Split prepayment is a multi-part payment method where the customer pays a portion of the rental price when making the booking. The remaining prepayable amount, known as the balance, is collected from the customer before the rental period begins. Typically, customers would be required to settle the entire rental price before picking up the vehicle. However, with split payments, rather than paying the full amount upfront, customers have the flexibility to spread their payments across several instalments over a more extended period of time.
