Students looking to borrow a car or willing to lend theirs out for some extra money can turn to Turo, a peer-to-peer car sharing service.

Turo is a platform where car owners and people who need to use a car can work out arrangements to share their vehicle.

Those looking to rent out their vehicle can register it to the platform, then set dates and times it’s available. Hosts can set daily prices based on the value of their car.

Oshkosh hosts offer anything from a $40 per day Ford Focus to a $300 per day Dodge Charger, with average vehicles in the area ranging from $40-$70 per day.

Anyone looking to rent a car must be at least 18 years old with a valid driver’s license and a verified Turo account.

To rent a vehicle, users must enter their location and travel dates, then arrange to pick up a car from its owner.

Turo’s Vice President and Head of Government Affairs Michelle Peacock said the service could be a great opportunity for college students as it can be applied to the campus setting.

“If you look at a college campus, it’s actually an amazing microcommunity that could be a terrific avenue for people to share cars,” Peacock said.

Peacock noted most emerging technology platforms, such as Turo, thrive best in metropolitan areas.

She added that the closeness of a college campus combined with a large number of students in need of transportation may create a burgeoning community of car sharers.

“Students could actually create a Turo community among themselves,” Peacock said, “listing and booking cars that are available right there next to them.”

Students looking to rent may run into additional costs as Turo’s young driver fee charges an additional fee of a minimum of $15 per day on top of the set price the host charges for anyone between the ages of 18 and 25 booking a trip.

Peacock said that while Turo does provide additional charges for young people, most car rental sites bar that age group from renting altogether. She added that Turo institutes the additional fees to protect the rental cars.

Other car rental companies, such as Enterprise Rent-A-Car, National and Alamo set their minimum age requirement at 21.

“I think there’s a lot of people who would be willing to pay a little bit of extra fees just to have access to [a car],” Peacock said.

Peacock said Turo is a great opportunity for students with cars living on or around campus to make some extra money.

“Most college students could always use a few extra bucks and they can use it to cover the cost of owning that car, cover the car payment, the insurance or gas and be able to share that car when they don’t need to use it,” Peacock said.

She believes hosting on Turo could be beneficial to college students because roughly 10% of their customers say they use the money they earned to cover their student debt.

“[College students] are always looking for the newest thing to make their lives a little bit easier, and I think something like Turo’s car sharing can be a terrific avenue for car owners at college to make a little extra money and for people who need a car to find one that they need,” Peacock said.