When it comes to renting appliances vs buying them, all too often, people lean towards buying. Simply because it’s what they’re used to – their grandparents did it, and their parents did it, so they do it too.
However, the truth is that there are many benefits of renting appliances instead of just buying them outright. It is best to upgrade your fridge by renting the latest model.
Here are some of the main benefits:
Renting Appliances Is Cheaper
According to Statista, the global volume of refrigerators sold is expected to reach 1.59 million pieces by 2026. This increase in demand also means that refrigerator prices aren’t likely to come down any time soon.
Under such circumstances, buying such appliances is not cheap. However, renting items such as fridges and washing machines can help you save money in the long run.
For example, you can save 100’s of dollars on purchasing a fridge by renting one. It is particularly true for oversized items such as fridges and washing machines which cost hundreds (even thousands) to buy outright.
Renting Appliances Is More Convenient
Installing appliances isn’t easy. You have to clear a space in your garage or laundry room and install the appliance – and then when you want to move to a new house, you have to uninstall it, carry it with you and install it again.
Renting appliances is a lot more convenient. You can upgrade your fridge by renting it. The best part is that you can upgrade to a newer model after a year or two without worrying about finding a buyer for your used refrigerator.
Renting Appliances Prevents Overbuying
Most people aren’t even aware of the fact that they can rent appliances such as refrigerators and washing machines, and end up buying new appliances when they feel the old ones have outlived their usefulness.
However, since people often buy a new appliance before looking for a buyer for their old ones, it leads to overbuying, and they’re left with two refrigerators instead of one until they find a suitable buyer for their old model.
You Can Get Rid of Old Electronics for Free
When you buy your appliances, you always have the problem of deciding what to do with the old one. Do you sell it? Do you give it to someone else? Do you leave it on your curb for someone to pick it up? Or, do you dispose of it?
Well, if you’re renting your appliances, this isn’t an issue. When you’re done with your machine, give it back to the store – easy!
You Can Get a Longer Warranty When You Rent Appliances
When you’re renting big-ticket items such as fridges and washing machines, most stores will give you longer warranty periods – sometimes 12 months or more. This is done in order to encourage customers to rent appliances and not buy them.
It is essential to contact a reputed provider to find the best deals and quality appliances. They can provide you with a wide range of appliances at highly affordable prices.
Some even offer an option for customers to apply for a rent-to-buy scheme and pay monthly instalments until they finally own their appliance.
It includes warranty, delivery and installation services as standard.