Gadgets can be expensive, so you want to make sure they’re actually worth the price before you buy. Lumoid is a service that lets you rent out camera equipment, audio gear, fitness trackers, and other gadgets to make sure you actually like them before you commit.
When you’re in the market for a new gadget, you typically do quite a bit of research, from reading reviews to watching product videos. Sometimes, though, you buy the product and realize it’s still not exactly what you had in mind. As PC Mag points out, this is where try-before-you-buy rental services come in. They interviewed Aarthi Ramamurthy, the founder of Lumoid, who says “for $20 or $30, customers can try out thousands of dollars thousands of dollars’ worth of gadgets.”
Lumoid rents out camera equipment, fitness trackers, headphones, speakers, and drones (for now, they only work in the U.S, though). You rent out a product you’re thinking of buying; if you like it, you buy it online and they’ll ship you a new one. The best part: the price you pay to rent goes toward your purchase price. Some items are priced individually, and others are part of their “Home Try-On” program, which lets you pick three items to try out at once. They explain how it works:
a. Pick any 3 items, add to your Home Try-On Cart, tell us where to ship it to. There is a $35.00 charge for the trial, $25.00 of that will go towards your wearable purchase.
b. We ship the items to you via USPS, and you get 1 week from the day you get the items, to try them out. Wear the items, download the related apps, and sync the data. Test-drive them to understand what works best for you.
c. At any time during the 1 week period, come back to lumoid.com/products/wear and purchase the item you’ve decided to buy. We’ll send a brand new item of your choice.
d. Ship back the Home Try-On box using the return label inside the box. If you haven’t picked an item to buy at the end of 1 week, then we charge a $35.00 fee for the Home Try-On. If you have purchased an item on or before the 1 week of Home Try-On, then there is no additional charge or fee.
They don’t seem to hike up their prices, either. Every item I researched on the site was priced the same on Amazon. The only drawback is that you have to pay for shipping when you test out the items. The fee depends on your location and what you order but they explain that the base shipping fee for two photography or video products, for example, is $28 for most states. Unfortunately, they don’t ship internationally at the moment but they say they’ll expand if demand is high enough.