Buy or rent

I have never understood why people rent furniture and appliences a house or a car maybe but by the time you pay it off considering intrestr and late fees you end up pay tywice as much as you would have if you had just payed in full in the first palce.

I dont understand this also.We never rent something,instead we buy it right away so that way we own it and can do what we want with it,no interest,no payments.When we have the cash we buy it outright then and there and its finished. Peanutjar:)

Yes... it is a crazy thing to do... but people do it because it seem so easy to get what you want instantly with no money down. I have been guilty of it myself in the eighties. I wanted a video recorder and they were costing a thousand dollars in those days... which was a lot of money in the eighties... that was like 12 weeks of rent for a 2 bedroom flat. So I rented one from Rentlo. By the time I bought it from them 3 years later... it had costed me $2000. We live and learn... I guess.

I do agree with you on the refrigerator deal but I can come up with 2 good reasons for it... #1-The people don't qualify for the store credit line and don't have $500 cash but can afford a $12 a week "payment" even if it will cost more if they keep the refrigerator long term...they may just need it for a couple years until they can save up to buy their own. #2 They realize that new appliances are disposable these days and figuring depreciation on a used appliance realize that they can pay the $12 a week and have a brand new model refrigerator every year and not have maintenance costs rather than purchasing one and having to keep it until it breaks and pay for maintenance in the mean time.

I haven't ever rented to own,but I have thought about before. We need a new couch and refrigerator. We might try renting from Aarons. We dont have the credit to buy somewhere else right now.

Some people do not have good enough credit to get no interest financing from the stores. I rented to own a washer and dryer set when a few years ago. What I had to pay for renting it was less than it would cost to go to the laundry mat every week. I ended up paying more for it that way, but at the time my credit was horrible and I would not have gotten interest free financing at one of the other places.