Would you rent a $14,000 DAC for $75 per day?


Would you rent an expensive DAC? I have a lot of expensive gear sitting around unused. That got me thinking... could I rent out my hifi gear when I'm not using it?

 

For example, Mola Mola Tambaqui is an amazing DAC. Instead of purchasing it new, or used, why not rent it for $75/day for a minimum of 5 days? Plus shipping of course. I'd credit card hold a refundable deposit (about 10% of the component value).

 

The benefit to this - there are zero obligations to buy. Just pay the rental fees, try it out for as long as you'd like, pack it up in its Pelican case, then return it with an included prepaid shipping label.

 

The benefit to me - generate some cashflow on my equipment and support my retirement;)

audio_bidder

Where did that idea come from? What's the rationale?

Many vendors have some sort of trial period, typically 30 days. The only thing for customer to pay is potentially return shipping. At $75/day, that is $27K/year, so about twice the purchase price.

For something like a party rental, nobody needs that kind of a DAC. 

So again, what is the business plan/rationale?

Right now, outside of local dealer lending, we have two choices to hear stuff in our homes.  Both go better with some up front research to make sure you have an idea of what you want first.

  1. Buy something and sell it if it doesn’t work out for you, or
  2. Buy something from a dealer (or manufacturer-direct) that offers a trial/return period.

The lending thing has issues that most would believe outweigh any positives, including:

  • Shipping/insurance costs, as already pointed out,
  • Potential damage from shipping or mishandling/user error,
  • Insufficient up front fees (i.e., security deposit) to inhibit scamming or theft by bad actors,
  • People keeping the item beyond the agreed-on time interval, and
  • Capital invested and tied up in gear, that could otherwise generate income through much less risky investments,
  • Gear that sits around generating no income because few want to pay to audition, and
  • The gear continues to depreciate in value.

It seems a better option is to simply sell stuff you are not using.  If you miss it, then buy another one of the same thing.  Many of us have done that, at least once.

IMO the juice would not be worth the squeeze.  Would you “vet” the potential renters?  If yes how?  Your high value equipment could end up in the hands of a neophyte interested in maxing out the volume for house shaking parties. But that is just one risk. I would not recommend it in any case. 

Seems like the only thing you can’t rent is hifi gear. 

I think you made the point with the comparison to houses and Ferraris. 

How many people want to rent real estate? Pretty much 40%+ of the society

Ferraris? Probably 1 out of 10 men. 

14K DAC? 99 out of 100 people won't even know what a DAC is. 

 

@audio_bidder ,

I can certainly respect your decision and your drive to succeed.

You seem to be going into this with more business acumen they you have led on. 

If you do decide to go for it, I wish you nothing but success.