Deposit instalment payment

Splitting the deposit: making Drivfit rentals accessible to all partners

Drivfit understands that the deposit can be a financial burden, too high for some partners, and hinder their access to our vehicles.

In our mission to make TVDE rentals accessible to all businesses, big or small, we have come up with a solution: to pay the deposit in 3 interest-free months, providing a more manageable and financially friendly alternative for all partners!

Drivfit has finally partnered with FLOA Pay to provide you a even more flexible rental!

In this article:

• Features
• Refund of these deposits
• Procedure

Features

• Pay in 3 times, interest-free
• First instalment to be paid immediately at the check-out
• Following two instalments will be automatically charged to the customer's card, every 30 days
• Debit or credit card, Visa or Mastercard, mandatory
• The FLOA Pay loan can only be granted to an individual and not a company, as this person will be held accountable in case of default. However, the monthly payments can be made using the company's card.
• FLOA Pay will perform a credit analysis and will immediately approve or reject the instalment request

Refund of the instalment deposit

When customer requests the refund of the deposit after the end of the loan, Drivfit will proceed with a normal refund of the deposit.

However, if the customer wishes to return the vehicle and request the deposit refund before the loan ends, Drivfit will adjust the total amount of the loan and, in this case, three different situations may occur:

1. Customer doesn't owe any amount to Drivfit
   

   FLOA Pay will refund the customer for the instalments already paid, ending the loan without any additional instalment or charge.
   
   Example: if the customer has already paid an instalment of €400 (two instalments remaining) and does not owe any amount to Drivfit, FLOA Pay will return the €400 and the loan ends without any other instalments.

2. Customer has an unpaid amount to Drivfit, lower than the instalments already paid
   FLOA Pay will refund the customer the difference between the instalments already paid and the amount due to Drivfit, ending the loan without any additional instalment or charge.
   
   Example: if the customer has already paid an instalment of €400 (two instalments remaining) and has an amount of €300 due to Drivfit, FLOA Pay will refund the customer €100 and the loan ends without any other instalments.
   
   
3. Customer owes an unpaid amount to Drivfit, which is higher than the instalments already paid
   The loan amount will be adjusted to the unpaid amount due to Drivfit, from which the instalments already paid are deducted. The customer must pay FLOA Pay the updated remaining amount, divided by the number of instalments still due.
   
   Example: if the customer has already paid an instalment of €400 (two instalments remaining) and has an amount of €700 due to Drivfit, the total loan amount is adjusted from the deposit amount to €700, of which €400 has already been paid and €300 would be due. Since there are still two instalments, each instalment will be €150 (€300 / 2 instalments).