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What is Rent To Own?
Rent To Own can apply to many products and industries, but is very common with portable storage buildings. Rent To Own is simply a rental agreement where you have the option to buy before the lease expires. It is a different payment option. There are a number of variables to take into account when it comes to rent to own programs, so make sure to carefully consider your circumstances before choosing your best purchasing option.
Why Choose Rent To Own?
Give it a test drive!
If you are unsure if you want to purchase something, like a storage building, then a rent to own program is a good way to test it out and see if it is going to be a good fit for you in the long run. This eliminates the burden of a loan because you can return the storage building back to the dealer. Test driving your storage building can prevent buyer’s remorse and gives you the option of trying out multiple buildings to find the best fit.
Ownership
With a rent to own contract, you have a feeling of ownership. You have the right, but are not obligated, to purchase the building. Since you know that you may own this in the near future, you take better care of the storage building, which is beneficial for both you and Solomon Buildings. Everyone is happy because the building maintains its quality, and you can opt to purchase the building completely or have it returned after it’s used.
Credit Issues
If you have had problems with your credit in the past, you may not qualify for a loan and rent to own may be a better purchasing option. Rent to own programs tend to have more flexible qualifying requirements.