Fridge rentals allow you to get a high-quality refrigerator without incurring large upfront costs. Rent-to-own options may be a possibility, too, depending on where you acquire the unit.
Refrigerators aren’t optional. To avoid living off of canned and boxed food, you’ll need this convenient appliance. On the other hand, fridges aren’t cheap, and if you’re strapped for cash, that’s a substantial outlay.
Fortunately, there is another option available: refrigerator rental. You can rent well-branded refrigerators and have them delivered to your house for a low weekly or monthly fee. If you’re on a set budget, there are short term fridge rental options available.
Why Rent a Fridge?
If you’re looking to save money upfront, renting a fridge is the logical option. However, a short term fridge rental may be your only alternative if you don’t have hundreds of dollars in savings and are short on cash.
There is usually just one refrigerator in the house, so what happens when it breaks down? Ownership means you’ll have to wait for repairs or replacement parts, which can be pricey and time-consuming, resulting in unnecessary stress and an unexpected charge. Customers who rent refrigerators have the peace of mind that their rental includes service from highly qualified engineers. Whenever something goes wrong with your fridge, you’re simply one phone call away from assistance.
Furthermore, renting is a good option if you don’t know how long you’ll be staying in one place. For instance, if you know you’re going to be moving shortly, you may not want to invest in an expensive appliance that you’ll have to spend to uninstall, relocate, and reinstall somewhere. With a rental, you may terminate your contract and return the item at any time.
How To Rent a Refrigerator?
A refrigerator can be rented from a wide variety of establishments. The procedure is straightforward: To order, you visit the store’s website or showroom and select a model. Depending on where you reside, the provider may be able to deliver the fridge to your home the same day. Numerous companies will also arrange for the unit’s setup and installation.
After that, you’ll have to pay either a weekly or monthly rental cost to use the unit. Most stores allow you to return the fridge at any time, but if you choose, you can lease it out until you actually purchase it. The length of time it will take to pay back the rental will be specified when you sign the lease.
The Bottom Line
You can save money on a refrigerator rental if you don’t have a lot of money to spare. If you only need one for a short period, it may be a good idea. However, if you’re searching for a long-term solution for your dream home or a consistent stream of tenants, it’s probably not the greatest option – at least not if money is a priority.
The good news is, if you decide to purchase a refrigerator for your house or rental property, you will reap the benefits for many years. According to data, the average lifespan of a refrigerator is 13 years. However, they may be able to last much longer if they are properly cared for. Another advantage is that if it’s in a rental property, you may be able to deduct the depreciation on your annual tax returns.