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Maui campervan bond
We hired a campervan in NZ for 5 days, and of course had to put up a NZ
$5000 bond (paid with an Aussie credit card). After the rental, the bond was returned, but it was only the equivalent $4870. I emailed, and was told currency fluctuations were the cause. Seems like a lot, anyone else had this happen? |
#2
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Maui campervan bond
"sdf"
We hired a campervan in NZ for 5 days, and of course had to put up a NZ $5000 bond (paid with an Aussie credit card). After the rental, the bond was returned, but it was only the equivalent $4870. I emailed, and was told currency fluctuations were the cause. Seems like a lot, anyone else had this happen? You paid the amount in NZ$ and you got back NZ$130 less than originally paid ?? Why would there be currency fluctuations within one currency??! Seems like they've found a clever way to get extra money out of people.. ( UNLESS you were charged in AU$, and there was a matching fluctuation within those 5 days..... then they might have just cause...?) Haven't used them, and doubt that I ever will now... Anette |
#3
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Maui campervan bond
"Anette" wrote in message ... "sdf" We hired a campervan in NZ for 5 days, and of course had to put up a NZ $5000 bond (paid with an Aussie credit card). After the rental, the bond was returned, but it was only the equivalent $4870. I emailed, and was told currency fluctuations were the cause. Seems like a lot, anyone else had this happen? You paid the amount in NZ$ and you got back NZ$130 less than originally paid ?? Why would there be currency fluctuations within one currency??! Seems like they've found a clever way to get extra money out of people.. ( UNLESS you were charged in AU$, and there was a matching fluctuation within those 5 days..... then they might have just cause...?) Haven't used them, and doubt that I ever will now... Anette Anette- it was paid in AUD, so there could have been some fluctuation. The point I'm making is that it seems like a lot over 5 days, and I didn't detect it by checking the currencies on the web. |
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Maui campervan bond
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#5
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Maui campervan bond
"Raffi Balmanoukian" a wrote in message news:BB986163.1C29A%walkabout@TAKEOUTTHETRASHTOREP LY.ns.sympatico.ca... in article , sdf at wrote on 9/25/03 8:21 AM: "Anette" wrote in message ... "sdf" We hired a campervan in NZ for 5 days, and of course had to put up a NZ $5000 bond (paid with an Aussie credit card). After the rental, the bond was returned, but it was only the equivalent $4870. I emailed, and was told currency fluctuations were the cause. Seems like a lot, anyone else had this happen? You paid the amount in NZ$ and you got back NZ$130 less than originally paid ?? Why would there be currency fluctuations within one currency??! Seems like they've found a clever way to get extra money out of people.. ( UNLESS you were charged in AU$, and there was a matching fluctuation within those 5 days..... then they might have just cause...?) Haven't used them, and doubt that I ever will now... Anette Anette- it was paid in AUD, so there could have been some fluctuation. The point I'm making is that it seems like a lot over 5 days, and I didn't detect it by checking the currencies on the web. It's your credit card company that makes the money. Currencies do fluctuate, but the amount paid is always less than the amount paid out, unless there is a substantial fluctuation in currency in your favour. The spread on a credit card is usually around 2%. So for example, let's assume the currencies are exactly equal to make it simple (NZ1 = AUD1). You would pay $1.02, and get back 0.98. Maui gets absolutely nothing, Visa/Mastercard/whomever gets 0.04. Yep, I suspect you are right. What Maui should do is what hotels do- take an imprint but not charge until the end of the rental period. |
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Maui campervan bond
would pay $1.02, and get back 0.98. Maui gets absolutely nothing, Visa/Mastercard/whomever gets 0.04. Yep, I suspect you are right. What Maui should do is what hotels do- take an imprint but not charge until the end of the rental period. I agree. Some do and some don't. Even different regions have different practices: for example, Hertz on the Aus. mainland takes an imprint for the bond and calculates fuel at the end of the rental, charging your card accordingly. In Tassie, they take $100 for the fuel and then refund it at the end if you bring it back full (if you choose the take-and-bring-back-full option) - I lost a couple bucks this way, same as you did. The other option, of course, is to pay cash and get it back the same way.....a little easier for $100 than $5000!! |
#7
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Maui campervan bond
strange because you give a bound sio they have money if something goes
wrong, nothing went wrong so they should give you the same a mount back. if you give them your credit card nr they don't take 5000$ from your account and give the 5000 back when the car is returned. is there a maui office near you. think you have a good case to ask your money back. "sdf" schreef in bericht ... We hired a campervan in NZ for 5 days, and of course had to put up a NZ $5000 bond (paid with an Aussie credit card). After the rental, the bond was returned, but it was only the equivalent $4870. I emailed, and was told currency fluctuations were the cause. Seems like a lot, anyone else had this happen? |
#9
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Maui campervan bond
"swagmanneke" wrote in message
... I don't think he will get any money back. and a bond off 5000$ i supose the men didn't take a full cover insurance so he has to pay the bond see rental agreements . if you take the full it is only an imprint like NQ rentals,Thrifty; and also a smal local rental garage did it this way. -- Swagmanneke( walter caremans) "Paul W. Koole" schreef in bericht m... strange because you give a bound sio they have money if something goes wrong, nothing went wrong so they should give you the same a mount back. if you give them your credit card nr they don't take 5000$ from your account and give the 5000 back when the car is returned. is there a maui office near you. think you have a good case to ask your money back. "sdf" schreef in bericht ... We hired a campervan in NZ for 5 days, and of course had to put up a NZ $5000 bond (paid with an Aussie credit card). After the rental, the bond was returned, but it was only the equivalent $4870. I emailed, and was told currency fluctuations were the cause. Seems like a lot, anyone else had this happen? Sounds like they processed the amount (bad move for them) and would ahve to pay the card provider the 2% to 7% for the privilage. I usually just get an authority number by phone for the deposits, it sits on the card holder's account but does not cost me or the card holder. On return I phone and cancel the authority. With the banks encouraging the use of the electronic swipe card machines the amount gets processed straight away - and both parties get charged. I think that the $5000 transaction would in fact end up being a $10000 transaction - $5k in $5k out. That might be the charge that Maui have put back on you? Roger BribieIsland4x4hire.com |
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Maui campervan bond
sdf wrote:
[deleted] Yep, I suspect you are right. What Maui should do is what hotels do- take an imprint but not charge until the end of the rental period. That is what was done for our (Oz) rentals from four different companies (Holiday on Wheels, Thrifty, Apollo and Camperworld). Mind you not for $5000, but only 500 (max). |
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