TV Rental

michael1983l

According to the insolvency service website, you are allowed to rent a TV. Which is great as I am in desperate need of one and with IPO ect will never be able to afford to save for one. Only trouble is, is that all the ones I can find are rent to buy rather than plain rental. Is this going to be ok to the OR???

arcon5

Can't you just go on a website like freecycle and get one for free?

Or eBay/Gumtree where they can be picked up for less than £30?

As for your question, I doubt it will be a problem for them.

michael1983l

I could but it is not really in my personal interests to keep spare budget in line for an IPO. So as long as I am playing by the rules I do not see why I should not try my damned hardest to swallow up the remaining small amount by operating by their guidelines.

Just being honest.

TheGardener

They might not be the latest in plasma flat screens but our local charity shop (electrical and furniture) has got dozens of TV's for no more than £50 - some of them would have cost thousands when they were new with surround sound, dolby stereo - the works - but they are not flat screen so they are cheap as chips...I wouldn't think the OR would have an issue with you having a TV? Renting is not a cheap option now - places like Brighthouse will rent you one you could have paid for 5 times over if you just bought 2nd hand.

debtinfo

The other thing to consider is if those places credit score? not sure if they do but something to think about.

londonTiger

yeah renting a tv is just silly. I work in the AV rental market. For long term rent to buy you'll be paying 2X the retail price over the course of the "lease". The lions share of the market is for event rentals and they tend to be 1/4 of the retail cost of the unit for just a weekend (b2b corporate stuff means they just need a TV at a specified location and taken away and will pay any reasonable amount to get the equipment on site and taken away reliably).

You are better of doing what arcon suggested, world cup is coming up that's always a precusror to loads of people going out and buying the latest TV - which means perfectly decently TVs will trickle down on the used market and a lot of good flatscreens will be shifted for silly money.

WickedWitch123

But isn't the point that Michael is trying to use up his excess income to avoid an IPO? If its within the guidelines to do so, then renting a TV is one way to do this.

Just my opinion of course.

egrescrimp

I'd imagine the only places that would touch you for a rental TV are the likes of Brighthouse and Perfect home, do you really want to pay so much?

Or are you considering getting a second hand TV and then trying to claim a reasonable weekly amount for a TV to give you some extra money?

londonTiger

WickedWitch123 wrote: »

But isn't the point that Michael is trying to use up his excess income to avoid an IPO? If its within the guidelines to do so, then renting a TV is one way to do this.

Just my opinion of course.

Hmm. Is it possible for them to get a friend to purchase the TV and then set up a standing order to pay them?

HappyMJ

londonTiger wrote: »

Hmm. Is it possible for them to get a friend to purchase the TV and then set up a standing order to pay them?

The friend would have to set up a small business in the business of buying and renting out a TV and the transaction has to be on commercial terms. Doesn't take much but the income the friend gets somehow has to be declared for tax purposes (even if there is no profit and therefore no tax paid).

WickedWitch123

londonTiger wrote: »

Hmm. Is it possible for them to get a friend to purchase the TV and then set up a standing order to pay them?

Or he can just buy it himself? :rotfl:

Maybe he doesn't have a problem with using Brighthouse etc.