You’ve heard of companies out there like Rent-A-Center haven’t you? They allow consumers to rent appliances, furniture, and electronics. Generally, I think a person should be able to afford an item and buy it outright if they want something. But I think there are a few instances where renting can make sense.
Here are a few cases where it could be beneficial to rent furniture, appliances, or electronics:
If you have to go out of town to attend school, be it for an undergraduate degree or an advanced degree, you’re going to find yourself in a location that may not be permanent. Say you’re going for your Master’s in a new town. You rent a place that you need to furnish but you don’t want to commit to the expense of furniture or appliances that you aren’t sure you will need or want once your program is done (or even in between semesters). I think the option to rent can be real help in this case.
Work in Another Location
Sometimes you are required to move to a new city as part of your job. For some this could be permanent but for others it may only be a short-term move. Maybe a manager is required to be in town for a year to get a new location up and running. Or maybe you only plan to work in a city for a year or so for the experience and then move. Buying brand new furniture and appliances may not make sense. Again, renting is a nice option.
Planning to Move Soon
Imagine you have a nice apartment but you are planning to buy a house soon because the current place is cramped. But you desperately need a new couch. Do you buy a new one? Your couch may not work well in your future house. What if your TV goes? Should you buy a new one knowing you will have to have it moved? Renting can be a nice short-term solution until you are settled into a new place.
We bought our couch years ago and you know what? It really doesn’t work well in our living room! If we had needed a new couch in the past year, before we bought our home, we definitely would have considered renting since we wouldn’t want to make the expense of a new couch with the chance we might not like it in the new place. And physically moving it would be a consideration as well.
So you see, I think there are some real circumstances where, if you aren’t sure about where you will be living short-term, renting furniture, appliances, and electronics can make sense.
Rent-A-Center Room Remake Sweepstakes
The folks at Rent-A-Center want you to know about a Facebook contest they are hosting – a Room Remake Sweepstakes!
A winner will get a room makeover with new, brand-name items.
To enter, visit the Rent-A-Center Facebook page, “Like” them, and click on their Enter Now button (check the Facebook page for official rules).
In addition, Rent-A-Center is offering up a $50 Visa gift card to one lucky reader of Free From Broke!
To enter for the $50 Visa gift card, leave a comment on this article telling me what you would upgrade with the $50 gift card.
Now some quick legaleze: Only one comment per person/email. Contest will end November 14th,2010 at midnight EST. Make sure you leave a valid email so I can contact you to have the gift card sent out. The gift card will be mailed by the PR Firm offering the gift card up. I hold no responsibility for the mailing. Only valid comments will be entered (I reserve the right to eliminate comments I feel are spam). If I don’t hear back from the winner after 48 hours I may pick another winner. Winners will be chosen randomly using Random.org. Contest only open to residents of the US.
Make sure to enter both contests and pass along the information to your friends!
Disclosure: Two gift cards are being offered up by Rent-A-Center in consideration for this article (one personal and one to give away) though all opinions in this piece are my own.