Your home buying agreement will state whether you get to keep the existing appliances or need to buy your own. When you buy a brand new home, it often doesn’t come with appliances.
So, you’re faced with a dilemma: lease or buy your appliances.
There are benefits to both models, but some are better suited to certain lifestyles. You need to take your budget, convenience, and preferences into consideration before making this decision.
Whether you choose appliance rental or purchase, it’s best to understand the pros and cons of both. Keep reading for information to help you make a confident decision.
Benefits of Renting Appliances
When you rent-to-own your appliances, you’re basically purchasing them slowly over time. With each monthly payment, you own more of your appliance. This model is related to a similar process called appliance leasing.
This is great for people on a budget. There’s no massive initial cost of buying a dishwasher or washing machine. Instead, you’ll make many smaller payments.
Plus, if your appliance breaks and needs repairs, they’re covered. All you must do is call the rental company and they’ll come to fix it. They’ll even replace the unit if it’s past repairing!
For some, making monthly payments puts their credit at risk. With rent-to-own appliances, no credit companies are contacted if you miss a payment.
Benefits of Buying Appliances
On the other hand, there are plenty of benefits that come with buying your appliances outright. For one, you don’t have to commit to a long-term payment plan. One payment and the appliance is yours.
You also don’t have to worry about the interest charged with rent-to-own models.
Plus, should a part of your appliance break, you have the freedom to shop around.
You can find a superior part at a good price instead of accepting whatever part the rental company supplies. Granted, this requires more time and effort from you.
Should You Rent or Buy?
Now that you know the benefits of both options, you must decide. Do you rent your appliances or buy them?
Ultimately, one option is more appealing than the other.
Renting and leasing your appliances save you more money in the short term and long term. It requires less maintenance from you. And, repairs are included in your payments.
By leasing, you can manage and track your payments easily online. It’s a transparent and efficient process. Plus, you have a huge variety of appliance brand options to choose from.
Ready to Start the Appliance Rental Process?
No one wants to spend an outrageous amount of money on appliances. You need reliable and efficient appliances with no strings attached.
That’s why the appliance rental and leasing models are preferable over buying.
If you’re ready to browse your appliance options and learn more about lease applications, contact us. We’ll set you up with the best appliance for your needs and budget.