Renting tires
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Cargo Master
Joined: Apr 2003
Posts: 3,476
Likes: 224
From: Frequently frozen MN
Renting tires
Hi,
I debated putting this in GA, but it's really a financial deal. I saw something today about people getting tires at 'rent to own' places.
They were paying $50+/month for THREE YEARS. Customers who were interviewed knew it was a bad deal, but said that it was the only way that they could manage.
I feel for those folks, but they really need to try and get their finances in order. This is a ripoff right up there with payday loans.
hj
I debated putting this in GA, but it's really a financial deal. I saw something today about people getting tires at 'rent to own' places.
They were paying $50+/month for THREE YEARS. Customers who were interviewed knew it was a bad deal, but said that it was the only way that they could manage.
I feel for those folks, but they really need to try and get their finances in order. This is a ripoff right up there with payday loans.
hj
Lead Driver
Joined: Apr 2001
Posts: 6,335
Likes: 6
From: Midwest
yeah someone on my focus forum brought this subject up. as much as I hate using a credit card (don't even own one), I would put the tires on a credit card before I "rented" them. Or find some used ones on craigslist or some place similar.
Fleet Owner
Joined: Aug 2001
Posts: 29,941
Likes: 46
From: Drummonds, TN USA
$1,800 would buy a hella set of Swampers, wouldn't it?
Prolly 44's...
If they put $50 away every month - but who does practical finance these days?
"YO! You can GITS DIS!!!"
What's funny is that it's fools and scammers scamming themselves...
Now think about all the cars in the projects with 21" rims and low sidewalls that cost more than the car. It would be less expensive to just buy a bumper sticker that clearly states: IDIOT!
"Yo man, I gots ta do dis so it looks like I have cash..."
NO! *giggles* You are doing that to show that you DON'T, and wouldn't know what to do if you did
STRANGE NEWS: Worlds Richest Panhandler
Richest panhandler: Professor Frances Gabe sets world record (Video)
Prolly 44's...
If they put $50 away every month - but who does practical finance these days?
"YO! You can GITS DIS!!!"
What's funny is that it's fools and scammers scamming themselves...
Now think about all the cars in the projects with 21" rims and low sidewalls that cost more than the car. It would be less expensive to just buy a bumper sticker that clearly states: IDIOT!
"Yo man, I gots ta do dis so it looks like I have cash..."
NO! *giggles* You are doing that to show that you DON'T, and wouldn't know what to do if you did
STRANGE NEWS: Worlds Richest Panhandler
Richest panhandler: Professor Frances Gabe sets world record (Video)
Moderator
Joined: May 2007
Posts: 158,421
Likes: 11,986
From: Greenfield, MA
This is the same thing as the rent to own places like Rent A Center and Aarons...they prey on the folks who are unable to come up with traditional means of purchasing. In their defense...a high percentage of the people fall behind and don't make payments...resulting in the merchandise being taken back. That is factored into the pricing.
Fleet Owner
Joined: Aug 2001
Posts: 29,941
Likes: 46
From: Drummonds, TN USA
BIG BIG question:
"HOW DO THEY REPO THEM?"
It seems to me they would have to take the entire vehicle, and either take the tires off - OR hold the entire car, truck, or Motorcycle for ransom until it is SOLD TO MAKE THE DIFFERENCE UP!
*all of that would be written into the original deal, in suitable lawyer language
I wonder how many car lots they now own?
They can sell 'em for whatever they want to...
What I WANT TO KNOW: Where do they hold their auctions?
THAT is where the money is to be made...
I know - it seems wicked, nasty, and downright mean. But anybody who gets suckered into that probably figures they had a way out or just didn't care.
Careless folk have to be educated somehow.
When simple information fails, real life experiences happen
"HOW DO THEY REPO THEM?"
It seems to me they would have to take the entire vehicle, and either take the tires off - OR hold the entire car, truck, or Motorcycle for ransom until it is SOLD TO MAKE THE DIFFERENCE UP!
*all of that would be written into the original deal, in suitable lawyer language
I wonder how many car lots they now own?
They can sell 'em for whatever they want to...
What I WANT TO KNOW: Where do they hold their auctions?
THAT is where the money is to be made...
I know - it seems wicked, nasty, and downright mean. But anybody who gets suckered into that probably figures they had a way out or just didn't care.
Careless folk have to be educated somehow.
When simple information fails, real life experiences happen
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