Tough Time Ahead?

To rent or buy: that is the question Considering renting or hiring items in the near future? RentHire.com has compiled these handy hints for those weighing up their options.
Why consider renting or hiring?

• There's no need to shell out large wads of cash upfront.
• Hiring a product or service on a regular repayment plan (weekly, fortnightly or perhaps monthly) can prove to be a more manageable solution for some Australians.
• Renting is ideal for people that require items for only a specific period of time ? a day, a week, a month, for instance???????
• If you?re renting a product it?s an ideal way to try before you buy. As newer products or services become available you can upgrade your rental or hire item to a more up to date product or service.
• Renting offers the convenience of having products or services delivered to you, installed and removed for you, giving you greater peace of mind.
• Renting or hiring an item can be used as a means to rebuild a poor credit history.
• It can make better financial sense to rent: placing less strain on cash flow and possibly attracting a tax deduction opportunity.

• Always read the fine print before signing a rental or hire contract! Be aware of what is covered in your rental or hire agreement: technical faults? Installation costs? Never sign a contract you have not read and understood properly.
• The onus is on the hirer or renter to do their research. Make sure you understand what you are agreeing to.

Know what the penalty will be for not meeting the terms and conditions of the contract: whether there are any early termination fees or charges you may need to pay if you default on repayments for any reason.