Rent-A-Center

What's going on YouTube? In today's video, we're going to go over why buying furniture and appliances from a place But in reality, you're going to pay a lot more in the long run. So we're going to do a little bit of math and go over the terms and see what you'really going to be paying for t All right, so I'm here at their website, 12 months to own. Just make your low weekly payments and own it in 12 months or less. All right, let'start with furniture deals. They even sell phones. How about that? All right, so they do have a same as cash option. So if you go in the store and you buy it with your debit card or credit card, it'd be $699, same as cash. But if you purchase it with their credit, it'd be $1,039. 48. You'd actually be paying $340. 48 interest. That's just a basic entry level sofa for $700 or $19. 99 a week, which is It's only 20 bucks a week, $80 a month, 80 times 12 is 960. $960 in a year. And you still wouldn't have t You'd probably have to make two more payments. So it would actually be 14 months, not 12 months. So let's view details here. All right, offer good w Does not include applicable taxes. Customer must also pay a processing fee of $10. Wow. So they're just nickel and diamond you right here. And the kicker on t Well, they go and pick up their furniture because you're leasing the furniture. You're not purchasing the furniture. If I can put it into different terms, if you buy somet Now you have collections hounding you, right? They're not going to go knock on your door and pick up t But if you buy with rent a center, you'renting t So if you default on t So you're going to be out the furniture and whatever money you've already paid into t All right, let's go into somet Let's look at t All right, now we're getting into somet All right, the seven piece bedroom set $2,000 same as cash price. They do have bi-weekly options, semi monthly or monthly options, total cost to own $3,198. 96. So you're paying $1,119. 96 interest for t Wow, that's crazy. I can't believe t You're not paying 20, 30% If you had a good credit card, you'd be paying maybe five, six percent, right? But understandably, those with bad credit, we're going to pay But to pay $1,000 interest, that's what I mean, that's crazy. Not to mention, when you buy this front-interest set, it's kind of The value depreciates as soon as you take it off the lot, as soon as you set it up in your house. And let'say you want to resell it for whatever reason, you bought a cash for $2,000, you want to sell it, you're lucky if you get $1,000 for it. So it just depreciated by half quick. Don't believe me, go on offer up, go on Facebook marketplace, wherever it is, see these types of products that are selling, whatever you're looking to buy, see what they're selling for used. It'so not only are you out that same as cash price, you're out another thousand. So right off the bat, you're going to be upside down $2,000 deals. All right, let'see, let'see some deals here. Look at t Never heard of t $600 for t You buy it finance through Renaissance. You're paying $1,000 for t Okay, what I'm about to say, I already know that this is only seasonal, but during Black Friday, you can get off brand TV 55 inch for I bought my TV from Best Buy to LG 75 inch for $599. The same price as t I bought it for the same price. Not to mention, if you finance t Let'see the 70 inch Samsung deal. It says here 70 inch 4k 02. Now, I wouldn't do it, but if you really need to finance somet I'd stay away from cons altogether, but if you're going to do it Just depends on when you're buying it, what specials are out there, but I've seen an 85 inch for All they even sell tools here. Okay, same as cash price. Wow $1,000 for a drill, a multi tool and an impact driver. I have almost the same drill here that I got for $100. The walk drill. I might even have it here. I actually do have the drill here. It's not because I wanted to show it to you in the video, but it was just here. I got it for $100. Right. All these tools here are $100 each if you buy them cash, but finance $1,000 or 500. That's even expensive. You buy it outright cash. Phones. Okay. Galaxy A71 $1,000 for a Galaxy A71 note 20. Curious to see how much t $2,600. You're almost getting into a hoop to use car price right here. I actually bought my son's 0405 Explorer for $1,500. It runs good. That's They even have purses here. Please don't buy a purse on credit from Rinnocenter. Please don't do it $845. So go on eBay and see how much t Hamilton large logo satchel. It ain't going to come close to $845. All right. So that's enough for the products. I'm already getting upset looking at all t Let's go ahead and see the terms. You will not own the merchandise until the total amount necessary to acquire owners You may purchase a merchandise for 50% of the remaining total costs plus applicable taxes. Choose your owners Option one, own it in 46 months. We'll give you a great discount off your product's original price as long as you complete the payments wit Option two, early purchase discount. Did you miss your same as cash deadline? Don't worry. We'll still give you a discount off your product's original price if you can complete your payments early. Option three, small fixed payments. Just make your regularly scheduled payments and you own the item at the end of your agreement. Option four, pick up where you left off. If for some reason you need to pause your payments, you can get the product back or comparable item and pick up where you left off. Basically, that fourth one means if you can't make that payment, you can go turn that item in before they have to come looking for you and collect it and you can come back later and pick up where you left off. Easy payment options, auto pay, okay, pause payments. Goes back to what I was just talking about. Life happens and we're here to help return your item at any time and we'll pause your payments at no penalty. When you'ready, get the product back or comparable item and pick up where you left off and don't lose the money you already paid. Note, we only store your payment So you need to bring your last payment receipt as proof for reinstatement. So you're going to be paying about 50% interest on somet So if you can save some money, buy it cash. Even buy it used, you're going to save a lot of money. Plus, you're not going to have that payment every month. In t But if you really need to finance, go with somewhere where the interest isn't as So I hope t If you haven't already, please consider subscribing. I want to thank all my subscribers for their continued support.