Why Pay Long Term EMI’s For Home Appliances When You Can Rent Them

Why Pay Long Term EMI’s For Home Appliances When You Can Rent Them

The world is getting more and more expensive as we speak. However, nothing tops the list of ridiculously expensive stuff quite as real estate does! Gone are the times when real estate used to be a handy investment. These days, the kind of funding required to buy a property is a behemoth. Not everyone can afford real estate at this point, and especially in more populated cities, it is next to impossible.

Thus, if you have somehow managed to save a huge amount of money and are planning to invest in a new property, you would not want to spend more on additional expenses. Especially for those on a budget, who are looking to only rent a place and not buy it, making unnecessary expenses on furniture and electronic appliances should not even be an option. This is particularly true in an era when you can always rent out the same!

Yes, that’s right! Now you can rent more than just a house! There are various reasons why you should opt for renting appliances instead of buying them. In this article, we tell you the biggest benefits of renting electronic appliances out. Read on, why pay long term EMI’s for home appliances when you can rent them.

• It’s cheaper

To begin with, electronic appliances are not really cheap! For instance, if we look at the base price of the lowest refrigerator models, it would cost you around AUD 700. However, on trusted portals such as Renta Care, you could find better models starting at a nominal rate of AUD 12 to 14 per week.

This is ideal for those who only intend to stay in a place for 2 years or lesser. Moreover, the logistics involved in getting them transferred from one place to another, every time you move houses, could be a huge sum that adds up to your bill. Renting is obviously the more economically beneficial option compared to buying a refrigerator.

• It’s easier

Let’s admit it: Every time we intend on buying an electronic appliance, it does not happen before we physically pay a visit to at least three or four showrooms. That requires a lot of time and effort from your end. Taking such a huge amount of time and energy out of yourself may not be the best way to go about it.

However, when it comes to renting the same appliances out, you could easily find them available online. Moreover, while shifting houses, if you already purchased the appliance you’re left with no option but to also shift it along with you. That not only adds up to the cost of logistics but also increases your liabilities. What if the appliance gets damaged on the way? These liabilities get significantly reduced when you rent the appliance, as the rental company takes care of the transfer and delivery part.

• It’s a bad investment

Do you know what does your furniture have in common with your electronic appliances? We’ll spill the secret out: They are both crucial for your home, and at the same time, they are both horrible investments. Why do we say that? Simply because of the minute you buy Your refrigerator or your TV or your heater, its selling price starts depreciating.

What this means is that you’ll never be able to get even the same price that you bought it for, when you consider selling it off. Thus you should instead rent it out, and put the surplus in an investment that deserves your consideration.

We hope this article has helped you understand that buying electronic appliances is not a good idea, especially if you are on a budget. You could save a lot of time, energy, and of course, money by renting these electronic appliances.

Featured Photo by Dane Deaner on Unsplash