With a rent-to-own riding lawn mower agreement, you select the item, the payment solution company purchases the item from the merchant, and you take the item home. This is an alternative to a layaway option where you don’t have to leave the lawn mower at the store while you make rental payments over time.
Landscapers intending to use the lawn mower for business may also use their earned profits to make lease payments. Unlike standard bank loans or in-store credit, lease agreements don’t accrue interest but have regularly scheduled payments and fees. As a result, the total amount you pay for leasing an item is more than the retail cost. With rental-purchase agreements for riding lawn mowers, the lessor retains ownership until you pay for the item, plus rental fees. Additionally, accessing a lawn mower under RTO terms gives you the option to either return or own the product; those details will be outlined in your agreement.
Rent-to-own agreements don’t necessarily require perfect credit scores, which is an option for those with less-than-perfect or no credit scores.**