Franchise: pitfalls of a deposit for a rented car?

CatCar
Franchise: pitfalls of a deposit for a rented car?

When signing the car rental documents, the client is required to make a 'deductible' - a small deposit for the car. This deposit is a guarantee of your competence and solvency for the company, as well as a kind of insurance in case of unforeseen incidents. The deposit amount will be frozen on your bank card; its transfer to the account of the renting company is not considered.

The main function of the deposit is to discipline the client

The client must treat the rented car carefully and respectfully, as if it were his own car. The company that provides you with a car is interested in its safety, in the safety of driving a vehicle in any weather conditions. You must not violate traffic rules, 'drive recklessly' on the roads or unreasonably risk your life and the serviceability of the car. The tax exists precisely to control the client's desire to squeeze the maximum out of the car.

Nothing happened to the car - nothing to worry about!

If you return the car without any accidents or events, rest assured that the deposit will remain intact on your card. You will definitely get access to this money in a few days, when the company's service station employees check the car for faults. In some cases, the unblocking period is extended, and without any claims from the company that owns the car. In this case, the client should contact their bank employees and ask them to unblock the account manually, based on the absence of claims from the company.

Accident or accident?

If an accident occurs while using the car, the algorithm of actions changes. All rental companies are required to have insurance for their cars and CATCAR is no exception. Moreover, the amount of liability, that is, the amount of the deposit, directly depends on the category of the rented vehicle. For example, for small cars it can reach 500 euros. The rates may additionally include insurance against car theft. The amount for it for different models can be 600-800 euros. You can reduce the amount of payment in case of theft if you pay extra for increased insurance when signing the rental documents. The terms of the contract rarely include insurance against unforeseen events, but the client always has the opportunity to purchase an additional type of insurance. It is worth noting that the insurance does not cover some cases, such as:

using the car as a tow truck
participation in racing competitions
driving a vehicle while intoxicated
driving a car by another person
if the driver disappeared from the scene of a traffic accident or does not have the appropriate papers from the State Traffic Inspectorate.

In these, and in the event of a violation of traffic rules,The monetary value of the damage caused to the car is deducted from the deposit. It is worth noting that the signed contract must specify that if the cause of the accident is the client's violation of traffic rules, the entire amount of damage can be deducted from the deductible. Also, the following can be deducted from the deposit:

compensation for damage that cannot be covered by the terms of the insurance contract
for smoking in the car, the client will have to pay for the corresponding dry cleaning services.

Standard insurance terms do not cover the following types of damage to the vehicle:

damage to the interior
discs
windshields and side windows
dimensions
gearbox.

The client is obliged to undertake repairs and troubleshooting, that is, they will be deducted from the deductible account. If the client gets into an accident, part of the deposit can be withdrawn by the company to compensate for its own losses. This is logical, because the business must make a profit, and the company's income depends on the number of working cars. If the car ends up at the service station for repairs for several months, the company will not be able to make a profit for several months. These are the losses that the franchise will cover.

Caution and attentiveness of the client

You should not be afraid of the deposit for the car, because according to statistics, only one in two hundred clients gets into accidents that will entail financial expenses and manipulations with the franchise. Before signing the lease agreement, be sure to read all the terms and conditions and if you have problems or require more detailed information on this matter, contact the company administrator directly.after all, a business must make a profit, and a company's income depends on the number of working cars. If a car ends up at a service station for repairs for several months, the company will not be able to make a profit for several months. It is these losses that the franchise will cover.

Caution and attentiveness of the client

You should not be afraid of the deposit for the car, because according to statistics, only every two hundredth client gets into accidents that will entail financial expenses and manipulations with the franchise. Before signing the lease agreement, be sure to read all the terms and conditions and if you have problems or require more detailed information on this matter, contact the company administrator directly.after all, a business must make a profit, and a company's income depends on the number of working cars. If a car ends up at a service station for repairs for several months, the company will not be able to make a profit for several months. It is these losses that the franchise will cover.