While this is a rental program, the intention is not to include long term rentals. These items are intended for groups on the fence (ha!) about whether or not to buy that new set of gear they’ve been eyeing but haven’t yet purchased. The rental periods will be in increments of one week at a time, with one month being the maximum allowed if there’s another group waiting for the gear. If no other groups are waiting for the equipment, the rental can be maintained for up to three months.
Renting the equipment does come with some conditions that must be accepted before any payments or shipments will be made. For each different piece/set of gear, there will be slightly different terms for rental. I’ve listed the default below:
- Rental fee: Default ~2.5% of new value per item/week (~10%/month)
This cost will vary depending on the 'Rate of Depreciation' (see below) and expected service lifetime. Items with lower depreciation rates will incur lower rental rates and vice versa. The renter will lose paypal’s fees when using that service. Otherwise, the HEMAA could lose money through the program. If the program loses money, it won't be around long.
50% deposit of replacement price:
This will be returned unless equipment is purchased, broken, or lost. The deposit amount will vary with more expensive and/or fragile gear. The default deposit will be 50%.
Rate of Depreciation:
Equipment loses value over time. The depreciation rate of different goods will vary. For example, equipment that impacts other objects will depreciate faster than gear that doesn’t. For example, Purpleheart plastic 'wasters' versus solo drilling gear like MBlades Swing. Equipment can only depreciate to 50% of new value.
Participation requires agreement to ship gear to next group in the program; the shipping will be paid by next group. Neglecting to send gear to next group constitutes purchase 3 business days after rental period has expired.
Shared equipment failure costs:
The HEMAA will pay 50% of depreciated value for broken equipment if the manufacturer does not replace it due to a manufacturing flaw. The individual signing for the equipment will be responsible for paying 50% depreciated value as well. This currently only applies to Purpleheart plastic wasters. See 'Rate of Depreciation'.
Lost equipment: 100% replacement cost
The individual signing for the equipment will be responsible for replacing lost equipment at cost for the HEMAA.
Participant can use 50% of rental fee towards purchase through HEMAA drop shipping. The HEMAA member may put the deposit and 50% of rental fee towards the purchase of the rental gear or new gear from the vendor. If purchasing the rental gear, both must be bought. Some gear may be discounted at a higher rate than otherwise available when purchased through the HEMAA program. Equipment can only depreciate to 50% of new value. If purchased with the deposit, 50% of rental fee will be refunded at purchase.
Responsibility for the rental:
One individual full HEMAA member will be held liable for the rental. If anything happens to the equipment, the member which accepted responsibility for the rental will be accountable. This includes theft, loss, and breakage.
Breaking the rules/ stealing gear:
Failure to comply with all rules and instructions will result in the loss of all deposit money and the loss of HEMAA membership, insurance, and may also be blacklisted from HEMAA-sponsored events. The HEMAA reserves the right to sue to reclaim any gear that isn't purchased, forwarded, or returned.
Terms subject to change.
The first item set available for rental will be Purpleheart's Polish Sabers. The rental queue will be first come, first served. Stay tuned for specifics soon. I'll announce on the forum the when, where, and how to request to rent the sabers. We will have two sets available to begin the program.
If/when the program's funds grow by the rental fees, it will expand to include steel feders, Albion sharps, MBlade's Swing, montantes, and many more options. The future of the program depends on its popularity and success.
Please PM with any feedback or questions you have for the program.