Everything You Ever Wanted To Know About Renting A TV.
Can you still rent TVs in the UK?
Yes! it is definitely still possible to rent TVs in the UK and you’ve come to the right place if you’re looking for one of the best TV rental companies out there. Whilst there are many companies that offer TV rental services, including some high-street retailers, we believe that we can offer something that nobody else can - a fast, fair and affordable service, even if you’ve not got the greatest of credit scores.
hiya! offer a range of TV models and sizes, and our rental fees include delivery, installation, and ongoing maintenance and support. Whilst some companies also offer the option to buy the TV at the end of the rental period, with hiya! we give you an 80% discount at the end of your rental period instead - with the option to upgrade for free should you wish.
When did TV rental take off?
TV rental became popular in the UK in the 1950s, when television ownership was still relatively low and the cost of buying a TV was high. At that time, many people chose to rent a TV instead of buying one outright, as it allowed them to enjoy the benefits of television without a large upfront cost. In the 1960s and 1970s, TV rental companies became more established, and rental agreements became more flexible, with customers able to rent TVs for shorter periods of time.
By the 1980s, however, the increasing affordability of TVs meant that ownership had become more common.
Nonetheless, there are still companies that offer TV rental services today and TV rental is still very common, particularly for customers who prefer the flexibility of renting over buying, or who don’t have access to the investment required to buy the quality and standard of TV that they really want.
Do Credit Scores Matter When Renting a TV?
When renting a TV, we do perform a credit check to determine your creditworthiness, but that’s not the only factor which decides whether we can rent to you or not.
Many other rental companies only look at your credit score as the key factor in assessing of your application, as it will give an indication of your ability to make payments on time and how you manage your financial obligations. But with hiya! We appreciate that your credit score doesn’t always accurately reflect your most recent borrowing history.
We understand that a bad credit score does not mean that you can’t afford to rent from us . Other factors that may be taken into account, when assessing your application, include your income, outgoings, employment status and the amount of dependents you may have. Your poor credit no longer matters when you rent with hiya!
Why Do People Rent Televisions?
There could be several reasons why someone might choose to rent a television instead of buying one. Here are some possible explanations:
Limited budget: Buying a high-quality television can be expensive, and some people may not have the budget to purchase one outright. Renting a television can be a more affordable option, as payments are usually spread out over time.
Access to the latest technology: Some people may prefer to rent a television because it allows them to upgrade to the latest technology more frequently than they would be able to if they purchased a television outright. Rental companies such as hiya! offer the latest models in a variety of different sizes, so our customers can keep up with the latest features without having to pay the full price for a new television every time.
Maintenance and repair: When you rent a television with hiya! we are responsible for maintenance and repairs, which can be more convenient than having to deal with these issues yourself if you own the TV.
Flexibility: Renting a television can offer more flexibility than purchasing one outright. If you need to change the size or type of television you have, you can simply return your rental at the end of the agreement and choose a different model.
Alternative to finance: Financing a TV usually involves both interest fees and / or good credit scores, which can make the TV more expensive in the long run if you pass the affordability checks. Additionally, if you miss payments or default on the loan, it can negatively impact your credit score even more. Lastly, you may also be responsible for maintenance and repair costs if the TV breaks down or malfunctions. Renting removes all of those barriers and can be a more flexible way to getting the TV you really want.