billions. And the best part, by 2027, 72% of the revenue will be coming from online sales i.e. websites and mobile apps.

But this isn’t the only reason to create a car rental app. Here are some more:

Growing Demand For Peer To Peer Car Sharing

The statistics clearly show the growing demand for peer-to-peer car sharing and car rental. And this demand is only going to much larger in the future.

So, by building a car rental app like Turo, you get a head start and become one of the big names in the future.

Opportunity To Earn Millions

P2P car rental app development lets you tap into an industry worth billions. And who doesn’t want to make that much money?

Well, if you do, consider creating car rental apps like Turo.

Competitive Advantage For Car Rental Businesses

There are a lot of car rental businesses in the USA and these business owners forms the majority of the audience looking for making car rental apps.

If you are one of them, yes you should create one, it’s a good idea! Let us tell you why: you see, by creating an app that helps you take your business to customers, you can reach millions of customers.

Even if you are able to capture a percentage of these customers,  you will be doubling your revenue.

These are the reason to build an app like turo. And with this out of the way, let’s look at the features to include in car rental app development.

Feature To Include In Car Rental App

Building an app like turo for your business? Here are some of the top features that you should include in your app to boost customer retention:

With this out of the way, let’s look at the process to build an app like turo.

Guide To Build An App Like Turo

Creating an app like turo isn’t exactly rocket science. But there are certain steps that go into car rental app development.

In any case, let’s look at the step to do so:

1. Come Up With An Idea

The first thing you need to do is muster up an idea.

You have to do it on your own, for obvious reasons. And the single most important step of the process.

Plus, it is also recommended that you work with more than one idea. Reason is that it will give you backup plans to fall back to.

2. Market Research

Once you have an idea for mobile app development, it’s time to conduct market research.

Here, after you collected all the necessary information, it’s time to get a development partner in the next press.

3. Hire App Developers

It’s time to hire mobile app developers.

Now, there are a few things that you can do. These are, as mentioned below:

• Hire freelancers
• Assemble in-house team
• Outsource to a mobile app development company

Now, selecting the right company is very important. So, be careful here.

4. Planning

With a development partner by your side, it’s time to plan out car rental app development. Here are a few things that you need to take care of:

• Choose an app development platform
• Build a tech stack
• Create a roadmap for developers

After this is done, we can start designing and developing the platform.

5. Car Rental App Designing

UI/UX design is one of the most important parts of any app. After all, the first impression is the last impression.

In any case, a design should speak for your business, be easy to use, but still attractive enough. With the right design, your turo-like car rental app can capture customers.

6. P2P Car Rental App Development

This is the part where you build an app like turo. The developers write the car rental app source code and create the final version.

Consequently, it is one of the longest and most time-consuming steps of the entire process.

7. Testing

Though testing goes on during the entire development process, once the final turo app is created, it’s time to test it for one final time

Mobile app testing holds great importance in making sure it is up to the market standard and client demand.

8. Deployment

With all said and done, it’s time to launch your app like turo and capture the market. But the work doesn’t end here.

9. Market The App

Once the app is live, it’s time to start marketing it.

Mobile app marketing strategies can help you provide leverage to the platform.

This is how you create an app similar to Turo. And with this done, let’s learn about how much this entire venture is going to cost you.

Car Rental App Development Cost

So, how much does it cost to build an app like Turo?

Well, car rental app development cost depends on factors like complexity, features, platform, and so on. But the average ranges from $15,000 to $65,000.

If you want to learn more about it, we recommended that you consult a mobile app development company.

How You Can Build An App Like Turo & Make Generate Revenue?

What if we tell you, you can build an app like turo and generate A LOT of revenue? With the right monetization strategies that are.

So, here are some of the most common monetization strategies that you can use in your own car rental app:

• In-App Advertising
• In-App Purchases
• Freemium Model
• Subscriptions
• Sponsorship
• Affiliate Marketing
• Selling User Data

Conclusion

With the increasing popularity of peer-to-peer car rental apps, it’s high time to build an app like Turo.

So, if you are someone who wants to create a car rental app, it’s the right time. But there are some things that you need to keep in mind.

For instance, hiring the right developers, choosing the right features, and maintaining good communication during the car rental app development.

Moving to the cost, it highly depends on various factors, so an app development company will be able to give you better insight into the same.

FAQ

Niketan Sharma

Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.