Terms

DEFINITIONS. "Agreement" means all terms and conditions found on both sides of this form, any addenda or any additional materials we provide at the time of rental. "You" or "your" means the person identified as the "renter" under "Client Information" on Page 1, any person signing this agreement, any authorized Driver and any person or organization to whom charges are billed by us on the renter's direction. All persons referred to as "you" or "your" are jointly and severally bound by this agreement. "We," "our" or "us" means VELOCITY RENTALS, a Minnesota limited liability company, dba VELOCITY Luxury and Classic Rentals, the Rental Agent identified at the top of Page 1. "Authorized Driver" means you, any additional driver approved by us and listed by us on this agreement, and any other driver authorized by the law of the state where the vehicle is rented provided that person has a valid driver's license and, unless the law of this state requires otherwise, is at least twenty-five (25) years of age. "Vehicle" means the automobile identified in this agreement and any substitute and all its tires, tools, accessories, keys, equipment, keys, and vehicle documents. "Physical damage" means all damage to, or loss of, the Vehicle caused by collision or upset; it does not include damage to, or loss of the Vehicle due to theft, vandalism, act of nature, riot or civil disturbance, hail, flood, or fire. "Loss of use" means the amount calculated by multiplying the number of days/weeks/months from the date of damages to the Vehicle until it is repaired times the corresponding periodic rental rate, unless otherwise provided by law.

RENTAL. This agreement is a contract for the rental of the Vehicle. WE MAKE NO WARRANTIES, EXPRESS, IMPLIED OR APPARENT REGARDING THE VEHICLE, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR THAT THE VEHICLE IS FIT FOR A PARTICULAR PURPOSE. We may repossess the Vehicle at your expense without notice to you, if the Vehicle is abandoned or used in violation of law or this agreement. You waive all recourse against us for any criminal reports or prosecutions that we take against you that arise out of your breach of this agreement.

CONDITION AND RETURN OF VEHICLE. You must return the Vehicle to our rental office or other location we specify on the date and time specified in this agreement and in the same with a full tank of gas and in the condition that you received it, except for ordinary wear. Service to the Vehicle or replacement of parts or accessories during the rental must have our prior approval. You will check and maintain all fluid levels. 

RESPONSIBILITY FOR DAMAGE OR LOSS; REPORTING TO POLICE. You are responsible for all damage to or loss of the Vehicle, loss of use of the Vehicle while it is being repaired, diminution of the Vehicle's value caused by damage to it or repair of it, missing equipment, and all administrative costs we incur due to damage to, or loss of, the Vehicle regardless of whether or not you are at fault, unless this responsibility is otherwise limited by law. You must report all accidents or incidents of theft and vandalism to the police as soon as you discover them. You must report all accidents involving the vehicle to us immediately.

INSURANCE. You affirm and acknowledge that the condition of the vehicle under this Agreement is excellent without any defects to the interior, exterior or engine of the vehicle at the time of rental. You hereby agree that you shall follow all terms of this Agreement and are fully liable for any damage, changes or alterations to the condition to the vehicle upon its return and shall be subject to coverage for liability under any of their applicable insurance policy(s). 

You affirm and state that you are a lawfully licensed and valid driver in the United States and have a current and valid insurance policy for adequate comprehensive coverage ($100k min) for any auto related incidents.

You agree that you are responsible for all damages or losses you cause to others, yourself and/or the vehicle. You agree to provide auto insurance covering you, us, and the Vehicle. You will indemnify, defend, and hold us harmless from all liability, costs and attorney fees arising out of use of the Vehicle. The parties agree that this agreement shall be subject to the Graves Amendment to vicarious liability and all other applicable local, state and federal laws.

CHARGES. You will pay us on demand for all charges due under this Agreement that are allowed by law, including, but not limited to: (1) time and usage for the period during which you keep the Vehicle; (b) charges for optional services, if you elect to purchase any; (c) applicable sales use and other taxes; (d) loss of, or damage to the Vehicle, which is included in the cost of repair of the retail value of the Vehicle based on valuation methods accepted by the auto insurance industry on the date of the loss if the Vehicle is not repairable, plus loss of use, diminution of the Vehicle's value caused by damage to it or repair to it, and our administrative fees incurred for processing the claim; (e) all fines, penalties, forfeitures, court costs, towing charges and other expenses involving the Vehicle assessed against us or the Vehicle during your rental, unless these expenses are our fault; (f) all expenses we incur in locating and recovering the Vehicle if you fail to return it or we elect to repossess the Vehicle under the terms of this Agreement; (g) all costs, including pre and post judgment attorney fees, we incur collecting payment from you or otherwise enforcing our rights under this agreement; (h) Fifty dollars ($50.00) plus $5.00 per mile between the renting location and place where the vehicle is returned or abandoned, plus any additional recovery expenses we incur, and (i) Fifty dollars ($50.00) per hour will be automatically charged to the card on file should the vehicle return after the agreed upon time with no prior communication.

DEPOSIT. You will provide a security deposit of Two Thousand dollars ($2,000.00) which will be deducted from the amount to be paid over the term of the Rental. We may use your deposit to pay any damages or late fees owed to us under this agreement.

BREACH OF AGREEMENT. If you breach this agreement, you will be liable for all damage to, or loss of, the Vehicle caused by your breach, unless otherwise provided by law.

MODIFICATIONS. No term of this agreement can be waived or modified except by a writing that we have signed. If you wish to extend the rental period, you must contact us a minimum of three (3) hours before your rental period is over to check availability.

MISCELLANEOUS. No waiver by us of any breach of this Agreement will constitute a waiver of any additional breach or waiver of the performance of your obligations under this agreement. Unless prohibited by law, you release us from any liability for consequential special or punitive damages in connection with this rental or the reservation of a vehicle. If any provision of this Agreement is deemed void or unenforceable, the remaining provisions are valid and enforceable. This agreement constitutes the entire Agreement between you and us. All prior representations and agreements between you and us are merged into this agreement.

ADDED RISK. You acknowledge the inherent nature and added risks of our vehicles, being of high performance and some older in age. you acknowledge the additional risks associated with such vehicles, be it safety features and/or high performance. You acknowledge and agree to not hold us liable for any damages, injuries, or any liability at all coming from these facts when renting our vehicles.

RENTAL AGREEMENT VIOLATIONS. You agree to properly operate this vehicle. If any of the following acts are committed, your deposit will be collected and you will be blacklisted from future rentals: It is agreed that the you shall not do or permit the following in or while using the vehicle, including but not limited to:

• Leave the Vehicle and fail to remove the keys or close and lock all doors, windows, and the trunk and the vehicle is stolen.
• No illegal or criminal acts, transporting of weapons or dangerous devices, or explosives.
• No reckless driving, excessive revving, burnouts, drifting, drag, street, or track racing.
• No removing parts, making modifications to the car, tampering or removing parts, tuning, flashing, mapping via OBD2 or any other means.
• No alcohol, drugs or controlled substances in the vehicle. No driving while intoxicated or under the influence of drugs, alcohol or other substances which would impair driving ability.
• No illegal activity (prostitution, kid napping, etc...)
• No subleasing, assignment, or commercial for profit use (Door Dash, Uber, Lyft, Uber eats, etc...)
• No unauthorized, unlicensed or uninsured driver(s).