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Title: Why does it cost more to rent a car than a house? Post by: Bizmark13 on February 19, 2015, 05:29:08 PM http://s30.postimg.org/8t0br7t3l/rent.png
For example, the top shows an average compact late-model car. It's available to rent at a discounted rate for $35 per day which works out to $245 per week minus fees. Such a car would typically cost about $20,000. The bottom shows a house. It's available to rent for $70 per week which works out to $10 per day minus fees. Although rather small, there is no doubt that this house would be worth much more than the car above. Why is this so? Title: Re: Why does it cost more to rent a car than a house? Post by: Polycoin on February 19, 2015, 06:59:14 PM http://s30.postimg.org/8t0br7t3l/rent.png For example, the top shows an average compact late-model car. It's available to rent at a discounted rate for $35 per day which works out to $245 per week minus fees. Such a car would typically cost about $20,000. The bottom shows a house. It's available to rent for $70 per week which works out to $10 per day minus fees. Although rather small, there is no doubt that this house would be worth much more than the car above. Why is this so? That house looks like it's worth $500. I can make that by hand in 1 day. Title: Re: Why does it cost more to rent a car than a house? Post by: Snipe85 on February 19, 2015, 07:31:20 PM That house looks like it's worth $500. I can make that by hand in 1 day. I'd like to see you do it. I'd even pay $500 if you managed to pull it out. Title: Re: Why does it cost more to rent a car than a house? Post by: protokol on February 19, 2015, 07:33:50 PM You're more likely to crash a car than to crash a house?
Title: Re: Why does it cost more to rent a car than a house? Post by: steveturk on February 19, 2015, 07:37:43 PM start with the nett asset value
house goes up in value on average car goes down in value Title: Re: Why does it cost more to rent a car than a house? Post by: bitcoin4eva on February 19, 2015, 08:22:42 PM You're more likely to crash the car than the house.
Title: Re: Why does it cost more to rent a car than a house? Post by: Gronthaing on February 19, 2015, 08:55:58 PM You're more likely to crash a car than to crash a house? That and you can't run away with a house. The house is a safer asset. And as others said it tends to go up in value along with the land. Title: Re: Why does it cost more to rent a car than a house? Post by: BCwinning on February 19, 2015, 08:58:25 PM You're more likely to crash the car than the house. which is why there is insurance. And why rental companies want a major credit card.They also make sure you have insurance before you leave. Here in the states cars are another mortgage payment. |
