If you are searching the net looking for the nearest rent to own car dealer in the triangle area, you might as well take a break.  It seems that the rent to own car model is not yet legal in the state of North Carolina.  Three is no established rent to own law in the state, making the rent to own car business a risky proposition for local used car dealers.

So what does one do when bad credit prevents the purchase and financing of a used car?

Try the buy here pay here model.  There are plenty of these type of used car dealers throughout the triangle area.  You should have no problem finding one near you.

Best bet, try a free online matching service and save yourself the hassle of calling several dealers looking for someone interested in your business. Let them come to you.

Forget about rent to own cars in the Triangle area!

Looking for a rent to own car in Missouri?  If so, you are in luck. Missouri is one of the few states with an established rent to own car dealer company with several convenient locations.

Auto By Rent offers quality, late model vehicles with affordable payments that include taxes and fees. Cars come licensed, inspected and ready to drive with no need to visit the license bureau to pay taxes.

Another benefit is that you never pay property taxes while you have the vehicle in the rent to own program. All vehicles sold are examined by mechanics. A warranty is included.

Apply for a Rent to Own Car.

Auto By Rent Locations Missouri:

4217 S. Glenstone – Springfield – (417) 877-2001

1835 E. Chestnut Expwy – Springfield – (417) 447-7979

1201 West Banning – Marshfield, MO 65706 – (417) 859-6363

1710 Missouri Blvd – Jefferson City, MO – (573) 893-4343

TransUnion recently released their analysis of trends in the mortgage industry for the third quarter of 2009 and the associated impact on the U.S. consumer.  The study is conducted using data from 27 million anonymous credit files representing 10% of the US consumer based.

The study found that mortgage loan delinquencies have increased, yet again, for the eleventh quarter in a row! This is an all time high of 6.25% and does not account for those who are already in foreclosure.  The good news ( if you can call it that) is that the rate of increase has slowed down.

What does this mean?  Well, clearly,  US credit scores have significantly dropped.  The average American credit score is lower today than it was 10 years ago and a 600 credit score is no longer a good thing.

Meanwhile, US consumers are finding it more and more difficult to obtain financing for major purchases.  Buying a house, financing a car purchase or even furniture or other household appliances is now much more difficult. It’s no surprise then why rent to own businesses are popping up everywhere across the country.  Demand for rent to own stores is fierce.

Nowadays you can rent to own practically anything from a pair of tire rims (seriously), to a car and even a home.  Rent to own cars are now big business — and if you don’t believe me just ask WalMart.  They just opened up rent to own car programs in the Phoenix area. =)