Have you ever considered leasing appliances for your home? It’s a big business — making around $9 billion every year — but is it a good idea?
Buying a home appliance has it’s perks, like owning the item outright. There are other factors, like cost, credit, and repairs, that aren’t always ideal.
Not sure if leasing is the way to go? Here are six reasons that show how you can benefit from leasing your appliances.
1. Up Front Costs
The biggest benefit of leasing your home appliances is that there’s no big up front cost. You don’t have to come up with the complete payment right at the moment of purchase.
Monthly payment plans can be much more manageable than a store credit card or an outright purchase. Even with shorter payments, interest can be lower and prices become more competitive.
2. Ease and Convenience
Consider this scenario: you don’t have a car and need to do your laundry. Going to the laundromat becomes another big chore that eats up all of your time.
You have to catch a bus (and pay for it) and lug all of your laundry in public. Renting a big home appliance like a washer and dryer takes that stress out of the equation.
3. Keep Your Credit Score
When you miss a payment on your credit car or default on a loan, your credit gets dinged. Missing your lease to own appliance payment doesn’t alert credit reporting companies, allowing you to keep your credit score.
Speaking of making your payments, lease to own appliance are flexible and ready to work with you. This is great news for those who need a home appliance but are just starting a job and haven’t gotten paid yet or have fluctuating month-to-month income.
5. Great Customer Service
Rent-to-own businesses need to build a great relationship with their customers. As such, you’ll find their customer service is second to none.
Depending on the business you lease from, you can get perks like free delivery and repaired and replaced faulty units. Plus, you can find great deals on appliances as they keep their prices competitive to earn your business.
6. Temporary Arrangement
Let’s say you need to appliances for your home or apartment but you won’t be living there long-term. If you have a job that requires you to move often or love to travel, leasing home appliances is a great idea.
There’s no need to figure out how you’re going to take things with you when you leave or sell them when your lease is up. Simply return them to the rental store, no stress and no hassle.
Why You Should Lease Appliances
These are just six great reasons why you should consider leasing your home appliances. Visit a rent-to-own store and you’re sure to discover more.
Not only can you keep costs low, you can often find an amazing selection of top-of-the-line home appliances. They can be delivered to your place and set up in no time.
Ready to find out more about how easy and convenient it can be to lease appliances? Browse our selection or reach out to us any time and we’ll get you set up!