Re:Owning nothing is now a luxury, thanks to a number of sub...
by pjc50 on Tuesday June 11, 2019 @07:52AM
(#20154600)
> There's not much upside to owning something that depreciates in value.
Sure, so why is the sofa rental company in the business of owning sofas?
You've got to ask the question from the other side. You're paying someone else's cost of ownership and interest and overhead and profit margin.
In practice what consumer goods rental competes with is consumer credit. People don't sit on the floor for months while they save up the $2000 for the sofa, they buy it on credit. Lots of places offer interest free credit too! e.g. https://www.dfs.co.uk/content/finance
Sure, so why is the sofa rental company in the business of owning sofas?
You've got to ask the question from the other side. You're paying someone else's cost of ownership and interest and overhead and profit margin.
In practice what consumer goods rental competes with is consumer credit. People don't sit on the floor for months while they save up the $2000 for the sofa, they buy it on credit. Lots of places offer interest free credit too! e.g. https://www.dfs.co.uk/content/finance
For most people there is no "rest of the money".