Renting Out My Bike .. Worth It?

[sam666]

I have a spare JRD Rock 110c Semi Auto Bike that I bought a few years ago new, it gets used maybe 3-4months a year and is good condition. It's just sitting there as we have 2 and my friend didn't come this week, I'd be prepared to rent it out cheaper then any bike rental places. I'm still here for 6 weeks, would it be worth it??? What about contracts for "you break it, you pay for it"??

[ESB7]

Are you Hua Hin or Cha am??? The rentals in Cham am are down to 2,500 a month for a new click so you may get 2,000....not really worth it. Most take passport/copy as deposit. Unless you got the original passport, how can you get money from someone if they crash it...its quite common in Cha am for theft and rentals not getting paid for, Thais and Foreigners alike...Unless you really know someone forget it for the small amount you would get.

[sam666]

interesting thanks, i'm in HH.

[thomo]

How much value is 2,000b to you. Does it cover your monthly rent, or is it half your daily budget.

2,000b is nothing. Certainly not worth worrying if your bike is going to be brought back or not.

Or if it's involved in an accident, that they flee, and you are now responsible for.

[sam666]

2,000 is a night out for me, would certainly pay my gym fees but it's not worth the risk no if it gets damaged and I can't have a signed contract coupled with passport.

[thomo]

And if it hits someone, and the renter flees, and the legal owner (you) has to go through the legal process, is that worth a night out once a month?

[alina]

By the time you have raised a company and changed your visa to a business visa and secured a work permit time has flown by and would be time to go home. Oh you are not surely going to do it illegaly? Not another illegal immigrant. Another "farang" running out of money.

JRD is the cheapest bike anyway, not sure anyone would want to rent it.

Edited August 6, 2010 by alina

[alina]

Hi SAM666

Did u go ahead and rent this amazing machine, do you still have it? Could subsidise your rental of 5k a month in December?