Nowadays, there is a common trend of renting-to-own stuff like electronics and homes, etc. For instance, if you don’t have the money for purchasing a TV, you can rent-to-own it. You can have it on rent for a few years and then buy it whenever you have the required amount. Similarly, if you can’t afford a house, you can rent one for some time and then own it. This may be a new or a less familiar idea for many people and when they get into it without knowing the essentials, they end up losing their money to frauds!
If you are thinking of renting-to-own a TV or some other electronic stuff, you are on the right page. We’ve got everything that you must know before investing your money in it. Does it promise the best of both buying and renting? Is it a good idea? You’ll get to know everything. So, let’s start.
How do rent-to-own works?
Rent-to-own is a special type of payment plan where you can buy brand new stuff like furniture, electronic appliances, and homes through cash installments. Let’s say you want to rent-to-own TV, you will go to some company offering rent-to-own TVs and get your desired product without a large upfront credit or cash payment. You will be paying the decided rent as per the schedule for the time you are using the TV and then return it anytime without any obligation of making the next payment. You may be paying more than the fair market price but this extra money makes up for your down payment at the end of the lease. But if you don’t buy the product at the end, you’ll lose your extra payments.
In simple terms, renting-to-own is like renting something and then owning it when you are ready. The rent you pay starts accruing for the down payment and you can use it to buy the product!
Is renting-to-own beneficial?
Renting-to-own can help you with saving money for a down payment while you are testing the product to make sure it is worth your money. Many people claim that the rent they pay is greater than the market value of the product, however, it is eventually added to the down payment at the end of the lease, so isn’t it ok? At least, you don’t have to bear the large upfront payment!
Also, many rent-to-own dealers cover large repairs of the item they rent out so that you don’t have to worry about the repair bills. When the contract ends, you are given two options; you can either buy the product or take another. In this case, your extra money will be saved but if you don’t want anything mentioned above, the company will return its product, won’t force you for any further payment but you’ll lose your extra money.
Now, you decide if it suits you or not.
Our recommended rent-to-own firm
If you think that rent-to-own is good for you and are looking for a reliable dealer, we recommend you go with RTBshopper.com. They are one of the leading companies for rent-to-own electronics. Having a huge inventory of the top brands, RTB Shopper is making rent-to-own TVs and other electronic appliances way easier without any financial stress. Since they are offering the most affordable and flexible options for payments, how about giving them a try? So, hurry up visit RTBshopper.com now!
