You can set the price of your vehicle in the ‘My cars’ area in your Karshare account.
We strongly recommend that you switch Smart Pricing on so that we can adjust your vehicle’s daily price based on the market to secure more rentals.
With Smart Pricing turned on, there'll be a calculated % increase or decrease on your set daily price based on:
- rental demand
- peak rental periods
- weekend rentals
Long rental discounts
Another benefit of Smart Pricing is that your vehicle will automatically provide long rental discounts for renters. Encouraging longer rentals can improve your car's utilisation and ultimately increase your earnings!
- 3+ days: 15% off
- 7+ days: 20% off
- 30+ days: 30% off
If you want total control over your vehicle’s pricing, this option is for you. Your vehicle's daily price will only change if you manually update it. Please note that this means weekend rentals will be priced the same as weekday rentals.
When setting your own price you should take the following into account:
- Price of nearby cars
- Age and mileage
- Make and model
- Specifications of the car e.g. automatic
- Extras e.g. SatNav, heated seats
- Have a browse of the cars near you to understand what a competitive price looks like in your area on Karshare.
- When you first join the platform, we recommend setting your price slightly lower to secure some early rentals and reviews to get started.