GrabRentals Recontract (Sign-up period: 13 Apr – 17 Apr 2020)

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Here are the latest re-contract deals from GrabRentals

Sign-up period: 13 Apr – 17 Apr 2020

Enjoy these benefits when you re-contract with GrabRentals!

Supplementary Bonus

Receive a Supplementary Bonus of up to $1,680, subjected to rental duration.

3-Month
Contract

6-Month
Contract

12-Month
Contract

24-Month
Contract

$210

Bonus

$420

Bonus

$840

Bonus

$1,680

Bonus

+

GrabRentals Booster Plan

Receive additional financial support from GrabRentals Booster Plan!

3-Month
Contract

6-Month
Contract

12-Month
Contract

24-Month
Contract

0% Commission* on Grab rides

until 4 May 2020

30% Rental Waiver ($20 daily) 

until 4 May 2020

20% Rental Deferment** 
($14 daily) 

Duration of the rental deferment period given depends on contract length

Contract Length Rental Deferment Period
3-Month (91 days) 1 Month
6-Month (182 days) 3 Months
12-Month (364 days) 6 Months
24-Month (728 days) 12 Months
Here’s an example: Mr Chua signed a 6-month contract with GrabRentals on 14 Apr 2020 at a $51.95 daily rental rate. He collected his car on 15 Apr 2020. He is eligible to defer $14 of his daily rental for 3 months (to be paid back subsequently in the following 3 months), and also enjoys $20 rental waiver till 4 May 2020. 
Month 1 Month 2 Month 3
15 Apr – 4 May 5 May – 14 May 15 May – 14 Jun 15 Jun – 14 Jul
Daily Rental Rate $51.95 $51.95 $51.95 $51.95
30% Rental Waiver – $20 $0  $0  $0
20% Rental Deferment – $14 – $14 – $14 – $14
Net Rental $17.95  $37.95 $37.95 $37.95
3 Months (91 days) later, from 15 July 2020 onwards , Mr Chua will be required to repay the total deferred rental amount via daily instalments. This amount will be paid back from 15 Jul 2020 to 13 Oct 2020. 
Month 4 Month 5 Month 6
15 Jul – 13 Aug 14 Aug – 13 Sep 14 Sep – 13 Oct
Daily Rental Rate $51.95 $51.95 $51.95
30% Rental Waiver $0 $0  $0
20% Rental Deferment $14 $14 $14
Net Rental  $65.95 $65.95 $65.95


Note: 

*Applies to Main-Hirer only. 0% commission applies only to GrabRentals main-hirers doing Grab rides in their GrabRentals  vehicle.

**Eligibility for 20% rental deferment programme is subject to approval.

Click below if you’d like to re-contract!

FAQs

From 7 April to 4 May, all drivers signed onto this deal will get a top-up of $20 daily to their credit wallet.

We will apply a $14 daily rental deferment for an initial period, and collect back the deferred amount back on a later period.

Contract Length
Rental Deferment Period
3-Month (91 days)1 Month
6-Month (182 days)3 Months
12-Month (364 days)6 Months
24-Month (728 days)12 Months

Here’s an example:

Mr Chua signed a 6-month contract with GrabRentals on 14 Apr 2020 at a $51.95 daily rental rate. He collected his car on 15 Apr 2020. He is eligible to defer $14 of his daily rental for 3 months (to be paid back subsequently in the following 3 months), and also enjoys $20 rental waiver till 4 May 2020. 

 
Month 1
Month 2
Month 3
 15 Apr – 4 May5 May – 14 May15 May – 14 Jun15 Jun – 14 Jul
Daily Rental
Rate
$51.95$51.95$51.95$51.95
30% Rental Waiver– $20$0 $0 $0
20% Rental
Deferment
– $14– $14– $14– $14
Net Rental
$17.95 $37.95$37.95$37.95

3 months (91 days) later, from 15 July 2020 onwards , Mr Chua will be required to repay the total deferred rental amount via daily instalments. This amount will be paid back from 15 Jul 2020 till 13 Oct 2020.

