Answers to the most essential questions
What are the age requirements for renting a car in Cyprus?
Renters must be at least 25 years old,with a minimum of 3 years of driving experience, hold a valid driver's license. For those between 23 and 24 years old, choosing cars labeled with the "Young driver" option is advisable.
What is the difference between a deposit and the excess fee (franchise)?
The excess fee (franchise) is the maximum amount of financial liability that the client has towards the rental company for damages or loss to the vehicle during the rental period.
Essentially, it works like this: if the vehicle is damaged, the extent of the damage is assessed, and the renter is obligated to compensate for the damage, but only up to the amount of the deductible specified in the contract. The remaining amount is covered by the insurance company.
On the other hand, a deposit is a refundable amount that the rental company may hold as a security measure. It serves to cover any additional charges that may arise during the rental, such as fuel costs, toll fees, or late return fees. The deposit is typically refunded to the client upon the safe return of the vehicle and settling any outstanding charges.
A deposit (security deposit) is required when renting a car to cover potential fines and fees during your use of the vehicle. Rental companies request a deposit to reduce their own risks. The deposit may be withheld in cases such as: damage to the car, returning the vehicle with an empty tank, returning a dirty car, exceeding the agreed-upon return date specified in the contract, or violating other terms of the agreement. The amount of the deposit largely depends on the car class.When is the deposit returned?
If the car is returned in the same condition as it was rented, the deposit is fully refunded as stated in the contract. However, if the car is dirty or the fuel tank is not refilled, a certain amount may be deducted. Cash deposits are returned immediately upon the return of the vehicle.
The duration of the funds' release depends directly on the client's bank.
If the final amount on the account is not the full deposit, it is necessary to contact a company representative to determine the reason. It is possible that some damages or defects were identified during the inspection of the vehicle. It is worth noting that when renting a car, it is important to carefully inspect it and document any deficiencies.What is a deductible?
A deductible is the maximum amount of financial liability that the client has towards the rental company for damages or loss to the vehicle during the rental period.
In practice, it works as follows: if the vehicle incurs damage, the extent of the damage is assessed, and the renter is obliged to compensate for the damage, but only up to the amount of the deductible specified in the contract. The remaining amount is covered by the insurance company.