Amazon now renting textbooks on Kindle

Students, rejoice! Amazon has announced that the company will now be offering textbook rentals on Kindle devices and through the Kindle app on other platforms. According to Amazon, textbooks can be rented at up to an 80 percent savings when compared to purchasing textbooks at their new prices.

Amazon's program will allow students to rent books for a specified amount of time, usually between 60 and 360 days, at a prorated rate. This is huge news for students who have to bear both the physical and financial weight of buying several large, expensive textbooks every semester. The service will allow users to read the textbook on any Kindle enabled device. In addition, students will be able to synchronize annotations for viewing across all devices, even after the rental period has ended. The rental period can be extended by as little as one day. Students will also have the option to purchase the textbooks at any time.

The most popular online textbook rental service, Chegg, offers rentals by mail for individual semesters or for the entire year with options of renewal beyond that. It will be nice to see some competition in this space to help drive prices lower. However, Chegg will not be the hardest enemy Amazon will have to fight in this market. Widespread adoption of the rental system will rely on textbook publishers providing both a timely and broad selection of offerings. Many universities require the use of tjushe newest available edition of all textbooks, so Amazon will have to work hard to ensure the publishers are keeping their e-book wares up to date and covering a broad range of subjects. In addition, students will have to be convinced of the service's usefulness. If students decide they need something other than what devices are available to them to properly use the material, they may give up quickly on electronic rentals. However if a student were to pair electronic rentals with the $114 Kindle With Special Offers deal, he or she could have a very convincing argument to get mom and dad to cough up the dough for a Kindle.

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I wish they would have had this when I was in school. It would have saved me time and the unnecessary hassle of carrying around a bunch of stupid books.

Hakaslak said,
Libraries don't stock textbooks.

Tell it to my university library. Rather than buy the books I just worked a library stop into my daily schedule. You could only check them out for an hour or so, but that's all I needed to get homework questions and the answer key for selected questions to check my work.

Hakaslak said,
Libraries don't stock textbooks.

Not sure what University you attend, but my Alma Mater does carry Textbooks. If they don't they will special order it from any university in the state that does. All for the low cost of {0}.00.

Hakaslak said,
Libraries don't stock textbooks.

Mine does, I've never had to purchase a book. But then again, no Professor ever REQUIRED us to have any book.

Magallanes said,
rent a book?. In my country we call it "Library".

In my country, libraries are free, and they actually have physical books.

What Amazon is doing is -renting- out a digital book, so no actual book.
To me as a consumer this sounds like a ripoff, renting out a non-item that has infinite stock?

no-sweat said,

#1 you can't resell it and get your money back
#2 is cheaper than the kindle edition won't work for new editions which are required by many institutions. Not to mention you still have to haul around the actual book. No sir, I don't like it,