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U-Haul Holding Company is an American moving truck, trailer, and self-storage rental company, based in Phoenix, Arizona, [1] that has been in operation since 1945. The company was founded by Leonard Shoen and Anna Mary Carty in Ridgefield, Washington, who began it in a garage owned by Carty's family, and expanded it through franchising with gas stations.
UhaulCarShare (formerly "UCarShare") [1] was a for-profit carsharing service offered by U-Haul in nearly 40 cities in the United States until the program was shut down in February 2020 just ahead of the COVID-19 pandemic. [2] Those with a UhaulCarShare membership had use of a car, billable by the hour or by the day.
The dealership makes a small commission on every rental and actually pays U-Haul for the right to rent the equipment. Dealers do not pay U-Haul for the right to rent equipment. The only fee a dealer must pay is a $10.00 per month computer service fee. Also U-Haul pays an average of 22% commission across all product lines.
Given the $15,197 average cost of a stay in Mass. and average hourly private sector wage of $33.92, it would take 386 work hours to pay the bill.
Some rental businesses give "free days" on rental contract billing processes, for example on a national or public holiday, and therefore the equipment does not earn any money on those days, even though it is physically on rent. Some companies charge minimum rates, for example you may rent an excavator for 1 day, but be charged a three-day minimum.
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