Archive for the ‘State RTO Associations’ Category

Rent to own options

Tuesday, March 23rd, 2010

Rent to own is not only your top option for purchasing on time without incurring debt (How? Too good to be true? See below. It is too good to be true &ellipse; nonetheless, it is true!). Rent to Own is also your premier option for acquiring top-of-the-line brand name appliances, computers, and furniture at bottom prices. Take a gander at these


Rent to Own Options in Brand Name Appliances:

  • Amana
  • Frigidaire
  • GE
  • KitchenAid
  • Maytag
  • Meridian
  • Sharp
  • Speed Queen
  • Whirpool


Rent to Own Options in Computers and Accessories:

  • Dell
  • Epson
  • Canon
  • Hewlett-Packard
  • Xerox
  • Brother
  • Lexmark
  • Twinhead


Rent to Own Options in Electronics:

 

Daewoo, Dell, Hitachi, Hoover, JVC, Kenwood, LG/Zenith, Mitsubishi, Motorola, Panasonic, Philips, Pioneer, RCA, Sanyo Fisher, Sony, Welton Techwood, Yamaha


Rent to Own Options in Gaming Systems:

  • Microsoft, Sony, Nintendo

 

Payment? The rent to own options for payment are designed exactly for you! See, with rent to own you are the boss – it is up to you to decide precisely how you will finance your rental / purchase. This is a cooperative venture between the rent to own agency, and you. A very personal matter. You are NOT acquiring debt; or going into debt; or are getting involved in an adversary relationship. You are renting the item you need; paying for it with a personalized, convenient rent to own options payment plan which you can alter as your financial circumstances change; and, perhaps, buying the item in the end. The rent to own dealer is your friend, who wants to help you. It’s a win-win proposition.


Rent to Own Options in Payment:

  • Weekly, Biweekly, Monthly payment options available
  • 90- or 180- days same as cash plans available
  • Set your own payment schedule:
    • Remember the shorter the payment period, the more money you will save
  • Payment reinstatement rights:
    • If you return the item and want it back later, you can typically reinstate your payment history right where you left off.

 

No matter what big-ticket item you or your family need right now, there are rent to own options which will let you take it home today! And save!

 

Rent to own process

Tuesday, March 23rd, 2010

Unlike conventional debt financing, the rent to own process is designed to provide you with immediate use of the big-ticket household appliances, furniture, computer, auto supplies, or electronics which you need right now, without requiring a credit check, or even a down payment. Whether you only need an item temporarily or if you want to purchase eventually but do not want to assume debt obligations, the rent to own process is designed just for you.

  1. Easy Financing: First, meet with your rent to own dealer and discuss your needs and financial situation. You will find that the rent to own process does not require you to have a credit history, since you are not borrowing money, but are only renting the items you need. At the end of the rental agreement, you own the items outright.
  2. Flexibility: The rent to own process allows you to change the terms of your agreement in response to changes in your needs or financial situation. If money gets tighter, you can easily arrange to lower payments and extend the payment period. Or, if you want to, you can purchase the item outright before the agreement terminates (and save money by doing this).
  3. Easy Termination: You are free to terminate the agreement at any time, for any reason, without incurring any penalty of any kind. You may return any item at any time, for any reason. If you later want the item back, the rent to own process allows you to pick up your payment history right where you left it off (with no penalty or extra fee required). If you want to exchange any item for another one, this is also easy to arrange just by altering the terms of your agreement (without losing your already-invested equity).
  4. Delivery to Service: The rent to own process includes delivery to your door, set-up and service for the life of the agreement.

 

Convinced? Find a rent to own store near you to get more information on your rent to options. You can be assured the members of the Association of Progressive Rental Organization are there to help you step-by-step through the rent to own process.

Rent-to-own tips for consumers in tough economic times

Monday, March 9th, 2009

 

In tough economic times, rent-to-own can be a viable means for millions of American consumers to acquire appliances, furniture, electronics and computers, according to a recent article on MSNBC.

Especially at a time when consumer credit is scarce and when existing credit lines are being cut, the rent to own transaction can be especially useful to the credit-challenged because it never incurs debt or requires a credit check. Additionally, the customer is never obligated to make the next payment and can return the product at any time for any reason.

However, the transaction may not be right for everyone and customers need to use the option to their best financial advantage. Listed below are some rent-to-own tips for consumers.

1) Shop around. The rent to own industry is very competitive and will bend over backwards to attain your business, so use this fact to your advantage.

2) Assess your payment options. Use the 90-days-same-as-cash option, if possible. If you make the payments according to contract, in 90 days you’ll have a refrigerator — or other home product — at an affordable price in the market that is significantly cheaper than paying over time with a credit card.

3) If you cannot fulfill the three-month option, choose the rent-to-own plan that’s right for you. The final price will still be less when payments are fewer. Some rent to own companies offer 180-days-same-as-cash plans.

4) Exercise the early-purchase option. The early-purchase option can reduce the total rent-to-own price by 50 percent of remaining payments.

5) It’s about flexibility, but "least/shortest" is cheapest. Choose the least number of payments over time to save considerable money. Rent-to-own stores offer the flexibility of choosing your own payment plan.

6) Ask about payment-reinstatement rights. Make sure the rent-to-own company offers a payment-reinstatement option. If you return a product for any reason then at a later date you can reinstate your previous payment history toward final ownership of the product. Most state rent-to-own laws mandate a payment-reinstatement option and some stores offer a "lifetime payment reinstatement" option.

The Association of Progressive Rental Organizations (APRO) has spent more than 25 years improving rent to own business practices to become one of the most vibrant consumer industries in America. For more information on rent to own, visit www.rtohq.org or contact APRO Public Affairs Director Richard May at 800.204.2776, ext. 104.

 

mevans@rtohq.org

State Rental Dealer Association Presidents

Sunday, January 6th, 2008

 

Alabama-Mississippi Rental Dealers Association

Shannon Strunk, president

Baber’s Inc.

