Question 26884 — consumption

Summary

Mr. François-Michel Lambert alerts the Minister of the Economy and Finance to the need to regulate long-term rental, which constitutes a threat to consumers. Long-term rental (LLD) makes it possible to replace the gross purchase with the rental of a property over a long period of time, in return for low monthly rents. However, long-term rental can be an economic drain for households that subscribe to it. Not recognized as being a credit in its own right, its cost escapes any supervision and reaches very high amounts. In addition to monthly rents, households must in fact pay high interest, pay the price of additional insurance and assume additional costs in the event of return of the property in poor condition, most often based solely on the discretion of the lessor. Thus, the total cost of renting long life of a product can be more than twice its purchase cost. However, distributors are under no obligation to indicate the total cost of long-term rental, nor to detail the various additional costs likely to be charged. They are also not subject to any price cap. The lack of regulation around long-term rental therefore encourages misinformation among consumers and thus threatens their interests. He then asks him if he plans to mobilize and work on the creation of a legal framework around long-term rental (LLD) so that it is regulated and thus protects consumers.

Machine translation from French. The official text remains authoritative.

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