Rent A Wheel

Location
NY
Anybody ever heard of rent a wheel? I was surfing online and noticed that these guys are renting wheels with a weekly payment and an option to buy or switch them up after a while. Im thinking theres gotta be a catch somewhere
 
Rent to own is rarely a sound financial move...then again...neither is half the mods I choose to do. :tongue (2):

I was actually debating this idea with a friend the other day. Seems like a doable business plan in theory, but the logistics would sink it.
 
My brother used this actually recently. They give you a per week price for renting. But they also give you a 90 day same as cash purchase price. From what my brother told me, with wheels, tires, mount, balance, the 90 day purchase price was a really good deal. So that's why he went there. Just make sure you pay it off in 90 days otherwise you're screwed.
 
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Yeah they probably hit you with an astronomical interest rate after that. Im curious though as to how it works when people keep trading them in and getting new ones
 
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