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Rent or Own - Understanding Laptop, Computer and Appliance Rental

When it comes to electronics and technology, whether it's 3D TVs, tablet PCs, iPhones or iPods - there's something very alluring about a shiny new gadget. Of course, with technology constantly being updated, it's hard to stay up to date with the latest new releases.

Computer and electrical appliance rental offers individuals the chance to acquire the latest technology without needing to lay out a considerable sum upfront. For many people, this offers an easy and low maintenance alternative to buying, once you understand what you're committing to.

Understanding computer rental

When you sign up for computer or laptop rental, you're agreeing to pay a fixed monthly cost for an agreed lease term, often ranging from 12 to 36 months. You have the option to bundle a number of assets and products into one lease, so you can make a single payment on all your rental products. You'll also enjoy other helpful benefits such as access to a loaner laptop should your equipment become lost, stolen or needing repair - so you never have to be without a machine.

Once your lease term comes to an end you'll have a choice of options available to you including:

- Return - as with any other rental product, you can simply return the equipment back to the lender at the end of your lease term.

- Extend or Upgrade - some rental finance providers give you attractive options to extend your lease, such as doubling your lease term for just one additional monthly payment. Alternatively, you may be able to swap and upgrade to the newest models and have some of your monthly payments waived.

- Purchase - for computer rental, most finance companies allow you to make an offer to purchase the equipment at the end of your lease term.

These flexible end-of-lease terms and the flexibility of monthly payments make computer rental an attractive alternative to buying.

Electrical appliance rental

Meanwhile, it's not just computers that are available for rent - rental finance is available on electrical appliances and household goods. Are you renting your flat and only have room for a little fridge? Why buy an appliance that you will only use for the short term - rent appliances including refrigerators, washing machines and white goods, so you can have access to all the equipment you need for now - and save up for everything you'll need in your dream home.

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