Zilok - Peer 2 Peer Rental
I recently stumbled across a rental site called Zilok, which effectively works as a peer to peer rental portal, where you and I can rent items to others in our local area. The concept works by allowing users to upload items to a specific category for a small fee, then displays these items to people in the area. Users will then pay the lender, depending on the price they set for their item, and return the item once they are done.
This is a great site to use during the economic downturn as it means you can rent out some of the things you no longer use to earn a little extra money per month. I recommend taking a look at the site and familiarising yourself with how it works.
Also do a couple of test searches, Nintendo Wii in London for example yields two results, with one available for £8 a day and one for £20 a day. This shows that a little shopping around can get you some great deals.
Lenders can also request a deposit for their items, so if you plan to rent something of value, ensure your piece of mind by attaching a refundable deposit to the listing. The transactions are secured by a legal agreement provided by Zilok, but you never can tell with some people.
In regards to cost, the listing fees for products is currently set at 10 pence per month, per item. See below for final transction fees:
| Transaction Total Amount (GBP) | Commission (before tax) |
|---|---|
| 0 to £10 | £1 |
| £10 to £50 | 9% + £0.10 |
| £50 to £100 | 8% + £0.60 |
| £100 to £500 | 7% + £1.6 |
| £500 to £2000 | 6% + £6.6 |
| More than £2000 | 5% + £26.6 |
So going by this, it seems for smaller hires you get a decent deal. I’m going to give it a try with some smaller items to see how i get on. It seems this could be a good idea for helping get out of debt, or even just for a little pocket money.
Comments
5 Comments on Zilok - Peer 2 Peer Rental
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Remy on
Tue, 7th Jul 2009 10:26 pm
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jason on
Wed, 8th Jul 2009 2:28 pm
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7 Quick Debt Busting Ideas | Debt Management Tips on
Tue, 11th Aug 2009 11:07 am
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dogynet on
Thu, 15th Oct 2009 4:12 pm
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Dave on
Thu, 19th Nov 2009 1:04 pm
Renting is one of the hot trends as of late and I hope it continues past the economic down turn as it is wise spending and good for the environment.
Hi
I already do this, but I use rentnotbuy.co.uk, which is free. Its worked pretty well for me so far.
[...] back on your old items - Think about renting out some of your electrical equipment or machinery on Zilok, the peer to peer sharing site. Alternatively, why not list some of your items on Gumtree or eBay [...]
The site is good, but I found another one http://www.cool-rent.com which is free. I am planing to use it.
Having been involved in p2p lending for awhile in the UK via zopa i had not realised that it had spread into other areas until reading your article about zilok. So thanks for the article, dont know if its coincidence but strange how both zopa and zilok start with z!
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
