musicMagpie expands tech rental service

Re-commerce company musicMagpie has expanded its rental subscription service to tablets, games consoles, and MacBooks.

The service, which was first launched in October 2020, was originally available for smartphones. Since its establishment, the company has attracted 13,500 active subscribers.

The device is supplied to the customer at no up-front cost, in return for a monthly payment from £8.99 over 12 months.

Once the rental agreement is over, the customer can upgrade to a more recent device, keep the same device and pay less, or cancel the agreement and return the product.

Monthly rental fees start at £8.99 for a refurbished phone, £11.99 for a console, £12.99 for an iPad, and £19.99 for a MacBook.

“We are delighted with the progress of our innovative rental subscription service, which is why we’ve expanded it beyond smartphones and into other consumer technology categories,” said Steve Oliver, chief executive. “It’s clear from the popularity of this service, as well as the growth of the wider subscription economy, that consumers are increasingly prioritising access, value and sustainability over full ownership.

“There is also a growing awareness of the rising problem of e-waste, which musicMagpie’s circular economy model helps to tackle head-on by refurbishing and reselling consumer technology products, giving them a second or third life which they would not otherwise have had. The beauty of our rental scheme in particular is that it keeps electronic products in the musicMagpie circular ecosystem for longer.”

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