Comments on: Rent Rims For Cars

By: rent to own

rent to own — Sun, 15 Nov 2009 00:37:18 +0000

First rent to own cars, now rent to own rims. LOL. Well, the industry is growing and FAST. Now even Walmart is jumping into the rent to own car business. I guess this means there is $$$ to be made.

By: thumper

thumper — Thu, 15 Oct 2009 17:50:18 +0000

I dont understand why rental rims bother you.When on us 19 in Florida about every mile or less.You can rent a woman for an hour or so!!!

By: Father Sez » Archive » Links – The nation’s leader for 2049 identified - edition

Sat, 04 Apr 2009 00:34:10 +0000

[...] Dad wrote about the business of renting vehicle rims. What will people think off next? Is subprime rims going to be the next big financial mess? Or are [...]

By: fathersez

fathersez — Sun, 29 Mar 2009 01:38:04 +0000

It’s incredible that people can actually put good money to use like this. We do not even see the rims while driving. We assume others see it and would admire us for the fancy rims.

Well, the business model must be such that it is assumed that most would not make the full payments.

Like you said, now we have heard it all.

Regards

By: Link Roundup | Do You Dave Ramsey?

Link Roundup | Do You Dave Ramsey? — Sat, 21 Mar 2009 23:00:57 +0000

[...] Jason, the Frugal Dad recently posted a fantastic article entitled “Renting Rims for Cars – Now I’ve heard it all“… [...]

By: New-Dad-Blog

New-Dad-Blog — Tue, 17 Mar 2009 14:17:29 +0000

I had a “Now I’ve seen it all” moment the other day. I drove by a store called “Tobacco and Phones for Less”. . .

By: Aaron

Aaron — Mon, 16 Mar 2009 17:04:21 +0000

BRILLIANT business idea.

I’m still salty I wasn’t the person that invented spinners in the first place.

By: DavidK

DavidK — Mon, 16 Mar 2009 14:33:08 +0000

“Because people suffer from instant gratification disease.”

Ab-so-lute-ly! Nail on the head.

Renting to own is just about one of the most ridiculous things I’ve ever heard, even when I saw the TV commercials over 15 years ago. Even from just viewing the commercial, I did the math in my head in about 2 seconds and found that the renter is getting screwed. It is almost as bad as those payday loans. Patience is quickly becoming a lost human trait.

The first few times I purchased a car, I was thinking in terms of making the monthly payment. These days though, I determine if the entire financed price is worth it and then make my purchase accordingly. Especially now that these days I always pay off financed items early.

By: Andrea

Andrea — Mon, 16 Mar 2009 12:45:16 +0000

“Can you afford the payment?”

Too bad so many people buying houses in the past 5 years only asked that question instead of can I afford the house. I think it is easy(easier?) to see the usefulness of that question once you are out of debt–or on your way. When stuck in the cycle, it is nearly impossible to ask it because you don’t really want to know the answer. At least I didn’t.

By: Jason from MoneyTheory

Jason from MoneyTheory — Sun, 15 Mar 2009 21:57:09 +0000

I completely concur with the points in this article. The rental of rims example that you start out with is a great illustration of how far the sense of materialism can go. I mean, is a person going to rent them for a year, and then switch them back out to the stock ones when the rental agreement is up? Unbelievable!