after taking a little out each mo. does the total of that at the end of the year go for the down payment?
2007-01-14 10:54:26 · 7 answers · asked by Anonymous in Home & Garden ➔ Decorating & Remodeling
It is a scam and is meant to take advantage of people in a position where they can't afford to buy. The interest you end up paying can equal the sticker price so be very careful and read the fine print and total cost that you will have paid out at the end of the term.
You are much better off to go used now and drop the cash in the bank - you will have your object of desire later, but only be paying (or saving) for it half the amount of time and at half the cost.
Who knows, when the cash is in your hand later, you might find some awesome cash deal you can take advantage of.
2007-01-14 13:04:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Inmost rent to own items you pay twice what it would sell for retail, just do the math. If item costs $25 a month to rent, and you own it in 3 years, item cost $900. Add intrest and whatever. Its pretty simple, just take the Rental Payment, multiply by 12, at $25 a mnth you pay $300 per year.
2007-01-14 11:08:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Rent to own works buy say..your buying a $1000 tv over a 1 year time period..You are going to pay so much each month..while you get to have that product..and once the one year is up the iteam is officially yours and you wont have to pay on it any more..Most places will charge you some kind of interest to do that...say 6% so you will end up paying $1060 in the end..Hope that helps.
~Mag48
2007-01-14 11:00:47 · answer #3 · answered by mag48 3 · 1⤊ 0⤋
If you rent to own. Ask if they have a plan to pay it off in full within 90 days. That's the best route. If not, it'll cost almost triple the money, if you go the full term.
2007-01-14 11:29:53 · answer #4 · answered by engineer46526 4 · 0⤊ 0⤋
Well . you can pay by week , month , or year . But when you rent ot own it cost more than it normally does than if you were to buy it all at once.
2007-01-14 10:59:57 · answer #5 · answered by lovehate 1 · 0⤊ 0⤋
Usually rent to own is exactly what it says but they usually tac on quite a bit extra money so you end up paying alot more than its worth., id just save up and buy it out right, its alot cheaper,ALOT
2007-01-14 11:00:33 · answer #6 · answered by troxie79 3 · 0⤊ 1⤋
you pay rent on whatever it is. Then you can return it or keep it.
2007-01-14 12:08:16 · answer #7 · answered by Anonymous · 0⤊ 0⤋