Why Rent To Own From Showcase Home Furnishings?
 |
NO Credit Needed! |
|
Flexible Payment Options! |
 |
|
NO Repair Bills! |
|
FREE Loaner if service is needed!* |
|
|
NO Long-term Commitment |
|
Name Brand Products |
|
|
Ready to Rent? Shop Online or Visit
a Store today! |
||||
*for customers with the Showcase Platinum Service Package |
||||
About Rent To Own
(information source: APRO www.apro-rto.com)
The unique rent-to-own transaction sprang up in the 1960s in response to a growing consumer need for acquiring the use of household products without incurring debt or jeopardizing the family's credit. Rent-to-own customers come from all walks of life, desiring consumer durable goods in their homes without the long-term financial obligations associated with credit sales. What distinguishes rent-to-own from a retail credit sale is the term "rent." There is no interest charged to consumers, no credit checks involved and customers can return the merchandise at any time. This no-obligation, no-debt feature is the cornerstone of rental-purchase. It's easy, it's safe and it's hassle-free as free replacement, repair and delivery are included.
Because the rent-to-own agreement is only valid for the payment at hand, the customer can change the terms and payments at any time for any reason. The customer is never obligated to make the next payment and can return the product at any time for any reason. This payment flexibility and no-obligation is the cornerstone of the rent-to-own industry and its popularity with millions of customers.
The growth of rent-to-own public companies and independent dealers is fueling competition in the marketplace creating many more payment options for the rent-to-own consumer. Many companies are offering three - six month rental agreement ownership options that are lowering rent-to-own prices. Again, the customer chooses the payment options and can change it at any time for any reason.
If a customer chooses a fewer number of payments, the rent-to-own price is significantly lower and is competitive to retail. If the customer chooses a higher number of payments, the total cost will be more than retail.
At the end of each rental agreement, the customer can either terminate the agreement without any cost or obligation, renew the contract by making another advance rental payment, change the rental agreement terms with a different payment or execute his or her early purchase option to obtain ownership of the product.
Rentals can be for one week, two weeks or one month at a time.
If the rental agreement is renewed a prescribed number of times—usually a total period of 12-24 months— the customer obtains ownership of the item.
At every rental agreement, the customer is told in writing and orally the total dollar amount and number of rental payments he or she will have made by the time ownership is an option. These consumer disclosures are mandated by 47 state rent-to-own laws.
The overwhelming majority of customers do not pursue the ownership option. Approximately 75 percent return the rented item within the first four months; fewer than 25 percent rent long enough to own the item.
If the customer returns the product during payments, the customer can re-instate his or her payment history within a specific time period governed by state law. Many rent-to-own companies offer lifetime reinstatement rights.
Because renters pay as they go, and no credit is extended, credit reports on customers are not obtained and no debt is incurred.
Previously rented items are refurbished and re-rented at reduced rates.
Rent-to-own offers a long-term ownership option for people with:
Bankruptcies and credit issues: With the recent tightening of bankruptcy laws, many consumers find their credit so damaged that options are limited. That’s not the case with rent-to-own. Because credit is not a factor when renting-to-own, many consumers turn to rent-to-own to continue to find the name-brand home furnishings they need and want. With rent-to-own prices being lowered throughout the country and the many payment options rent-to-own provides, rent-to-own is quickly becoming the option among few options for many in the marketplace.
For those who cannot afford to buy outright: A recent financial survey reported that there are more than 50 million un-banked consumers in the economy that traditional retail avoids or rejects. Rent-to-own is there to offer these consumers the option of obtaining the home furnishings they need without the obligation found in a credit agreement. With uncertain employment or fixed incomes, rent-to-own provides consumers with an option for new, brand-name merchandise with payment options to make it affordable and competitive to retail. If a consumer chooses to pay weekly payments for two years, that consumer pays much more for the merchandise than if the consumer pays monthly payments for six months—which is a payment plan much more competitive with retail.