Consumer rental website RentoMojo that used to deal in renting of furniture, electronics, and vehicles, has now started renting smartphones as well. The platform is offering flagship devices like the iPhone X, iPhone 8, Google Pixel 2, Samsung Galaxy S9, and the Samsung Galaxy Note 8 on rent for half yearly, yearly and two-yearly basis. The rent of these smartphones starts from Rs. 2,099 per month, and goes on till Rs. 9,299 per month. RentoMojo also offers the option to own the device after two years of renting.
The renting website has listed the iPhone X rent price as Rs. 4,299 per month if you book for 24 months straight. If you book the iPhone X for half a year, you pay Rs. 9,299 per month. The longer the tenure of renting, the more benefits are offered to the consumer. If after the end of 24 months, you wish to own the iPhone X for good, the user will need to pay an additional Rs. 15,556. RentoMojo also takes Rs. 9,998 as an initial refundable deposit.
The least amount of rent is on the Google Pixel 2 which is Rs. 2,099 per month for 24 months. Half yearly rent goes up to Rs. 5,398 per month. A refundable deposit of Rs. 5,398 is taken from the customer as a refundable deposit on the Google Pixel 2. Similar rental offers are listed for the iPhone 8, Samsung Galaxy S9 and the Samsung Galaxy Note 8 as well.
As mentioned, all of the devices listed on RentoMojo are flagship devices that are costly and cannot be afforded by many. This rental idea will give these users a chance to use flagship devices for a limited time, which could prove to be an attractive factor for many.