Since the discovery of fire, civilization has been looking for ways to improve their lifestyle and ‘Rent-to-Own’ is another such discovery. Rent-to-own is a rental-purchase agreement, under which tangible property is leased in exchange for a weekly or monthly payment and there is an option to purchase the property at any time during the agreement. Now-a-days people can get anything from furniture to a laptop under a rent-to-own agreement. In this post we discuss about rent to own laptops online and what is the best place for it. The rent-to-own industry has grown a lot and has over 4.5 million consumers.
Also, you can purchase best deals on the laptops for less than 500 dollars, 300 dollars. There are certain good laptops for games just under 1000 US dollars here. If you need a laptop for short term or you need it at the different location, then renting a laptop for short term will be ideal rather than buying a new laptop.
History of Rent-to-Own Transactions
A rent-to-own transaction is different from a traditional lease transaction and the concept was used in the United Kingdom and other European countries since early 1900s. Established in the UK, Lotus Radio was one of the first few retail stores offering radio equipment under rent-to-own agreements. Later the concept became famous within the United States and several retail based rent-to-own businesses were developed in the 1960s. Aaron Rents and Mr. T’s Rental are some of the famous rent-to-own businesses from the early 1960s. With the rapid growth of rent-to-own businesses, the Association of Progressive Rental Organizations (APRO) was established in 1980. Today APRO has over 350 members and represent almost 10,400 stores.
Rent to Own Laptops Online
With every new discovery and advancement in technology, the computer industry keeps evolving and our current equipment like laptops can become redundant at any time. For people who love to stay up to date and always have the latest tech, rent-to-own transactions are a blessing. Rent-to-own laptop businesses are becoming more and more popular. A simple Google search shows that there are tens of thousands of online businesses offering great deals on laptops. Rent-A-Center, Rentacomputer, Rentex and Smart Source are some of the most popular rent-to-own laptop businesses. These businesses offer some of the best deals on a variety of laptops from basic laptops to high-end gaming laptops and ship to any city.
Rent to own laptops deals are best suited for people who are not ready to buy a laptop. Some people need a laptop temporarily to get the work done, like students. Most students don’t have the budget to buy a high-end laptop, but they might need a laptop to complete some college project. Rent-to-own laptops is one of the best way for such students to get the work done. Rent-to-own laptop deals can be availed for several reasons including short term and long term projects, business or the user can just rent a laptop and buy it one day.
Advantages and Disadvantages of Rent to Own Laptop deals
Like most of the discoveries, rent-to-own laptop deals also have some advantages and disadvantages. One of the biggest advantage of such deals is that users can have access to all the latest technology at a fraction of the original price. Now-a-days businesses offering rent-to-own laptop deals don’t ask for a credit check, which makes it easier for students to avail such offers. If someone is having issues with payment, most of these businesses offer a payment freeze option giving users a break from payment. If the users want to, they can easily upgrade to a newer laptop without any problem. Such businesses offer deals from a large variety of brands and the deals can be availed online without even getting out of the house.
Nothing is perfect, since these contracts are open-source and flexible documents, there is always a room for scammers to take advantage. According to a research, consumers of such rent-to-buy deals end up paying much more than the original cost of the product. Overall, rent-to-own laptops is a great way for people to have access to the latest technology even if they don’t have the money to own it.