Hourly multiplier and factor rate engine

With the hourly multiplier and factor rate engine, you can

It works in a similar way to the daily multiplier and factor rate engine, but charging is calculated using the number of rental hours rather than days.

Multipliers determine what the charge is multiplied by for each hour of the rental. For example, if you have a ten-hour rental, the system will look through the list of multipliers and multiply the charge by the number set in “hour 10”.

If there’s no entry for hour 10, the system will multiply by the last hour found. This means you’ll need to add as many hours as your longest single period of rental.

Factors can be used to decrease or increase the rental charge based on the total length of the rental period. 

The default entry sets the factor to 1 for the first hour of rental and all others (‘to’ is left blank, which means forever). 

For example, to offer a 10% discount if a rental is longer than four hours, you could do something like this:

You cannot have gaps in the factor sequence, and only the last factor entry can have a blank ‘to’ value.

Use leeway minutes to add a grace period or tolerance to the end of a rental. 

For example, if a rental that starts January 2nd at 11 am and finishes on January 2nd at 12:10 pm, then the total rental period is 1 hour and 10 minutes. This is considered two two-hour charges. However, if you set 15 leeway minutes, then the same period would be considered one one-hour period of rental charge as 10 minutes is less than the leeway minutes.