While there are some benefits to leasing, particularly for those who want to play a PS5 but can’t afford the initial cost of buying one upfront, there are drawbacks. Depending on the lease term and length of the plan, renting a PS5 can cost more than buying one. There are options to buy a device at the end of a lease, or to continue renting or upgrade (a three-year contract would take you up around the time the PS6 is rumored to arrive in 2028). Otherwise, you won’t own the thing you’ve been paying for over the last several months.
If you can’t afford a ps5 it’ll be better to just get a small loan or finance at a place like Currys. Only way this rental service is better is if a contract can be very short like a month or two and you’re only planning on playing a game or two and have no friends you can or are willing to lend you their console for a short time.