primitives discuss rent-a-tires

[franksolich]

http://www.democraticunderground.com/10022973315

Oh my.

Liberal_in_LA (28,875 posts)    Sat Jun 8, 2013, 06:41 PM

new tire rental places - poor rent tires monthly for three times the value

http://www.latimes.com/business/autos/la-fi-rent-a-tire-20130609,0,1748795.story
 
When the tires on their Dodge Caravan had worn so thin that the steel belts were showing through, Don and Florence Cherry couldn't afford to buy a new set.
 
So they decided to rent instead.

The Rich Square, N.C., couple last September agreed to pay Rent-N-Roll $54.60 a month for 18 months in exchange for four basic Hankook tires. Over the life of the deal, that works out to $982, almost triple what the radials would have cost at Wal-Mart.
 
"I know you have to pay a lot more this way," said Florence Cherry, a 57-year-old nurse who drives the 15-year-old van when her husband, a Vietnam veteran, isn't using it to get to his job as a prison guard. "But we didn't really have a choice."
 
Socked by soaring tire prices and short on funds, growing numbers of Americans are renting the rubber to keep their cars rolling.
 
Rent-to-own tire shops are among the newest arrivals to a sprawling alternative financial sector focused on the nation's economic underclass. Like payday lenders, pawn shops and Buy Here Pay Here used-car lots, tire rental businesses provide ready credit to consumers who can't get a loan anywhere else. But that access doesn't come cheap.tp://www.latimes.com/business/autos/la-fi-rent-a-tire-20130609,0,1748795.story
 
High prices are driving more motorists to rent tires

Chains such as Rent-a-Wheel and Rimco are seeing business boom. Many consumers pay double or triple the cost of buying and face aggressive repossession policies.

First up, Skippy from New York City, although he lives in San Franscisco:

NYC_SKP (49,341 posts)   Sat Jun 8, 2013, 06:43 PM

1. Yes. Consistent with Rent-to-own and Paycheck Loans.

But then our government runs on the same short-term mentality much of the time.

House of Roberts (178 posts)    Sat Jun 8, 2013, 06:47 PM

2. So, when the tires get repossessed, the vehicle might be anywhere.

Then it can't be moved, without tires, gets impounded eventually, and the family can never afford to get it back.

awoke_in_2003 (18,654 posts)    Sat Jun 8, 2013, 06:51 PM

4. Usury used to be illegal...

now it is big business.

[BattleHymn]

Tires are $10 or so at the junk yards. 

People are stupid.

[Chris_]

They rent them because they come with fancy stupid wheels.  Do these DUmmies think people are only renting the tires?

[Carl]

A nurse and a prison guard (public union wage) can`t afford or don`t have managed credit to get new tires at probably a hundred or so each?
That is a special kind of stupid.

[Skul]

Strangest thing I ever heard.
Is that really done?

[franksolich]

Strangest thing I ever heard.
Is that really done?

I never heard of it myself, but it's apparently a blue city, so.....

[Ralph Wiggum]

Strangest thing I ever heard.
Is that really done?

Same thought I had too.

[I_B_Perky]

A nurse and a prison guard (public union wage) can`t afford or don`t have managed credit to get new tires at probably a hundred or so each?
That is a special kind of stupid.

That's what I thought too, Carl. Nurses make good money and assuming this lady has been a nurse for sometime, it said she was 57, she got to be making some good coin.

Strangest thing I ever heard.
Is that really done?

I ain't never heard of it... don't surprise me though. Fools and their money and all that.

I got curious and googled it. Yes there are places that rent tires. At least I'm assuming this place does cause their name is Rent a Tire.

Rent a Tire website

[jukin]

Welcome to a fundamentally changed 0bama America.

Remember when the insensitive asshole said to the person that could not afford high gas, "Maybe you should buy a new car that gets better gas mileage?"

0bama feels your pain.

[Kimberly]

The Rich Square, N.C., couple last September agreed to pay Rent-N-Roll $54.60 a month for 18 months in exchange for four basic Hankook tires. Over the life of the deal, that works out to $982, almost triple what the radials would have cost at Wal-Mart.

"I know you have to pay a lot more this way," said Florence Cherry, a 57-year-old nurse who drives the 15-year-old van when her husband, a Vietnam veteran, isn't using it to get to his job as a prison guard. "But we didn't really have a choice."

So they'll pay $54.60 for 18 months instead of saving $54.60 for 5 or 6 months and paying cash. Geniuses. 

[Linda]

I checked locally...central Florida....yep there are stores that specialize in rent to own wheels and tires.

RNR Opens New Corporate Store in Orlando, FL
http://www.wthr.com/story/22528681/rnr-opens-new-corporate-store-in-orlando-fl

[Ralph Wiggum]

Welcome to a fundamentally changed 0bama America.

Remember when the insensitive asshole said to the person that could not afford high gas, "Maybe you should buy a new car that gets better gas mileage?"

0bama feels your pain.

Or the whole "kerfuffle" about inflating your tires too.

[BattleHymn]

They rent them because they come with fancy stupid wheels.  Do these DUmmies think people are only renting the tires?

http://myrnrfranchise.com/


Look at those wheels.   

[Ralph Wiggum]

I checked locally...central Florida....yep there are stores that specialize in rent to own wheels and tires.

RNR Opens New Corporate Store in Orlando, FL
http://www.wthr.com/story/22528681/rnr-opens-new-corporate-store-in-orlando-fl

I can't find one in the limited "Nadining" I did in Central Iowa.

[IassaFTots]

Same thought I had too.

They are everywhere around here in Dallas nowadays.  

[NHSparky]

It amazes me that people would think that paying 2-3 times the going price is the only way to do something.  I don't know how many places do 90-180 days same as cash, and they're at the point they're practically giving away Walmart credit cards again.

Unless, of course, you have a 390 FICO.  Nah, that can't be it.

[Skul]

Hmmmm, I wonder if I can rent air to them?
Could be fun around election time. 

[Linda]

Hmmmm, I wonder if I can rent air to them?
Could be fun around election time. 

If you market it right, I'm sure you could.

[Skul]

If you market it right, I'm sure you could.

I did give it a thought.
Seems their brain functions are already a bit starved.
I'm bummed, my mellow is harshed.   

[JohnnyReb]

There used to be cheap recaps......but a democrat government concerned for the welfare of lawyers screwed that business up.

[GOBUCKS]

Tires aren't just used. They're used up. They're consumables.

Renting tires is like renting a sack of potatoes.

But then DUmmies who use credit cards at the grocery store are sort of doing just that.

[Aristotelian]

NYC_SKP (49,341 posts)   Sat Jun 8, 2013, 06:43 PM

1. Yes. Consistent with Rent-to-own and Paycheck Loans.

But then our government runs on the same short-term mentality much of the time.

Totally agree - glad that NYC_SKP now supports significant cuts to the unaffordable and non-essential elements of the government budget so that there is no structural deficit...somehow I'm not sure that what the DUmmy means though.

[miskie]

Wow - that's dumb - not the business owners, they are geniuses - but the rent to own people.

I never buy new tires. There is a place in the city that gets quality used tires. They install, balance, and dispose of your old tires for the cost of one new quality tire. They also guarantee them, so if it is defective they replace it free of charge.

I suspect the 'rent to own' places specialize in 'Low Profile' tires - which I think are among the stupidest things ever created.     

[obumazombie]

Truth is very often stranger than fiction.

[BattleHymn]

Truth is very often stranger than fiction.

Obumazombie, where have you been?