Terms & Conditions

Driver's Qualifications

Must be in a possession of a valid international driving license and the minimum age is 25. renter under the age of 25 must hold a driving license for at least 3 years. a special insurance can be arranged at an extra cost of €15 per day.

Changes to Reservations

Formula allows you to make changes to a reservation online by the 'modify/cancel a reservation' page.

any change to a booking will be recalculated based on the availability and prices at the time the change is made. this may be greater or lesser than the price originally booked.

the lead customer name and the pick-up location on a reservation cannot be changed. if you wish to change the lead name or the pick-up location, then you must cancel the reservation and make a new reservation.

Cancel Reservation

Customers may cancel their online reservation, up to 48 hours prior to the date and time of car pick-up, through "modify / cancel reservation", on the homepage of www.formulacyprus.com the cancellation is not subject to any cost.

to cancel the reservation, the customer must fill in the registration number and surname of the driver, as stated on the confirmation email of the reservation. after verifying the cancellation, the customer receives a confirmation email of the cancellation in the email stated during the online booking process.

Rental Extensions

Should you wish to extend your rental beyond the agreed date, kindly inform r.m.a formula office at least 48 hours in advance.

Early Termination

If the renter wishes to terminate the rental agreement earlier than the agreed period, r.m.a formula will refund only the 50% of the total amount for the remaining days.

Car Availability

All reservations are subject to availability. in case we are unable to provide you with a car of the category you have chosen, we will try to provide you with a car of the next category with no extra charge.