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Are rent to own programs a good idea?

Updated: 9/20/2023
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12y ago

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Like most financial decisions, there are pros and cons associated with rent-to-own programs. On the downside, you usually pay 2-3 times more in the long run. So it is often much better to buy outright. And if you cannot, keep in mind the extra money you are spending to rent to own. It is like leasing a car then buying it.

The advantages of rent-to-own programs are immediate occupancy (if home related) and easy qualification.

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Is getting a rent-to-own home a good idea?

It is a good idea if your credit is weak and you would be unable to get a conventional mortgage to purchase a home. The plus side of rent to own is that it will allow you to build credit and equity and a part of your rent money goes towards the down paymen.


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You can check your local yellow pages or phone book for local realtors, housing authorities, or companies which specialize in rent-to-own housing. Another good resource is the real estate pages or accommodation ads in your local newspaper.


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If you're not able to qualify for a traditional loan. Purchasing a home on rent to own may be a good option.


Do I need to consult a lawyer before investing in a rent to own home?

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How can one get a rent to own some computers?

There are many ways to rent-to-own electronics, including computers. Perhaps the most common way would be through a company, such as Rent-A-Center. Some colleges also offer rent-to-own programs if you are a student there. If you can not find a suitable option for your needs, many companies offer promotional interest-free financing, which allows you to purchase the computer and pay it off incrementally.


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Where can I find a rent to own home in Georgia?

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