Getting a gaming console on a rent-to-own subscription can be cheaper than paying it off on a credit card

[Daniel Puchert]

When a rent-to-own PS5 or Xbox Series X could be cheaper than buying

Cash-strapped South Africans who want to get one of the latest video game consoles can consider getting a console on a rental if they cannot afford to buy one outright or don't qualify for credit.

However, although the monthly payments on a rental may not seem that high, the total cost over the duration of the agreement can be excessive — especially if you wish to convert from rental to ownership.

 

[PaulGherkin]

No it isn't
This schitt is happening because we live in a third world toilet where the currency is artifically weakened to benefit the elite knobs in power

 

[epah]

Mmmmmmmh, Not when you have a Capitec credit card with a 43% interest rate.

 

[PaulGherkin]

Mmmmmmmh, Not when you have a Capitec credit card with a 43% interest rate.

Absolutely

 

[FiestaST]

I don't advocate any of these but you do you.

 

[bixt]

"When a rent-to-own PS5 or Xbox Series X could be cheaper than buying"

When it's not Teljoy

 

[Foxhound5366]

I got my Xbox Series X on a contract from Vodacom, which included a 10GB data simcard which my son promptly swiped. When I did the comparisons, it came in way cheaper than Rentoza.

 

[boobza]

Why are cash-strapped South Africans purchasing things they can’t afford? Or is that why they’re cash-strapped in the first place.

 

[pratlou]

Why are cash-strapped South Africans purchasing things they can’t afford? Or is that why they’re cash-strapped in the first place.

I guess they're failing to understand that the reason why the can't afford the device is because they can't actually afford it.

 

[RedViking]

Don't. Rent to Own is never worth it. Save up until you have the money if you are smart. Get a loan if you are stupid. Get a contract if you are insanely stupid. Rent to Own if you are absolutely and and completely brain dead.

 

[bixt]

Don't. Rent to Own is never worth it. Save up until you have the money if you are smart. Get a loan if you are stupid. Get a contract if you are insanely stupid. Rent to Own if you are absolutely and and completely brain dead.

Depends on the persons finances:


"Save up until you have the money if you are smart." - If you have savings (many don't)

Get a loan if you are stupid. (many don't qualify)

Get a contract if you are insanely stupid. (slightly easier than a loan, and comes with minutes and GB.....)

Rent to Own if you are absolutely and completely brain dead. (ppl do this as a last resort when they cant get the above. Its effectively a loan with super high interest rates. high risk - high rate.)

If you can't afford it, rather do without it!!!!!!!!!!!

 

[EL'Diablo]

@My_King