Platinum Rental, LLC is a RTO company. We have been serving the rent-to-own needs for thousands of consumers for years. We work with manufacturers and dealers to provide options so consumers can get the product they desire.
Rent-To-Own, or RTO, is a Rental Contract that allows you to pay rent for 36, 48, or 60 months, and own the unit at the end of the contract. However, like any rental contract, you acquire no equity in the unit until the contract is completed successfully. If you return your unit, or terminate the contract in any way, there is no refund given.
Our Rent-To-Own is a Rental Contract. There is no interest rate; however, there is rent that is added in with each monthly payment.
Yes, at any time the building can be paid off “early.” A rental rate will be applied to each monthly payment while the building is being used. The remaining portion of your payment will be subtracted from the original purchase price. There is no penalty for paying off early.