What does "Rent to Own" mean?
by 
mistress_9
ANSWERS: 7
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It's another way of saying "Pay Through the Nose."
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When you buy something, you pay a flat amount and then you own it. When you rent something, you pay a monthly fee, and you never own it. When you "Rent to Own", you pay a monthly fee for an extended period of time, and then you will eventually own it.
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part of your rent goestowards a down payment to own when you can get a loan on your own thats it in a nut shell
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G'day Natibbkf, Thank you for your question. It means that the consumer is renting or leasing the item but will own it at the end of the contract. I have attached sources for your reference. Regards Wikipedia Rent to Own http://en.wikipedia.org/wiki/Rent_to_own Answers.com Lease http://www.answers.com/topic/lease?cat=biz-fin
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It means someone is gonna make a lot of money. They rent you something for a few dollars a week. After a certain amount a time you own it. Only problem is you pay for so long that you could have bought 2 or 3 of the things. Best thing to do if you can't pay cash, is a 90 day or 1 year same as cash thing. You have 90 days or 1 year to pay it off before there is any interest charged.
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It's a way for people to take advantage of people that don't have a lot of $. My local newspaper did a whole special report about things like that called The High Cost of Being Poor.
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It means that you will pay at least twice of what you can pay for it if you just buy it.
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