What is a vehicle recovery fee?
Vehicle license recovery fee means a charge that is included in a vehicle rental transaction to recover costs incurred by a motor vehicle lessor to license, title, and register rental vehicles.
What is a vehicle license fee on a rental car?
Vehicle License Fee is a fee that includes vehicle registration, licensing and other vehicle-related taxes charged by local governments. Rental car suppliers have to pay these taxes on their fleet, but they usually pass them on to the end customers.
What does cost recovery fee mean?
Cost recovery, or the cost recovery method, refers to the means of recouping the cost of any expense. Cost recovery recognizes that recovering costs doesn’t happen instantly, or even within the same year, and the cost recovery method makes allowances for this when it comes to balancing the books.
What is customer facility charge enterprise?
Customer facility charge (CFC) is a user fee imposed by an airport operator on each rental car user, collected by rental car companies. CFC revenues are generally used for capital and financing costs of rental-car-related projects, such as consolidated rental car facilities (ConRACs) and related roadway systems.
Does enterprise charge by the day?
At Enterprise, we do not charge customers more for returning a car early, and you will only be charged for the days you had the vehicle (excluding prepaid reservations).
Whats a license fee?
A licensing fee is a money paid for a right or ability to use a property or asset.
What recovery means?
English Language Learners Definition of recovery : the act or process of becoming healthy after an illness or injury : the act or process of recovering. : the act or process of returning to a normal state after a period of difficulty. : the return of something that has been lost, stolen, etc.
Why do car rentals have so many fees?
Many of those costs are government taxes. Legislators know it’s easier to extract money from visitors (who often rent cars) than from their constituents. And those taxes “are getting higher,” Weinberg said. “It’s basically a money grab by the municipalities.”
What is Regulatory Programs & Telco recovery fee?
The Regulatory Programs & Telco Recovery Fee is collected and retained by T-Mobile to recover costs associated with (1) government program compliance and (2) 3rd party service and facilities. All eligible customers, regardless of bill format, will see a notification on their bill about the fee increase.