The following terms and policies are specific to all vehicles managed through our Revenue Share plan and are supplemental to our primary Management Terms & Conditions.
Your Vehicle's Calendar
At this time we do not have a live calendar for you with real-time information about trips booked for your vehicle. If you're looking to book an owner trip and need to know when your vehicle is available, contact our team and request that we send your vehicle's trip calendar. They'll be able to pull that from our system and send it over to you fairly quickly.
Our goal for all vehicles under our revenue share program is to maximize both yours and our earnings for the vehicle. As such, we price vehicle aggressively to keep them on the road. For more information about how to price vehicles and our philosophies around the subject, check out How to Price Your Vehicle.
Revenue Sharing & Payments
Depending on the options chosen when enrolling your vehicle and the type of vehicle it is, your share will range anywhere from 40-50% of the total proceeds for your vehicle, after marketplace fees taken by the marketplace. For additional details about those different plan options, check out our Plans & Details page.
All monthly disbursements are sent out within the first few days of every month for the prior month's earnings. All disbursements are sent via direct deposit, electronically deposited right into the bank account that you provided to us. If you ever need to update that depository bank information, you can do so on our website via our Update Bank Deposit Information form.
At this time, we are not able to send out earnings in any form other than via electronic deposit into your bank account.
When your earnings are paid out to you, you'll receive an email confirmation letting you know how much you earned in the prior month and the total amount of the deposit.
Marketplace Protection Plans
All vehicles are enrolled through the marketplace with the standard protection plan that will provide a $0 deductible for any renter-caused damage. For protection provided by Hassle-Free Car, see our Damage Coverage Policies, Terms, & Claim Processing.
All maintenance costs are yours to bare as the vehicle owner. While we will do as much as possible to keep those costs down as we handle what we can on-site, any maintenance that your vehicle requires will be billed out of your earnings or to your payment method on file should your earnings no cover the cost.
Renting Your Car Back
While you are always welcome to use your vehicle and book owner trips (see Setup an Owner Trip), we will need to bill you back for the time in which your vehicle is not available to rent to other guests. The primary reason for this is because our costs for that vehicle to be enrolled are largely fixed regardless of if the vehicle is at our facility, rented, in a shop, or anywhere else. To ensure we are covering those costs during that down time, we will bill back $8/day to your account.
Loss of Income
If your vehicle is damaged and has downtime for repairs, you will not be charged for any of this time so long as the damage was caused by a guest who rented your vehicle. If your vehicle is damaged, we will see to it that it's repaired back to its original state or better, which can take time. If trips need to be cancelled to allow for these repair times, we will handle facilitating these cancellations as well. Please note, however, that we do not provide any type of loss of income protection in any circumstance. Damage to your vehicle is rare, though is possible is an inherent risk of sharing your vehicle with others just as it would be if you were utilizing it yourself.
For additional information regarding our damage policies and loss of income, check out Damage Coverage Policies, Terms, & Claim Processing
Excessive Downtime Due to Maintenance
The other common scenario in which you may be responsible for paying back for days the vehicle is not rentable is if there are significant delays in getting an approval from you for service needed on the vehicle. For instance, if your vehicle goes in for brakes, we will email you with a quote for that work to be done. If we have no received an approval from you within 1 day of submitting that quote for approval, you may be responsible to pay for any subsequent days your vehicle is sitting an unavailable to rent at a rate of $8/day.
If the time comes that you'd like to cancel management for your vehicle on a revenue share program, the following policies will apply:
- 30 Day's Notice: You must provide a minimum of 30 day's notice. If you fail to do so, you will forfeit all revenues not paid to you from past trips.
- Future Trips: Since any vehicle can be booked up to a year out, it's possible that trips will need to cancelled due to your termination. If this is the case, you will be charged $35/trip for each trip that needs to be cancelled. This may be billed and become due from you the day you provide your notice of termination.