Glossary
Weekly rate
A discounted rental rate tied to a 7-day booking window — used to incentivise longer rentals and improve average length-of-rent, often producing a cliff where 7 days costs less than 6.
A weekly rate is a discounted daily rate that activates when the rental length crosses a 7-day threshold. The mechanic produces a small price cliff: a 6-day rental at the daily rate often costs more than a 7-day rental at the weekly rate. Operators tolerate the cliff because the average length of rent (ALR) is one of the most direct levers on fleet utilization — longer rentals mean less inter-rental downtime, less cleaning, less paperwork.
The weekly rate is rarely a flat per-day discount. It is usually expressed as a single price for the 7-day block, which allows operators to disguise the effective per-day rate from comparison engines and from competitors. Anchoring on "EUR 280 / week" reads differently from "EUR 40 / day × 7 = EUR 280" even though the math is identical, and conversion rates differ accordingly.
In renviq the weekly rate is one of several length-of-rent tiers on the tariff template: each tier has a minimum day count and a per-day price, and the pricing pipeline picks the best tier for the booking length. The cliff effect is visible in the quote breakdown, so operators can decide whether to soften it with a partial week discount or leave it as a conversion lever.