Advice on Renting Appliances
There are many reasons the people would have to rent an appliance rather than purchase one. If you are picking the rent option, here is a little advice on how to do it.
The first step is that important determination of just what you are looking for. Appliances perform functions. If you have no need for the particular function it performs, you do not need to rent it anymore than you would need to buy it. You should be armed with a full knowledge of what you really want and what you really need before you even begin your appliance search.
When you are buying an appliance, you are reminded that all appliances have a hidden price tag. This is that little label that gives the units energy usage. By definition, an appliance consumes electricity and electricity is getting more and more expensive all the time. In fact, there could be situations where energy consumption could influence the decision to rent a new appliance now rather than buy an old used one while you save your money for the purchase of a new one later.
Take washing machines and dryers as an example. If you compare the costs of a rent to buy type arrangement on a washer/dryer combination with the cost of buying a used one to get you buy until you have saved enough money to buy a new one, you might easily leave out energy consumption. Since most older used washing machines and dryers would not have the energy savings potential of newer models, you might end up paying more to operate the old one than you would pay to rent the new one. You have to figure energy consumption into your formula.
Renting is sometimes the best option depending on situation. If you deal with one of the major appliance rental firms, be sure to check out the full details of the rental contract. You might find some surprises. Many rental firms will come pick up your appliance and replace it should you have mechanical trouble. They also offer renter insurance that not only covers the loss of the appliance, but might even provide the rental payment should you become ill or lose your employment.
Major appliances must be sold or moved should you move yourself. This is an important consideration in a rent vs. buy decision. If you should decide that renting is the best option, approach the rental in the same manner you would a purchase. First, decide what you need and just what features you want. Second, look at that hidden energy consumption price tag. Third, do a good cost analysis.
The first step is that important determination of just what you are looking for. Appliances perform functions. If you have no need for the particular function it performs, you do not need to rent it anymore than you would need to buy it. You should be armed with a full knowledge of what you really want and what you really need before you even begin your appliance search.
When you are buying an appliance, you are reminded that all appliances have a hidden price tag. This is that little label that gives the units energy usage. By definition, an appliance consumes electricity and electricity is getting more and more expensive all the time. In fact, there could be situations where energy consumption could influence the decision to rent a new appliance now rather than buy an old used one while you save your money for the purchase of a new one later.
Take washing machines and dryers as an example. If you compare the costs of a rent to buy type arrangement on a washer/dryer combination with the cost of buying a used one to get you buy until you have saved enough money to buy a new one, you might easily leave out energy consumption. Since most older used washing machines and dryers would not have the energy savings potential of newer models, you might end up paying more to operate the old one than you would pay to rent the new one. You have to figure energy consumption into your formula.
Renting is sometimes the best option depending on situation. If you deal with one of the major appliance rental firms, be sure to check out the full details of the rental contract. You might find some surprises. Many rental firms will come pick up your appliance and replace it should you have mechanical trouble. They also offer renter insurance that not only covers the loss of the appliance, but might even provide the rental payment should you become ill or lose your employment.
Major appliances must be sold or moved should you move yourself. This is an important consideration in a rent vs. buy decision. If you should decide that renting is the best option, approach the rental in the same manner you would a purchase. First, decide what you need and just what features you want. Second, look at that hidden energy consumption price tag. Third, do a good cost analysis.
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