• Business

    Renting a U-Haul to move out of California can be 4 times more expensive than moving in due to high demand

    A U-Haul moving truck parked in a suburban neighborhood in San Ramon, California. Smith Collection/Gado/Getty Images Moving-truck rates from California are wildly expensive thanks to high demand, according to Mark Perry, a professor of economics and finance at the University of Michigan-Flint, and Jalopnik. Business Insider reviewed U-Haul and Budget Truck Rental rates to and from California and found a huge increase in price to leave the state over the same time frame. U-Haul and Budget moving-truck rental rates were between two and five times as expensive to leave California than to move into it, Business Insider found. Perry wasn’t so quick to blame the demand on the COVID-19 pandemic or…

    Comments Off on Renting a U-Haul to move out of California can be 4 times more expensive than moving in due to high demand