2500 Amonett St.

Pascagoula, MS 39567-2422

228/312-0351

Fax 228/312-0387

shannon@babers.com

 

Alabama State Economic Impact – 182 rent-to-own stores, 1092 employees, $38,200,000 annual wages, $5,847,660 annual payroll taxes, $133,900,000 annual revenues

Mississippi State Econonic Impact – 161 rent-to-own stores, 966 employees, $33,810,000 annual wages, $5,173,000 annual payroll taxes, $118,470,000 annual revenues
 

Alaska Rental Dealers Association 

Mark Childers, president

ColorTyme

1830 E Parks Hwy., Ste. A 113 PMB 663

Wasilla, AK 99654-7374

509/758-9072

mchilders@rightnowmgmt.com

 

Alaska State Economic Impact - 9 rent-to-own stores, 54 employees, $1,890,000 annual wages, $289,170 annual payroll taxes, $6,623,000 annual revenues
  

Arizona Rental Dealers Association

See Southwest Rental Dealers Association

  

Arkansas Rental Dealers Association

Tim Daugherity, president

SKC Enterprises dba Rent One

2112 S Caraway Rd

Jonesboro, AR 72401-6201

618/242-8448

tdaugherity@shoprentone.com

www.arkansasrentaldealers.org

 

Arkansas State Economic Impact – 177 rent-to-own stores, 1062 employees, $37,170,000 annual wages, $5,700,000 annual payroll taxes, $130,244,000 annual revenues

California Association of Progressive Rental Organizations

Paul Davis, president

Nations Rent-To-Own

1091 Crestbrook Dr.

Riverside, CA 92506-5663

951/453-1625

Fax 951/776-9507

nationsrto@aol.com

www.cal-apro.com

 

California State Economic Impact - 289 rent-to-own stores, 1734 employees, $60,690,000 annual wages, $9,286,000 annual payroll taxes, $212,658,000 annual revenues
 

Colorado Rental Dealers Association

Charles Green, president

New Image Rent To Own

5620 S US Highway 85-87

Colorado Springs, CO 80911-1762

719/492-5211

Fax 719/266-0883

newimagerto@aol.com

 

Colorado State Economic Impact – 109 rent-to-own stores, 654 employees, $22,890,000 annual wages, $3,502,000 annual payroll taxes, $80,207,000 annual revenues
 

Connecticut Rental Dealers Association

See Northeast Rental Dealers Association

 

Delaware-New Jersey Rental Dealers Association

Joe Romano, president

Rent-A-Center

200 Campbell Dr., Ste. 206

Willingboro, NJ 08046-1068

609/835-0802

Fax 609/877-1023

R0047@racrd.com

 

Delaware State Economic Impact – 30 rent-to-own stores, 180 employees, $6,300,000 annual wages, $964,000 annual payroll taxes, $22,100,000 annual revenues

New Jersey State Economic Impact
- 65 rent-to-own stores, 390 employees, $13,650,000 annual wages, $2,100,000 annual payroll taxes, $47,830,000 annual revenues
 

Florida Rental Dealers Association

Chris Kale, president

Rent King

4440 E Adamo Dr., Ste. 401

Tampa, FL 33605-5931

813/241-0607

Fax 813/241-0560

FLKINGS123@aol.com

                           www.frda-rto.com

 

Florida State Economic Impact – 524 rent-to-own stores, 3144 employees, $110,000,000 annual wages, $16,836,000 annual payroll taxes, $385,580,000 annual revenues
 

Georgia Rental Dealers Association

Bruce Kemp, president

Aaron’s Sales & Lease

P.O. Box 1638

Columbus, GA 31902-1638

706/327-2567

Fax 706/327-2559

kempb@mindspring.com

 

Georgia State Economic Impact – 314 rent-to-own stores, 1884 employees, $65,940,000 annual wages, $10,100,000 annual payroll taxes, $231,000,000 annual revenues


Hawaii Rental Dealers Association

Hawaii State Economic Impact – 19 rent-to-own stores, 114 employees, $3,990,000 annual wages, $610,000 annual payroll taxes, $14,000,000 annual revenues
 

Idaho Rental Dealers Association

See Northwest Rental Dealers Association

 

Illinois Rental Dealers Association

David Keen, president

SKC Enterprises Inc.

2215 Broadway Ave.

Mt. Vernon, IL 62864

314/426-5885

Fax 314/835-1650

dkeen@shoprentone.com 

www.illinoisrentaldealers.org

 

Illinois State Economic Impact – 239 rent-to-own stores, 1434 employees, $50,190,000 annual wages, $7,680,000 annual payroll taxes, $175,866,000 annual revenues 

Rental-Purchase Dealers Association of Indiana

Dennis Adams, president

Full-O-Pep Appliances Inc.

1436 S. Liberty Dr.

Bloomington, IN 47403-5118

812/333-7496

Fax 812/331-5527

dennis@americanrentals.com

www.rpda.org

 

Indiana State Economic Impact -

255 rent-to-own stores, 1530 employees, $53,550,000 annual wages, $8,190,000 annual payroll taxes, $187,640,000 annual revenues

 

Association of Iowa Rental Dealers

Brian Luksetich, president

Super Rent Corp.

2806 Ingersoll Ave.

Des Moines, IA 50312-4013

515/244-2224

Fax 515/244-2211

bluksetich@qwest.net

 

Iowa State Economic Impact – 81 rent-to-own stores, 486 employees, $17,000,000 annual wages, $2,600,000 annual payroll taxes, $59,600,000 annual revenues

Kansas Rental Dealers Association

Shaun Rush, president

Triad Leasing LLC

PO Box 3798

Lawrence, KS 66046-0798

785/ 842-8505

Fax 785/ 749-1401

srush@sunflower.com

 

Kansas State Economic Impact - 136 rent-to-own stores, 816 employees, $28,560,000 annual wages, $4,370,000 annual payroll taxes, $100,000,000 annual revenues
 

Kentucky Rental Dealers Association

Bill Milby, president

Billy’s Hometown Sales and Lease

1206 Paris Rd

Mayfield, KY 42066-4989

502/802-5200

bill@hometownsalesandlease.com

 


Kentucky State Economic Impact
- 210 rent-to-own stores, 1260 employees, $44,100,000 annual wages, $6,747,000 annual payroll taxes, $154,527,000 annual revenues
 

Louisiana Rental Dealers Association

Louis Bacile, president

1st Choice Rental Purchase

10606 Coursey Blvd Ste B

Baton Rouge, LA 70816-4015

225/297-7500

Fax 225/297-2522

louisbacile@yahoo.com

 

Louisiana State Economic Impact - 241 rent-to-own stores, 1446 employees, $50,610,000 annual wages, $7,740,000 annual payroll taxes, $177,338,000 annual revenues
 

Maine Rental Dealers Association

Stewart Libby, president

Rentown Inc.