 
Month 4
Month 5
Month 6
 15 Jul – 13 Aug14 Aug – 13 Sep14 Sep – 13 Oct
Daily Rental
Rate
$51.95$51.95$51.95
30% Rental Waiver$0$0 $0
20% Rental
Deferment
$14$14$14
$17.95 $65.95$65.95$65.95

The bonus payout will be credited to your Grab Driver Credit Wallet by the first week of May 2020.

Hirers are screened through our internal credit scoring system which has an element on history of payment defaults. If you had defaulted in your payment to GrabRentals and had gotten a message regarding your outstanding payment due, you will not be eligible for the deferment programme. You may appeal through grabrentals.sg@grab.com and we will attend to your request as soon as we can.

In partnership with LTA, we’ve obtained approval for ALL our vehicles to carry out GrabFood and GrabExpress deliveries! Our cars are already covered with valid insurance so that our Hirer-Partners can start delivering as soon as possible to supplement your earnings. Find out more info on how to sign-up here.

GrabRentals Booster Plan 

To be eligible for this, Renter must:

  1. Have a PDVL or TDVL.
  2. Rent from GrabRentals’ own fleet.
  3. Have an active contract at the point of signing up.
  4. Make timely payment of all Rental Charges & CDW charges at all times.
  5. Make timely reporting of all accidents, thefts & other incidents in accordance with the Rental Agreement.
  6. Fulfil the rental contract agreed upon your rental agreement (Any early termination including temporary returns will result in the clawback of any benefits, incentive and/or reimbursement made under this programme).

To be eligible for the direct discount during the circuit breaker period, Renter will:

  1. No longer be able to claim any GrabRentals Beyond Loyalty Programme benefits such as Rental Holidays, Tenure-based Benefits, Rental Recovery Days until end of Sept 2020.
  2. Not be allowed to change his/her vehicle unless due to special circumstances.

To be eligible for the deferred payment scheme, Renter:

  1. Will be required to have at least a 3 months contract.
  2. Will be required to opt-in to the CDW scheme.
  3. Will not be allowed to change his/her vehicle unless due to special circumstances.
  4. Must pass our eligibility requirements.
  5. May be taken off the programme prior to the full 6-month deferment period if he/she fails any obligation as a Grab Driver Partner (with reference but not limited to, to Grab’s Code of conduct) or are delinquent on any of your rental and/or CDW charges, reverting your rental rates back to your original rental rate upon sign-up. In this event, your rental deposit may be forfeited to pay off the outstanding Suspended Rental Charges.
  6. Grab reserves the right to revert back to 100% of the rental fees if found ineligible due to reasons, including but not limited to, fraudulent activities, bankruptcy, default in regular payments from GrabRentals & other payment from all Grab Verticals.
  7. GrabRentals reserves the right to withdraw, amend and/or alter any part of this scheme and its terms and conditions at any time without prior notice.
  8. All other prevailing terms and conditions in the current Rental Agreement applies.

Promotion

  • Sign-up between 13 April – 17 April 2020.
  • Vehicle collection latest by 30 April 2020.
  • Existing GrabRentals Hirer-Partners who return their car on/after 13 April 2020 will not be eligible for this offer.
  • While on this contract, the Hirer will not be entitled to any ongoing and upcoming GrabRentals-related benefit program e.g. GRBeyond, rebates & any other similar initiatives, unless otherwise permitted by GrabRentals.
  • Collision Damage Waiver (CDW) is Compulsory for 3, 6, 12 & 24 months contract.
  • The hirer may return the cars as long as he/she provides at least 7 working days notice by submitting the online car return form (https://www.grab.com/sg/vehicle-return/)
  • On/after 12-months from car collection date, GrabRentals may choose to revert rental rates to the prevailing open-contract rates, or recall the vehicle. The hirer will be given 2-weeks advance notice regarding this to allow sufficient time to return the car on his/her own, if needed.

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