Research the Installment Loan industry first with this example. Use the flyer to fill in the following chart. Save it to a file using MS Word and save it to your file-server account.
| Column A | Column B | Column C | Column D | Column E | Column F | Column G | Column H |
| Item Name |
Rented cost/week $/wk for X wks |
total cost of rented item if paid on installment | Cash price from rental vendor (Price from column C divided by 2) Note: must be purchased w/i 90 days | Name of other vendor carrying this item | Cost advertised for this item by another vendor (eX. sEARS) | Name of vendor you would buy this item from | $$
Savings (usually column c-f) |
|
HP LAPTOP computer • 4 GB RAM • 500 GB Hard Drive • 15.6” Screen |
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Washer / Dryer “Estate” Washer /Dryer Pair • 3.2 Cu. Ft. |
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Ashley 7 piece dinning room set $16per week / 156 weeks |
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Flat screen TV 52” LCD HD TV |
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| Toshiba TV
32" $9/wk/156 wks |
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| 6 piece bedroom set
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| Whirlpool 18 cu foot fridge
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| PS3 gaming system $20 / 78 weeks |
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| living room set $19/wk •With coffee table & lamp • Durable Stain Resistant Microfiber Fabric
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| TOTAL SAVINGS | |||||||
Why would one want to use a rental place place for merchandise? Think of at least 3 reasons and record them below.
(This site lists some advantages)
Ex) Can find used merchandise
1.
2.
3.
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Research some more..... What does this story say? Now read this site outlining the pitfalls! What is your opinion? Would you use this type of company?
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