425 Main St.

Presque Isle, ME 04769-2651

207/764-6000

Fax 207/768-6101

rentown@mfx.net

 

Maine State Economic Impact – 47 rent-to-own stores, 282 employees, $9,870,000 annual wages, $1,510,000 annual payroll taxes, $34,585,000 annual revenues
 

Maryland Rental Dealers Association

Louis Garcia, president

Epic Ventures dba ColorTyme

616 Wyeth St.

Baltimore, MD 21230-2522

410/752-4034

Fax 410/752-4035

louis@epic.xohost.com

 

Maryland State Economic Impact - 91 rent-to-own stores, 546 employees, $19,110,000 annual wages, $2,924,000 annual payroll taxes, $66,960,000 annual revenues
 

Massachusetts Rental Dealers Association

See Northeast Rental Dealers Association

 

Michigan State Rental Dealers Association

Sidney Burton, president

Hometown Ventures

5890 S. Ridge Rd.

Sault Sainte Marie, MI 49783-9598

906/440-2333

Fax 906/642-0056

burton.hbs@gmail.com

 


Michigan State Economic Impact
– 209 rent-to-own stores, 1254 employees, $43,890,000 annual wages, $6,715,000 annual payroll taxes, $153,790,000 annual revenues
 

Minnesota Rental Dealers Association

Bob Freitag, president

T.G.I. Freitags

202 W. Bridge St.

Owatonna, MN 55060-2900

507/451-7000

Fax 507/451-7005

bob@tgifreitags.com

 

Minnesota State Economic Impact – 9 rent-to-own stores, 54 employees, $1,890,000 annual wages, $289,000 annual payroll taxes, $6,620,000 annual revenues

Mississippi Rental Dealers Association

See Alabama-Mississippi Rental Dealers Association

 

Missouri Rental Dealers Association

J.C. Cox, president

Gateway Home Furnishings

P.O. Box 527

Waynesville, MO 65583-0527

573/336-5022

Fax 573/336-5017

gatewayrto@webound.com

www.missourirentaldealers.org

 

Missouri State Economic Impact – 267 rent-to-own stores, 1602 employees, $56,000,000 annual wages, $8,578,000 annual payroll taxes, $196,470,000 annual revenues
 

Montana Rental Dealers Association

See Northwest Rental Dealers Association

 

Nebraska Rental Dealers Association

Lyn Leach, president

Ace Rent-To-Own

2440 N 9th St.

Lincoln, NE 68521-2303

402/466-5200

Fax 402/466-5214

lynleach@aol.com

 


Nebraska State Economic Impact
– 55 rent-to-own stores, 330 employees, $11,550,000 annual wages, $1,767,000 annual payroll taxes, $40,471,000 annual revenues
 

Nevada Rental Dealers Association

See Southwest Rental Dealers Association

 

New Hampshire Rental Dealers Association

Evan Macdonald, president

Rent One Plus

27 Harvey Rd., Unit 3

Bedford, NH 03110-6813

603/645-4910

Fax 603/645-5210

emacdonald@rentoneplus.org

 

New Hampshire State Economic Impact – 45 rent-to-own stores, 270 employees, $9,450,000 annual wages, $1,446,000 annual payroll taxes, $33,113,000 annual revenues
 

New Jersey Rental Dealers Association

See Delaware-New Jersey Rental Dealers Association 

 

New Mexico Rental Dealers Association

New Mexico State Economic Impact - 68 rent-to-own stores, 408 employees, $14,280,000 annual wages, $2,185,000 annual payroll taxes, $50,000,000 annual revenues
 

New York State Rental Dealers Association

David Edwards, president

SEI/Aaron’s Inc

100 Prestige Park Rd., Ste. 7-9

East Hartford, CT 06108-1920

860/290-6670

dave.edwards@aarons.com

www.nyrentaldealers.org 

 


New York State Economic Impact
– 281 rent-to-own stores, 1686 employees, $59,000,000 annual wages, $9,100,000 annual payroll taxes, $206,770,000 annual revenues

North/South Carolina Rental Dealers Association

Larry Tinney, president

Royal Crown Leasing Inc.

5408 Yadkin Rd.

Fayetteville, NC 28303-3199

910/864-5778

Fax 910/864-4790

raiking@aol.com

 


North Carolina State Economic Impact
– 323 rent-to-own stores, 1938 employees, $67,830,000 annual wages, $10,378,000 annual payroll taxes, $237,677,000 annual revenues

South Carolina State Economic Impact – 192 rent-to-own stores, 1152 employees, $40,320,000 annual wages, $6,169,000 annual payroll taxes, $141,281,000 annual revenues

North/South Dakota Rental Dealers Association

Marty Auble, president

Appliance & Furniture RentAll

P.O. Box 5103

Sioux Falls, SD 57117-5103

605/338-1800

Fax 605/338-0210

martya@rentall-inc.com

 


North Dakota State Economic Impact -
14 rent-to-own stores, 84 employees, $2,940,000 annual wages, $450,000 annual payroll taxes, $10,300,000 annual revenues

South Dakota State Economic Impact
- 19 rent-to-own stores, 114employees, $3,990,000 annual wages, $610,000 annual payroll taxes, $13,980,000 annual revenues
 

Northeast Rental Dealers Association
(representing Connecticut, Massachusetts and Rhode Island)

