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Find out if renting a cell phone is worth it | Technology

An extra camera, a more modern processor, a nicer design – the temptations to change smartphones frequently are many, but not everyone can afford a new phone every year. Thinking about it, another type of service has emerged: the rental of the device, but is it worth it?

  • How cell phone rental works

Buying in cash will always be more advantageoushighlights Ricardo Teixeira, coordinator of the MBA in financial management at Fundação Getúlio Vargas (FGV).

If this is not the case, you need to do some math to understand whether it is better to rent or face a purchase on term. To make that decision, The first point is to understand how long you intend to keep the device.

Teixeira recommends answering the following question: how long do your cell phones usually last? Think about whether you are the type that drops a lot, and ends up having to change it more often, or if you simply prefer to change the model every year, to be up to date.

  1. multiply the months that your cell phone usually lasts (or for which you intend to keep it) by the value of the monthly rent, to understand how much you would spend on this service. Remember that most plans usually last at least 1 year;
  2. research and write down the best price found for the purchase of the device on installment, considering your credit card limit. Add it to the insurance value, normally offered separately;
  3. compare the results of the two accounts and analyze: which is cheaper? Is it the same? Considering the purchase, would the cell phone still be worth something after the discharge? How long would you still enjoy the device without having to pay anything else for it?

THE g1 made a cost simulation with an iPhone 13 (128 GB) new:

  • buy at the store apple: R$ 7,599 in installments (up to 12 installments of R$ 633.25), without insurance.
  • internet stores: from R$ 5,689 in installments (up to 10 times of R$ 568.90), plus R$ 796.50 for one year of insurance (considering the prices of five large stores on May 2).
  • rent at Allugator: BRL 3,197 for 1 year with insurance (divided into up to 3 installments of BRL 1,065.66; at the end of the contract, it is possible to buy the cell phone at the “market price”, which would be the “value practiced in stores at the time the purchase is requested, with a small depreciation due to the fact that the product is already used”, and without deducting what has already been paid in the rent).
  • Leapfone rental: BRL 13,470 for 30 months with insurance (monthly fees of BRL 449; it is possible to change the device after 12 months or keep it at the end of the contract, at no additional cost).

Large companies are also eyeing new ways to have a “fashionable” cell phone. Itaú, for example, has the iPhone Para Semper, a program where the customer pays up to 70% of the value of the device presented by the bank for 21 months to use the product.

After that, you can return it and start a new contract with another device or pay the rest and keep the cell phone permanently.

In the case of the iPhone 13 (128 GB), the amount paid in 21 months for the iPhone Forever was R$ 5,087.46 (R$ 242.26 per month) in early May. To keep the cell phone after this period, it is necessary to pay another R$ 2,285.54, totaling R$ 7,373.00 for the device.

Itaú says that “it is not responsible for the loss or theft of the iPhone, which must have the installments and final payment paid normally”. The same applies in case of damage to the device.

Premium smartphones: find out what makes these devices so expensive

Premium smartphones: find out what makes these devices so expensive

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