What is a Rent-to-Own offer?
Instead of paying for a TV, furniture, or appliance in one lump sum, Rent-to-Own stores allow people to make installment payments on the item they rent, and potentially buy these items. If you miss a payment, you could end up losing the item and all of the money you made in payments to acquire it! In Rent-to-Own offers, you will usually end up paying 2 to 5 times more than what it would cost to buy the item outright. For example: To buy a basic television, it would cost you $300. To rent the same television, it would cost you $832.
