Tuesday, May 21, 2013

Someone Who Counts His Pennies Would Be Well Advised to Avoid Rent to Own

Rent-A-Center official calls Glenn Grothman 'elitist'. (Milwaukee Journal Sentinel, 5/20/2013)

A quote from the article.

Read your own fine print, Xavier!

* LG 60" Plasma HDTV (model 60PA5500) at $29.99 per week for 104 weeks, Total of All Payments: $3,118.96; GA/PA - Cost of Lease Services: $1,247.58; WV- Retail/Cash Price: $1,339.00, Rent-to-Own Charge: $1,779.96. HP 15.6" Laptop (model 2000-2B16NR) at $22.99 per week for 65 weeks, Total of All Payments: $1,494.35; GA/PA - Cost of Lease Services: $597.74; CA - $22.99 per week for 61 weeks, Total of All Payments: $1,402.39; WV- $22.99 per week for 61 weeks, Total of All Payments: $1,402.39, Retail/Cash Price: $589.00, Rent-to-Own Charge: $813.39. Ashley Sofa and Loveseat (model 1420038/35) at $18.99 per week for 91 weeks, Total of All Payments: $1,728.09; GA/PA - Cost of Lease Services: $743.08; HI - $18.99 per week for 89 weeks, Total of All Payments: $1,690.11; WV- $18.99 per week for 89 weeks, Total of All Payments: $1,690.11, Retail/Cash price: $709.00, Rent-to-Own Charge: $981.11. Vizio 70" LED Smart HDTV (model E701i-A3) at $39.99 per week for 130 weeks, Total of All Payments: $5,198.70; GA/PA- Cost of Lease Services: $2,079.48; WV- Retail/Cash Price: $2,569.00, Rent-to-Own Charge: $2,629.70. Offer good while supplies last and cannot be combined with any other promotion. The "Total of All Payments" does not include applicable sales taxes or optional fees and other charges (such as late charges) that you may incur. Advertised rental rates and terms are for new merchandise. Prices not valid outside U.S. Advertised rates valid 5/23/13-5/25/13.

Although a column graph tells a more compelling story.
 


I'd say that's a fair assessment.

Related post:
Pigs Fly: Glenn Grothman Expresses Concern for Wisconsin's Most Vulnerable Citizens.  (4/27/2013)

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