Are you looking for cheap appliances and furniture for your home? With the growing economic problem more people are looking for ways of how to come up with extra income or save money in this time of crisis. One of the best ways of finding cheap appliances and furniture is through rent-to-own.
What are the advantages of acquiring rent-to-own appliances and furniture?
If you want to avoid debt or long term financial obligation, this is the way to do it. You do not need a credit check, just a residence and your source of income. And if you are not satisfied with the product, for whatever reasons, you can terminate the contract anytime you want. You can then continue with the agreement where you have left off with no equity loss. Another good thing about rent-to-own is that you can choose from weekly, bi-weekly and monthly payment plans this also lets you obtain famous brand names and brand new merchandise. Rent-to own stores deliver as well as set up the item at no extra cost. They even fix or provide service for the duration of the payment period and best of all; they even give you a temporary loaner if ever the item needs to be brought in for servicing.
Who often get the benefits of these rent-to-own furniture and appliances? The costumers of rent-to-own stores are, generally, working class families that are paid on a weekly basis. These costumers are on a budget and that they need these durable household goods immediately. They are also the type of people who don’t want to have long term debts. Most of them do not have the access to credits because 13% of them are under 25 years of age and 7% of them are over 55 years old. And these people usually earn less than $36,000 per year
What are the popular products that most rent-to-own buyers are looking? 40% goes to furniture, 44% electronics and appliances, 11% go to computers like rent to own laptops and 1% for jewelry. Today, there is yet another growing rent-to-own store and that is custom wheels and tires. This type of store has yearly revenue of $700,000. Operators in this business often have more drawbacks due to the higher operating cost than that of traditional rent-to-own businesses. This is because of the returned merchandise and the maintenance and replacement costs during the payment period.