I believe the most appealing aspect you have mentioned is the smaller size. Cost is the speed bump most everyone encounters when buying rocks. What approximate size are you considering for rent?
A thin one with enough length and width for a razor - even if on the small end of the range; I would think to be much more appealing to most folks with some experience on other types of fine hones, rather than a big one. Such a piece would still last a lifetime at least.
You could still offer it as a rental, though perhaps with two slightly different stones allowing the user to choose between them. Hopefully to buy one and return the other to you. Having them returned to you for a fresh lap if needed might be better than global voyage to be lapped and re-lapped unnecessarily.
In the end a full deposit is the same as a money back guarantee- especially welcome assurance on the larger, most expensive stones. Which is the way it should be imho. Unfortunately there are some who will take advantage. I have seen other "loaner" programs end quickly and quite abruptly; as it seems the crooks are some of the first ones in line.
It's a good idea though. Best of luck.
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