FriendyCar provides a business networking platform that matches Members looking for a Vehicle to borrow with Members wishing to lend their Vehicles. FriendyCar is an intermediary, and not a party to the borrowing transaction conducted between the Members.
FriendyCar provides its Members with business networking tools. These tools enable Members to upload content, communicate with other Members, and make informed decisions about lending their Vehicles, or borrowing the Vehicle of another Member.
B. Borrowing Agreement
FriendyCar provides its Members a Vehicle Borrowing Agreement. A template of this agreement is available via the Website and/or the App.
This agreement contains a number of equitable rules and provisions required of the Car Owner and the Borrower, allowing the borrowing process to take place smoothly.
FriendyCar is not a party of the Borrowing Agreement between the Car Owner and the Borrower, and is therefore not bound by the obligations in the agreement and cannot be held liable for any violations thereof.
C. Payment Administration
FriendyCar manages the borrowing-related payments between Users via its payment administration partner. These payments may concern the borrowing price, for example, the mileage adjustment at the end of the borrowing, compensation for fuel levels, Salik toll, traffic tickets or any other applicable charges. They may also concern any penalties that one Member may owe to another under the Borrowing Agreement.
FriendyCar’s payment service will not intervene in the case of court decisions following disputes between Users.
If you make a payment for our products or services on our website, the details you are asked to submit will be provided directly to our payment provider via a secured connection.
We accept payments online using Visa, MasterCard and Meeza credit/debit card in AED or EGP (or any other currency as indicated on the website). The cardholder must retain a copy of transaction records.
Multiple borrowing requests, settlements, dispute handling requests, shipments and/or delivery may result in multiple postings to the cardholder’s monthly statement.
Any refunds will be done only through the Original Mode of Payment.
FriendyCar’s requests that all cars in our network are insured and meeting the regulations of the country. It is the responsibility of every Car Owner to insure his/her car with full insurance coverage, and to fill in the requested data related to listing the car on FriendyCar website in the correct way.
FriendyCar does not directly or indirectly insure the borrowings undertaken on the platform and is not responsible on any damage caused by the borrower. FriendyCar is only handling the process of listing the car information and its relevant documents, and the payment of the borrower towards any damages as per the Car Owner insurance policy and the financial conditions set in these Terms.
E. Damages and Borrower Responsibility
The Borrower shall be responsible to the Car Owner and FirendyCar for any and all theft of, damages to, or the loss of and loss of use, a Car Owner’s Vehicle during a Borrowing Period. In all cases, where Car Owner’s insurance policy does not cover a claim or a claim is in excess of the coverage provided by Car Owner’s insurance policy, the Borrower is liable for the entire amount of such claim, including the cost of replacement or repair of any involved vehicle and for any and all claims of any kind made by third parties.
F. Security Deposit Management
By using FriendyCar service, the borrower agrees that FriendyCar will charge him/her a security deposit that will be deducted from the Borrower payment method upon confirmation of the borrowing. The security deposit value is a variable amount, depending on the car value and the insurance policy provided by the Car Owner. This security deposit will be used to cover any penalties, insurance claims, and/or any other charges. In case the charges are above the security deposit amount, the Borrower will be charged the extra amount during or after the borrowing. In case the charges are less than the security deposit amount, a refund for the rest of the amount will be done within 30 days after the borrowing settlement.
Article is closed for comments.