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In developing and developed nations, for-profit book rental services have started to lend physical books, audiobook CDs, e-books, and audiobook MP3s through stores and online after the popularization of the World Wide Web. [6] Most book rental companies provide books with doorstep delivery using logistic services.
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Users browse books online and have their choices home-delivered, rather than physically visiting a library to borrow a book. This e-commerce model is comparable to the video rental service provided Netflix. In 2009, online book rental was gaining popularity in India, with a number of websites offering free doorstep delivery for a small monthly fee.
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CampusBooks provides a free Buy vs. Rent price prediction tool. [5] [10] The tool employs a proprietary algorithm, which takes into account the depreciation of the book in question and estimates its buyback value in 6 months. [5] Based on the estimation, the website displays its recommendation for either buying or renting the book. [11]
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