onlyrenttoown.com

onlyrenttoown.com

Rent to own is a way for low income earners, or those who don’t have easy access to credit, to acquire merchandise. Usually a deal is made between the rental centre and the customer, for weekly, bi-weekly or monthly payments made over a number of years until the item is paid off and the renter takes on full-ownership. While all stores don’t have the same rules or offers, we’ll give you a rundown of the usual practices.

Items often found through rent to own businesses include electronics like computers and gaming systems, appliances including stoves, washing machines and freezers, and all kinds of furniture - from bedroom suites to dining room furniture and accessories. The mer ... (more)

Rent to own is a way for low income earners, or those who don’t have easy access to credit, to acquire merchandise. Usually a deal is made between the rental centre and the customer, for weekly, bi-weekly or monthly payments made over a number of years until the item is paid off and the renter takes on full-ownership. While all stores don’t have the same rules or offers, we’ll give you a rundown of the usual practices.

Items often found through rent to own businesses include electronics like computers and gaming systems, appliances including stoves, washing machines and freezers, and all kinds of furniture - from bedroom suites to dining room furniture and accessories. The merchandise is generally brand name and high priced to begin with, so be prepared to pay more in the long run for the convenience of owning a product right now. It has been said that some rent to own customers will pay up to three times the amount a product is actually worth if they wish to continue the rental until ownership.

Who benefits from rent to own?

Since there are usually no credit checks or down payments required with rent to own goods, they are popular with people who either have no credit history or very damaged credit ratings. They are also popular with people who don’t plan to stay in one place for a long time but want to have the best while they’re there. At any time in the rental agreement, the merchandise can be returned without a penalty being applied (in most cases).

No delivery fees and often same-day delivery is how rent to own stores cater to people who make quick decisions and want to have certain things immediately. Repairs or replacing of broken items is also usually taken care of by the company as long as the customer is continuing to make payments.

Buyouts

If renters decide midway through that they want to own the merchandise right away, many rent to own stores will allow them to buyout the product for a certain percentage of their remaining rental payments.

Rent to own can be a very good thing in certain circumstances, but buyers should find out all information before deciding which company to go with. If they can afford the payments easily and agree to the terms, it can be a great purchasing experience.

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