The Cost of Rent To Own

Rent to Own is designed for those who DO NOT qualify for/ Or Do Not wish to use conventional Financing!

With most Rent To Own options, NO CREDIT CHECK is required to purchase! Most require a Security Deposit and Minimal Information such as References, Landlord info, Income verification and 2 Forms of Identification.

With that said, You will pay for this option at a much higher rate than conventional Financing! Most rates are around 40% to 60% depending on the number on months you wish to pay. For example Most 48 Month RTO contracts compute the rate at around 50%. At 50% you will , at the end of the 48 month contract, wind up paying Double the CASH Price, Minus Tax, of the Building in which you wish to purchase. Some will let you PAY OFF the contract early, usually after the first payment is made at a rate of 50% ( on a 48 month contract) of your remaining payments added up at that time. For example……. At the time you wish to pay off the contract, Simply add up your remaining payments… If your payment is $125.00 a month, and you have 36 months left on your contract, take $125.00 x 36 months = $4500.00 devided by 2 (50%) and your Pay OFF is $2250.00 not including any late fees or reinstatement fees that may have accrued during the first full year. Paying OFF your Rent To Own contract Early is a Great way to save A Lot of money!! Plus you will get your security deposit back!

Premier Portable Buildings and Eagle Carports Both offer Early Payoff Options!