Consumer Leases: Or how to save $3476.92

 

What are consumer leases?

A consumer lease is where a store allows you to rent/lease household goods, without making an upfront payment. You then make regular fortnightly/monthly payments until the term of the lease finishes.

Do you keep the item at the end of your lease?

The short answer is NO! When you are leasing an item you are not purchasing it. Those installments you pay each fortnight are not paying the item off, they just allow you the use of the item. At the end of the lease, the company will usually give you the following options:

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