Sharing and calculating your car-sharing expenses
A key feature of the Co-oto car-sharing app is the ability to share the costs of owning and maintaining a vehicle. What are these costs and how does it work?
What costs can be shared between users?
There are several types of fees in Co-oto.
- Usage cost: a fixed cost calculated per km (configurable in the app)
- Annual fixed depreciation and leasing costs: you decide your leasing or depreciation costs. These are calculated on a pro-rata basis according to the distance traveled by users.
- Other annual fixed costs: insurance, parking space (full list below), which are calculated on a pro-rata basis according to usage time.
Usage cost configuration
In Co-oto, the cost of use allows you to set a cost per km that will be taken into account for trips made by users.
Annual fixed cost configuration
The list of fixed costs can be found in the “Management” menu and must be filled out carefully by the vehicle owner. Borrowers can view these costs but cannot change them.
- Vehicle liability and comprehensive insurance
- Other insurance
- Vehicle tax
- Vehicle depreciation
- Leasing
- Parking fees
- Lump sum for variable expenses
- Incidental expenses
How are these fees then calculated when a user makes a trip?
For each trip, the user will have access to a summary of the costs for their session.
They will be able to see in detail how the costs were broken down.
Feeling a little lost? Don't worry, use the cost simulator!
All these costs and expenses may seem difficult to estimate in reality.
That’s why we’ve included a cost simulator that takes into account the parameters you’ve defined to give you an idea of the expenses associated with your trips.
This will give you a clear idea of the expenses associated with a trip based on its duration and distance.
Breakdown of car-sharing expenses
A screen summarizes all user expenses and allows you to arrange cost sharing among yourselves.
Once you have agreed, you can simply reset the count.
It is also possible to export all trips, fuel fill-ups, and counts to Excel.