The Los Angeles Times is reporting that America's tire rental business is growing. Companies that previously specialized in rent-to-own wheels are now shifting their business to provide low-income drivers with rent-to-own tires. Customers can pay as little as $14 per month for new rubber, but may wind up paying as much as four times the retail price by the time all's said and done. While the first rent-to-own wheel and tire dealer surfaced in the mid '90s, the business has been expanding.
Everyone knows that, when buying pretty much any kind of merchandise, paying with cash is by nearly all accounts the best option. Sometimes, though, cash isn't in plentiful supply for the average American consumer, and some items need to be procured post haste. Enter the wide world of credit.