About Rent To Own

The rental-purchase transaction is different from a retail credit sale in the following ways. With rental-purchase there is never any interest charged to the consumer, there are never any credit checks involved, and there is no long term financial obligation, meaning the consumer can return the rented product at any time. Lebakkens provides all customers with free replacement, free delivery and free repair to defective items. Customers normally rent for either one week or one month at a time. At the end of the week or month, the customer can either terminate the rental agreement without any cost or obligation, or renew the rental agreement by making another advance weekly or monthly payment. After a specified number of payments, ownership of the rented property is conveyed over to the customer. Lebakkens provides all customers with an early purchase option. This option allows all customers the choice to buy the rented property early and save valuable income.

Facts About the Rental-Purchase Industry:

• Rent-To-Own has been an identifiable U.S. industry for close to 40 years.
• The rent-to-own industry serves an average of 3.3 million customers per year.
• There are approximately 8,000 rent-to-own stores in the U.S.