Mark Anderson, president

FasTrack Rent To Own

220 Allen St.

New Britain, CT 06053-3021

860/229-7368

Fax 860/223-6591

mark@fastrackrto.com

 

Connecticut State Economic Impact – 68 rent-to-own stores, 408 employees, $14,280,000 annual wages, $2,185,000 annual payroll taxes, $50,000,000 annual revenues

Massachusetts State Economic Impact
- 89 rent-to-own stores, 534 employees, $18,690,000 annual wages, $2,860,000 annual payroll taxes, $65,490,000 annual revenues

Rhode Island State Economic Impact
– 24 rent-to-own stores, 144 employees, $5,040,000 annual wages, $771,000 annual payroll taxes, $17,660,000 annual revenues
 

Northwest Rental Dealers Association
(representing Idaho, Montana, Oregon, and Washington)

Mel Bennett, president

MHB Rent To Own Inc. dba ColorTyme

102 W. Wishkah St.

Aberdeen, WA 98520-6233

360/538-1200

Fax 360/538-7017

meltyme@aol.com

 

Idaho State Economic Impact – 28 rent-to-own stores, 168 employees, $5,880,000 annual wages, $900,000 annual payroll taxes, $20,600,000 annual revenues

Montana State Economic Impact
– 16 rent-to-own stores, 96 employees, $3,360,000 annual wages, $514,000 annual payroll taxes, $11,770,000 annual revenues

Oregon State Economic Impact
– 59 rent-to-own stores, 354 employees, $12,390,000 annual wages, $1,896,000 annual payroll taxes, $43,415,000 annual revenues

Washington State Economic Impact
– 119 rent-to-own stores, 714 employees, $24,990,000 annual wages, $3,823,000 annual payroll taxes, $87,565,000 annual revenues
 

Ohio Rental Dealers Association

 Mike Tissot,  president

 Countryside Rentals Inc.

 PO Box 547

 Bainbridge, OH 45612-0547

 740/634-2666

 Fax 740/634-2667

 mtissot@r2o.com
 www.ohiorto.org

 

Ohio State Economic Impact - 388 rent-to-own stores, 2328 employees, $81,480,000 annual wages, $12,466,000 annual payroll taxes, $285,500,000 annual revenues

Oklahoma Rental Dealers Association

Chuck Haver, president

Buddy’s Home Furnishings

410 N Main St.

Miami, OK 74354-4810

918/542-8080

918/542-8096

chaver@buddyrents.com

 

Oklahoma State Economic Impact – 152 rent-to-own stores, 912 employees, $31,920,000 annual wages, $4,884,000 annual payroll taxes, $111,848,000 annual revenues 

Oregon Rental Dealers Association

See Northwest Rental Dealers Association

 

Pennsylvania Association of Rental Dealers

 

Sandi Frye, president

Premier Rental-Purchase

606 Quail Ave.

Altoona, PA 16602-3009

814/949-2300

Fax 814/949-2327

sandifrye@premierrents.com

 www.rtopa.org

 

Pennsylvania State Economic Impact - 250 rent-to-own stores, 1500 employees, $52,500,000 annual wages, $8,100,000 annual payroll taxes, $183,960,000 annual revenues

Rhode Island Rental Dealers Association

See Northeast Rental Dealers Association 

 

South Carolina Rental Dealers Association

See North/South Carolina Rental Dealers Association

 

South Dakota Rental Dealers Association

See North/South Dakota Rental Dealers Association

 

Southwest Rental Dealers Association
(representing Arizona, Nevada and Utah )

Ernie Lewallen, president

RNR Custom Wheels and Tires

4225 E. Charleston Blvd.

Las Vegas, NV 89104-2380

513/528-6929

Fax 513/528-8373

elew@isoc.net 

 


Arizona State Economic Impact
- 135 rent-to-own stores, 810 employees, $28,350,000 annual wages, $4,338,000 annual payroll taxes, $99,340,000 annual revenues

Nevada State Economic Impact
- 36 rent-to-own stores, 216 employees, $7,560,000 annual wages, $1,157,000 annual payroll taxes, $26,490,000 annual revenues

Utah State Economic Impact
- 49 rent-to-own stores, 294 employees, $10,290,000 annual wages, $1,574,000 annual payroll taxes, $36,000,000 annual revenues
 

Tennessee Rental Dealers Association

Chris Bolin, president

Bolin Rental Purchase

1757 Jardco Dr.

Clarksville, TN 37040-6773

931/906-2066

Fax 931/896-1074

bolinrto@cdelightband.net 

www.trda-rto.com

 

Tennessee State Economic Impact - 290 rent-to-own stores, 1740 employees, $60,900,000 annual wages, $9,318,000 annual payroll taxes, $213,394,000 annual revenues
 

Texas Association of Rental Agencies

Daniel Sharff, president

Home Store Rent To Own

1190 S Trade Days Blvd., Ste. 2

Canton, TX 75103-2428

903/567-6747

Fax 903/567-6658

danielsharff@aol.com

www.taraontheweb.com

 

Texas State Economic Impact – 861 rent-to-own stores, 5166 employees, $180,810,000 annual wages, $27,664,000 annual payroll taxes, $633,560,000 annual revenues
 

Utah Rental Dealers Association

See Southwest Rental Dealers Association

 

Vermont Rental Dealers Association

See New York State Rental Dealers Association

 

Virginia Rental Dealers Association

Jonathan Rose, president

R.T.O. Inc.

160 Wellman St., Ste. A

Norfolk, VA 23502-4619

757/455-2800

Fax 757/455-6563

jrose@rtobestway.com

 

Virginia State Economic Impact – 221 rent-to-own stores, 1326 employees, $46,410,000 annual wages, $7,100,000 annual payroll taxes, $162,621,000 annual revenues
 

Washington Rental Dealers Association

See Northwest Rental Dealers Association

 

West Virginia Rental Dealers Association

Mike Courts, president

Shining Star Ventures Inc., dba Aaron’s Sales and Lease Ownership

2626 5th Ave.

