If a driver needs to drop off a car early, the driver will get the remaining days refunded from the rental minus the processing fees.
If a driver books a car for a week/month and has availed of a monthly discounted offer to do so, then an early drop off refund will be calculated on the daily listed price. Insurance costs for the remaining days and HyreCar processing fees including application fee will not be included in the refund.
The weekly rate for the car is $200 with a daily rate of $35 (weekly discount = $45). The total amount paid by the driver is calculated as follows:
Total paid = ($200 weekly rate + $70 insurance for 1 week + 10% HyreCar Processing fees on rental cost~$20)
= $290 for 1 week rental
After renting the car for two days, the driver decides to return the vehicle. The refund on the remaining 5 days of the rental is based on the daily rate, not the discounted rate, and is calculated as follows:
Rental Cost for Days Active = (Daily Rate ($35) * Days Active in Rental (2)) + (Insurance fee ($10) * Days Rented (7)) + HyreCar Processing Fee ($20) = $160
Refund = Total Paid ($290) - Rental Cost for Days Active ($160)
= $130 Refunded
Note: a rental can only be cancelled by HyreCar after a confirmed booking and issuance of insurance. The rental can be cancelled by a car owner as long as insurance has not yet been issued. In the latter case, the driver will get an alert on the phone that booking has been cancelled. The owner or driver must contact HyreCar to initiate any refund; it takes an average of five business days to process transactions.