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Fee and Commission Schedule

We’re building a safe and trusted vehicle sharing community. The fees outlined below are meant to encourage the growth and success of a happy community and discourage any irresponsible behavior. When small issues do arise, it’s always best if Members can work them out between themselves. However, if you see anything that looks particularly wrong, please contact us.

Standard Fees

Standard Fees cover the running costs of Cosmic , including Renter insurance, and running our site, hardware, and applications. These fees are in addition to the hourly, daily, and/or weekly rate of the Vehicle which is set by the VehicleOwner. Cosmic charges a 10% commission from all trips booked, including trip extensions. Each trip extension is processed as a new trip and is billed separately from the initial booking.

Renters have no monthly fees unless picked by them but are subject to the following fees when renting on Cosmic:

Booking Fee

A nominal Booking Fee will be charged for every Trip. This Booking Fee is charged to the Renter for the reservation of a Cosmic vehicle and is required for each trip. Discount codes and promotions cannot be applied to the Booking Fee as they can sometimes include the cost of insurance.

3% of Trip price
($1.00 minimum)

Owners are subject to the following fees while sharing their vehicle on Cosmic :

Cosmic Rover: $650 USD including free shipping + taxes

A one time fee of purchasing a Cosmic Rover will be charged to the owner of the Rover

Cosmic Super Lock: $90 USD including free shipping + taxes

A one time fee of purchasing a Cosmic Super Lock will be charged to the owner of the Super Lock.

Cosmic Super Lock PRO: $190 USD including free shipping + taxes

A one time fee of purchasing a Cosmic Super Lock PRO will be charged to the owner of the Super Lock PRO.

Cosmic Locator: $20 USD including free shipping + taxes + $1 per month per Locator

Cosmic Subscription

A monthly fee of $13 per GSM connected device will be charged in addition to data fees.

Credit Card Processing Fees: 3.5%

Owners will automatically have the cost of credit card processing taken out of the payments from renters owed to them.

Accompanying Fees

These accompanying fees are charges related to additional services provided by Cosmic , and are designed to incentivize courteous and responsible vehicle-sharing among Members.

Renter Cancellation Fee

When a Renter cancels a Trip, a Renter Cancellation Fee may be charged at Cosmic’s sole discretion. This fee is charged to compensate for the time the vehicle was booked and unavailable for other potential renters.

After a Trip has started, it is not refundable and may not be canceled.

Cancellation within 1 hour after booking the Trip but before the Trip start time: no fee.

More than 1 hour after booking the Trip, the following renter cancellation fees apply:

    1. Cancellation prior to 24 hours  before the Trip starts: no fee.

2. Cancellation less than 24 hours before the trip starts: 50% of rental price.

Owner Cancellation Fee

When an Owner cancels a booked Cosmic  Trip, an Owner Cancellation Fee may be charged at Cosmic ‘s sole discretion. This fee is charged to cover the costs of rebooking the affected renter to another vehicle.

After a Trip has started, it may not be canceled.

If the Trip is canceled more than 24 hours before the Trip starts: no fee.

Less than 24 hours before the Trip starts, the following owner cancellation fees apply:

    1. If canceled less than 24 hours               before the Trip starts: $5.00.

2. If canceled less than 1 hour before        the Trip starts: $10.00.

3. Canceled with no advance notice        (No-Show): $25.00.

Cleaning Fee

When a Renter returns a vehicle excessively dirty, a Cleaning Fee of $20 USD will be charged at Cosmic ‘s sole discretion.

Damage Fee

In the event of any loss or damage to the vehicle, or any personal property or bodily injury claim, that occurs during the Trip period due to any cause regardless of fault, including, but not limited to, collision, theft, vandalism, seizure, fire, flood, hail or other acts of nature or God, the Renter is held responsible, and is required to pay Cosmic a Damage Fee. In the event a renter has violated Terms of Service, the fee does not apply, and the renter may be held responsible for the full amount of the claim.

Standard Damage Fee: $500USD
Specialty Damage Fee: $1,000USD

Improper Return Fee: $25 USD

If a Member returns a vehicle improperly resulting in inconvenience for the next renter, an Improper Return Fee may be charged at Cosmic ‘s sole discretion. Improper Return Fees may be applied if the vehicle is returned at the incorrect parking space within a garage or lot, lights are left on resulting in a dead battery, or any other instance where a Member returns a vehicle negligently and/or improperly.

Service Fee: $25USD – $500USD

When Cosmic  intervenes in any event due to violations of our Terms of Service or other actions taken by a Member, Service Fees may be charged at Cosmic ‘s sole discretion to cover administration and other costs incurred to resolve the issue.