Huntington, WV 25702-1329

304/208-4150

Fax 304/525-0087

mike.courts@yahoo.com

 

West Virginia Rental Dealers Association – 55 rent-to-own stores, 330 employees, $11,550,000 annual wages, $1,767,000 annual payroll taxes, $40,471,000 annual revenues

Wisconsin Rental Dealers Association

Jeffrey Lebakken, president

Lebakkens Inc.

2842 Melby St.

Eau Claire, WI 54703-0562

715/831-1002

Fax 715/831-1005

corporate@lebakkensrto.com 

 

Wisconsin State Economic Impact - 34 rent-to-own stores, 204 employees, $7,140,000 annual wages, $1,092,000 annual payroll taxes, $25,019,000 annual revenues
 

Wyoming Rental Dealers Association

Wyoming State Economic Impact – 28 rent-to-own stores, 168 employees, $5,880,000 annual wages, $900,000 annual payroll taxes, $20,603,000 annual revenues

 

 

Rent-to-Own’s State Economic Impact and Statutes

Sunday, January 6th, 2008

APRO calculates the key economic indicators for each state according to APRO’s database and the annual industry survey conducted by statistical research firm Industry Insights. APRO has been the leader in defining the rent-to-own industry statistically for the past decade and continues to refine and build the rent-to-own statistical story for Wall Street, financial analysts, bankers, the media, legislators and industry newcomers.

 

APRO has compiled state-by-state RTO rules and regulations into an easy-to-reference set of charts organized by in-store price tag disclosures, rent-to-own contract disclosures, specifications on fees and payments, advertising disclosures and reinstatement rights.

 

Use this link to download a PDF of the rules and regulations charts.

 

For more information regarding rent-to-own industry statistics, contact Richard May by e-mail or call 800/204-2776, ext. 104.

 

Alabama

188 rent-to-own stores, 1128 employees, $39,480,000 annual wages, $6,040,440 annual payroll taxes, $138,338,108 annual revenues
Click here to download state RTO statutes

 

Alaska

15 rent-to-own stores, 90 employees, $3,150,000 annual wages, $481,950 annual payroll taxes, $11,037,615 annual revenues
Click here to download state RTO statutes

 

Arizona

134 rent-to-own stores, 804 employees, $28,140,000 annual wages, $4,305,420 annual payroll taxes, $98,602,694 annual revenues
Click here to download state RTO statutes

 

Arkansas
174 rent-to-own stores, 1044 employees, $36,540,000 annual wages, $5,590,620 annual payroll taxes, $128,036,334 annual revenues
Click here to download state RTO statutes

 

California

288 rent-to-own stores, 1728 employees, $60,480,000 annual wages, $9,253,440 annual payroll taxes, $211,922,208 annual revenues
Click here to download state RTO statutes

Click here to download amendments to California’s RTO statutes (amended November 2006)

 

Colorado

101 rent-to-own stores, 606 employees, $21,210,000 annual wages, $3,245,130 annual payroll taxes, $74,319,941 annual revenues
Click here to download state RTO statutes

 

Connecticut

69 rent-to-own stores, 414 employees, $14,490,000 annual wages, $2,216,970 annual payroll taxes, $50,773,029 annual revenues
Click here to download state RTO statutes

 

Delaware

31 rent-to-own stores, 186 employees, $6,510,000 annual wages, $996,030 annual payroll taxes, $22,811,071 annual revenues
Click here to download state RTO statutes

 

Florida

529 rent-to-own stores, 3174 employees, $111,090,000 annual wages, $16,996,770 annual payroll taxes, $389,259,889 annual revenues
Click here to download state RTO statutes

 

Georgia

320 rent-to-own stores, 1920 employees, $67,200,000 annual wages, $10,281,600 annual payroll taxes, $235,469,120 annual revenues
Click here to download state RTO statutes

 

Hawaii

19 rent-to-own stores, 114 employees, $3,990,000 annual wages, $610,470 annual payroll taxes, $13,980,979 annual revenues
Click here to download state RTO statutes

 

Idaho

24 rent-to-own stores, 144 employees, $5,040,000 annual wages, $771,120 annual payroll taxes, $17,660,184 annual revenues
Click here to download state RTO statutes

 

Illinois

237 rent-to-own stores, 1422 employees, $49,770,000 annual wages, $7,614,810 annual payroll taxes, $174,394,317 annual revenues
Click here to download state RTO statutes

 

Indiana

256 rent-to-own stores, 1536 employees, $53,760,000 annual wages, $8,225,280 annual payroll taxes, $188,375,296 annual revenues

Click here to download state RTO statutes

Click here to download 2007 Indiana state law amendments

 

Iowa

83 rent-to-own stores, 498 employees, $17,430,000 annual wages, $2,666,790 annual payroll taxes, $61,074,803 annual revenues
Click here to download state RTO statutes

 

Kansas

137 rent-to-own stores, 822 employees, $28,770,000 annual wages, $4,401,810 annual payroll taxes, $100,810,217 annual revenues
Click here to download state RTO statutes

 

Kentucky

215 rent-to-own stores, 1290 employees, $45,150,000 annual wages, $6,907,950 annual payroll taxes, $158,205,815 annual revenues
Click here to download state RTO statutes

 

Louisiana

238 rent-to-own stores, 1428 employees, $49,980,000 annual wages, $7,646,940 annual payroll taxes, $175,130,158 annual revenues
Click here to download state RTO statutes

 

Maine

48 rent-to-own stores, 288 employees, $10,080,000 annual wages, $1,542,240 annual payroll taxes, $35,320,368 annual revenues
Click here to download state RTO statutes

 

Maryland

102 rent-to-own stores, 612 employees, $21,420,000 annual wages, $3,277,260 annual payroll taxes, $75,055,782 annual revenues
Click here to download state RTO statutes

 

Massachusetts

84 rent-to-own stores, 504 employees, $17,640,000 annual wages, $2,698,920 annual payroll taxes, $61,810,644 annual revenues
Click here to download state RTO statutes

 

Michigan

213 rent-to-own stores, 1278 employees, $44,730,000 annual wages, $6,843,690 annual payroll taxes, $156,734,133 annual revenues
Click here to download state RTO statutes

 

