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The difference being that KickSplit's insurance would cover that loss. It's more likely KickSplit doesn't want to introduce friction for potential renters. $3
by bduerst 7y ago
The difference being that KickSplit's insurance would cover that loss.
It's more likely KickSplit doesn't want to introduce friction for potential renters. $3,500 is a large deposit for someone who just wants to pay $75 rent on a few hours of use.
- jacobjuul 7y agoI really don't think that's an unreasonable amount. Most people are renting this equipment for professional use and should easily be able to put that money down.
- namibj 7y agoThe reason I'd rent such equipment would be that I couldn't afford to own it. I would not handle it uninsured, of course, but I'd likely not pay to insure it against it getting stolen from me. That risk I'd eat and compensate with suitable security measures.
- gingabriska 7y agoBut putting those charges on your card within your credit limit and credit period doesn't cost much.
- namibj 7y agoCan't afford would mean needing insurance, or selling/pawning property. Proper vetting enables you to use the threat of criminal prosecution and civil restitution to indirectly use the customer's remaining property as collateral.
- londons_explore 7y agoYou only need to secure a deposit which covers the black-market price of the equipment. So probably ~30% of face value.