LG has introduced a novel solution for those reluctant to pay a large sum upfront for home appliances: the LG Rent-Up service. This offering allows consumers to rent various home appliances, providing a more manageable alternative to outright purchases. The service encompasses nine distinct product lines, including essentials like air and water purifiers, air conditioners, washing machines, refrigerators, and televisions. Customers can opt for a rental period ranging between five to seven years.
One of the key advantages of the LG Rent-Up service is the elimination of the need for a large initial payment. Instead, consumers can spread the cost over time. Additionally, LG ensures that the rental experience is hassle-free by including free delivery and installation services, alongside the guarantee of a standard warranty for the duration of the rental agreement. At the conclusion of the rental term, renters have the opportunity to own the appliance they have been using.
Although the cumulative cost over the rental period may exceed the appliance’s original purchase price, the exact difference varies by product. LG also notes that the maximum number of appliances a customer can rent is influenced by their credit score, though details on the criteria remain unspecified. Furthermore, the ThinQ app offers renters the convenience of monitoring the status of their rented appliances. More information on the LG Rent-Up program, including available products for rent, can be accessed on LG’s official website.
