Benefits of renting a smartphone

Smartphones make everyday life easier in many ways. Whether it’s logging into an online bank, getting directions on a road trip, or checking the weather, you can do it all with a smartphone. However, this convenience can come at a price. Some premium smartphone models cost more than 1,200 euros… So renting a smartphone can be a better option than buying, if you want to have the latest model without the high price.

What is a smartphone rental?

Renting a smartphone is similar to renting a car or an apartment. You sign a rental agreement with a smartphone rental company, which gives you the right to use the smartphone for a specified period. In return, you make lease payments. It is important to note that leasing is not the same as buying a phone on credit, as many mobile phone networks offer. In this article, we talk about rent a smartphone and return it when you no longer need it, for example.

When you lease a phone, you usually have to make an upfront payment, followed by weekly, bi-weekly, or monthly payments. The duration of the rental may vary from supplier to supplier. At the end of the rental period, you have the possibility to:

• return the phone and rent another;
• sign a new rental contract for the same smartphone;
• buy the smartphone you rented.

You may also be able to rent accessories for the phone, such as Bluetooth headsets or car chargers. Anything you pay for the rental only covers the physical use of the phone, you must pay for the mobile phone service separately. Unless you have equipment protection insurance, you may have to pay out of pocket for damage to a rented smartphone.

Benefits of renting a smartphone

In some cases, smartphone rental may be wiser than buying it. The suitability of this solution for you depends on your budget and your needs. Here is a brief overview of the advantages of smartphone rental.

Smartphone technology is constantly evolving and adapting, and new models are constantly being released. If you’re a tech enthusiast, renting a smartphone makes it easy to upgrade when a new model becomes available. Depending on the length of the lease, it is possible to get a new phone every year, allowing you to keep up with the latest technological advancements. It may be cheaper than buying. A typical high-end smartphone model costs $1,200 or more. And not everyone has this amount in their bank account. That’s why renting can be a good idea in case you really need a high-end phone. If you return your phone after 18 months to buy a new one, and if you ensure that the total cost of leasing your new phone will be less than its list price, you will continue to be ahead of the game.