How Rent To Own Works
Rent-To-Own is a great option. We’ve tailored our plans and terms to fit anyone’s budget. Our rent-to-own programs allow you to set a timeframe, from 24, 36, and 48 months. Once the payments are completed, you own the product!
And better yet, your credit doesn’t affect your ability to be approved. Why? Because no credit report is required for approval, no inquiry is run, because everyone is approved! All you need is a valid driver’s license and a validated physical address. **RTO is not available in all states.
Once you have picked out your trailer we are ready to process your contract!
This depends on the size and style of the building you are interested in. Generally, one month's rent and a minimal security deposit is required to get started.
There is no interest rate, so to speak. This is simply a monthly rental payment that, when completed, allows you to own the building you’ve been renting!
Yes, you will wind up paying more than the cash price of the structure. However, it does spread your payments over a period of time, which can be very helpful, and there is also a discount for paying off the trailer early.
While you are renting the trailer, you cannot make any changes to the structure. But, you can make any customizations once payments have been completed and you own the trailer!
Yes! You can put down a larger initial payment. The money will go into your reserve account, which will lower their monthly payment and be applied to the payoff whenever the customer completes their agreement.
You may complete your payments at any time during the rental period. Any time you choose to do so, you will simply pay a percentage (the percentage depends on the agreement) of what is currently owed. For example, if you’ve been renting the trailer for several months and the sum of the remaining payments is $1,000, simply pay $600 (60% of $1,000 according to your agreement) and the building is yours to keep!
Should life throw you a curveball or you simply don’t need the building, simply call us, and we will return the trailer at no further cost or obligation. Compare this to financing with a bank where you are forced to continue payments or experience foreclosure.
Payments can be made by going to hometownecapital.com and selecting “make a payment”. Payments can be made with Visa, Mastercard, American Express, or Discover. All rental payments are non-refundable.