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How much should I charge for the use of my car?

You set the hourly and daily rates for your car. To maximise your earnings we’ll recommend pricing based on the market value of your car, location, and competition.

Typically, rates are between $5 and $8 an hour, and $25 to $45 a day, depending on your car's type, age and any special features. You will earn:

  • 50% of any time-based income up to the first $240 each month, and
  • 75% of any time-based income over $240 each month. 

You also receive a fixed amount of 25 cents for each kilometre Borrowers drive, which covers fuel, additional maintenance, and wear and tear.

Starting with a competitive hourly and daily rate will help your car gain momentum with bookings in the first 6-12 months.  You can experiment with increasing it later if you are finding your car is in high demand. 

A slight increase in rates does not make a significant difference to your total earnings - but getting bookings in the first place certainly does!

 

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