How Does Rent To Own Work at Ashley Furniture

By on June 21, 2013 in Furniture
Ashley Focuses On Rent to Own Channel

Ashley Focuses On Rent to Own Channel

An alternative way for you to purchase items, such as electronics and furniture is a lease purchase agreement or a rent-to-own. You may not have the credit or money to  pay for items  in full at the time of  purchase. This type of purchase  has both good points and  bad points. While some rent-to-won contracts are monthly or bi-weekly, others may be weekly.

Application Process for Rent to Own Ashley Furniture

A rental application form  will have  to be completed at the business that is conducting the rent-to-own transactions . The application  ask for the  basic information such as name, address, phone number, and social security number. Most rent-to-own companies do  credit checks, however a reference presented by the applicant is recommended. In most cases employment information will also be  asked for when filling an application form.  Proof of residence and income such as check stub and utility bill will  also be required.

Home Store Rent To Own - Ashley Furniture

Home Store Rent To Own – Ashley Furniture

Down Payment and Delivery of Rent to Own Ashley Furniture

Once  your application has been approved , a down payment , the amount determined by the company, may be required.  It may include a waiver fee, delivery fee, or rental fee, which  cover theft of the merchandise or damage. It will set up a delivery time. When it is delivered, most rent-to-own companies will put together the  merchandise and set up  any electronics.

 How Does Rent to Own WorkPayments and Repairs of Rent to Own Ashley Furniture

The company will usually fix any merchandise that breaks through normal wear and tear, for the length of the rent-to-own contract. However, that is not  always  the case. There will be exceptions , where the renter will be responsible for the repairs.  For example, you should fix or pay, if the damage was not due to normal tear and wear or if you are behind on the rent.,The rental payments have  grace period of about 5 to 7 days. The company will make arrangements to pick up the merchandise or may try to work out a new payment plan , if you are later than that on payments.

Ashley Furniture Industries Celebrates 60th Birthday; Sees Rent to

Fees and Cost of Rent to Own Ashley Furniture

Rent-to-own transactions are usually more expensive than buying merchandise outright.  This is because the waiver fees, which are finance fees or service fees  are tacked on to the payments. To calculate these, you should add 10 percent of the payment price. Sales tax is commonly charged on the purchase on top of that. Because of this, rather than spending money on the rent-to-own contract, saving up for the item may be a better solution for some people, if you do not need an item right away. However, a rent-to-own purchase may be the best option, if  there is an essential item than you need and you do not have the money.

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