David Purinton, owner and president of PurCo, shares best practices on how car rental operators can effectively recover loss of use and administrative fees.
The Colorado State Supreme Court ruling in PurCo v. Koenig was a major victory for the car rental industry regarding the ability to collect loss-of-use damages. But the fight is far from over.
In a historic ruling for the car rental industry, the Court holds that ‘PurCo is entitled to recover loss-of-use damages irrespective of actual lost profits.’
Roger Van Horn, vice president for corporate loss control at Enterprise Holdings, addressed a column by consumer advocate Chris Elliott on loss of use. Van Horn emphasizes that a rental agency is compensated for loss of use, not loss of revenue, while a vehicle is out of service.
A Colorado Appellate Court clears the way for recovery of loss of use damages and administrative fees.
A Florida Supreme Court case regarding damaged underground telephone cables threatens to rewrite some state laws and run roughshod over car rental loss of use claims.
At about one-fourth the cost of traditional dent removal at a body shop, on-site paintless dent removal (PDR) puts a vehicle back into service quicker and ups a turnback vehicle’s value in the auction lane.
Are losses like diminution of value and administrative costs pummeling your bottom line? Stop compromising. It’s time to raise the bar for risk management and loss recovery.
It’s common to encounter resistance when pursuing loss-of-use. But there are steps you can take to help keep your customer’s loyalty.
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