Turo Hawaii car rental prices plummet to $32/day

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The bottom seems to be falling fast on Turo Hawaii car rentals. We couldn’t believe our eyes today on the prices we found. The cost of your Hawaiian vacation is starting to improve a bit, at least in that respect. Here’s what happened and what it means.

Car rental companies in Hawaii never intended to take sit-down Turo rentals.

They had just been hand tied due to conditions largely beyond their control, including a lack of inventory. As it begins to return to some degree of normality, they have begun to lower prices. We’ve seen, even at Hertz, that prices this fall are down in most places. For example, in Maui, an economy car for $44 or a mid-size SUV for less than $70 per day. This big drop along with the excessive number of Turo vehicles that are in Hawaii have crashed together to create a new paradigm.

Turo Hawaii prices we found today.

Let’s start with the absurd. For less than the prices we’ve seen recently for a subcompact, you can now rent a premium car on Turo in Hawaii for nearly the same amount.

Here are the lowest prices we’ve found for dates September 14-21, picked up and dropped off at airports, plus two rentals at each location that caught our eye.

Turo Hawaii in Maui from $42/day.

2022 Subaru Forrester $68/day.

2022 Jeep Renegade $75/day

Turo Hawaii on Oahu from $32/day.

Toyota Corolla 2021 $40/day

2022 Lexus NX SUV $73/day

Turo Hawaii in Kauai from $68/day.

2021 Honda Civic Hatchback $72/day

2022 Hyundai Venue SUV $84/day

Turo Hawaii on Big Island from $56/day.

Kia Soul 2022 $59/day

2018 Ford EcoSport SUV $64/day

Hawaii intended to ban Turo altogether, but that never happened.

A bill (HB1500), stalled in Hawaii’s legislative committee, sought to permanently halt all Turo Hawaii and other peer-to-peer car-sharing programs. The purpose of HB1500, which was introduced in January, is that it “prohibits any person from operating, using or controlling any peer-to-peer car-sharing program in the state.”

While this is unlikely to ever pass, even according to the author of the bill, we will likely see a tax increase for Turo Hawaii rentals and some additional rules.

Hawaii requires taxes and rental surcharges on each car rental. At the time, Hawaii sales tax officials said it “wants to be ‘really, really fair’ with any commercial car rental operation.”

It goes both ways, however, as there is also a big discrepancy in Hawaii taxes on the purchase of used cars for rental. Traditional car agencies have to pay a 0.5% tax on new cars so far. Turo owners, as consumers, however, pay more than 4% general excise tax. Turo Hawaii called it an “original sales tax loophole.”

The car rental shortage in Hawaii has not diminished.

Turo Hawaii has been a way for visitors and residents to cope with the continued shortage of rental cars and the attendant exorbitant car rental prices in Hawaii. This happened when car rental companies reduced their fleets by shipping them to the mainland and then were unable to buy new cars due to ship shortages and other reasons. Turo has also served as a means by which many Hawaiians have earned a little extra cash (or a lot – see below), while sharing their personal car or buying and sharing new cars with others. others, including Hawaii visitors who are looking for at least a little better deal. Tourists still don’t like finding out that car rental prices in Hawaii have unexpectedly skyrocketed.

Why do visitors rent from Turo Hawaii?

Car guru JD Power said of the car rental situation in Hawaii, “It’s not very nice…to find out they have to pay $300 a day for a Kia .”

Turo Hawaii, over, say, Craigslist, has some distinct advantages. Turo offers liability insurance from Liberty Mutual for both parties, providing an added level of convenience. However, we suggest you check for yourself, as not all insurance companies treat Turo the same.

What will happen to the hosts of the Turo fleet next?

While Turo has grown into the world’s largest peer-to-peer car rental company, like Airbnb vacation rentals, and a fleet of over half a million vehicles, it hasn’t happened. stop her. Turo started with local hosts renting their own cars, but quickly evolved into a way to amass private, largely unregulated car rental businesses.

These have also been very lucrative, with Turo once saying that owners can earn over $10,000 per year per vehicle by setting their own prices. But that was back when rentals routinely started at nearly $200/day.

Now that rentals are only 25% of what they were not too long ago, those who have purchased and financed fleets of vehicles specifically for their Turo businesses are likely going to run into trouble.

Turo offers a unique selection of cars, including classy exotic cars, especially compared to traditional car rentals. We’ve even seen late-model Mercedes for well under $100/day. And Porsche too!

The company says, “Skip the rental counter and book the perfect exotic or luxury from a trusted Turo host.” We must say that we tried this for a few days, and in our case it worked very well. Even those of us who live here sometimes need a rental, and the scarcity and cost of car rentals in Hawaii provided the perfect opportunity to try it out ourselves.

According to Turo, “whether it’s a truck to help out on moving day, a chic exotic for a luxurious weekend getaway, or a classic cruiser for the perfect road trip, with over 600,000 vehicles listed worldwide, Turo helps you find the perfect vehicle for your next adventure.

Parking issues with Hawaii Turo also created a bad neighborhood situation.

When Turo cars are parked on public roads or in private lots, it may actually be illegal, and there have been many complaints from neighbors here in Hawaii. Residents don’t like having a fleet of a dozen or more cars parked in their neighborhood without permission. Turo only said that he wants “the hosts to be good members and citizens of the community.” But what exactly does it mean to be a good neighbor when your Turo cars are parked on private property not designated for commercial operation?

Another issue is parking and airport access for Turo pickups and drop-offs. Maui has tried to limit Turo cars at Kahului airport and OGG prohibits commercial (Turo) cars from parking in their lots. Turo has attempted to obtain parking permits for their cars at airports in Hawaii and other locations in the 50 states in which they currently operate.

What Turo Hawaii says about Turo Hawaii rules.

“Help keep Turo in Hawaii,” Turo said. Regarding Hawaii’s proposal to ban Turo, the company said, “If passed, this unfair law would prohibit peer-to-peer platforms like Turo from operating in the state, eliminating economic opportunities for Hawaii residents who share their car with neighbors and visitors. Make ends meet. Hawaii’s peer-to-peer car-sharing community has played a key role during the pandemic by providing a more cost-effective option than traditional car rental companies with sky-high prices and very limited supply. Our community of guests, who use peer-to-peer car sharing to get around town or visit the islands, would be left with no economic choice when looking for a mobility solution.

From a commenter:

Arturo said: “Being a Turo host is no longer worth it with the saturated market and the huge drop in rental rates because people bought cars they couldn’t afford and now a Jeep Rubicon 22 can be purchased for less than 80/100 a day and is a 75k plus jeep in hawaii. Between the high cost of vehicles, the big turo fees, the competition, and the high risk of damage, is it really worth the risk of buying a car you can afford unless it’s not be rented? Do the math, you need to rent your vehicle for more than 20 days to break even And before taxes and additional expenses. Very few make money as a turo host, most come in and out within a year. I have seen many of my neighbors and friends fail and have big financial problems trying to grow at Turo.

We welcome your thoughts on Turo Hawaii rentals and Hawaii car rentals.

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