Rent, try and buy? Buy later for only $1?! I was intrigued when I first read these terms from Radio Rentals so I dug deeper and learned more about what they are offering.
I found out that they are offering rentals of a wide range of products and brands, which include plasmas, DVD players, refrigerators, dryers, washers, desktop computers and even treadmills and bikes. You can check out their website at http://www.radio-rentals.com.au/ to see the whole range of equipment they are offering for both personal and business rental.
As a previous auditor by profession, I quickly saw the advantages of renting equipment instead of buying outright. First of all, your cash outlay would be low as compared to making huge capital outlays if you purchase such equipment immediately. Hence, if you’re low on cash, you can rent for the meantime instead of purchasing the equipment you need. For businesses, this would mean lower capital outlay for the period. This would also mean that you can avoid depreciating assets. Another advantage that I saw with this arrangement is the ability to try out new models of products that you want instead of buying outright and then later on becoming disappointed with the equipment you bought.
For Radio Rentals, there were other advantages that have been made available for customers. One such advantage is the free service and repair of the equipment being rented. Another advantage is their free relocation and re-installation (within service areas). Hence, for those who travel a lot, this arrangement offers the flexibility needed by such a lifestyle. Radio Rentals also say that there is no deposit or bond on brand new products (applicable for those on an 18 month rental contract). These advantages are on top of the wide range of brands of products available for rent.
Last but not the least, customers can avail of the rent, try and buy arrangement. After 36 months of rental, the buyout is only $1!
There is a lot of practicality involved in renting out your equipment instead of buying them outright. You do have to carefully list down your personal preferences as well as the budget involved. Make your canvass, compare costs and tally both the pros and cons of renting and buying the equipment you need. We have a lot of options these days, we just have to be resourceful enough in looking and wise enough in making the final decision that is most advantageous for us. Would you rather buy a fridge or rent fridge from Radio Rentals?