Quote:
Originally Posted by Cinisajoy
Ok how much would the payments be?
Put back that amount and in 6 months you can have a new PW.
I once told a person that if they would pay me every week what the rent to own wanted to charge them for a washer, we would buy it outright for them. We said just until it is paid for.
They said no. That would be too expensive.
Said washer new was $300. They paid $1200 to the Rent to Own for the exact same washer except it had been used and returned.
That logic confused me.
So did their it is cheaper to pay $400 a month for rent instead of $200 a year in property taxes and the occasional repair..
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I went with the payment plan on the PW3 because it was interest free. I figured why not spread it out a bit if its not costing me anything. I agree though that the rent to own stuff with high interest is crazy.