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Junior Varsity
Rental Pricing
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<blockquote data-quote="Marlow Wilson" data-source="post: 27527" data-attributes="member: 47"><p>Re: Rental Pricing</p><p></p><p></p><p></p><p>Both of those sound like cross rental prices to me. If you're renting to people off the street, the percentage should be a little higher than that to cover the cost of explaining things to the customer, preparing paperwork for a one-off, testing each and every feature upon return, etc. For dry-rental items, the depreciation costs must also be accounted for. For example, and VRX 918 might be $50 a day for dry rental because the depreciation is minimal and it's out almost every weekend. A High end DJ mixer or wireless mic of equivalent or lesser value might demand $75 or $100 to cover the less frequent use and/or higher annual depreciation expense (ie shorter depreciation term, whether from wear and tear or anticipated obsolescence).</p></blockquote><p></p>
[QUOTE="Marlow Wilson, post: 27527, member: 47"] Re: Rental Pricing Both of those sound like cross rental prices to me. If you're renting to people off the street, the percentage should be a little higher than that to cover the cost of explaining things to the customer, preparing paperwork for a one-off, testing each and every feature upon return, etc. For dry-rental items, the depreciation costs must also be accounted for. For example, and VRX 918 might be $50 a day for dry rental because the depreciation is minimal and it's out almost every weekend. A High end DJ mixer or wireless mic of equivalent or lesser value might demand $75 or $100 to cover the less frequent use and/or higher annual depreciation expense (ie shorter depreciation term, whether from wear and tear or anticipated obsolescence). [/QUOTE]
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