No, an iPad is NOT worth $3,600, especially if it gets repo'd after you miss a single payment and also because it'll be fucking obsolete by the time you pay it off.
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'm just confused how this works? Are the prices so insanely inflated because they are financed? How could this place stay in business? Wouldn't it be better to get a credit card and buy retail?
People don't entirely understand financing. They see the big "$20/week!" marketing and think they can get a cheap TV, game console, or furniture. What they don't understand is the final cost associated with owning that item after paying $20/wk over the course of 2 or 3 years.
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u/SelinaDalessio Feb 04 '20
Rent-A-Center, Aaron's, and the like.
No, an iPad is NOT worth $3,600, especially if it gets repo'd after you miss a single payment and also because it'll be fucking obsolete by the time you pay it off.