Smartphone technology is pushing forward, defying all limits. Every year, one or two pathbreaking features will be introduced by a brand(s) that shake up the whole industry a little bit. Soon, every other brand will follow suit. This has been happening for the last one and a half-decade and will continue to happen so—and one more thing that’s changing or increasing is the price of smartphones. With so many features, keeping the price at an affordable range has become impossible for the manufacturers. No wonder people are opting for the rent to own phones option.
Renting a phone has become common amongst millennials, and with the flagships models becoming unbearably expensive, more and more people will opt for this method.
What does rent-to-own mean?
This is a method of owning a device or product by an initial down payment of a certain amount and then paying the remaining amount in instalments. In the case of smartphones, the down payment may or may not exist, but you have to pay the total amount in instalments. And, when the full amount is paid back in instalments, you can finally own the phone. Some companies allow you to pay the total amount anytime and get complete ownership of the phone.
People used to buy several other products via this method, such as home appliances, vehicles, PC, etc. Now smartphones are the item most people want to own, and that too is the latest and most capable ones. Hence, many agencies and even smartphone brands have come up with rent-to-own phones schemes to meet the demand. Soon, the number of people renting the phone will increase multifold.
If you are still not sure about renting a phone, the following benefits may help you decide.
Affordability
Compared to the price of a high-end phone, you are paying very less while renting a phone. And, you can use the phone for a long period without even paying half of the actual price, and can return it whenever you feel like—or you can keep the phone for a longer period and pay the complete amount and own it at last. This method will never affect your financial stability.
You can always have high-end smartphones.
One of the best things about rent-to-own phones is that you can always go for the top variants/flagships. You can choose whatever brand and model for renting, and you can switch the model as well (if the service provider allows). This relieves you from the financial burden of buying high-end phones every year. So, renting a phone is the best method to own a high-end phone all the time.
Good for test-runs
You may like the look of a new smartphone and like the phone’s features. But, unless you use the device for at least two or more weeks, you can never decide whether that phone is compatible with your lifestyle or not. Renting the phone gives you an option to try it out and even switch or return it if things don’t work out.
These are some of the benefits of renting a smartphone. Soon, more and more people will start renting phones instead of buying them because it is the best way to have the latest technology at an affordable price without any trade-offs.
Author: Steffy Alen
