Rent to Own Furniture Offers May Cost More - Save a Buck - AARP Bu...

Rent-to-Own and Pay More

Lower weekly payments don' t pay off in the long run

Photo by Alamy Save up to buy the piece of furniture you want — avoid renting. Need a sofa? Think twice about "rent-to-own" offers. Consumer Reports determined that after you make the required rental payments, you can end up paying two to three times the purchase price. For instance, a washing machine and dryer retailing for $966 would cost nearly $2,699 after 135 weekly payments. Miss a payment and you could lose what you've invested. However hard it may be, it's enough to buy the sofa. You may also like:
Joan Rattner Heilman writes about health and consumer issues.

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