About The RTO Transaction

Rentals are normally for either one week or one month at a time.
At the end of the week or month, the customer can either terminate the agreement without any cost or obligation, or renew the contract by making another advance rental payment.
If the contract is renewed a prescribed number of times (usually a total period of 18 months) and the customer meets the terms of the rental agreement, the store conveys ownership of the item to the customer.
At the onset of the agreement, the customer is told very clearly what that prescribed number of renewals is, and the total dollar amount in rental payments he or she will have made by the time ownership is an option.
Example:
Choose your own payment plan of 12 months, 18 months or 24 months!
Here's how it works - rent a washer and dryer from Staton's and choose from the following rates:
- $99.99 / month for 12 months = $25.95 / week for 52 weeks
- $79.99 / month for 18 months = $19.99 / week for 78 weeks
- $69.99 / month for 24 months = $16.99 / week for 104 weeks
- Actual rates may vary depending on item(s) chosen