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What is the minimum daily rate?

The new Pricing view helps owners take advantage of the pricing and demand data we’ve been collecting for the past several years. With this data, combined with our smart pricing algorithm, the new Pricing view help you sets your pricing at an optimal rate to maximize your earnings.

If your car is enrolled in Cruise Control pricingyour pricing will automatically adjust with renter demand, ensuring optimal pricing at all times. Getaround’s smart pricing algorithm is designed to dynamically adjust your car's pricing based on the year/make/model details of your car, as well as a number of other factors including location, seasonality, and peak demand hours.

Certain owners also have access to a Minimum Daily Rate slider: this slider allows you to set the minimum price for a 24-hour trip in your car, and Getaround will not price your car below this rate for any 24-hour period. As you move the slider, we’ll let you know how likely your car is to be rented for each minimum rate you select. 

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Please note that the Minimum Daily Rate is just that: the minimum rate for your car for any 24-hour period before Getaround commission. If a trip is shorter than 24 hours, the rate for that shorter trip will fall below your set minimum daily rate. 
 
The minimum daily rate that you select is constrained to the optimal range for your car based on year, make, and model as well as a number of other factors including location, seasonality, and peak demand hours.
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