How to set vehicle rate?
It’s easy to set optimal rates and maximize your earnings with the innovative COOP Smart Rate tool. COOP Smart Rate dynamically adjusts the rate of your vehicles based on a variety of characteristics like vehicle type, mileage, and market demand. Using this information, the rates of your listings are automatically optimized to attract more reservations. Follow these simple steps to apply Smart Rate and get started:
- Click the Dashboard or Vehicles tab in the upper right screen of your account.
- Select the option to apply Smart Rate to your fleet, or you can also individually select the vehicles for which you would like to use Smart Rate.
- That’s it! You’re ready to maximize your earnings with COOP Smart Rate.
If you choose to enter your daily rental price for a vehicle manually, select the custom price option. Keep in mind that this option requires more time spent monitoring your rates and being aware of changing trends to adapt to the marketplace.
It’s important to note that vehicles listed at or below the recommended rates are 60% more likely to transact than vehicles listed above the recommended rate.
See our blog post on How to Set Your Vehicle’s Rate for more information and additional tips.
What is COOP Smart Rate?
COOP Smart Rate is an innovative pricing tool that helps you maximize your earnings. COOP Smart Rate dynamically adjusts the rate of your vehicles based on a variety of characteristics like vehicle type, mileage, and market demand.
Learn moreHow to Add Vehicle Locations?
One of the first things you’ll do on account setup is stage a vehicle pick-up location for renters, you can add new pick-up locations at any time.
Learn moreHow to add a vehicle?
It’s easy to submit vehicles to be listed on the platform, and you can do it all either on the web platform or with the COOP Mobile App.
Learn moreHow do I schedule availability?
On the COOP platform you can change the availability for each vehicle on your account management page.
Learn moreWhat additional features should I include on my listing?
Include additional features on your vehicle’s listing to make it more attractive to prospective renters. Add features when you list the vehicle, or edit them by contacting our team.
Learn moreWhat photos should I add of my vehicle?
Promote your vehicle with good photos to get more rentals. We notice that our owners who photograph what makes their vehicles unique get more rentals.
Learn moreWho is responsible for my vehicle’s maintenance?
Preventative maintenance is the responsibility of the vehicle’s owner. As the Owner of a vehicle, you are responsible for all costs associated with keeping the vehicle in working condition.
Learn moreHow can I download fuel receipts for IFTA on my vehicle’s past reservations?
Owners can download their fuel receipts right on the platform so they can report their International Fuel Tax Agreement (IFTA) each quarter.
Learn moreHow does vehicle pick up and drop off work?
Vehicle pick up and drop off are completed all through the platform. Renters are expected to meet you at the designated location for the vehicle at the requested pick up time.
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