How one can Lease the Apple Watch Earlier than Shopping for It

Shoppers who’re on the fence about shopping for the Apple Watch will be capable of take it for a check drive, so to talk, earlier than deciding whether or not or not it is well worth the funding.

The gadget rental begin-up referred to as Lumoid plans to lease Apple Watches as a part of its wearable rental program for shoppers, stated Aarthi Ramamurthy, the corporate’s founder and CEO.

Lumoid will roll out a ready record on its web site later this week for shoppers trying to get their palms on the system when it begins delivery in April.

Whereas particulars about all of the purposes for the Apple Watch are nonetheless rising, business execs are sure of 1 factor: The smartwatch will value what’s for most individuals a small fortune.

It is anticipated to start pricing at $350 for the Sport mannequin and will probably value as a lot as $5,000 for the gold version. The iPhone maker is even reportedly putting in safes in its shops to safe the excessive-finish wearables.

Earlier than breaking the financial institution on the smartwatch, shoppers ought to be capable of attempt it out, Ramamurthy stated.

At present, Lumoid lets clients lease a set of 5 wearable units to check for seven days. On the finish of the week, if the client decides to not make a purchase order, they solely pay $20. That charge, nevertheless, is waived in the event that they determine to purchase one of many manufacturers they examined. Then Lumoid ships a brand new mannequin of the chosen gadget to the client.

The Apple Watch shall be included on this program when it turns into out there, Ramamurthy stated. The worth for renting a set of wearables that features the Apple system, although, will doubtless be priced a bit greater than $20, she stated.

The San Francisco-based mostly begin-up, which is partly backed by Y-Combinator, additionally plans to incorporate different new sensible watches, as nicely, together with Motorola’s Moto 360.

Lumoid, which launched in January 2014, initially solely rented out photograph and video gear, together with skilled cameras, GoPros and even drones. These units can nonetheless be rented on the corporate’s website for a every day payment that varies based mostly on the system.

However the firm expanded its enterprise into the wearables market in mid-January as a result of it noticed a chance to promote extra units by serving to shoppers determine which gadget greatest suited their wants, Ramamurthy stated.

"The wearable market is basically increasing," she stated. "In wearables, individuals need to monitor something from coronary heart fee to how briskly they’re strolling to operating all the best way to their blood strain. So we seemed on the market and thought there might be a barely totally different enterprise mannequin in comparison with the photograph video stuff."

The corporate, which at present solely does enterprise within the U.S., has had a number of hundred orders for wearables on its website. And whereas this system continues to be in its infancy, about forty eight % of consumers are shopping for one of many units they examined, Ramamurthy stated.

Another units shoppers can lease from Lumoid embrace Google Glass Explorer Version for $18 per day, a DJI Phantom 2 drone with a GoPro for $forty five per day and a Polaroid Dice digital camera for $four per day.

First revealed February three 2015, 10:fifty two AM

How to Rent the Apple Watch Before Buying It

Cadie Thompson

Cadie Thompson is a know-how reporter on CNBC’s Enterprise Workforce.

She joined CNBC in 2009 as a information affiliate engaged on Particular Stories for CNBC.com. She labored on a variety of tasks together with CNBC’s Emmy-nominated Particular Report concerning the monetary disaster, Growth, Bust, Blame: The Inside Story of America’s Financial Disaster; CNBC’s Marijuana & Cash Particular Report; and America’s Prime States for Enterprise.

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