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Why Rent to Own Doesn't Exist in Texas

by Tim Harrison 12 months ago

Introduction: For potential buyers in the market for major purchases like an RV, understanding the nuances of different financing options is crucial. The terms "rent to own" and "in-house financing" are often discussed, but they differ significantly in practice. This blog aims to clarify these options, helping you make an informed decision.

Understanding Rent to Own: Rent to own is a popular option in many states. Under this arrangement, you essentially rent an item with the option to buy it at the end of the rental term. Here's what you need to know:

  • Dual Pricing Structure: Rent to own typically features two prices: a higher total cost for the rent-to-own path and a lower cost for outright purchase.
  • Ownership at the End: You don't own the item until you've completed all the payments. This could mean a long wait before it's truly yours.
  • Flexibility: It offers flexibility for those who can't afford outright purchase but can lead to higher overall costs.

In-House Financing in Texas: In Texas, the landscape shifts. In-house financing, especially at places like RV Depot, is tailored to offer a more equitable solution.

  • Uniform Pricing: Whether you buy outright or finance, the price remains the same. This transparency ensures fairness for all customers.
  • Immediate Ownership: Unlike rent to own, with in-house financing, you own the item from day one. This means you enjoy all the benefits of ownership while paying over time.
  • Custom Financing Solutions: In-house financing often comes with customized payment plans, suited to your financial situation.

Comparing the Two:

When deciding between rent to own and in-house financing, consider the following:

  1. Total Cost: Rent to own can end up costing more overall due to the higher rent-to-own pricing.
  2. Ownership Timeline: If immediate ownership is important to you, in-house financing is the better option.
  3. Flexibility vs. Equity: Rent to own offers payment flexibility but delays ownership. In-house financing strikes a balance, offering immediate ownership with payment flexibility.

Why Choose RV Depot's In-House Financing: At RV Depot, we believe in making ownership accessible and fair:

  • Transparent Pricing: Our prices are the same, regardless of your payment method.
  • Immediate Benefits: Drive away with your RV knowing it's yours from the start.
  • Tailored Payment Plans: We understand that everyone's financial situation is different and offer customized financing solutions.

Shop our inventory or Apply now!

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