Tiered Rental Rates: An Alternative Pricing Option for Long-Term Rentals

Arielle Cox

We’re all familiar with daily, weekly, and monthly rental rates – but what about tiered rates for long-term rentals?

Jeff Loomis, Director of Business Development at InTempo Software, explains this less-frequently used rate structure:

“If you only want to use daily rates – without offering a discounted weekly or monthly rate structure – you can use tiered rental rates to progressively drop your daily rate for long-term rentals. For instance, if you typically charge $100 a day, every day, for a specific piece of equipment, you can make it so the first 99 days of a rental are charged at that rate, but days 100 to 200 are billed at $90 and any day over that is billed at $85. This allows you to offer more attractive long-term pricing beyond standard weekly and monthly rental rates.”

Learn More About Simplified Rate Management in InTempo Enterprise

In InTempo’s rental software, setting up tiered rental rates is easy. You can set the tiers manually on each individual category or class of equipment or upload a spreadsheet with all your tiers in bulk.

Tiered pricing is just one of the many options InTempo offers for managing your rental rates. You can set book rates for each category and class of equipment, set different pricing at each of your locations, and offer customer- or contract-specific discounts. Instead of manually entering pricing for each contract, the software works its way through your set hierarchy of rate calculations. This reduces the potential for human error and makes sure you’re charging the correct rates on every contract.

Want to see how easy rental rate management can be? Contact InTempo to discover our software or request a demo today.