Flexible Rent/Buy Scheme
February 5 2009
Electric Rentals has a simple rent/buy option on new items hired for a minimum of 12 months. This means the items hired can be purchased at a reduced rate anytime after the initial 12 months.
Most companies who offer rent/buy do so with a specific term in mind but Electric Rentals has a policy of allowing our hirers to purchase at any time after hiring for only 12 months (providing they have demonstrated a good payment history).
Under this scheme, the purchase price is calculated based on a formula whereby one third of the rental paid to date of proposed purchase item is deducted from the original retail price, generally provided by MAD - MELBOURNE APPLIANCES DIRECT. MAD supplies appliances at a much lower cost than generally available from most bulk stores.
Alternatively, if a hirer does not wish to purchase an item during the rental period then it is automatically provided free to the customer at the completion of 45 months hire, again subject to a good payment history.
Basically, the hirer has the option to purchase if and when you have spare cash.
