The rent to own industry has grown into a huge market, roughly a $6.8 billion dollar industry, that gives us the ability to rent to own nearly anything you could think of. In 2007, it was reported that over three million people used a rent-to-own service.

You may be wondering,"what is rent to own". Rent-to-own is an agreement between the supplier and the customer that they will own the product once all rent payments on it have been paid. Now of days you can rent to own anything, even a business. In 2007 it was reported that 8,500 businesses were rent to own services, and that number is expected to grow because there are more of these stores open than at any other time. These statistics show that rent to own companies are going to become more common in the future.

Rent to own furniture and rent to own appliances still dominate the R.T.O. market. Out of all the products purchased through this market, furniture and appliances make of 57% of those purchases. Appliances include things like washers, dryers, stoves, toasters, water filters, air conditioners, dehumidifiers, etc. Most of you right now reading this could use some new appliances, especially if you just got a new place. Furnishing a new place with even just appliances is expensive, but it's worth the investment. Renting to own those appliances is one way to furnish your place without making your bank account empty.