What to Know Before Entering a Rent-to-Own ATV Agreement
Financial Implications
Financially, rent-to-own agreements can be attractive due to their lower upfront costs compared to outright purchases. However, it's essential to weigh these against the potential higher overall cost. According to industry reports, the interest rates on rent-to-own agreements can range from 15% to 40%1. Therefore, it's wise to compare these rates with traditional financing options to determine the most cost-effective solution.