Minnesota

9 rent-to-own stores, 54 employees, $1,890,000 annual wages, $289,170 annual payroll taxes, $6,622,569 annual revenues
Click here to download state RTO statutes

 

Mississippi

174 rent-to-own stores, 1044 employees, $36,540,000 annual wages, $5,590,620 annual payroll taxes, $128,036,334 annual revenues
Click here to download state RTO statutes

 

Missouri

265 rent-to-own stores, 1590 employees, $55,650,000 annual wages, $8,514,450 annual payroll taxes, $194,997,865 annual revenues
Click here to download state RTO statutes

 

Montana

16 rent-to-own stores, 96 employees, $3,360,000 annual wages, $514,080 annual payroll taxes, $11,773,456 annual revenues
Click here to download state RTO statutes

 

Nebraska

57 rent-to-own stores, 342 employees, $11,970,000 annual wages, $1,831,410 annual payroll taxes, $41,942,937 annual revenues
Click here to download state RTO statutes

 

Nevada

33 rent-to-own stores, 198 employees, $6,930,000 annual wages, $1,060,290 annual payroll taxes, $24,282,753 annual revenues
Click here to download state RTO statutes

 

New Hampshire

43 rent-to-own stores, 258 employees, $9,030,000 annual wages, $1,381,590 annual payroll taxes, $31,641,163 annual revenues
Click here to download state RTO statutes

 

New Jersey

62 rent-to-own stores, 372 employees, $13,020,000 annual wages, $1,992,060 annual payroll taxes, $45,622,142 annual revenues
There are no state RTO statutes in New Jersey.

 

New Mexico

76 rent-to-own stores, 456 employees, $15,960,000 annual wages, $2,441,880 annual payroll taxes, $55,923,916 annual revenues
Click here to download state RTO statutes

 

New York

282 rent-to-own stores, 1692 employees, $59,220,000 annual wages, $9,060,660 annual payroll taxes, $207,507,162 annual revenues
Click here to download state RTO statutes

 

North Carolina

336 rent-to-own stores, 2016 employees, $70,560,000 annual wages, $10,795,680 annual payroll taxes, $247,242,576 annual revenues
There are no state RTO statutes in North Carolina.

 

North Dakota

14 rent-to-own stores, 84 employees, $2,940,000 annual wages, $450,000 annual payroll taxes, $10,300,000 annual revenues
Click here to download state RTO statutes

 

Ohio

398 rent-to-own stores, 2388 employees, $83,580,000 annual wages, $12,787,740 annual payroll taxes, $292,864,718 annual revenues
Click here to download state RTO statutes

 

Oklahoma

156 rent-to-own stores, 936 employees, $32,760,000 annual wages, $5,012,280 annual payroll taxes, $114,791,196 annual revenues
Click here to download state RTO statutes

 

Oregon

51 rent-to-own stores, 306 employees, $10,710,000 annual wages, $1,638,630 annual payroll taxes, $37,527,891 annual revenues
Click here to download state RTO statutes

 

Pennsylvania

255 rent-to-own stores, 1530 employees, $53,550,000 annual wages, $8,193,150 annual payroll taxes, $187,639,455 annual revenues
Click here to download state RTO statutes

 

Rhode Island

23 rent-to-own stores, 138 employees, $4,830,000 annual wages, $738,990 annual payroll taxes, $16,924,343 annual revenues
Click here to download state RTO statutes

 

South Carolina

199 rent-to-own stores, 1194 employees, $41,790,000 annual wages, $6,393,870 annual payroll taxes, $146,432,359 annual revenues
Click here to download state RTO statutes

 

South Dakota

19 rent-to-own stores, 114employees, $3,990,000 annual wages, $610,000 annual payroll taxes, $13,980,000 annual revenues
Click here to download state RTO statutes

 

Tennessee

312 rent-to-own stores, 1872 employees, $65,520,000 annual wages, $10,024,560 annual payroll taxes, $229,582,392 annual revenues
Click here to download state RTO statutes

 

Texas

873 rent-to-own stores, 5238 employees, $183,330,000 annual wages, $28,049,490 annual payroll taxes, $642,389,193 annual revenues
Click here to download state RTO statutes

 

Utah

40 rent-to-own stores, 240 employees, $8,400,000 annual wages, $1,285,200 annual payroll taxes, $29,433,640 annual revenues
Click here to download state RTO statutes

 

Vermont

18 rent-to-own stores, 108employees, $3,780,000 annual wages, $578,000 annual payroll taxes, $13,245,000 annual revenues
Click here to download state RTO statutes

 

Virginia

227 rent-to-own stores, 1362 employees, $47,670,000 annual wages, $7,293,510 annual payroll taxes, $167,035,907 annual revenues
Click here to download state RTO statutes

 

Washington

118 rent-to-own stores, 708 employees, $24,780,000 annual wages, $3,791,340 annual payroll taxes, $86,829,238 annual revenues
Click here to download state RTO statutes

 

West Virginia

53 rent-to-own stores, 318 employees, $11,130,000 annual wages, $1,702,890 annual payroll taxes, $38,999,573 annual revenues
Click here to download state RTO statutes

 

Wisconsin

35 rent-to-own stores, 210 employees, $7,350,000 annual wages, $1,124,550 annual payroll taxes, $25,754,435 annual revenues
There are no state RTO statutes in Wisconsin.

 

Wyoming

27 rent-to-own stores, 162 employees, $5,670,000 annual wages, $867,510 annual payroll taxes, $19,867,707 annual revenues
Click here to download state RTO statutes

 

These numbers were calculated based on results from APRO’s 2010 Rent-to-Own Industry Statistical Survey and APRO’s database. The average store grosses $736,000 annually with 50,000 workers nationally earning an average of $35,000 a year in wages. Payroll taxes are multiplied by yearly salary to number of employees to the 15.3% percentage generated.

State Rent-to-Own Association Resources

Sunday, January 6th, 2008

State Rent-to-own Associations and Resources
The Association of Progressive Rental Organizations encourages all rental dealers to become involved in industry activity on the state level in addition to participation on the national level through APRO. State associations were crucial in developing the comprehensive network of positive state rent-to-own laws that govern how rental dealers operate their businesses.

