Rent to Own
By: Addison Harris
Descripition
- It is an arrangement between consumer and seller where the consumer rents an item for a certain amount of time.
- Two advantages are that there's a flexibility in requirements and no taxes.
- A disadvantage inludes purhaps not qualifying for a loan before your option term expires.
3 Alternatives for this.
- Credit card
- Boost your credit score
- Wait for a sale
How are interest rates calculated?
It is determined by the purchase price in market.