Rent-to-own News - Rent-to-own's Briley hosts visit with Congressman Neugebauer

U.S. Congressman Randy Neugebauer (R-Texas), a member of the House Financial Services Committee and the Financial Institutions and Consumer Credit Subcommittee, visited the new Aaron's franchise location in Abilene, Texas, owned by Robert O. Briley on November 10. Neugebauer is a co-sponsor to the industry supported federal legislation, H.R. 1767. Congressman Neugebauer was interested in learning more about leasing appliances, computers, electronics and furniture. Briley explained to Neugebauer about all of the advantages of the many options offered by the rental/lease transaction.

Briley gave an example of a customer leasing a laptop computer for $99 a month for a term of 12 months. The first option the customer has is only committing to the initial term of one month and returning it if he or she decides not to renew the agreement without penalty. Secondly, the customer has a 90-day-same-as-cash option inside the agreement. Third, the customer who returns the merchandise qualifies for the Aaron's Lifetime Reinstatement program. So, if the customer leases for five months and returns the computer, he can reinstate the agreement with a similar laptop and only pay seven more monthly payments to acquire ownership. The congressman enjoyed his visit and he was excited about his better understanding of our industry.