Amazon on Monday launched Kindle textbook rentals for the 2011 school year in a move that aims to dent college bookstores as well as hefty book prices.
"We’re excited to offer students an option to rent Kindle textbooks and only pay for the time they need with savings up to 80 per cent off the print list price on a 30-day rental," says Amazon’s Kindle kingpin Dave Limp in a canned statement.
Rental times start at 30 days and can go up to 360 days, depending on how long the student needs access to the book. Users can increase their rental times in one-day increments, or opt to buy the book. Amazon will also save any notes made in the margins, even after the rental expires.
Competitor Barnes and Noble also has a digital textbook rental service, which lets users rent books for a term of 60, 90 or 130 days to download onto a computer.