Rent to Own

I always buy things outright. I think offers like that always cost more, so its better to save up first and buy the item rather than rent it until you have paid enough to own it.

You'll end up paying more for those things in the long run than you would if you just saved up and bought them. For the dryer you could probably get it on credit from somewhere like Sears. I would talk to him about how expensive those places are in the long run and how much money you are wasting. I have never used a rent to own company but my husband and I did look into it when we moved into our apartment and decided that it just wasn't worth it.

While this can be a good temporary measure these situations cost you more money that if you saved up and bought yourself whatever appliance. Who needs a big screen television. You can totally live without a PSP. The computers wound be the smartest since our children need to know computers to be a viable part of the society now. Time to rethink this way of spending money!!

No i don't use them because they cost so much. you get a dry for $300, but by time you are finish paying it off it cost you like $800. that is just not worth it to me. i rather do lay-a-way. it may take a while to get it but you pay the store price. you miss a payment with rent to own and they come take all your stuff back and now you are out of all that money.

I don't really like the idea of renting to own. Renting anything is usually not in your best interest. It creates an expense that you have to pay off every month. You have to make payments based on the original value of the item. Electronics especially quickly depreciate so you end up paying a fortune for obsolete equipment. You're much better buying only what you need and buying it out right. If you're leasing a PSP or some kind of electronic device and you break it by accident then you're liable for the full amount. Additionally, if you decide to keep renting it to the end of the term and pay it off you usually end up paying more for the item than if you were to buy it in the first place. That's how these places make money. They rent it to you at a premium from the cost and then assume many people will not finish the term. In which case, they generate revenue and still have the item to rent to someone else. When people actually buy it, they pay more than it's worth. In the case of electronics, this is especially bad since by the end of the term the item is likely completely out of date. I think it depends on your situation, but it's important to consider the costs and what the company gets out of it.