 

Now, state associations are even more important in protecting and promoting a safe, legal environment for rent-to-own businesses to continue to thrive. Every year, more than 25 bills are introduced in state legislatures throughout the country directly affecting the rent-to-own industry and the majority of the bills are negative, requiring a strong state association to defend and educate its legislators on the benefits of rent-to-own.

 

State associations offer great opportunities to network with your neighboring rent-to-own dealers and his/her employees. Many state associations hold meetings throughout the year, addressing current RTO industry issues through valuable seminars and speakers, designed to educate both owners and employees.

 

Contact your state association president and/or check the calendar to find out if your state is holding an upcoming meeting. For more information on state associations, please contact Jeannie Hutchison at 800/204-2776, ext. 108.

 


Here are just some of the ways in which APRO can help state rental-dealer associations:

 

Start a state association APRO is happy to help you organize your state association.

 

Bookkeeping services APRO can provide state associations full bookkeeping services, including dues billings and bill payment.

 

Meeting planning APRO can help with state association meeting planning by developing brochures, finding speakers and/or setting up meetings.

 

Got news? If your state association has an upcoming event, is about to or has done something newsworthy or is planning a membership meeting, please notify APRO so that it can publish your news and information on its Web site and in the association’s magazine, RTOHQ: The Magazine.

 

For more information on any of these resources, contact Jeannie Hutchisonby email or by calling 800/204-2776, ext. 108.

 

State Association Websites:

Rent-to-own Product Manuals

Wednesday, December 26th, 2007

Here are links to rent-to-own product manuals available online from some of APRO’s vendor companies. If you are an APRO vendor and would like to make your online product manuals more accessible to your customers, please contact APRO by e-mail or by calling 800/204-2776, ext. 103, and your company’s link will be added to this page.

 

Appliances

 

Computers and computer accessories

 

Electronics

 

Gaming systems

 

Rent-to-own Reports and Studies

Wednesday, December 26th, 2007

Survey of Rent-to-Own Customers

published by the Federal Trade Commission’s Bureau of Economics

[This report is most beneficial to policy makers, news reporters, legal and legislative analysts]

 

While there has been considerable debate concerning the rent-to-own industry over the past decade or more, there has been little independent systematic examination of the typical experience of rent-to-own customers. FTC staff attempted to fill this gap by conducting a nationwide survey of rent-to-own customers. Between December 1998 and February 1999, more than 12,000 randomly selected U.S. households were surveyed, identifying more than 500 rent-to-own customers who were interviewed about their experience with rent-to-own stores. The survey is the first study on rent-to-own customers and the industry by a federal governmental body.

 

Read this report in HTML and PDF formats

 

APRO Annual Industry Statistical Survey and Trend Analysis

[This survey is most beneficial to financial analysts, investors, news reporters and new RTO business owners]

 

Every year, APRO commissions Industry Insights to conduct a benchmark study on the financial state and economic impact of the rent-to-own industry. Industry Insights has been conducting its survey since 1993 and has helped build the financial story for the rent-to-own industry for its future from its past. The survey measures the most predominant economic impact and financial figures defining rent-to-own’s economic health, such as annual revenue, number of customers, number of stores, etc. Click here to view graphs derived from the annual rent-to-own industry survey results. It is very important that all APRO members participate in the annual survey. The numbers generated from this survey have built the rent-to-own industry’s financial and economic story, thereby contributing to the industry’s financing, public offerings, media relations and governmental representation. In 2006, APRO leaders went to great lengths to streamline the survey and provide an easy way to complete the survey through an online process. The survey questions are posted online in the spring and compiled in the summer for release in the fall. The survey results are provided free to those APRO members who participate in that year’s survey. Copies can also be obtained by contacting Laurie Hill (ext. 103) or Richard May (ext. 104) at 800/204-2776. For rental dealers who do not participate in the survey, copies cost $500. The survey is available only to APRO members.

 

Rent-to-own Customer Satisfaction Report and Trend Analysis

[This analysis is most beneficial to current rent-to-own owners, advertisers and regional/store managers]

 

Every five years, APRO commissions nationally renowned market research company America’s Research Group to survey and define the customer satisfaction rate for the rent-to-own industry. The study surveys current rent-to-own customers throughout the country and defines the specific areas where rent-to-own companies can improve their business. APRO commissioned its first customer satisfaction survey in 1994. This report is available to APRO members only. Please contact Richard May by e-mail or by calling 800/204-2776, ext. 104, to obtain a copy of this report.

 

Rent-to-own Potential Customer Perception and Trend Analysis

[This analysis is most beneficial to current rent-to-own owners, advertisers and regional/store managers]

 

With rent-to-own serving only 3 million customers from the 45 million Americans fitting the economic demographic of the rent-to-own customer, industry leaders have been grappling at how to attract the potential customer to their stores and to the rent-to-own concept. In 1997, APRO turned to Trenholm Research Group to identify the major obstacles and perceptions of the rent-to-own industry with the potential customer who fit the RTO demographics but do not rent-to-own. APRO commissioned Trenholm Research Group again in 2004 to follow up the survey and provide the statistical framework on how to better market the RTO business to the customer that should be using it. This report is available to APRO members only. Please contact Richard May by e-mail or by calling 800/204-2776, ext. 104, to obtain a copy of this report.

 

Rent-to-Own Agreements: Purchases or Rentals?

By Michael H. Anderson and Raymond Jackson Published in the Journal of Applied Business Research Spring 2003

[This article is most beneficial to policy makers, news reporters, legal and legislative analysts]

 

The rent-to-own business has emerged as an important component of the retailing sector. A common perception of RTO is that it is a disguised, high-interest installment agreement as most consumers eventually acquire the contracted merchandise by making all scheduled payments. The authors of this study examine the nature of RTO agreements by using a unique data set of more than 350,000 transactions drawn from 100 RTO stores in 46 states. The main result is that RTO agreements are more frequently used for short-term needs rather than as a method of acquisition. Legislative and legal efforts to classify RTO agreements as primarily installment contracts cannot be justified by their statistically proven pattern of use in the marketplace.

