Pay only for the duration you have rented it. Choose any tenure that suits you better but you can return it even before finishing your tenure.
|Month of closure||1-3||3-5||6-10||11 & more|
|Applicable rent as per tenure||Full 3 months rental due||3 months rent||6 months rent||11 months rent|
For instance, if you rent an Appliance Combo for 11-month tenure @ Rs 1429/month, and return it in the 5th month,
you don’t have to pay for 12 months. Your ‘Applicable tenure rate’ would be for a 3 months tenure (@ Rs 1749/month). So, at early closure of 5 months :
You have already paid = Contract tenure rent x 5 months = 1429 x 5 = Rs. 7145 &
You just need to pay (Actual tenure rent – Contract tenure rent) * No. of months till date, which is, (1749 – 1429)*5 = Rs 1600 difference
and not the full amount i.e. – (Contract tenure rent x remaining tenure) = 1429*6= Rs.8574. Thus you save Rs.6974.