Your monthly invoice details all your car's trips and income, fuel charges, and any other credits or debits on your account.
Your PDF invoice can be downloaded from your Account page when you log in to the website (not the app) after the end of each month. It will also be emailed to you.
What's on your invoice
Your invoice details all the income and charges on your account from the last calendar month.
When a Borrower uses your car, you receive:
- Time income: a percentage of the time charges, as per your sharing plan
- Distance income: 13, 25 or 37 cents per kilometre that the Borrower drives, depending on the distance rate your choose
You may see charges on your invoice for your fuel Borrowers bought for your car. These charges may be higher or lower than the amount of fuel that borrowers have used that month, which can be confusing.
Fuel is charged to you in the month it is purchased, while the borrower pays for it in the month their trip ends, so it can sometimes seem as though you have paid more for fuel than you got paid back for.
Monthly membership fee
Depending on your sharing plan, you may pay a monthly membership fee. In your first month of sharing your car, you'll pay two membership fees: a pro-rata fee for the remaining days of your first month and a fee for the next month paid in advance.
If we’ve installed a toll tag in your car, your personal tolls will appear on your invoice and be deducted from your income. Tolls are processed within the day or at the end of each month, depending on when we recieve a statement from the toll provider, so they may be charged to you up to one month later.
If you’re on the Key Handover plan, reimbursements for any tolls Borrowers incurred in your car will appear on your invoice as a credit.
Your trips in other cars
If you borrowed another member’s car this month, the cost of the trip will appear on your invoice and be deducted from your income.
Goods and Services Tax (GST)
Your invoice will detail the GST associated with your car's activity. If you're not registered for GST, the GST on your car's income won't be relevant for you. You can read more about GST and car-sharing in our tax and GST resources.
If you are registered for GST, let us know so that we can make sure the tax rates are correct for your car and the GST adds up correctly to 10%.
Understanding your overall financial benefit
To work out how much you are actually benefiting from renting your car out, you will need to look beyond the 'Closing Balance' on your account (the amount that goes in to your bank account) and understand a bit about your car's running costs. Learn how to work out your car's income after costs.
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