To make the most of times when cars are in highest demand, you can charge more for your car at peak times by setting peak rates. You can also attract longer bookings by offering discounts. To set your car’s rates and discounts, go to the rates page in your car’s profile on the website or app.
Peak rates and days
Your car has base rates and peak rates. Borrowers will be charged peak rates for any days you set as peak days, and base rates for all other days.
You can select the days of the week you want to charge your peak rates. We recommend selecting Saturday and Sunday, but there may be other days of the week you’d like your peak rates to apply.
You can also select to charge peak rates for holiday periods. Holiday periods are days set by Car Next Door as holidays in your state, based on long weekends and peak hiring periods.
If you only want peak rates for holiday periods, enable and set your peak rates, deselect all of the days of the week, and select 'apply to holiday periods'.
To encourage longer bookings, offer a discount for bookings lasting 3 days or more, or 12 days or more. The discount will be applied to the total time charge the Borrower pays.
A Multi-day booking will generally be more valuable than a couple of shorter bookings in the same period, and usually require less effort to service as only one person is using the car.
Choosing your rates and discounts
Use our recommended rates to set or guide your car’s base and peak rates. Our recommendations are based on an algorithm that looks at income data for cars similar to yours, taking into account a range of factors including your car’s body type, location, age, supply, and demand. The algorithm is designed to help you maximise your income, but they’re just a guide and you may like to experiment to find the best rates for your car and the types of bookings you’d like to get.
Our recommended multi-day discounts are designed to make multi-day bookings more attractive without reducing your income too much. You can experiment with your discount to find the right balance for your car.
Both peak rates and multi-day discounts can be applied at the same time. The full cost of the time for a trip is calculated first (including any peak days or hours) and then the multi-day discount is applied to the total.
Peak rates and multi-day discounts only apply to your car’s time rates. Distance rates remain the same for every booking.