Rent-to-own, also known as rental-purchase, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics and home appliances, is leased in exchange for a weekly or monthly payment, ...
Rent-to-own
A plan to buy a product with little or no down payment by renting it until the final payment is made, at which point the total paid far exceeds the product’s purchase price.
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There's an exception to this rule if generating that income is your core business; for instance, if you are a real estate developer in the business of renting or selling property, you operate a bank, or you are in the rent-to-own business.
Don't think you can borrow your way out of debt Stay away from payday loans, rent-to-own, cash advances and/or title loans. The compound interest on these debts will wind up costing you too much in the long run. Most importantly, be patient.
 See also: Lessee, Saving, Expense, Job, Forex
  
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