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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.
Leonard Samuel Shoen (February 29, 1916 – October 4, 1999) was an American entrepreneur who founded the U-Haul truck and trailer organization in Ridgefield, Washington. After growing up in the farm belt during the Great Depression , he envisioned the market for rental vehicles for families who wished to avoid the expense of professional ...
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.
U-Haul did not alter its policies regarding the renting of trailers to persons planning to tow behind the Mercury Mountaineer, Mazda Navajo or earlier versions of the Lincoln Aviator, which are all mechanically identical to the Ford Explorer. [110] In mid-2013, U-Haul began allowing Ford Explorers of model year 2011 and newer to tow their trailers.
United Rentals, Inc. is an American equipment rental company, with about 16 percent of the North American market share as of 2022. [5] It owns the largest rental fleet in the world with approximately 4,700 classes of equipment totaling about $19.3 billion in original equipment cost (OEC) as of 2022. [3]
U-Haul Investors Club Business equipment Independent Ongoing (started in 2011) — $219,597,100 (updated weekly after COB on Tuesdays) [5] Operated by AMERCO (the parent company of U-Haul) this platform allows investors to invest in U-Haul assets such as trucks, trailers, equipment dollies and occasionally in real estate. [6]
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