Amazon’s Kindle e-readers and tablets have been wildly popular, especially so in the U.S. market. The company has now introduced a new feature which is apparently limited to Kindle-owners in the U.S. The feature is termed Kindle rentals, which essentially allows Kindle-owners to rent books and pay for it based on the duration they rent it for.
Kindle is typically offering the per-month rental deals for a limited number of books. The rental charges are significantly lower than the actual price of the book which means that if you are a quick reader, you can see a significant sum on these books by renting them out rather than buying them.
For instance, one of the books that Amazon is offering under the program is ‘The 5 elements of effective thinking.’ The actual price of the book is $9.99. Alternatively, you can rent it under the Kindle Rentals program and it would cost you $5.55 for a month. Naturally, most of the readers will be able to devour the book in less than a month thus saving nearly $4 dollars.
Alternatively, if you are unable to finish the book by the end of the month, you would be charged a certain number of pennies each new day until the rent reaches the actual price of the book.
The problem with the service is that as convenient and useful as it is, Amazon seems to be offering it only on a limited number of titles. It may be that the company is currently giving it a test-run and may launch it with a greater books’ repository if the service kicks off. That may also explain why Amazon has launched the service rather quietly, without as much as an official announcement.
Source: Amazon
Courtesy: Engadget
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