Re: Why do people rent to own?
We have similar programs here. "Take it home today, nothing to pay until 2008 or 2009 or whenever" The interest rates are ridiculous. About 25%. But and if it is a big but you pay it all off before you need to start paying you don't get charged interest. I have bought a few things by doing this. Granted you don't get the cash discount and you have to pay a small set up fee it is still cheaper than 16% credit card interest rates. You just have to be sure that you can pay it off in fall at least a month before the interest kicks in.
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