Why can't we lease bicycles ?
07-10-22, 04:35 PM
#76
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I bet Wallmart will come up with a $ 25 per month 3 year leasing plan for one of their $ 299.99 specials....
07-10-22, 04:56 PM
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I think you should do it. Buy a bike, find someone who will sign up for a monthly lease, give them the bike, and wait for the money to show up.
What could go wrong?
John
What could go wrong?
John
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07-10-22, 05:14 PM
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It only took 10 seconds on Google to determine that bicycle leasing exists ...
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07-11-22, 05:17 AM
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Actually njkayaker is one of the few people w
ho got the point of this thread.
He talks about the logistics of leasing finance while most people just uselessly replied with obvious personal finance crap like "lEaSiNg BurNs MoneY oN FiRe"
The only other worthwhile replies mentioned the challenges of repo and tracking ownership, which would lead to futile court cases.
ho got the point of this thread.
He talks about the logistics of leasing finance while most people just uselessly replied with obvious personal finance crap like "lEaSiNg BurNs MoneY oN FiRe"
The only other worthwhile replies mentioned the challenges of repo and tracking ownership, which would lead to futile court cases.
07-11-22, 05:42 AM
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07-11-22, 06:59 AM
#82
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Leasing = Fleecing...It's just not profitable for an average consumer and a bad financial decision....Leasing vehicles is good if you're a business owner because you can claim your leasing expenses on your income tax and get a certain percentage of that money back...Leasing a bicycle would be plain stupid.
Once again, that is not the point of this thread.
07-11-22, 07:00 AM
#83
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This is exactly how the billion dollar auto leasing industry work.
Do you tell them the same thing?
07-11-22, 07:13 AM
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07-11-22, 07:17 AM
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07-11-22, 08:05 AM
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Two words, title registry.
Got that for bicycles?
Quit making this stupid comparison, this has been explained again and again to you.
You going to start doing this out of your garage?
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07-11-22, 09:09 AM
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07-11-22, 09:44 AM
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I wrote other stuff, which you missed or are ignoring.
The relative cost hides what is going on. Focusing on this is simplistic.
As a business, renting bikes at $10 (or whatever it would be based on relative cost) a day is a waste. It’s not worth doing. To make it worth doing, they have to charge more. Since you rented bikes at the higher price, you thought it was worth it.
Selling used cars is an important part of the car rental business. You can’t just look at what they charge for rental fees. It would seem that, whatever they are doing, the car rental business works.
Except in rare places, bicycle rentals don’t seem to work as a business (otherwise, you’d see more people doing it). And, even in the places we’re it’s a regular business, all of them charge much more that the cost of the bike would explain.
Last edited by njkayaker; 07-11-22 at 09:49 AM.
07-11-22, 10:26 AM
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How much would the bike that you rented for $150 for a week cost new? even retail, I doubt it was over $500.
How about that car you rented for $650? I am guessing at least $25K?
You paid just over 4 times as much to rent something that cost at least 50 times as much new.
I was simply stating the fact that bikes DO, in fact, cost more to rent than cars due when compared to THE NEW VALUE. And your example bears this out.
I assume there are good reasons for this (and I said so from the beginning) So much of the arguments that you’re throwing at me are simply explaining those reasons. I don’t disagree with any of them. I don’t know why you think I do. They simply back up a point I’m making.
The OP keeps using the fact that we have car leases to ask why we don’t have bike leases. Thus looking at relative economics of them makes sense.
Do you not realize that we agree on this? Or are you just upset that someone is explaining it from a different angle?
Last edited by Kapusta; 07-11-22 at 10:34 AM.
07-11-22, 10:46 AM
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Holy crap, I can’t believe despite how many times I’ve repeated this that you’re STILL not getting it.. I said bike rentals were more expensive RELATIVE TO THE NEW COST.
How much would the bike that you rented for $150 for a week cost new? even retail, I doubt it was over $500.
How about that car you rented for $650? I am guessing at least $25K?
You paid just over 4 times as much to rent something that cost at least 50 times as much new.
Yes, of course. Where on earth are you getting the idea that I think bikes should cost less to rent than they do?
I was simply stating the fact that bikes DO, in fact, cost more to rent than cars due when compared to THE NEW VALUE. And your example bears this out.
I assume there are good reasons for this (and I said so from the beginning) So much of the arguments that you’re throwing at me are simply explaining those reasons. I don’t disagree with any of them. I don’t know why you think I do. They simply back up a point I’m making.
The OP keeps using the fact that we have car leases to ask why we don’t have bike leases. Thus looking at relative economics of them makes sense.
Do you not realize that we agree on this? Or are you just upset that someone is explaining it from a different angle?
How much would the bike that you rented for $150 for a week cost new? even retail, I doubt it was over $500.
How about that car you rented for $650? I am guessing at least $25K?
You paid just over 4 times as much to rent something that cost at least 50 times as much new.
Yes, of course. Where on earth are you getting the idea that I think bikes should cost less to rent than they do?
I was simply stating the fact that bikes DO, in fact, cost more to rent than cars due when compared to THE NEW VALUE. And your example bears this out.
I assume there are good reasons for this (and I said so from the beginning) So much of the arguments that you’re throwing at me are simply explaining those reasons. I don’t disagree with any of them. I don’t know why you think I do. They simply back up a point I’m making.
The OP keeps using the fact that we have car leases to ask why we don’t have bike leases. Thus looking at relative economics of them makes sense.
Do you not realize that we agree on this? Or are you just upset that someone is explaining it from a different angle?
You provided no reason for why bike rentals cost what they do. You didn’t explain anything.
I provided a few reasons. And, for some reason, your knickers are in a knot. Bizarre.
07-11-22, 11:01 AM
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And you clearly still do not get my overall point. And I am pretty sure you are uninterested in doing so.
Edit: Actually, I think you did get my point a few posts back. My original post is really not that hard to follow, and my first follow up explanation would have cleared up any misunderstandings.
I think at this point you’re just trying to argue, and this has taken too much of my time.
Last edited by Kapusta; 07-11-22 at 11:12 AM.
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07-11-22, 11:06 AM
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07-11-22, 12:05 PM
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- This is obvious.
- Everybody knows it.
- No one is saying otherwise.
Bizarre. All you were interested in was to belabor an obvious thing. You had no interest in the why of that thing. That's bizarre.
Last edited by njkayaker; 07-11-22 at 12:11 PM.
07-11-22, 12:25 PM
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07-11-22, 12:26 PM
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I did not argue that. You are just confused.
I did say my experience here was different than "the same rate per day". That is not the same thing as the cost of the rental relative to the cost of thing being rented.
I rented bicycles this year (in Florida and California) and a weekly bicycle rental was about $150 and a weekly car rental was about $650. We rented the bikes for a shorter period than we did the cars but renting bikes was still "way cheaper".
Again, I was commenting about this.
Last edited by njkayaker; 07-11-22 at 12:38 PM.
07-11-22, 12:34 PM
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low profit margin & high risk are my thoughts.
someone could try putting there bicycle on Turo???
someone could try putting there bicycle on Turo???
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07-11-22, 01:04 PM
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07-11-22, 01:05 PM
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My points were very simple and you don't even seem to disagree with them, yet here you are, still arguing.
Last edited by Kapusta; 07-11-22 at 01:09 PM.