Tips on how to rent-to-own goods for your home

Retail 16 May 2019

CAPE TOWN – When it comes to buying new furniture, upgrading a television set, or even just purchasing a dishwasher to save time doing chores, today’s challenging economic environment is making it increasingly difficult for consumers to make these sorts of purchases.

According to Rami Sassen, chief executive of Teljoy, this is where the rent-to-own (RTO) model comes into its own.

Sassen said in a statement: "It does not matter if you are newlyweds starting out on your own or a family of four looking to expand your lifestyle options, keeping pace with furniture replacements, appliance repairs, and electronic upgrades has become an expensive undertaking. However, RTO is designed to alleviate the financial burden on South Africans by providing them with an affordable option to getting the household items they need.”

RTO is a monthly contract that lets people rent a range of household appliances, furniture, electronics, and even beds with the option to take ownership after a predetermined period. And because this is a month-to-month agreement, no credit is needed.

Customers can simply choose a product they like or want and upgrade, downgrade, and even cancel as their financial situation changes.

While some people might be sceptical about the RTO concept, it has been in South Africa since Teljoy launched in 1969. And over the years, the company’s product offering has expanded significantly beyond just the television set many of our parents were used to.

“Buying anything on credit has become a risky undertaking. It is well known that the country is struggling with high household debt and, once you are stuck in that trap, it is incredibly difficult to get out of it. If you run into any financial difficulties in making your monthly premiums, the impact could be a negative credit rating, legal action, and even repossession. RTO avoids all of that with a convenient solution that gives consumers complete control over their expenses,” said Sassen.

“RTO is the most affordable, hassle-free, and user-friendly way to live the lifestyle you want without having to stress about credit, repair bills, and even how to get those luxury goods delivered and set up. Our well-established brand name and experience in the market makes us the leader, giving you the peace of mind you need that this is a viable option for just about any household items you are looking for,” he said.

Supplied by: Teljoy.

Guzzle Media