rent one vs rent a center

rent one vs rent a center

Posted in the Paris Forum


Humboldt, TN

#1 Jan 31, 2013
Anyone know if rent one is better than rent a center
Public Service

Paris, TN

#2 Jan 31, 2013
No, all those rent to own places are scams that take advantage of people. Unless you like paying 2-4 times what an item costs I advise you to stay far far away from these thieves. Just Google 'rent to own scam' and you'll see what I mean, if you don't believe me. Here's a link to get you started.

4. Rent to own

About 6 million Americans pay dearly for their impatience. These people are customers of the $7 billion rent-to-own industry, which specializes in getting people to pay two to four times the retail cost for furniture, computers, appliances, electronics and even tire rims.

Many people never finish paying these inflated prices, which means they get a visit from the repo men taking the stuff back. And the truly horrible thing about rent to own is that people have plenty of alternatives to participating in this racket.

When I wrote about rent-to-own stores a few years ago, I found a Rent-a-Center in North Hollywood, Calif., offering a Klaussner couch, love seat and coffee table for $44.99 a week for 83 weeks, which worked out to about $2,000 more than the $1,657 the set would cost if you paid cash.

On Craigslist, I found a Klaussner couch selling for $200. If you put aside the $45 a week, you would have enough to buy it in less than five weeks. In all, there were 1,453 listings selling couches, 2,269 listings for sofas and 542 listings for love seats. Plenty were gently used and selling for $100 or less, sometimes a lot less.

At another Rent-a-Center, in Van Nuys, Calif., a used bunk-bed set was on offer for $22.96 a week for 65 weeks, or nearly $1,500, compared with a cash price of $663. Of course, Craigslist was littered with ads for used bunk beds for a fraction of that, and Ikea had a brand-new bunk bed set for just $149, with mattresses starting at $69. Anyone who needed bunk beds could save up by putting aside the same $23 a week the Rent-a-Center wanted and buying a set outright in about three months.

You don't have to be that savvy or thrifty a shopper to get a better deal than rent to own.
Public Service

Paris, TN

#3 Jan 31, 2013

Reason 1: These stores frequently come under fire with entities such as the Better Business Bureau and other consumer protection organizations for allegedly using deceptive sales practices, or failure to disclose interest rates. Advocacy groups that have attacked rent-to-own business have successfully won legal battles to change laws in Minnesota, New Jersey, and Wisconsin.

Reason 2: These stores are often less than forthcoming with their prices, but they are legally required to do so. In other words, if you ask, they have to tell you.

Reason 3: Interest rates of 100% and higher are often in effect when choosing the rent-to-own option. Legally speaking, there is nothing wrong with this, as the rent-to-own option is technically not a loan, but a “lease,” and the product can usually be returned at any time during the lease period.(Fees usually apply.)

In a stroke of luck, while writing this, I got a flier in the mail from the same store that I was recently watching. This particular company doesn’t seem to have a problem disclosing their “buy now” price, along with the rent-to-own price. I guess they figure that either their customers do not care about grossly overpaying for their products, or they are not smart enough to do the math and realize how much they will actually pay. We smart shoppers (yes, you are included in that “we”), are smart enough. Would you like to see some of these advertised “deals”?

40″ LCD TV
Buy it Now Price:$1,199.99
Rent-to-Own Price:$1,919.76
Interest Rate: 60%
Lowest Price Found for Same Product (new):$499.00

23 Cu. Ft. Refrigerator
Buy it Now Price:$1,499.99
Rent-to-Own Price:$2,399.76
Interest Rate: 60%
Lowest Price Found for Same Product (new):$699.00

XBox 360 Halo Bundle
Buy it Now Price:$629.99
Rent-to-Own Price:$839.88
Interest Rate: 33%
Lowest Price Found for Same Product (new):$399.00

Marble Falls, TX

#4 Jan 31, 2013
Well i dont have good credit or the cash to buy straight out. I'm smart enough to know if I finance somthing and I am considered a high risk then I will have to pay more. Thanks for your opion but would rather hear from someone who is in the same boat as me and has to go this direction.
Just me

Kingsport, TN

#5 Jan 31, 2013
I usually stick with Aaron's or rac! Both are good! And of course who wouldn't want to buy it out right sometimes you gotta do what ya gotta do!

Irving, TX

#6 Jan 31, 2013
I have to have my crack money.
ganksta lil willie

Paris, TN

#7 Jan 31, 2013
I don evn mess wit any a dem mane. they don be tryn to wurk wit no body when u go a few days pass due. I mean I kno I wuz 2 munths late on dat 82" dat barely fit in my betroom but u ain't have to repo my shizz! I wuz gon pay y'all on da 1st cuzz. I had also had dat deaf in da famly oh an some body was in da hospital sic. Day all jus hartless!

Humble, TX

#8 Feb 1, 2013
wondering wrote:
Well i dont have good credit or the cash to buy straight out. I'm smart enough to know if I finance somthing and I am considered a high risk then I will have to pay more. Thanks for your opion but would rather hear from someone who is in the same boat as me and has to go this direction.
Try Merisons. They are great people to deal with. We don't have the greatest credit either but we were still able to buy from them and pay monthly. I think they just check to see if you are emoloyed. Again, great people and very friendly.

United States

#9 Feb 1, 2013
I have had the misfortune of dealing with RAC, Aaron's, and Rent One. Of the 3 the best prices, product, and customer service has been Rent One. Aaron's is a lease to own business not a rent to own. They will come get your product and still bill you for it. Rent a center will lie to you and tell you anything to get your business. They will tell you items are new when they have tears and stains. They will up your payments and add unneccassary stuff to your contact without telling you. My dealings with Rent one has been good. Honest dealings, sympathic employees and a down to earth manager. If you need this kind of business I would recommend seeing Rent One.

Venus, TX

#10 Feb 1, 2013
I checked out rent one and aarons. I was looking at a side by side fridge and rent one is $120.00 a month and aarons is $90.00 a month. Rent a center is a joke.
The truth

Rowlett, TX

#11 Feb 2, 2013
Umm yea...I too checked prices and actually EVERYTHING is cheaper at Aarons so whoever said that Rent One has the best deal is obviously wrong.

Andrews, TX

#12 Feb 2, 2013 far better than any chain rto stores.

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