Deposit Policy

Introduction:

The Payment and Deposit Policy outlines the terms and conditions regarding the rental payment and deposit requirements for EKSCARS. It details the process for rental payment, deposit collection, and conditions under which the deposit may be used to cover specific expenses.

Key Points:

1. Rental Payment:

• Specifies that the rental amount must be paid in advance.
• Indicates that the deposit is required prior to receiving the rental car.

1. Renewal Procedure:

• States that if the rental period is renewed, the hirer must send the additional rental amount 48 hours before the end of the current rental period.

1. Deposit Utilization:

• Outlines the conditions under which the deposit may be used.
• Lists specific instances where the deposit may cover expenses, including:
  • Unjustified damage to the vehicle.
  • Loss of important documents.
  • Impounding charges or other applicable fees, provided that supporting documents are provided by the rental company.

Conditions:

• Emphasizes that the deposit may only be utilized under the specified conditions and with proper documentation from the rental company.

Conclusion:
The Payment and Deposit Policy ensures clarity and accountability regarding rental payments and deposit requirements for EKSCARS. By delineating the procedures for rental payment, deposit collection, and deposit utilization, the policy aims to streamline transactions and maintain transparency between the rental company and the hirer.