Just had a quick look at the flexirent website. Even if the 48%...

Just had a quick look at the flexirent website. Even if the 48% cap is included it wouldn't have a big effect it seems (from the very quick look I have had on the flexirent website).

Examples

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
1	Product	Term	Value	Simple	Compd	Actual
2	Galazy Note 2	24	$ 898	$  1,760	$ 1,414	$ 1,435
3	Sony Bravia 60inch Tv	48	$ 1,966	$ 5,741	$ 4,452	$ 3,784
4	Mile 405L Fridge	36	$   1,779	$ 4,341	$3,387	$3,253
5	Galaxy S5	24	$ 888	$1,740	$ 1,398	$ 1,419

So while the phone do appear to be over the cap on a compounded basis (by ~1.5%) the rest of the examples given on the page are under a hypothetical cap.

Of course it does depends on how any possible caps are implemented.