A lot of people are confused by the term "Rent To Own"the following is a simple explanation of what this means and what we have to offer.
In the early 2000’s the Government allowed clients to utilise their Centrepay Benefits to rent essential household goods and appliances which was a great system. However, like all new ideas, there were flaws and over the years these have been ironed out and the system has greatly improved.
The problem now is that the Government has legislated that such terms are illegal because they indicate that a client will own the goods at the end of the rental term and therefore using those terms is just a sneaky way of selling goods. This means that rental companies cannot say to a client things like “Yes, this is a Rent to Own contract and yes at the end of this you will own the goods.” That is completely wrong and totally illegal.
The government rules state that a client renting goods does not have the right or obligation to purchase the items and the supplier cannot imply that they will own them at the end or this becomes a sales by installment agreement which is controlled by a whole other set of rules and it’s much tougher to allow clients to use this.
What Is Legal?
What is legal is a conversation along the lines of, after establishing a client cannot pay up front, to offer a rental contract where traditionally at the end of the contract a client can make an offer to purchase the goods and traditionally the value of this is minimal, often $1.00 and sometimes the goods are gifted to the client.
Why Rent Appliances With Us?
Heading why rent with us
Deductions easily set up through Centrepay or use Direct Debit
Talk to a real person to find a solution to suit your unique financial situation
Get an Appliance agreement to suit your budget
You can offer to buy the Appliance from us at any time
Access to a wide range of the latest Appliances through reputable retailers
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Easy Rent Options and Easy Payment Options offer affordable rental plans for Appliances, Australia wide.
If an item is not available on the online store, clients may click on the “Apply Here” section of the shopping website, which allows users to input their preferred item. A customer service representative from Easy Payment Options will then contact the applicant once they successfully source out the item. Simply tell us the SKU number or product code of your desired item and we will source it from our partner stores.
Here at Easy Rent Options, we have always operated with regulated payment options for household rental goods!