With a price tag that can run up to thousands of dollars for only one item, it makes sense to buy a couch on a rent-to-own basis. But what is rent-to-own and how does it work? It just means that you pay a weekly or monthly rental fee until the price of the couch is fully paid.
You might think that you only have a few options when it comes to a rent-to-own couch, however, the truth of the matter is that there are actually many companies out there that offer it. This is hardly surprising when you consider that there are many people who want it instead of charging major purchases on their credit.
The good thing about it is that the companies offering rent-to-own options offer it on a high-end brand of couch like Ashley’s. So, if you are upgrading your living room or are only beginning to stuff it up, go and search the different rent-to-own companies out there.
Rent-to-own is really better than paying for a couch on an installment basis with your credit? Why? For one thing, you are not paying any interest. Of course, you can expect for the total price of a rent-to-own sofa to be higher than a couch that is paid on a cash basis. However, when you do the math, it becomes cheaper. If you pay with your credit card, you pay interest rate when you miss out on a payment.Also, the interest you pay depends on your credit score.
Speaking of credit scores, you would be glad to know that rent-to-own furniture will not reflect on your credit report in case you are unable to pay. As we said before, because there is no credit involved, it will not affect your credit score. What happens when you’re not able to afford payments anymore? The company will simply take back what you got from them.
If you search for it online on a site such as www.mulberryhillbandb.com, you will see that the companies offering furniture on a rent-to-own basis also offer appliances and electronics through the same payment scheme. This is really a good thing and it is something that you will definitely want to take advantage of.
Buying is really easy. Sometimes all you need to do is to fill up an online application form and then complete the form when claiming your item at an offline location.
As we said before, there are many companies out there that offer rent-to-own options on couches and furniture. While we have never bought anything on installment without a credit card, we are pretty sure that the stores that offer it differ in different respects. That said, make sure to check out the different stores and compare them based on the brands they offer, their price, and yes, terms and conditions.
One thing we like about rent to own is that there are no credit checks involved. So even if you have a less than stellar credit score, you can still own a high-end couch.