How Does Rent-to-Own Work?

Posted on Oct 28, 2019

Rent-to-own (RTO) is the practice of making payments to “rent” merchandise. RTO is also known as a rental-purchase and the money you put toward renting can accumulate toward the final purchase price. RTO stores allow you to get new furniture, appliances, electronics or other merchandise right away rather than having to wait to save up enough money to buy products outright.

You Choose a Budget-Friendly Payment Plan

Flexible cash installment plans put you in control of your rental-purchase. In RTO agreements, customers have options when it comes to making payments. The payment plans we offer include:

  • Weekly
  • Bi-weekly
  • Semi-monthly
  • Monthly

Even how you pay is up to you! You can make payments at your convenience either in-store, by phone, online at or on the Rent One Customer Portal app.

Your Credit History Doesn’t Matter

You might be thinking that you won’t be accepted for a payment plan because of your credit history, but renting-to-own is not a loan—so no credit check is conducted and everyone is pre-approved! The only things you need to provide to Rent One to begin your rental-purchase are:

  • Your home address
  • A source of income
  • Personal references (such as family members, friends and neighbors)

You Are Never Obligated To Make the Next Payment

RTO is the only transaction in the marketplace that allows you the option to continue payments or return the product without penalty or damage to your credit. When you no longer need or want to rent a product, just return it. It’s that simple!

When you return merchandise, you receive Reinstatement Rights which means you can reinstate the agreement at a later date if you want to pick back up on payments. In most cases, you will not lose any of the money you already paid toward the agreement.

You Can Purchase Your Merchandise at Any Time

If you want to buy your merchandise before the rental term is up, you can! We offer our customers an Early Buyout option at a discounted price. This means you can own your item faster AND pay less for it.

Find a Rent-to-Own Store Near You

Find your closest store location and shop our wide selection of quality, name-brand furniture, appliances, electronics and more! Contact us to learn more about RTO!

go back to blog home
Back to Top
Experience our Rent One Advantage. Click Here to Learn More
We've got a job for you. Join our Team!


Get immediate access to $10 Down + Free Delivery when you sign up to receive special offers!

By Email

By Text

    Thanks for joining. Your promocode for $10 Down is on it's way!