How does rent to own work?
Can someone please school me on RTO? How does it work. Does 100% of the rental get applied to the principal? Is the rental/finance payment negotiable? Does the dealer maintain/repair the equipment during this time? Seems to me if the dealer is getting full amount rental payments then this would be a pretty safe way for them to finance equipment as a "default" would just become a very profitable rental deal for the dealer.