People all across the globe are using rent to own more and more. Rent to own is becomming more and more popular among people like college students, real estate agents for staging, business men on the move, millitary people, medium income families and more. Rental agreements are also becomming popular for weekend sporting events such as football games and fighting events. The consumers of today are either paying the item off early with 120 days or 150 days same as cash options. This option allows the consumer to pay the item off early for a drastically reduced amount of money. CHOICE is the great benefit in rent to own.
The CHOICE is the biggest and best reason rent to own is a viable option in todays society. Customers in retail are STUCK with the item they purchase on their credit card or pay cash for. In rent to own, customer is only responsible for the next payment. The customer has the CHOICE to either continue on with the rental, return the item, or pay the item off early. In retail, this is not even an option. In todays busy world and recession, consumers like to have the choice of keeping an item. Rent to own allows a person to either many options. Rent to own offers payment flexibility with no obligations. This is the rto or rent to own way.
Rent to own has become a resonable way for lower income families to enjoy the great products of today with lower prices. Many people can not afford to go out and buy a new 50" LCD TV. The rent to own model allows almost anyone to have that item in their home at a very low initial cost and NO OBLIGATIONS to keep the product. Typical rental contracts can be set for weekly, bi-weekly, semi-monthly or monthly payments. Payment flexibility is the key. Rent to own today is fierce competition which helps to keep the prices low for the customer. Many can go to your nearest rto store and rent a top of the line TV or Sofa for around $25.00 per week. Rental length terms differ from the rental stores. Contracts in rto are generally 6, 12, 18 and 21 month contracts with some extending out to 24 months. Most people who use the rto way do not carry the items to complete terms. The customer either returns the items he or she rented or pays the item out early. When a customer decides to return the product they have rented, they will have a certain length of time to come back into the rental store and re-instate the agreement. Usually the customer can either get the exact product they once had back or can get a like merchandise delivered. The length of time the customer has the product is usually the measuring stick as to how long the rental company must hold the once rented product. The longer the customer had the account, the longer the company will hold it.
Rent to own contracts tell the consumer the total dollar amount they will pay if they pay it off early, a cash price today, a total rental amount if carried to term and any fees involved in the transactions. The prices are actually state laws that rental stores abide by. Each item in a typical rent to own store will have on a tag the weekly price, the monthly price and the cash price. Generally the cash price is also the 120 days or 150 days same as cash price also.
If you have ever thought about renting an item or starting your own rto company I hope this article has helped you. Rent to own has been a staple in the USA for those who can't afford to buy with credit or cash for new furniture and appliances. This example is a classic case of how rto can help. Lets say your refrigerator just went out today and you just spent $100.00 on groceries. You can go to your local rto store and have one delivered for around $15.00. That might just give you enough time to either go purchase one or get your unit repaired. Rto can be great for all people with needs.
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