Welcome to rent to own me.com
Welcome to Rent to Own Me.com.
What is rent-to-own? The $7-billion rent-to-own industry - or RTO - continues to improve its business, customer service and pricing becoming a viable consumer option in the American economy. The unique rent-to-own transaction sprang up in the 1970s in response to a growing consumer need for acquiring the use of household products without incurring debt or jeopardizing the familyís 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 for any reason without penalty. This no-obligation, no-debt feature is the cornerstone of rental-purchase. Itís easy, itís safe and itís hassle-free as free replacement, repair and delivery are included.
Rent-to-own industry profile
The rent-to-own industry is composed of dealers who rent furniture, electronics, major appliances, computers, wheels and tires, musical instruments, jewelry and other products with an option to buy. There are approximately 8,600 stores in all 50 states and Canada. RTO serves 4.1 million customers (households) at any given time in the year. It is estimated that the rent-to-own industry currently serves more than 6 million customers a year."Declining home prices are clearly the driving factor behind foreclosures, but the reasons and magnitude of the declines differ from state to state," said Doug Duncan, chief economist of the MBA, in a news release. read more at RTOHQ.com