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Is Rent To Own Car Dealerships A Scam?

This is a question that has been asked by many people, and there is no definitive answer. There are pros and cons to renting to own cars, so it really depends on your personal situation.

Why Rent To Own Cars Is The Best Way You Can Buy A Car On A Budget?

Myth vs. Reality

There is a myth that rent to own car dealerships are always scams. However, this is not always the case. Some rent to own dealerships is legitimate businesses that offer a good deal for consumers.

Pros

There are several pros to renting to own cars from dealerships. First, you can get into a car much more quickly than if you were to buy it outright. Second, you can often get a much better car than you would be able to afford if you were to buy it outright. Third, you can build your credit rating by making timely payments on the car.

Cons

There are also several cons to renting to own cars from dealerships. First, the payments can be expensive. Second, you may not own the car at the end of the rental period. Third, you may not be able to get a car if you have bad credit.

The Bottom Line

So, is rent to own car dealerships a scam? It really depends on your personal situation. If you are able to afford the payments and you will own the car at the end of the rental period, then it is probably a good deal. However, if you cannot afford the payments or you will not own the car at the end of the rental period, then it is probably not a good deal.