Frequently Asked Questions

  1. Do I have to transfer ownership of my car when it connects with a Fleet Host?

No, you are still the sole owner of the car. Everything remains under your name and ownership.


  1. Who is responsible for the maintenance and upkeep of the car when it is connected to a Fleet Host?

The Fleet Host will be responsible for all maintenance and upkeep while it’s in their possession. 


  1. What happens to my car after I connect with a Fleet Host?

Our team will initiate a contract for final signatures, and coordinate a convenient time for a Fleet Host to pick up your car. 


  1. Do I still need insurance after my car is connected to a fleet host and not in my possession?

No, you can cancel your insurance after your car has been picked up by a fleet host and save some additional dollars!


  1. What changes when my car connects with a Fleet Host?

The only change is that the Fleet Host will be in possession of your car and will make payments to you. Ownership, registration, and monthly payments to the lender remain in your name and your responsibility.


  1. What happens if my car is damaged while it is connected to a Fleet Host?

The Fleet Host will be responsible for fixing all damages that were incurred while the car was in their possession. All Fleet Hosts are required to add commercial insurance to any vehicles under their possession.

 

  1. Can I disconnect my car from the Fleet Host at any time?

No, it is expected that once your car is connected with a Fleet Host you will be unable to disconnect it during the already agreed on usage period.

  

  1. Will the Fleet Host have access to my personal information or data from my car?

The Fleet Host will not have access to your personal information or data from your car beyond what is necessary for contract initiation and vehicle pickup.


  1. Are there any fees or charges associated with connecting my car to a Fleet Host?

No, there are no fees or charges for car owners using our platform. At Payment Covered, we make money through transaction fees from the fleet hosts, not from you. This is what makes our platform so great and favored by our customers. You can confidently list your car and start earning passive income without worrying about any hidden costs.


  1. Are monthly payments from the Fleet Host guaranteed?

Yes, once connected with a host your monthly car payment amount will be guaranteed for the entire agreed hosting duration.