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JB HiFi Revamp RentSmart Offering

Retailer revamped rental offering, everything from iPads to phones and TV
JB HiFi’s new RentSmart scheme lets consumers rent iPads, Macs, software, TVs and smartphones starting at $4.02 per week, with an option to upgrade to a newer model every 2 years.

It also covers theft and accidents and the retailer is offering consumer approval for its rentsmart scheme within 5 minutes online.

However, you need to be earning $30K plus and never have been bankrupt.

Rental agreements come in 24,36 and 48 month options. JB is renting out electronics worth $330 and over, and you can also rent multiple products.

However, the interest rate is pretty high – say if a consumer wanted to buy 55″ Samsung Smart 3D TV costing $2496, they pay off $44.18 every week for 2 years, meaning they would be repaying $4594.72 in total, or $2000 over the original price.

However, it is offering 25% rebate if consumers upgrade after 2 years.

 JB are also offering customers a loan replacement item if an item is faulty or stolen.

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