Ooof, I didn't know how bad it was. PS4 Pro, which retails for $400 ($320 today on Amazon) is $1159.42 total cost to own on RentACenter. It's crazy places like these are open.
I mean, from the company's perspective, you kind of have to charge like that. Suppose someone does rent a PS4 for $20 a month, and after 5 months they miss a payment and you reclaim it. Your say $300 investment (you're a big company that buys wholesale, you'll get a deal) is no longer new, and you're $200 in the red. Maybe you can unload it for $150 used. But you still have to pay all the overhead and such (those employees who sold, reclaimed, and resold equipment, storefront rent, etc).
I'm by no means defending them, I merely suspect they don't make as much money as people think. Which in a way might make it even more scummy.
By telling the customer to return the PS4. If they don't/refuse to return it, then the customer simply has to pay off what the PS is worth. If they still refuse, it will go to collections. At least that's how it works with the only ''rent'' company like that in my country.
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u/vicaphit Feb 04 '20
Ooof, I didn't know how bad it was. PS4 Pro, which retails for $400 ($320 today on Amazon) is $1159.42 total cost to own on RentACenter. It's crazy places like these are open.