I leased a tv from aarons and was wondering........?

Question

....the TV is worth $1200 but they are charging me $1800 now I have paid $500 into the tv Should I keep paying or return it and cut my loses?

Answer 1

Leasing is just an alternate form of financing, just like putting it on your credit card and making payments or taking out a loan.  The interest is figured into the payments so, yes, you end up paying more than if you had purchased it outright.

Answer 2

i would return it and cut your loses, because rent to own places, not only mark up the merchandise, but the final payments you make are always more than the value of the merchandise.

You are always better to charge it on a credit card, and find it for a lower price, than using those rent to own places. It is like leasing a car, it only good for the short term, but for the long term, you can spend a lot more than the value of the car. So you should buy for the long term, and lease for the short term. The same applies for rent to own places, only get stuff from them if you have no other option.