Rent To Own Tires - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


Insert BS here A place to discuss anything you want

Reply
 
 
 
LinkBack Thread Tools Search this Thread
Old 06-21-2013, 11:26 AM   #1
Boost Czar
Thread Starter
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default Rent To Own Tires

LAT: High prices are driving more motorists to rent tires

Quote:
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.

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.

Customers pay huge premiums for their tires, sometimes four times above retail. Those who miss payments may find their car on cinder blocks, stripped of their tires by dealers who aggressively repossess. Tire rental contracts are so ironclad that even a bankruptcy filing can't make them go away.


This is why used tire places exist...silly fools.
Braineack is offline   Reply With Quote
Old 06-21-2013, 11:28 AM   #2
Elite Member
iTrader: (12)
 
Join Date: Sep 2007
Location: Charlotte, NC
Posts: 6,868
Total Cats: 66
Default

Now I know what I need to do....
Doppelgänger is offline   Reply With Quote
Old 06-21-2013, 11:29 AM   #3
Slowest Progress Ever
iTrader: (26)
 
thirdgen's Avatar
 
Join Date: Oct 2007
Location: The coal ridden hills of Pennsylvania
Posts: 5,808
Total Cats: 183
Default

You have got to be kidding...
What kind of dumbass rents tires?
thirdgen is offline   Reply With Quote
Old 06-21-2013, 11:30 AM   #4
Elite Member
iTrader: (2)
 
miata2fast's Avatar
 
Join Date: Aug 2009
Location: Dover, FL
Posts: 2,896
Total Cats: 109
Default

Best thread ever.
miata2fast is offline   Reply With Quote
Old 06-21-2013, 11:30 AM   #5
Slowest Progress Ever
iTrader: (26)
 
thirdgen's Avatar
 
Join Date: Oct 2007
Location: The coal ridden hills of Pennsylvania
Posts: 5,808
Total Cats: 183
Default

Quote:
Originally Posted by Doppelgänger View Post
Now I know what I need to do....
I know what you're thinking...I'm thinking the exact same thing. Partners?
thirdgen is offline   Reply With Quote
Old 06-21-2013, 11:30 AM   #6
Boost Czar
Thread Starter
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

Quote:
Originally Posted by thirdgen View Post
You have got to be kidding...
What kind of dumbass rents tires?
The kinda of dumbass that lives in a small town in PA and doesn't know how to budget and has no credit because of poor life choices, like renting tires...

Braineack is offline   Reply With Quote
Old 06-21-2013, 11:34 AM   #7
Elite Member
iTrader: (2)
 
miata2fast's Avatar
 
Join Date: Aug 2009
Location: Dover, FL
Posts: 2,896
Total Cats: 109
Default

Quote:
Originally Posted by thirdgen View Post
I know what you're thinking...I'm thinking the exact same thing. Partners?
I need in on this action.
miata2fast is offline   Reply With Quote
Old 06-21-2013, 11:34 AM   #8
Murderator
iTrader: (76)
 
18psi's Avatar
 
Join Date: Apr 2008
Posts: 36,192
Total Cats: 2,583
Default

Quote:
Originally Posted by Braineack View Post
The kinda of dumbass that lives in a small town in PA and doesn't know how to budget and has no credit because of poor life choices, like renting tires...

You just summarized 99% of 'Muricah
18psi is offline   Reply With Quote
Old 06-21-2013, 11:35 AM   #9
Slowest Progress Ever
iTrader: (26)
 
thirdgen's Avatar
 
Join Date: Oct 2007
Location: The coal ridden hills of Pennsylvania
Posts: 5,808
Total Cats: 183
Default

Quote:
Originally Posted by Braineack View Post
The kinda of dumbass that lives in a small town in PA and doesn't know how to budget and has no credit because of poor life choices, like renting tires...

Why PA? Could also be VA...
Since it's PA, I'm sure my business would thrive, so I guess I'm in the right place.
thirdgen is offline   Reply With Quote
Old 06-21-2013, 11:44 AM   #10
Senior Member
iTrader: (2)
 
Join Date: May 2010
Location: Beckley, WV
Posts: 868
Total Cats: 36
Default

No different than the RTO furniture and computer places. People pay 4-5x the cost of the furniture or electronics. Had a friend who was a manager at one of these places, he had people with $3k-4k/month payments with them. They would walk in and just rent the entire houses furniture.

This is what happens when you have uneducated people with high income.

Kind of like these guys
Attached Thumbnails
Rent To Own Tires-u0psj.jpg  
Tekel is offline   Reply With Quote
Old 06-21-2013, 11:44 AM   #11
Elite Member
iTrader: (2)
 
Join Date: Aug 2012
Location: Indianapolis
Posts: 3,325
Total Cats: 235
Default

Also the kind that spend all their money on some sweet RIMZ and doesn't realize their 30" no-sidewall tires cost more to replace than the ramz themselves.
thenuge26 is offline   Reply With Quote
Old 06-21-2013, 12:13 PM   #12
Elite Member
iTrader: (8)
 
Ryan_G's Avatar
 
Join Date: Jan 2012
Location: Tampa, Florida
Posts: 2,579
Total Cats: 155
Default

