RENT-TO-OWN

RENT TO OWN OPTION

INTRODUCTION

Regardless of your current credit situation, we offer financing to fit your needs. Merchants Preferred offers a simple, straight-forward rent-to-own BIWEEKLY OR MONTHLY option for customers to acquire furniture, appliances, electronics and more. NO CREDIT IS REQUIRED!

 

WHAT IS NEEDED TO APPLY FOR A RENT-TO-OWN ACCOUNT?

  • Photo ID showing you are 18 years of age or older
  • Social Security or Taxpayer ID Number
  • A valid phone number
  • Proof of residence
  • Proof of income

WHAT IS RENT TO OWN?

Rent to Own means that you make weekly or biweekly payments for the use of the products that you have selected. You have no long-term obligation to continue leasing and can return the product to a location designated by Rent-To-Own company at any time with no further obligation other than for amounts past due.

WHAT ARE THE TERMS OF A DYNASTY RENT-TO-OWN AGREEMENT?

Auto-renewing leases are available in lengths of 12 or 18 months depending on the lease amount. You can buy the products outright at any time, and a portion of every payment goes toward reducing the buyout price.

WHAT ARE THE ADVANTAGES OF LEASE VS. A LOAN?

  • Loans generally offer lower monthly payments than leases, and leases offer flexibility.
  • With a lease you can return the products at any time, normal wear-and-tear excepted, with no further obligation other than for amounts past due.

HOW DO I MAKE PAYMENTS

The first payment is due at checkout, and subsequent monthly payments are made directly to the rent-to-own company.

DO I NEED CREDIT TO APPLY FOR A RENT-TO-OWN AGREEMENT?

No credit is required to apply for a rent-to-own agreement. You can apply if you have no credit, bad credit or a bankruptcy. “No credit required does not mean nor imply that no inquiry will be made of credit history or creditworthiness. The Rent-to-Own company may check past transactional history and report information about your lease to credit reporting agencies, but no established history is necessary.

DO I PAY SALES TAX?

Yes. The State of Mississippi charges sales tax that we must collect on each payment. Sales tax is added to all rent to own payments and buyouts.