What’s the difference between short-term product rentals and long-term leases?
🔹 Short-term rentals – Fixed durations (hours, days, weeks), typically paid upfront in full.
🔹 Long-term rentals – Resemble leasing, often involving monthly installment payments instead of upfront costs.
🔹 Consumer behavior – Short-term rentals work best for immediate, temporary needs, while long-term rentals require more financial flexibility for customers.
Understanding these differences is key when setting up rental pricing models that match customer expectations.
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