What is the diffrences in Owning/ Renting/ Rent to own contracts?
by 
HappyGoLucky
ANSWERS: 1
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Owning, you are paying a set rate to own a product (house, car, etc) and will eventually own it, based on a long term concept ownership. Renting, you are paying without interest a product that you don't plan on keeping for a long term (like leasing). Rent to own is a concept where you are paying someone for the interest rates as well as the cost, but they don't expect you to pay off the whole cost before backing out.
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