Thread: Rental prices
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Old 05-12-2003, 06:04 AM   #8
GyroGo
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Join Date: Sep 2002
Location: Chicago, IL, USA.
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Although it unfortunately creates an obstacle to the occasional rental by owner, a rental contract should be used to protect both parties and clarify expectations and responsibilities regarding such issues as intended use, training of users, liability, insurance, etc.

I have anticipated the difficulty most people will have setting rental rates and have some recommendations on www.SegCenter.com . However, since rental locations are just now emerging and a daily rental to an already trained user is not the common scenario, daily or hourly rates have not been included in the "Market Rates" section. One factor to keep in mind is that if you have a location where people walk up all day to rent Segs you are operating much more efficiently and can thereby offer lower rates than if you are making special arrangements for each transaction. Not including delivery or travel costs, or any legal fees to prepare a contract, and including a liability waiver by the renter, IMHO $100 still seems to be at the low end of the reasonable range, considering the work in arranging and facilitating a unique transaction. My guess is that a fair rate under these circumstances might be in the $200-300 range. I do not claim to be an expert, except maybe relative to all other experts in the Segway rental pricing field.

. . SegCenter.com . .
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