Tag: Raylo

Summary created by Smart Answers AI In summary: Tech Advisor explains Raylo, a London-based B Corp certified electronics leasing service offering smartphones, tablets, and laptops from Apple, Samsung, and Google starting at £8.99 monthly. This subscription model provides lower upfront costs and flexible upgrades without ownership, making flagship devices more accessible than traditional £1,000+ purchases. Raylo’s competitive pricing stems from device reuse and recycling, though users face damage fees and higher total costs compared to long-term ownership. Technology moves fast, and keeping up with the latest smartphones often means facing steep upfront prices or locking into lengthy, expensive network contracts. But what about leasing your phone and other tech devices? One such subscription service is called Raylo, but how does Raylo work? We’ll explain, including the benefits, drawbacks and costs. What is Raylo? Raylo is a subscription-based service that lets you lease (aka rent) various electronics, from smartphones to tablets, laptops to smartwatches, games consoles, TVs, headphones, PCs, and even home and beauty products like vacuum cleaners and hair dryers. You’ll be subscribing as you do to a service such as Netflix, only a device will arrive at your home to use for the agreed period. Brands available include Apple, Samsung, Google, Lenovo, Sony, Nintendo and Dyson. You can often choose if you want it brand new or refurbished. Typically, you can rent a device for a set period, varying from 12-, 24- or 36 months, but you can also go on a rolling monthly basis if you don’t want to be tied down for a longer period of time. At the end of the contract, you return the device. In simple terms, instead of financing a phone through a phone network provider with a bundled SIM plan, Raylo lets you get the hardware separately, without the huge upfront cost if you were to head to the shops and buy one. The company operates under regulated consumer credit agreements, so you may be subject to things like a credit check before being approved. Raylo Most of us are accustomed to the idea of owning anything we get. When you’re done with it, you pass it off to your kids or another family member, or you sell it off for less than you originally paid. With Raylo, you never own the device. When your contract comes to an end, you have to return the phone – much like renting a hire car, you eventually take it back at the end of your time driving it. The pros and cons of leasing This business model comes with both advantages and disadvantages. One of the main advantages is that there are lower upfront costs, especially since shelling out £1,000+ outright isn’t feasible for many people. You’re also a lot more flexible when it comes to connectivity since the phone isn’t locked in a specific mobile network or a long-term contract. In this way, you’re free to find the best SIM-only deal or eSIM you want and switch networks whenever you feel like it. Consumers who prefer having the latest tech, leasing makes it easier to upgrade because you don’t have to bother about selling an old phone or trading it on to fund the new one. It’s also worth mentioning that leasing is much better for the environment because Raylo handles recycling devices that are at the end of their life cycle. In this way, they don’t spend another five years in a drawer before ending up in a landfill somewhere, cutting down on e-waste. Raylo is a certified B Corp, a company recognised for “high standards of social and environmental performance, transparency, and accountability.”

Tag: Raylo

What is Raylo? Phone and Tech Subscription Explained

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