Get up to $10M in financing
Grow your business with financing created for Turo hosts in partnership with trusted lending partners. Car loans, lines of credit, TRAC leases, and refinancing, specifically for car sharing, are all available at competitive rates and terms!
Apply today
Qualifying US hosts can finance additional vehicles or refinance existing loans, with offers exclusively designed for car sharing.
Apply to any lenders that match your eligibility. Then, after you’ve pre-qualified, supply additional documentation to complete your application. If the lenders approve you for financing, you’ll review the rates and terms of your loan offer before accepting financing that works for you.
Registered business for 6+ months
Host on Turo for 1+ year
3+ vehicles listed when you apply
Minimum FICO credit score of 620+
Registered business not required
Host on Turo for 6+ months
2+ vehicles listed when you apply
Minimum FICO credit score of 640+
Registered business for 2+ years
Host on Turo for 2+ years
10+ vehicles listed when you apply
Minimum FICO credit score of 675+
Frequently asked questions
How many lenders should I apply to?
How many lenders should I apply to?
You’re welcome to apply to any lender you’re eligible for based on their criteria and requirements. If you’re approved by multiple lenders, you'll be able to choose the offer that best suits your needs.
Do I need commercial car insurance?
Do I need commercial car insurance?
Yes, all these lenders require you to have commercial car insurance to cover your vehicle when it’s not on a trip. Check out an affordable insurance option that’s custom-designed for Turo hosts.
How will my credit score be impacted if I apply to multiple lenders?
How will my credit score be impacted if I apply to multiple lenders?
According to Experian, shopping for car loans within a 14-day period will only be counted as one inquiry when calculating your credit score.
What documents do I need for my application
What documents do I need for my application
You’ll need to supply your driver’s license, Turo earnings, tax returns, profit and loss statements, bank statements, and proof of commercial car insurance.
What’s a TRAC lease?
What’s a TRAC lease?
A TRAC (Terminal Rental Adjustment Clause) lease is a specialized lease used primarily for vehicles that allows adjustments to its terms. With a TRAC lease, a business owner (like a Turo host) can acquire a vehicle for a fixed length of time with the option to purchase for an agreed-on price at the end of the lease. While the lease is active, the payments, term length, and residuals can be adjusted.
Can vehicles that I'm co-hosting for another host count toward the required minimum number of vehicles?
Can vehicles that I'm co-hosting for another host count toward the required minimum number of vehicles?
No, only vehicles that are in your name or business' name count towards the requirement.
Turo is not a financial services provider, lender, or broker. You’re solely responsible for choosing the right lender(s) for your business and financial needs. Each lender will decide for themselves if your business meets the criteria and requirements.
You’re under no obligation to only use the lenders listed here and can get funding from any source you choose. However, if you choose another lender, please make sure they allow peer-to-peer car sharing (renting). Important: If you get financing from a lender that doesn’t allow car sharing, they could demand you pay off the loan right away and/or repossess the vehicle.