Basic Set-Up Costs: Renting household goods Part (2)

Date: 2012.02.06 | Category: Basic Set-Up Costs, household, Renting | Tags: Basic Set-Up Costs,goods,household,Renting

As with renting a place, of course, you are paying to use something that you don’t own, spending money you could otherwise be saving to buy your own. The basic costs you face are delivery fees, the rent on the item, plus insurance on big items like TVs and DVD players.

You will also have to pay quite a bit of money if you damage any of the furniture or appliances—if your friends spill red wine all over your rented couch, you’re the one with an expensive cleaning bill to pay as well. It isn’t all bad news, however—the longer you rent a particular item the less rent you have to pay on it because it is depreciating in value.

Many companies will allow you to buy an article after you have rented it for some time. Renting appliances in particular—like a washing machine, TV or video—can be a good option for the short term. You can also get really good package deals if you shop around.

But remember that ‘rent money is dead money’. My friend Emma rented a washing machine for four years and in the end calculated that she had paid for the purchase price twice over and still didn’t own the machine!

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