Five Benefits of Rent-to-Own Contracts


When your refrigerator, computer or television breaks down and is beyond repair, hiring a new one can be a good alternative if you don’t have the money to replace the item that failed. However, not having money is not the only reason to hire appliances, electronics or fitness equipment for your home. Here are five reasons you should consider hiring instead of buying the items you need.

Items Delivered and Installed

When you hire appliances, furniture or electronics, you don’t have to worry about how you will get them to your house. Most companies will offer free delivery if you intend to hire the item on a long term basis. In addition, they will set up or install the item for you. For example, if you decide to get a refrigerator with an ice maker, they can help install the water line that is needed for it.

Provides Service on Items

If you hire an appliance or electronic device and the item breaks down, the company will go to your house to repair it, or replace it if it cannot be repaired. If you were to buy something in a store, you would have to pay for repairs yourself if the item was no longer under warranty. These companies will also provide the support you need if you have operational questions about a television, computer or another item you’ve hired from them.

Temporary Hires Available

Many people will rent a TV when a special sporting event is going to be televised, so they and their friends can watch it together. If you want to watch a championship football game, the Olympics or a special concert, you can hire a big-screen TV for the event and then have it picked up when you’re finished with it. Many companies will offer hire contracts for a week at a time on most of their items.

Various Hire Options

Most hire companies offer a variety of contracts, which allows you to space out the payments for as long as you need. They may offer 24, 36 or 48-month contracts, depending on the price of the items, so you can choose small payments to get the appliances, electronics or other items needed for your home. In addition, most companies don’t require a deposit, so you only need to make the first month’s payment to start a contract.

Faster Upgrades

When you hire appliances, electronics or other expensive items for your home, you don’t necessarily have to choose the rent-to-own option. After the hire contract has been completed, you can have the company pick up the item and start a contract on a newer model. This allows you to keep a new washer, refrigerator or computer in your home without needing to sell an old one and then buy the new model.

When you don’t have the money to buy the items that you need for your home, or if you want to finance purchases and have bad credit, then renting to own can help you get what you need.