The Rent-to-Own industry serves nearly five million households in North America, with over 10,000 stores and combined annual sales of over $8.5 billion. The industry’s recent growth rate has been in double digits, as more and more consumers embrace the idea of rent-to-buy rather than incur debt or jeopardize credit.
What distinguishes rent-to-own from a retail credit sale is the term "rent." There is no interest charged to consumers, no credit checks involved and customers can return the merchandise at any time for any reason without penalty. This no-obligation, no-debt feature is the cornerstone of rental-purchase. It's easy, it's safe and it's hassle-free, with free replacement, repair and delivery all included.
As with most retail businesses, continued growth and profitability for rent-to-own stores depends on generating consumer traffic and repeat business as well as effective merchandising.
Read more about the fast-growing Rent-to-Own industry at