Parked car or pay cheque? How Vancouver car owners are earning extra cash this summer

One thing Vancouver residents have become used to is rising costs — and that’s especially true for car owners. A recent report by Turo in partnership with Leger shows that Canadian car owners now spend $5,497 per year on ownership costs, which is up nine per cent since 2024.

Many young Vancouverites have found wallet-friendly solutions by becoming hosts on car-sharing platforms like Turo to offset rising costs — especially during the summer, since it’s the peak season for road trips. This has helped Turo hosts lighten vehicle expenses while earning some extra pocket money.

In fact, according to Turo, Canadians have earned $300 million since the platform was launched in Canada. By simply listing your vehicle on Turo, hosts can earn an average of $3,500 in the summer months alone.

Car owners in Vancouver are already cashing in on extra funds by hosting their vehicles on Turo. If your car is sitting pretty around your house for most of the day, you can sign up for Turo today to start getting more out of your ride. Here’s how.

Car sharing made easy

Turo

Turo, the world’s largest car-sharing marketplace, has cultivated a diverse community of hosts in Canada. The company was founded with the mission to put the world’s over 1.5 billion cars to better use.

The concept is simple: car owners list their vehicle through Turo for would-be drivers to use while it would otherwise sit in a driveway. It’s no different than renting a car in the eyes of the customers, but the host reaps the benefits, and Turo also offers comprehensive insurance and protection options to support hosts.

After all, the average car sits unused 95 per cent of the time (around 22.5 hours a day), so why not use that time to make some money? If you’re going to, now’s the time, as the summer months are the most profitable for hosts in Vancouver!

Proven success

Turo

According to Turo, the average host makes around $712 per month throughout the year — which equals a whole lot of gas money. 

But there are plenty of ways to expand as an entrepreneur, as car sharing increases in popularity. Hosts in Vancouver, for example, are reporting strong demand. The Turo survey reports that 87 per cent of respondents would use a car sharing service again — and the proof speaks for itself.

Take Vancouver resident Ian Thomas. He turned a single car listing on Turo into a thriving fleet of 10 vehicles in just two years, and now makes an average of $7,000 a month.

Start earning today

Turo

Not only does Turo make it easy for you to list your vehicle for some extra cash, but the company also provides support for hosts who are looking to scale their business.

Keen entrepreneurs can take advantage of Turo, which not only makes it easy to list your vehicle and earn extra cash, but also offers comprehensive insurance and protection options to support hosts. 

As summer road trips and weekend getaways are in full swing, now’s the best time to earn a bit more cash. So whether you’re looking to make passive income from a single listing or create an automotive empire, take advantage of the high demand for car sharing in Vancouver and list your vehicle with Turo today.