Rent N' Roll has a huge presence in Pinellas County. They are almost exclusively in St. Pete though.... guess what demographic resides in St. Petersburg Florida. It is actually quite funny to see someone who had rented 24" rims for his camry and then either got them repo'ed or realized what new tires would cost and is now driving around a lifted camry with 14" steelies. The ignorance on how credit and banks work is absolutely phenomenal. The best behavior takes place around tax return time.
Ryan_G is offline   Reply With Quote
Old 06-21-2013, 12:24 PM   #13
Elite Member
iTrader: (12)
 
Join Date: Sep 2007
Location: Charlotte, NC
Posts: 6,868
Total Cats: 66
Default

Preying on the dumb, poor and ignorant is been an American way for a long time. Look at all of the RTO, low-credit loans specialists, buy-here-pay-here lots, payday loan places, and "bad credit, no problem" advertisements. The best solution is to have an education and some deductive reasoning skills. But as the number of "dumb" grows, there will be plenty of money to made from them...it's a matter of having the moral and ethical ability to screw them over....which I don't feel bad about. Stories like that shouldn't be news, people's poor decisions because they didn't read what they were signing isn't news by any means.
Doppelgänger is offline   Reply With Quote
Old 06-21-2013, 01:34 PM   #14
I'm a terrible person
iTrader: (19)
 
FRT_Fun's Avatar
 
Join Date: Apr 2009
Location: Arizona
Posts: 7,293
Total Cats: 180
Default

Businesses prey on the dumb and poor, but really the educated middle class pays in the end. We end up supporting these idiots with government hand outs.
FRT_Fun is offline   Reply With Quote
Old 06-21-2013, 02:27 PM   #15
Murderator
iTrader: (76)
 
18psi's Avatar
 
Join Date: Apr 2008
Posts: 36,192
Total Cats: 2,583
Default

Thread drifts towards politics in

5...4...3...2...
18psi is offline   Reply With Quote
Old 06-21-2013, 02:42 PM   #16
Elite Member
iTrader: (3)
 
concealer404's Avatar
 
Join Date: Aug 2011
Posts: 8,465
Total Cats: 782
Default

**** politics, how about some stereotypes up in this bitch?


Quote:
Originally Posted by article
Michelle Collins of Denham Springs, La., made her way to a Rimco store after her long-unemployed husband found work.

The tires on their Chevy Silverado were in terrible shape, too dangerous to be used for the long drive to his new job as an industrial painter. But they were such an odd size that the cheapest replacement set cost $1,340 at a regular tire store, far beyond Collins' budget.
On what ******* PLANET does a Chevy Silverado take an "odd size?" I'll give 10:1 odds this ******* thing has 26" wheels or bigger on it, and the mouthbreather that put those ******* things on the truck is too ******* stupid and/or dedicated to being the baddest donk on his/her ghetto block to think of selling them for some stock rims and tires, of which you can get for like.. $400.


Quote:
Originally Posted by article
When Birdie Smith and her daughter rented four tires for their Infiniti sport utility vehicle at the Inglewood branch of Rent-a-Wheel, they were reminded they had to pay $41.90 every Saturday, in person.

But money was tight and they eventually missed a payment. Smith, who lives in South Los Angeles with her daughter and three grandchildren, was shocked to see a squad car pull up to their house a few days later.
Or this. INFINITI SUV?

You're not too poor for tires. You're just too ******* stupid to function.
concealer404 is offline   Reply With Quote
Old 06-21-2013, 02:53 PM   #17
Elite Member
iTrader: (12)
 
Join Date: Sep 2007
Location: Charlotte, NC
Posts: 6,868
Total Cats: 66
Default

Exactly.

Has Infinity SUV...but too broke to afford tires = NEEDS TO BE EATEN BY BEARS.
Doppelgänger is offline   Reply With Quote
Old 06-21-2013, 03:00 PM   #18
Elite Member
iTrader: (2)
 
miata2fast's Avatar
 
Join Date: Aug 2009
Location: Dover, FL
Posts: 2,896
Total Cats: 109
Default

1-800 ASK GARY. Hurt your neck? Get a check!
miata2fast is offline   Reply With Quote
Old 06-21-2013, 03:37 PM   #19
Elite Member
iTrader: (10)
 
soviet's Avatar
 
Join Date: Jan 2010
Location: VA
Posts: 3,518
Total Cats: 259
Default

People are really dumb, it's incredible.

"Infiniti SUV" could also easily be a QX4 aka Nissan Pathfinder for $2000
It's like saying you drive a "Sports car" when it's really a stock 1.6 Miata
soviet is offline   Reply With Quote
Old 06-21-2013, 03:45 PM   #20
Elite Member
iTrader: (3)
 
concealer404's Avatar
 
Join Date: Aug 2011
Posts: 8,465
Total Cats: 782
Default

Let me know where you can find a QX4 worth a **** for $2000. I'm in the market.
concealer404 is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
15x10 - 15x11 6UL @ 949 Racing emilio700 Wheels and Tires 151 06-02-2017 03:36 PM
1994 Spec Miata Race Car SM/SM2/SSM For Sale Quinn Cars for sale/trade 6 10-23-2016 08:58 AM
Hey everyone another n00b here Big_gumby Meet and Greet 80 10-05-2015 05:06 PM
6ULs for Sale in Green Bay JStoops Miata parts for sale/trade 0 09-28-2015 06:35 PM
Recommended Tire Temp for best friction thumpetto007 Race Prep 4 09-27-2015 06:16 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 08:38 AM.