Renting party speakers for New Year’s Eve instead of buying them: is it worth it?


TECHNOLOGY

Would you like a large party box for your New Year’s Eve party, but don’t want to spend hundreds of euros? Why not just rent? You can find everything you need to know about this in the article.

Renting party speakers for New Year’s Eve celebrations instead of buying them: Is it worth it? (Source: oneinchpunch / depositphotos.com)

  • The German provider Grover is the best-known option for renting technology.
  • The technology is protected by a program called Grover Care, so there is no risk of high repair costs in the event of defects.
  • Renting technology through Grover sometimes incurs high costs, so the model is actually only worthwhile for cheap devices or for a short period of time.

Shortly before New Year’s Eve, planning for the big celebration is in full swing. What is missing? A large party speaker should create the right atmosphere, preferably with a microphone so that it can also be used for karaoke. The choice falls on the JBL Partybox 110, which is available to buy for 300 to 350 euros.

But doubts remain: spend so much money just for one evening? And the rest of the year? Is the box then in the basement gathering dust? You don’t necessarily have to feel this way, because there is now an alternative to buying technology – you can also rent it. A practical thing for one-off events or short vacation trips and it’s even available through the Saturn and Media Markt online shops.

But is it even worth it? We’ll do the check and show you the model using the example of the Bluetooth speaker for New Year’s Eve.

  1. How does renting technology work with Grover?

  2. Monthly fee depending on rental period

  3. Rental equipment is “new or as good as new”

  4. What happens if the rental device is defective?

  5. Normal signs of wear do not count as damage

  6. Is renting technology worth it? Can I buy the device after renting?

How does renting technology work with Grover?

The concept of commercial technology rental, as implemented by the German company Grover, is still relatively new and unexplored. Although it started renting technology online in 2015, the company currently has no significant competition.

The concept is really simple. Technology devices such as Bluetooth speakers, smartphones, smartwatches, headphones, laptops, cameras, consoles or drones can be rented for a specific period of time for a monthly fee. Legally speaking, this is a rental that is secured by a rental agreement. Thanks to the cooperation with online retailers, bookings are not only possible via Grover itself, but also via the shops of various well-known online shops.

Monthly fee depending on rental period

Using the example of the JBL Partybox 110, you can see that the device can be rented for at least one, three, six or twelve months.

Using the example of the JBL Partybox 110, you can see that the device can be rented for at least one, three, six or twelve months. (Source: Screenshot: Netzwelt)

At Grover, the minimum rental period varies between one and eighteen months depending on the device, although all devices can also be rented for just three, six or twelve months. After the minimum rental period agreed in advance has expired, you can terminate the rental agreement on a monthly basis and return the device.

The price for renting does not only depend on the model and device. It also makes a big difference whether you rent for just one month or for twelve months. The JBL Partybox 110 only costs 17.90 euros per month if you book it for a whole year.

But if you only want the speaker for one month, it costs a whole 41.90 euros per month. According to Grover, there is no deposit or other hidden costs. There is a one-off charge of 4.90 euros for delivery of the speaker, and return shipping is free.

Rental equipment is “new or as good as new”

Grover states on the website that the minimum rental period can be extended at any time in the customer account, making the monthly rental price lower. After the minimum rental period has expired, the device can be returned free of charge or re-rented for the same price.

The provider promises on its website that all rental devices from Grover are “either new or as good as new – and always technically flawless”. The “Tipptopp Tech Promise” does not rule out the possibility that you could receive an opened product that comes from a return, for example.

What happens if the rental device is defective?

We have already mentioned Grover Care in the text. This is Grover’s protection program, which covers all rental devices and is intended to protect renters from expensive repair costs in the event of defects. Grover Care costs nothing extra and is automatically included with every rental agreement, so you don’t have to worry about hidden costs or additional contracts.

Specifically: During the rental period, Grover covers 90 percent of the costs “for repairs or replacements in the event of any kind of damage.” These include things like broken displays, water damage or very severe signs of wear and tear. For drones, only 50 percent of the costs are covered. If the error is manufacturing-related and not caused by you, 100 percent of the repair costs will be covered.

Normal signs of wear do not count as damage

Grover also states on the website that some cases are not covered. The provider humorously writes on the Grover Care website that payment cannot be made in the event of theft, loss or if the devices are eaten by a shark. It should be noted that some liability and household contents insurance policies cover the damage in such cases.

The provider adds that minor signs of wear that occur during normal use do not count as damage. Rental technology does not have to be treated like a raw egg. In the example images you can see that normal scratches on the housing or display as well as flaws in the frame are not a problem. Severe damage such as cracks, many scratches or cracks are covered by 90 percent, so the tenant only has to cover 10 percent of the repair costs.

Is renting technology worth it? Can I buy the device after renting?

Until some time ago, Grover offered the option of buying the device for a symbolic euro after a certain rental period and keeping it forever. It no longer works like this – the purchase option is still available after the minimum rental period, but the support team will then create an individual purchase offer for you.

The price depends on several factors, such as the current device value, the device type, the age of the device and previous payments. It is therefore not clear what Grover is suggesting as the purchase price.

But: Even when buying for the symbolic euro, the purchase has usually not been worth it in the past. We carried out some sample calculations at the time, which you should take a look at below. The prices mentioned for hardware and rental are as of June 2022.

  • Smartphone: An iPhone 13 Pro Max with 128 GB storage in Sierra Blue. Cost (RRP): 1249 euros, available in stores for 1129 euros. At Grover the device costs 54.90 euros per month if you rent it for at least 18 months. After 18 months, the amount comes to 988.20 euros. After 27 months you can buy and keep the device. This means that in the best case scenario you paid 1,483.30 euros for the iPhone. That’s around 350 euros more than if you bought it directly.
  • Smartwatch: An Apple Watch Series 7 in aluminum and 45 mm, without LTE. Cost (RRP): 459 euros, available in stores for 424 euros. At Grover, the device on offer (March 11th) costs 17.90 euros per month if you rent it for at least 12 months. After 18 months, the amount comes to 214.80 euros. After 31 months you can buy and keep the device. This means that in the best case scenario you paid 555.90 euros for the Apple Watch. That’s around 130 euros more than if you bought it directly.
  • Camera: A Sony Alpha 7 III without a lens. Cost (RRP): 1999 euros, available in stores for 1789 euros. At Grover the device costs 89.90 euros per month if you rent it for at least 12 months. After 18 months the amount comes to 1078.80 euros. After 25 months you can buy and keep the device. This means that in the best case scenario you paid 2248.50 euros for the Apple Watch. That’s around 450 euros more than if you bought it directly.

You can see: the more expensive the device originally is, the more you pay with Grover. Savings of up to 450 euros were possible in our examples in 2022 if you bought the device completely. That’s a nice chunk of money.

A technology rental can therefore only be recommended to a limited extent. For inexpensive devices, the additional charge is manageable. Even if you only need the rental device for a short period of time, Grover is a good solution. It can also be practical if you are thinking about buying a device that you would like to try out in advance.

So what about the party box for New Year’s Eve? You can do it! Although the rent for a month with shipping will cost you just under 47 euros, you will have to fork out at least 300 euros when purchasing. However, it’s hardly worth it for a longer period of time – if you want to use the box regularly for parties, it’s better to bite the bullet and buy it.

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