Pricing is no doubt a crucial topic for every owner. Many of you spend a considerable amount of time looking for the optimal price to attract drivers while maximising your earnings. It’s therefore important to understand how the price you set influences the price drivers pay when booking.
Some key terms
Before we delve in, let’s briefly go over some key terms:
Price per day: The amount you set in the price page of each of your car via the price calendar
Your earnings (or base price): Calculated using your prices per day, discount settings and the duration of the driver’s rental.
Booking price: The amount drivers pay when booking. It includes your earnings, the driver's chosen protection plan, the driver service fee, the mileage package and a Young Driver Fee when applicable.
Income: Calculated by subtracting the service fees and Getaround Connect subscription (if applicable) from your earnings. It’s the final amount that you’ll receive in your bank account once the rental is over.
How much you earn vs. how much drivers pay
There are 4 parts that form the price of every rental on Getaround.
Booking price
Owner income: The amount that goes into your pocket.
Owner service fee: The amount that is deducted from your earnings by Getaround. This fee is used to cover the costs of operating the platform.
Insurance: The portion of the booking price that goes to insurance coverage and roadside assistance. Drivers can also choose to pay for additional insurance coverage.
Driver service fee: The service fee drivers pay to Getaround, used to cover the costs of operating the platform.
Additional costs
On top of the included insurance cover and roadside assistance, drivers can opt to pay for additional coverage with a protection plan. Drivers can also opt to pay for mileage package. Drivers under the age of 25 also pay a Young Driver Fee.
To keep in mind when setting your price
The price per day you set is used as the starting point to calculate the booking price, along with your discount settings and the duration of the rental.
The final amount you’ll receive will be between 75% and 90% of your earnings, depending on your service-fee rate.
You can get an overview of your yearly income and gross income to declare to the tax office in your account.