Pass-Through Charges

Pass-Through Charges cover costs that Cosmic  or a Member incurs as a result of actions taken by another Member. Additional fees may also be charged to cover administration and processing at Cosmic ‘s sole discretion.

Citation Charge

Renter agrees to be solely liable for parking tickets, traffic citations, and other infractions and violations that occur during and subsequent to the Trip, and all fees resulting from such violations per Cosmic  policy. It is the sole responsibility of the Renter to pay these fees in a timely manner and to comply with all legal obligations that arise from such violations. An additional Citation Fee may also be charged at Cosmic’s sole discretion.

Highest amount on citation (+ $25.00 Citation processing Fee)

Regular Maintenance Charge

The Owner is responsible for all regularly scheduled maintenance on the vehicle in line with Cosmic policy. In certain cases, Cosmic and/or a Renter may cover required maintenance up front, at Cosmic ‘s sole discretion. When Cosmic  or a Renter shoulders costs for a vehicle’s regularly scheduled maintenance, the Owner is responsible to pay these costs and will be charged a Regular Maintenance Charge to cover the parts, servicing, and other associated costs incurred.

Cost of parts + servicing

Fines

Fines are punitive charges associated with unacceptable Member behavior.

Late Return Fine

If a Renter returns a vehicle late resulting in inconvenience to another Member, the Renter will be charged the hourly rate of that vehicle plus a Late Return Fine for each hour the vehicle is late. Late Return Fines will be charged at Cosmic’s sole discretion.

$10.00/hour up to $150.00
(+ hourly rate of the car)

Unauthorized Driver Fine

If a Renter allows an unauthorized rider to operate a Cosmic vehicle during any Trip period, the Renter will be charged an Unauthorized rider Fine at Cosmic’s sole discretion. Payment of the Unauthorized Driver Fine does not imply Cosmic  membership or insurance coverage for the unauthorized rider.

$250.00

Owner Reimbursements

Owner Reimbursements are added to the Owner’s monthly earnings payout to reimburse for Renter-incurred expenses which the owner shoulders to resolve the issue. Additional earnings adjustments may also be added to the Owner’s monthly payout to compensate for the time and effort of resolving Renter-incurred expenses.

Citation Reimbursement

The Owner is responsible to settle Renter-incurred traffic tickets, citations, and violations directly to prevent additional penalties due to late payment. The Owner may then submit a copy of the citation and payment receipt to Cosmic to request a Citation Reimbursement for the expense.

Citation Reimbursement requests must be submitted to Cosmic  within 90 days of the violation issue date. Any and all late or delinquent penalties are the responsibility of the Vehicle Owner.

Cost of settling citation
(+ $15.00 earnings adjustment)

Cleaning Reimbursement

If a Renter returns a vehicle excessively dirty, the Owner may have the vehicle cleaned and submit a payment receipt to Cosmic to request a Cleaning Reimbursement.

The Owner must submit thorough documentation of the incident to Cosmic, including photos and payment receipts, to request a Cleaning Reimbursement.

Up to $45.00
(+ $15.00 earnings adjustment)

Improper Return Reimbursement

If a Renter returns a Vehicle improperly, such as blocking a driveway, failing to curb the wheels, losing a garage/parking card, or leaving lights on resulting in a dead battery, the Owner may intervene to prevent a tow, citation, and/or inconvenience to the next Renter. The Owner must submit thorough documentation of the incident to Cosmic, including photos and payment receipts where applicable, to request an Improper Return Reimbursement.

$30.00

Late Return Reimbursement

If a Renter returns a Vehicle late resulting in inconvenience to another Member, Cosmic  may remit compensation to the owner for each hour the Renter is late returning the car. Late Return Reimbursements are in addition to the hourly rate of the Vehicle less Cosmic  commission.

$10.00/hour up to $150.00
(+ hourly rate of the Vehicle less Cosmic  commission)

Renter Cancellation Reimbursement

If a Renter cancels a trip over 1 hour after booking the Trip and less than 24 hours before the Trip start time, the Owner may request a Renter Cancellation Reimbursement for the time the Vehicle was booked and unavailable for other potential renters.

50% of Owner revenue for canceled Trip‍

Deposits

Deposits are charges which are eventually refunded if certain conditions are met.

Security Authorization

As a security measure, Cosmic  may add a temporary authorization of up to $50, usually for first-time renters only. This authorization is immediately voided. Depending on your bank, these funds may take a few days to become available.

Good Faith Deposit: $150

The Good Faith Deposit is a charge charged to a Member after one or more community violations at Cosmic’s sole discretion. The Good Faith Deposit will be refunded to the Member if the Member follows all of Cosmic ‘s Terms of Service and community policies for an amount of time to be determined by Cosmic .

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One Last Step!

