That new iPhone 16 is looking very seductive – it seems to know you want it. You’re thinking about everything a romance with this brilliant new presence could mean for you and for your dreams. You sense how it could elevate your work, your lifestyle, your creativity, your communication style.

But here’s the question: are you ready to settle down?

You could launch this fling right now – no risk – with Sloop tech rentals. With Sloop, you get access to the phone you want to unlock your dreams, without the pressure of a long-term commitment.

Of course, you may be the type who needs a phone to-have-and-to-hold for the long haul. If so, we look at a range of financing options below.

But think about what matters most – to enjoy and value and engage with everything the phone offers, or to own it? Sloop is a vote for financial freedom, not another financial burden. It’s a choice for flexibility, not restriction. 

Sloop iPhone rental offers you low monthly payments, the opportunity of upgrading regularly and the freedom to move on, without stockpiling ex-devices. When you’re done, someone else gets to enjoy it. Sloop wipes it, refurbishes it and puts it back into circulation. It’s good for your budget and good for the planet.

Sloop is the alternative that allows you to pay-for-what-you-need, without signing up for exorbitant fees and lock-in contracts or adding to the mountains of tech waste produced by mindless consumption. 

Sloop could be the best way for you to get this romance started, knowing it’s for three, six, twelve months – maybe more, but not forever. 

Let’s compare it with the other options for getting that new phone into your hands:

1. Mobile Provider Finance (with Vodafone, Telstra or Optus)

Your carrier can bundle your new iPhone with a payment plan of 12, 24 or 36 months. That comes with the convenience of one bill, for phone and plan, and you might be able to trade in your old phone. 

The downside is you’re locked in until the phone’s paid off and there’s a hefty fee if you want to change up. Resale value is low at the end of your term – phones lose around 70% of their value in the first year – and many turn into wasted e-junk. (Do you already have a phone or two in your bottom drawer?)

A 12 month rental with Sloop has a lower monthly commitment, no fees, and means you can send the phone back into circulation when you’re done. Good for you, and a step towards effective reuse and recycling.

2. Store-based Finance 

With store-based financing, such as JB Hi-Fi’s Latitude Pay, you can also have interest-free financing, but you’ll have paid more for the phone that you own at the end of the term and, if you miss a payment, there are penalties to get back on track. You can stay with your mobile provider, but to get the lowest monthly payments, you’ll be locked in for 24 or 36 months.

Sloop offers the flexibility of moving on to the new release when your six or twelve month contract is done – with lower, budget friendly rental payments along the way.

3. Buying Outright (Credit Card)

When you buy a phone outright with your credit card, you own it. Sweet! As long as you pay the balance immediately you’ll pay no more than the store price. Pay it off slowly, however, and there’ll be interest costs. Get behind and you’ll pay late fees.

There’s also depreciation on your asset and the possibility of buyer’s remorse if it turns out to be not quite what you needed. 

Sloop gives you access to the device you need, when you need it. You’re not wasting money on something that loses value the minute you turn it on. You’re not adding to your collection of stuff.

4. Buy Now, Pay Later (BNPL) 

Buy Now Pay Later services (Afterpay and Zip for example) split the purchase price into smaller, interest-free instalments paid fortnightly or monthly.

There’s no interest – but you’ll pay late fees – and the BNPL service may have lower spending limits than other finance options. Late fees can accumulate and once you get into BNPL loop, there’s a temptation to overspend.

And that brings us back to ownership – how much stuff do you need? No doubt you need the functionality of a smart phone, but why not rent the service the phone provides, rather than commit to a single handset for years to come? 

5. Finance Company 

With a finance company – such as Snaffle – you lease the phone and at the end of the term, you can buy, upgrade, or return it. Terms are usually 24 months or more, there’s an application process and, when you do the numbers, you’ll pay well over the store price for your device by the contract’s end.

With Sloop, there’s no application process for approval, you can plan your rental term to ensure you upgrade as regularly as you like and there’s no hidden fees.

Access or ownership?

Don’t misunderstand us, Sloop has no problem with long term relationships. We just want one with you. And if you’re not wedded to one device, we can keep giving you access to the latest and best for full flexibility at low cost.

And phones are just one example. 

What about a camera for a video project or the vacation of your dreams? A laptop for a major presentation or research project? Tablets to run an event? An e-bike for a six-month travel adventure?

Who knows what the future has in store? With Sloop tech rentals you’re ready to grab the opportunities, without getting caught up in owning stuff, so your romance with life stays fresh.