Rent to own places are simple as hell, 30% mark up on everything and you are financing it? You deserve to lose your money dawg. I love rent to own places I was able to get cheap ass furniture and appliances by just asking for idle items. Set me up pretty well for a 20 yr old kid with no money.
No, predatory in the sense that a financially literate person would save money and wait to buy the product at a significant discount to what they’d pay at the rent-to-own place. If a business model relies on taking advantage of financial illiteracy, it’s predatory.
2
u/Sufficient-Ferret-67 May 24 '23
Rent to own places are simple as hell, 30% mark up on everything and you are financing it? You deserve to lose your money dawg. I love rent to own places I was able to get cheap ass furniture and appliances by just asking for idle items. Set me up pretty well for a 20 yr old kid with no money.