Please read and sign the Mutual Non Disclosure Agreement below. At Cosmic we take privacy very seriously and want to make sure we can freely share information with you.

This Agreement is made and entered into as of the last date signed below (the “Effective Date”) by and between Cosmic GO, LLC, a US corporation having its principal place of business in Delaware ("Company") and the party listed below(the "Second Party"). WHEREAS Company and the Second Party (the “Parties”) have an interest in participating in discussions wherein either Party might share information with the other that the disclosing Party considers to be proprietary and confidential to itself (“Confidential Information”); and WHEREAS the Parties agree that Confidential Information of a Party might include, but not be limited to that Party’s: (1) business plans, methods, and practices; (2) personnel, customers, and suppliers; (3) inventions, processes, methods, products, patent applications, and other proprietary rights; or (4) specifications, drawings, sketches, models, samples, tools, computer programs, technical information, or other related information; NOW, THEREFORE, the Parties agree as follows: 1. Either Party may disclose Confidential Information to the other Party in confidence provided that the disclosing Party identifies such information as proprietary and confidential either by marking it, in the case of written materials, or, in the case of information that is disclosed orally or written materials that are not marked, by notifying the other Party of the proprietary and confidential nature of the information, such notification to be done orally, by e-mail or written correspondence, or via other means of communication as might be appropriate. 2. When informed of the proprietary and confidential nature of Confidential Information that has been disclosed by the other Party, the receiving Party (“Recipient”) shall, for a period of three (3) years from the date of disclosure, refrain from disclosing such Confidential Information to any contractor or other third party without prior, written approval from the disclosing Party and shall protect such Confidential Information from inadvertent disclosure to a third party using the same care and diligence that the Recipient uses to protect its own proprietary and confidential information, but in no case less than reasonable care. The Recipient shall ensure that each of its employees, officers, directors, or agents who has access to Confidential Information disclosed under this Agreement is informed of its proprietary and confidential nature and is required to abide by the terms of this Agreement. The Recipient of Confidential Information disclosed under this Agreement shall promptly notify the disclosing Party of any disclosure of such Confidential Information in violation of this Agreement or of any subpoena or other legal process requiring production or disclosure of said Confidential Information. 3. All Confidential Information disclosed under this Agreement shall be and remain the property of the disclosing Party and nothing contained in this Agreement shall be construed as granting or conferring any rights to such Confidential Information on the other Party. The Recipient shall honor any request from the disclosing Party to promptly return or destroy all copies of Confidential Information disclosed under this Agreement and all notes related to such Confidential Information. The Parties agree that the disclosing Party will suffer irreparable injury if its Confidential Information is made public, released to a third party, or otherwise disclosed in breach of this Agreement and that the disclosing Party shall be entitled to obtain injunctive relief against a threatened breach or continuation of any such breach and, in the event of such breach, an award of actual and exemplary damages from any court of competent jurisdiction. 4. The terms of this Agreement shall not be construed to limit either Party’s right to develop independently or acquire products without use of the other Party’s Confidential Information. The disclosing party acknowledges that the Recipient may currently or in the future be developing information internally, or receiving information from other parties, that is similar to the Confidential Information. Nothing in this CONFIDENTIAL Non-Disclosure Agreement Agreement will prohibit the Recipient from developing or having developed for it products, concepts, systems or techniques that are similar to or compete with the products, concepts, systems or techniques contemplated by or embodied in the Confidential Information provided that the Recipient does not violate any of its obligations under this Agreement in connection with such development. 5. Notwithstanding the above, the Parties agree that information shall not be deemed Confidential Information and the Recipient shall have no obligation to hold in confidence such information, where such information: (a) Is already known to the Recipient, having been disclosed to the Recipient by a third party without such third party having an obligation of confidentiality to the disclosing Party; or (b) Is or becomes publicly known through no wrongful act of the Recipient, its employees, officers, directors, or agents; or (c) Is independently developed by the Recipient without reference to any Confidential Information disclosed hereunder; or (d) Is approved for release (and only to the extent so approved) by the disclosing Party; or (e) Is disclosed pursuant to the lawful requirement of a court or governmental agency or where required by operation of law. 6. Nothing in this Agreement shall be construed to constitute an agency, partnership, joint venture, or other similar relationship between the Parties. 7. Neither Party will, without prior approval of the other Party, make any public announcement of or otherwise disclose the existence or the terms of this Agreement. 8. This Agreement contains the entire agreement between the Parties and in no way creates an obligation for either Party to disclose information to the other Party or to enter into any other agreement. 9. This Agreement shall remain in effect for a period of three (3) years from the Effective Date unless otherwise terminated by either Party giving notice to the other of its desire to terminate this Agreement. The requirement to protect Confidential Information disclosed under this Agreement shall survive termination of this Agreement.

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