If you’re strapped for cash and are in dire need of new tires, then you could always opt for the RTO option to get yourself a new set of tires.
Everybody knows how important it is to have your wheels and tires in tip-top shape. Sharp tires not only look good on your car but are also necessary for safety. Take, for instance, a recent report claiming that almost 740 motor vehicle accidents in 2017 were tire-related. You’re better off driving safely, and looking good while you’re at it. What’s more, old, worn-out tires are super slippery and make driving for even short distances difficult and tiresome.
With that being said, tires are costly, and finding cheap tires that are functional and reliable is easier said than done. There is, however, one way around the problem of finding cheap tire; getting them through the RTO option.
This post will discuss what the RTO option is and why you should opt for the RTO option when you want a new set of wheels and tires.
What is RTO?
RTO stands for Rent-to-own, which is a purchasing model with diverse applications in many businesses apart from tires. In an RTO purchase, the client and the seller enter a binding contract with an agreed date of purchase after a stipulated period.
Depending on the terms of the agreement, you can be obligated or not obligated to buy the product at the date of agreed purchase. Meanwhile, you’ll have to pay a small percentage of the total cost of the item, which again can either go partly or fully to the final purchase of the product as stated in the contract. The buyer is then required to make regular payments (termed as rent) that goes towards the final purchase price until the full amount is met. After the sellers complete the full payment, they get to own the product, hence the name rent-to-own
Why Should You Consider The RTO Option?
The RTO option always works when you are short of cash and need tires immediately. Here are some reasons why RTO for wheels and tires could work for you.
1. They are Sometimes Necessary
While it’s true that the country has seen a steady rise in its economy after the 2008 market crash, many folks are still in the financial doldrums. So when you need new tires for your safety, smoother rides and because the law asks of it, you are left with little or no choice but to settle for the RTO options to get yourself some new wheels and tires.
2. It is Convenient
Most people dream of custom wheels, new rims or fresh tires but don’t have the cash for them, or at least not yet. With rent-to-own businesses, you get all these parts and extras for a price that matches your budget. You’ll always immediately get approved because RTO firms don’t need a background check on your credit. All you need is a valid driver’s license, your social security number, your car’s registration details, a utility bill, and a current paycheck, and you’re good to go.
3. Little to No Interest
Unlike leases and loans, RTOs have little or no interest on the wheels and tires purchases. Furthermore, all or most of the upfront cash payment at the start of the RTO agreement goes towards the purchase of the tires. Eventually, you get the tires you wanted at the same price with little or no extra cost.
4. Available Almost Everywhere
RTO firms are available across the country and offer flexible payment options so you can focus more on driving instead of stressing on payments.
It makes total sense to consider purchasing tires using the RTO option, especially when you’re low on cash. Before settling on an RTO company, always check for online reviews and have all the necessary information ready, so that process goes smoothly.