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Saturday, August 2, 2008

The Rent To Own Industry Today

The rent to own a.k.a. RTO is somewhat still new to the American economy. Customers mostly come from all walks because it is a no-obligation, no-debt transaction which is the cornerstone of rental purchase. Another vital reason is the fact that it is easy, safe and it's hassle-free due to the fact that free replacement, repair and delivery are all in one package.
Nowadays, the lease to own industry approximately serves 3 million household customers per year. Many might still be asking a question in theri minds; - what is rent to own? How basically does it work? This unique transaction started early in 1960's because of the growing demand of customers in acquiring the use of household products without going into the complex world of bad credits or long term obligations. There are no interest charges, no credit checks and customers can always have the option of returning any merchandise at anytime.
At least, RTO is somewhat a savior for those who are in tight budget. If you want to find out more about rent to own, sign up for APRO's electronic newsletter.