Customize Pricing for Each Listing
💰 Configure Listing Pricing in Fleetwire!
Each listing in Fleetwire is tied to a specific vehicle and holds all the settings for its rental, including pricing, discounts, security deposits, and distance allowances. Let’s walk through how to set up these options in the Pricing tab to optimize your rental business!
🎯 Why Configure Listing Pricing?
Setting up pricing for your listings helps you:
- Control Revenue: Set flexible pricing to match your business model.
- Encourage Bookings: Offer discounts to attract longer rentals.
- Protect Assets: Use security deposits to cover potential damages.
- Manage Usage: Limit distance and charge for overages to ensure fair use.
🛠How to Configure Listing Pricing
Follow these steps to set up pricing, discounts, security deposits, and distance allowances for your listings in Fleetwire.
Step 1: Set the Price
Choose how to price your vehicle rental with flexible options.
- In the Price section of the Pricing tab, select a pricing type:
- None: No charge (e.g., for free rentals).
- Fixed: A single rate regardless of rental duration.
- Flat Fee: Charge an hourly, daily, weekly, or monthly fee.
- Enter the rate (e.g., $50/day for a daily flat fee).
- Click Save to apply the pricing.
Step 2: Enable Discounts
Set up discounts to incentivize bookings, including coupon codes and duration discounts.
- In the Discountable section, toggle on the option to allow discounts.
- Enable coupon code support if desired.
- Set duration discounts (e.g., 3 days: 5% off, 7 days: 10% off, 30 days: 20% off).
- Discounts apply automatically if the rental meets or exceeds the duration.
- Click Save to apply the discount settings.
Step 3: Configure the Security Deposit
Set a security deposit to protect your vehicle during rentals, with options for different payment methods.
- In the Security Deposit section, enter the deposit amount (e.g., $500).
- Optionally, set a higher deposit for debit or pre-paid cards (e.g., $750) to hedge risk, as these cards may decline additional charges for incidentals.
- Click Save to apply the deposit settings.
Step 4: Set Distance Allowance
Control how far renters can drive and charge for overages with distance allowances.
- In the Distance Allowance section, choose:
- Unlimited: No distance limit.
- Set Distance: Specify a limit (e.g., 300 miles/day) and an overage fee (e.g., $0.50/mile).
- Optionally, set a cap (e.g., 2,000 miles per reservation for a 30-day rental, instead of 9,000 miles at 300 miles/day).
- Click Save to apply the settings.
Example
- Limit: 300 miles/day, $0.50/mile overage.
- Scenario: 1-day rental, renter drives 310 miles.
- Result: They’re charged $5 (10 miles x $0.50).
Step 5: Test Your Pricing Settings
Ensure your pricing settings work as expected by testing a booking.
- Create a test order via your online store (e.g.,
testcompany.fleetwire.io
) or in Orders. - Verify that the price, discounts, security deposit, and distance allowance are applied correctly at checkout.
- Adjust settings as needed to optimize your pricing strategy.
🌟 Pricing Configured, Ready to Rent!
You’ve successfully configured pricing for your listing in Fleetwire! Your vehicle is now set up with the right pricing, discounts, security deposit, and distance allowance to attract customers and protect your assets. Test a booking today to ensure everything works smoothly.
🚀 Next Steps
Enhance your listings with these tips:
- Add Listings: Create new listings with Creating and Managing Listings in Fleetwire.
- Manage Deposits: Handle security deposits with Adjusting Security Deposit Settings in Fleetwire.
- Track Orders: Monitor rentals with Registering Pickups and Returns in Fleetwire.
- Need Help? Contact us at hi@fleetwire.io or via the in-app chat.
Happy renting! 🌟
Updated on: 15/05/2025
Thank you!