The internet is the biggest marketplace. You can find nearly anything or any service online without taking a step outside your home compound.
It has even made it possible to rent home appliances from online websites and can be delivered straight to your doorstep.
However, the biggest question is, are they reliable? and should anyone go ahead and rent home appliances?
The question of reliability will depend on the company or agency renting the equipment to you.
Reading reviews is the true test of any company’s reliability and trustworthiness.
Well, if you are looking to find out more about renting such appliances from online sites, this is the right article for you.
We shall look at the advantages and disadvantages of renting home appliances as well as what to consider before renting them. Let’s have a look;
Advantages of renting home appliances
When you talk about convenience I want you to picture a student who has recently moved into an unfurnished apartment and we’ll only be there for about 3 months.
It is more flexible and convenient for that student to rent some appliances rather than having to save or buy new appliances.
2. Flexible payment plans
One of the good things about people and companies that choose to rent out their home appliances is that they said flexible payment plans to attract more people.
Disadvantages of renting home appliances
1. Interest rate
Depending on where you rent your appliances from interest rates tend to fluctuate. Sometimes the interest rates may be very high.
Very high interest rates may accumulate to a point whereby the home appliance would have been much cheaper. Remember that lending services are also after making a profit.
Make sound decisions before signing up for search services.
It can be very stressful to damage a property that is not yours. On top of renting home appliances, you may also want to consider taking property insurance that would cover in case of any damages.
There are also some home appliance lenders that do not charge for damages and would cover the cost of repairs.
What to consider before renting any home appliance
Before looking at the advantages and disadvantages of renting appliances, the first thing you have to contemplate is;
1. Cost of rent versus the cost of buying
The cost of rent will depend on the type of appliance the quality and the brand. Renting top brand names like Samsung will cost more.
Take for example renting a decent good quality fridge will be about £50 per month while the cost of buying the same is about £700. If you intend to use the equipment for 2 months then £100 should not be much of a bother.
Over for a long time stay, you will have to reconsider this. I for one would not want to rent a washer and dryer for £400 and not end up keeping it when the cost for a brand new washer and dryer is £700. This is something to deeply consider.
2. Period of rent
Definitely rent home appliances for a shorter term like a few weeks or a few months. If you are planning to stay for any.
If you are in for more than a year, consider other alternatives like moving to a place with community-shared facilities or buy your own appliances and then sell them at the end of your stay.
Another thing to consider before entering any home appliance is whether or not it is necessary.
Ask yourself if you can do without that specific appliance. If the answer is yes, then there is no need to spend so much money renting or buying.
The decision of whether you want to rent an appliance or not comes down to you. The main consideration that I think you should consider is the period of time you expect to rent it for.
Let the amount of money you eventually pay not exceed 50% of the actual price of the appliance.
It is much easier to pay 1000 for equipment rather than pay about $700 in rent for the same.
You can buy the $1000 appliance, use it for the expected period of time and when you have to move out, rent it or sell it and get your total money back.