Appliance rental may seem unusual to some, but there are actually plenty of great reasons to lease major appliances rather than buy them. For many households, it can be a cheaper and better option, especially given how quickly technology can move.
So let’s have a look at a few reasons why you should consider renting your major appliances instead of buying.
Appliances are expensive, particularly when you’re looking at top-of-the-range items or if you want something that can cope with heavy use. However, you don’t need to compromise on quality if you rent the item instead.
It’s not always a guarantee though that it will be cheaper overall to rent rather than buy. Make sure you do your calculations and ensure the rental payments fit within your budget. Don’t forget though, leasing a second-hand appliance can be even cheaper.
You can also opt to buy the item during or at the end of the lease. This may be more cost-effective for you. It may also give you time to save up for the appliance without having to go without it either.
Renting can also be the cost-effective option if you tend to upgrade your appliances regularly. If you find yourself constantly upgrading to the latest TV, then renting could be the way to go.
By leasing appliances, you also have greater flexibility. You can choose to lease an appliance month-to-month or for a short time if you don’t need it for long.
For instance, with more people working remotely for an indefinite period of time, it may be more economical to rent a computer month-to-month or for six months rather than buying the computer outright.
The flexibility of these shorter leases is also great if you are selling your home and need to stage it. Rather than leaving the house empty or restricting when you can move your furniture into your new home, you can rent all sorts of furniture and appliances for a short time to enhance the visual appeal of the property during the inspection period.
3. Upgrade easily
With the flexibility that comes with appliance rental, you also get the opportunity to upgrade more easily than if you owned the appliance. For instance, if you like your television to have all the latest features, you can rent the latest model on a short-term lease. When the lease ends, you can upgrade to a newer model.
If you owned the television, however, you likely would have invested more money into the appliance. It may be hard to then justify regularly upgrading your television if you intend to pay full price each time.
This flexibility also lets you trial the appliance for a period of time. For example, you may find that you underestimated your household’s washing machine or refrigerator needs. If you had purchased the appliance, you would need to either accept its limitations or try and make your money back by selling it.
When you lease the appliance, you can experiment to find the right appliance for your household without investing as much money.
By using a rental service, you can also be sure you’re getting good quality items. It’s in the best interests of these services to source reliable appliances.
And if you do have any issues, it can be easier to return the item to the rental company than having to find someone to fix or dispose of it.
Further, many rental services offer both installation and maintenance services. By using a leasing service, you can ensure that your appliance is not only installed correctly for optimum performance, but it is also kept in good working order.
Leasing an appliance may not be suitable for everyone but it can be a cost-effective and convenient choice for many households.