SUBMITTED: Wednesday, June 08, 2005
POSTED: Wednesday, June 08, 2005
Leasing (or "rent-to-own") is the worst possible way to buy furniture or appliances. Consumers end up paying exorbitant interest rates, sometimes over 100%, for the goods. You are much better off to save your money and buy a piece at a time, even if it means sleeping on the floor.
You say that you were told you could purchase the furniture for $818 but the real price is $1,600? Have you looked at your lease documents? The price should be specified in the lease agreement.