Is "rent to own" furniture a good investment?

Answer by  johnresa (2455)

No. Rent to own furniture is not a good investment at all. People are fooled into believing that because the monthly payments are so low they are getting a bargain. The truth is you end up paying many times more for the product by the time you finish making all the payments.

Answer by  nursepractitionerlisa (793)

Absolutely not. The interest rate is phenomenal. Calculate the price they are quoting you of the piece. If it is $50 a month for 100 months, that is actually 10 years, and $5000. What sofa is worth that? It will need a replacement by then and resale value will be minimal. Look for good used furniture!

Answer by  HawaiianGirl (6906)

No, rent to own is never a good option. In the long run you will end up paying a lot more for the furniture than you would have if you just bought it outright from a furniture store.

Answer by  Valentine62 (2131)

The furniture will come with a low monthly payment, but it will take you twice as long to own it and by that time, it might need replacing.

Answer by  bean11 (2803)

Rent to own furniture is such a long process that it is usually a better idea to simply shop discount stores, unfinished wood stores, and garage sales for deals.

Answer by  banana22 (15)

I don't beleive rent to own furniture is a good investment for my situation as in the long run it is probably more expensive

Answer by  Roland27 (16334)

Not really. If you want to buy furniture just save up the full amount and buy it flat out. You often get charged extra if you rent to own.