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Rental Conditions in Panama

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Conditions

Currency

American Dollar (USD) and Balboa (PAB).

Airport surcharge

Tax

7%.

Age information

The minimum age is 21.

An underage fee of USD 9.99 plus tax will apply to all drivers between the ages of 21-23

Maximum age

The maximum age is 70 years.

Credit Cards

An International credit card on the renter’s name and accepted by Budget will be required at the time of rental.

At the time of rental we will charge the customer’s credit card for the estimated rental amount (or any extra charge not included in the Voucher, such as, gas, insurance deductible, etc.).
The credit card amount will vary depending on car group rented and coverage selected. An additional credit card hold of USD 5,000.00 will apply, if customer declines LDW.

While the hold is in place the funds will not be available for use.
When the rental is over Budget will process the reversal but the bank may take time to post it back to the account.

Budget Panama accepts American Express, Budget Cards, Diners Club, MasterCard, Visa

Driver's License (Physical)

A valid driver’s license from the country of residence must be presented in person at the time of rental.

The renter’s license is accepted for 90 days without additional requirements. After 90 days the renter will need to obtain a national license.Customers presenting a driver’s license in a non-Roman alphabet must also present an International Driving License to serve as a translation in addition to their valid driver’s license.

Check at the counter for additional details.

Debit card

Debit cards are not accepted.

Additional Drivers

All drivers must meet the same minimum age and driver’s license requirements as the renter.
An additional driver fee of USD 4.99 plus taxes per day per additional driver will apply.

Each additional driver should be registered by the renter at the rental counter at the time of check-in.
If an additional driver needs to be registered during the rental, the Budget vehicle must be brought to the location for inspection.

Check at the time of rental for complete details.

Hold Amount

Important

Budget and Budget licensees reserve the right to refuse any request for rental including requests for persons under age, persons not in possession of a recognized full and valid driver's license, persons unable to satisfy credit or cash requirements, or persons who, in the opinion of Budget, constitute a risk.

Insurances & Coverages

LDW - Loss Damage Waiver

Purchase of LDW is optional. Purchase relieves the customer’s financial responsibility to the vehicle.
The minimum cost is USD 24.99, not to exceed USD 34.99 per day.

If LDW is declined the renter would be responsible for up to the full value of the vehicle and a credit card hold will apply.
See credit card information.

Please verify at time of booking the costs, scope and limitations of this coverage.

SLI - Supplemental Liability Insurance

Purchase of SLI is optional at a cost of SLI is USD 16.00 per day.

SLI provides liability coverage in case of injury or damage to persons or property outside of the vehicle.

Please verify at time of booking the costs, scope and limitations of this coverage.

PDW - Partial Damage Waiver

Purchase is optional and reduces the customer’s financial responsibility for the vehicle.
Check at the counter for additional coverage packages and details.

Please verify at time of booking the costs, scope and limitations of this coverage.

PAI - Personal Accident Insurance

Purchase is optional at a cost of USD 3.99 per day.

PAI provides insurance in case of injury or death to the driver and/or passengers in the vehicle.

✓ Medical expenses up to USD 1,500 per passenger.
✓ Death USD 25,000 for main driver.
✓ Death of each passenger (up to the maximum capacity established by the manufacturer) USD 10,000 per passenger.

Please verify at time of booking the costs, scope and limitations of this coverage.

PEP - Personal Effects Protection

Purchase covers personal effects in the rental car up to a limit of USD 1,000.00 with a USD 50.00 deductible.

Additional charges

Fuel and Electricity Charges

Fuel is not included in the rates.

A full tank of gas is provided at the time of rental and the vehicle should be returned with a full tank of gas to avoid additional charges.
If you have refueled please keep your receipt for verification purposes.

Refueling charge may result in a rate higher that the local retail gasoline price and is subject to taxes and fees.

Additional information

One Way rentals

Cars can be returned to other Budget locations in Panama based on car availability.
One-way fees may apply.

One-way rentals outside the country are not permitted.

Driving restrictions

Cross the border

Cross Border Traffic is not allowed.
Budget cars rented in Panama are not allowed to travel outside the country.

Optional services and equipment

Child Safety Seats

Child Safety Seats (CSS) are available on request at a cost of USD 3.00 per day.
Customer must advise of age and weight of child.

An advance reservation of 24 hours is recommended.

GPS

GPS is available for USD 9.95 per day.

If stolen or damaged, a USD 200.00 fee for Loss/Damage will apply.
Advance reservation of 24 hours is recommended.

Other equipment may be available.
Check with reservations or the counter for availability and additional details.

Mobile Wi-Fi

WIFI is available at a cost of USD 9.95 per day.An advance reservation of 24 hours is recommended.