 

Read this report in HTML and PDF Formats

 

A Reconsideration of Rent-to-Own

By Michael H. Anderson and Raymond Jackson Published in the Journal of Consumer Affairs Winter 2001

[This article is most beneficial to policy makers, news reporters, legal and legislative analyst]

 

University of Massachusetts finance professors Michael Anderson and Ray Jackson began their independent financial analysis and research of the rent-to-own transaction and industry after reviewing the market and realizing the that industry has been academically untapped in regards to institutional research. As a consequence, the two professors began their series of studies with the rent-to-own industry with “A Reconsideration of Rent-to-Own” that investigates the market value and customer pattern rent-to-own provides in the American economy. “A Reconsideration of Rent-to-Own” is the introductory study of a series of research models and papers Anderson, Jackson – and later Sanjiv Jaggia–are conducting regarding the rent-to-own transaction and its impact on the American economy.

 

Read this report in PDF format

 

The Rent-to-Own Industry

By Doug Schuler and Gerry Keim Published in the Cases of Business Ethics College Textbook Winter 2006

[This chapter is most beneficial to policy makers, news reporters, legal and legislative analysts]

 

The rent-to-own business faced the most pressing public relations and government relations crisis an industry can ever face. Read the dynamics of a Congress wanting an entire industry put out of business and a front page Wall Street Journal article that began the attack. What did the rent-to-own industry to successfully turn around these dire circumstances to become even more successful and accepted into the American market and society? The rent-to-own trade association, APRO, is the real-life case study for college business, political science and public relations students to study how an industry and trade association turns their most detrimental crises into a business, political and public relations success. For more information on this paper, please contact APRO Public Affairs Director, Richard May.

 

Understanding the Asset Limited Income Constrained (ALIC) Consumer

By Jim Witte and John Mittelstaedt Released at the Macro Marketing Conference, Washington, D.C. Summer 2007

[This paper is most beneficial to policy makers, news reporters, legal and legislative analysts]

 

Two Clemson University Sociology Professors are studying the newly coined Asset Limited Income Constrained (ALIC) consumer in America. The rent-to-own customer represents the newly coined demographic and the sociological reasons why ALIC consumer choose very carefully and directly the choices they make as an ALIC consumer. For more information on this paper, please contact APRO Public Affairs Director, Richard May.

 

Renting the Good Life: A Law and Economics Research Paper

By Jim Hawkins Published in the William & Mary Law Review Spring 2008

[This paper is most beneficial to policy makers, news reporters, legal and legislative analysts]

 

The rent-to-own business has been inspected by legal and legislative scholars for the past thirty years with a negative and mistaken premise. The University of Texas law student dissects the legal arguments against rent-to-own and its ramifications with public policy and the market. For more information or to view a copy, contact APRO Public Affairs Director, Richard May.

 

Rent-to-Own Organization and Company Websites

Wednesday, December 26th, 2007

APRO member rent-to-own companies abide by an APRO Code of Ethics and APRO Collection Practices to ensure the highest ethical conduct and customer satisfaction in American communities and the marketplace

For vendor information, visit APRO’s 2011 Virtual Trade Show or search APRO’s associate members
 

APRO Member Rent-to-own Company Websites

 

Rent-to-own Organization Websites

 

Rent-to-own franchise companies

Tuesday, December 18th, 2007

Here are most of the key players in the rent-to-own franchise industry. A complete profile of each company – including information on what franchisors are seeking in franchisees, as well as statistics and expected growth – is available by clicking on the company names below. 

 

 

Aaron’s logo
Aaron’s Sales and Lease Ownership

Greg Tanner

309 East Paces Ferry Rd., N.E.

Atlanta, GA 30305

678/402-3445

Fax 404/240-6584

 

 

 

 

Buddy’s Home Furnishings

Todd Homberger, president of franchising

6608 Adamo Drive

Tampa, FL 33619

813/623-5461 office

972/890-4499 cell

 

Colortyme logo

ColorTyme Rent-To-Own

Michael Landry

5000 Legacy Dr. #210

Plano, TX 75024

972/403-4905

Fax 972/403-4938

 

 

 

 

 

 

Discover Rental Purchase
Jim Steger
Vice President of Franchising
Discover Rental Purchase
9257 South Redwood Rd 6B
West Jordan, UT  84088
877/955 9694 office
801/696-5020 cell
discoverrentsfranchise.com

 

Easyhome logo

easyhome/Gates Enterprises

Bud Gates

8100 E. 22nd St. N., Building 2100-3

Wichita, KS 67226

316/685-3893

 

 

Premier Auto By Rent
Wayne Lewis
P.O. Box 244
Lightfoot, VA 23090
800/2-Premier
www.premierrents.net

Premier logo

Premier Rental-Purchase

Trooper Earle

P.O. Box 244

Lightfoot, VA 23090

800/2-Premier
www.premierrents.net
 

Premier Home logo

Premier Home Furnishings

Trooper Earle

P.O. Box 244

Lightfoot, VA 23090

800/277-3643

Fax 757/258-9262
www.premierhomefurnishings.net


 

  

 

 

RimTyme Custom Wheels & Tires
Michael Landry
5000 Legacy Dr. #210
Plano, TX 75024
972/403-4905;
fax 972/403-4938
www.rimtyme.com

 

 

Rent-n-Roll logo

Rent-n-Roll LLC, dba RNR Custom Wheels and Tires

Vincent Ficarrotta

14620 N Nebraska Ave., Ste B

Tampa, FL 33613-1420

813/977-9800, ext. 13

Fax 813/978-0584

 

 

Rent ‘N Go logo

RNG LLC, franchisor of Rent’N Go (Custom Wheels & Tires)

Patrick Terhune

5219 N. State Rd. 7

Tamarac, FL 33319

888/440-0050

 

 

Wheel Workz logo

 

Wheel Workz LLC

Tommy Crenshaw

PO Box 172172

Memphis, TN 38187-2172

800/779-3639, ext. 401