Buy Here Pay Here Rent/Lease To Own, How it Works at The Spa Guy, Inc!
Why Rent a Hot Tub? There are many reasons for Renting. First How many times have you purchased something and used it a lot then quit using it altogether only to loose a lot of money when you sold it. If you Rent and decide you don't want it anymore you simply call us and we go pick it up for a predetermined fee and all you loose is the monthly payments that have been paid and the Deposit which would be a lot less than if you paid for the tub and then sold it.
Another reason would be you can start with a basic tub and use your equity to move up to a nicer tub.
Another reason is this is not like taking out a loan because you can simply have the tub picked up and stop making payments if you can no longer afford it! So Consider Renting over Buying!
Last But Not Least We are offering as an Added Bonus On Selected Hot Tubs The Option to Choose an Extended Warranty Program. If you choose not to opt for the up to 36 Month Extended Warranty then you still get the 90 Day Warranty. What We Cover Under Either of Our Warranties for Either 90 Days or the Full time that the Tub is under Rental Is Any Mechanical Breakdown Including Pumps, Motors, Electronics and Leaks.
We don't cover Cosmetic Items, Normal Wear and Tear or Physical Damage or Cracks in the Shell.
This makes the coverage for a Rent to own tub better than most New Hot Tub Warranties!Come Visit our Showroom In Hendersonville Tennessee.
Call to be sure someone is at the Plant. We are open most days from 8:00 to 5:00 and Saturdays from 9:00 to 2:00. If you need to see tubs outside of those times call and I will meet you except on Sunday. Call Billy "The Spa Guy" at 615-481-6941 ext. #2.
The Way Rent To Own Works:
Example: Lets say You chose a Hot Tub that is 2000.00. You would pay a deposit toward the tub of 25% which is $500.00 Plus the First Months Rent which would be around $92.59 + Tax. You would then make monthly rental payments of 92.59 + tax each month. After you pay the rental Fee for 36 Months You would own the Hot Tub as long as all payments are paid and any Late or Other fees are paid. If you paid all 36 Monthly Rental Payments and had no outstanding fees you would be refunded the full Deposit you paid. If you decided you no longer want the Hot Tub after lets say 12 months then you would simply call us and say I no longer want the tub. We would pick the Hot Tub up you will loose your deposit and any equity you built up. Early Payoff: There is No Long Term Obligation unless you want to Own the Tub.
If you want to pay it off early you would add together all paid monthly rental payments and multiply that amount by .60. Take that total plus the deposit subtract that from original "cash value" of the tub and any late fees and pay that amount in a lump sum plus tax and the rented property will be yours.
Example: $2000.00 Cash Price. You paid 10 Montly Payments of 75.00 x 10= $750.00 x .60% = $450.00 assuming you had no late payments you would subtract $450.00 and your $500.00 deposit from the Cash Price of $2000.00 Your Payoff Balance would then be $1050.00 + Tax plus the unpaid tax on your $500.00 Deposit. Tax on 1550.00 would be $143.38 so your payoff amount would be $1193.38 with no penalty for early payoff except you loose the Warranty it is only active as long as it is under Rental. Note: This example is using round figures for simplicity.
Note: Most Hot Tubs have a 90 Day Limited Warranty and you can even Purchase an Extended Warranty. You would be responsible for Upkeep, Chemicals, Maintenance and Insurance.
Non-Homeowners: If you do not own the Property where the Hot Tub would be placed then you will have to have written permission on a The Spa Guy, Inc provided form giving you permission to place the Hot Tub on the Property and Giving Us certain permissions to be disclosed in the Rental-Purchase Agreement.
Placement of the Rented Property: The Rented Property must be placed in an area where it can be easily removed upon default or cancellation of the agreement. Examples would be; No High Deck where a crane or other equipment would be required to remove the Hot tub. No Indeck Installation. The Hot Tub can be placed on a deck if not higher than about 7 steps. If you are planning to place the Hot Tub in any of these situations we may allow it with a Larger Deposit. We can discuss it.
Trades: You can trade your tub in up to 18 months toward another tub and use the equity you built up based on 60% of the payment and the deposit. Example: $2000.00 Cash Price. You paid 10 Montly Payments of 92.59 X 10=925.90 X .60%=555.54 In equity. So you could by a 4000.00 tub where the deposit would be 1000.00. In this case your previous deposit was 500.00 your equity was 555.54 so we would switch the tubs and 500.00 of the 555.54 would go toward the other half of the depsoit and 5.54 would come off of the 4000.00 and you would start over again for 36 monthly payments based off of the 3994.46.
Note: If you have had the tub longer than 18 months and want to trade you only get equity for 18 months toward a trade.
PAYMENT NOTE: We require automatic draft on all Rent To Own contracts.
CLICK HERE TO FILL OUT THE RENT TO OWN APPLICATION
NOTE: If You don't make your payments we do come get our tub - SEE THE VIDEOS!
If you miss your payment 10 days after it is due we will come pickup the tub, no If's and's or But's!! We were being lenient but people took advantage of that so we have a new hard policy of 10 days late we grab the tub period!!
Why Rent a Hot Tub? There are many reasons for Renting. First How many times have you purchased something and used it a lot then quit using it altogether only to loose a lot of money when you sold it. If you Rent and decide you don't want it anymore you simply call us and we go pick it up for a predetermined fee and all you loose is the monthly payments that have been paid and the Deposit which would be a lot less than if you paid for the tub and then sold it.
Another reason would be you can start with a basic tub and use your equity to move up to a nicer tub.
Another reason is this is not like taking out a loan because you can simply have the tub picked up and stop making payments if you can no longer afford it! So Consider Renting over Buying!
Last But Not Least We are offering as an Added Bonus On Selected Hot Tubs The Option to Choose an Extended Warranty Program. If you choose not to opt for the up to 36 Month Extended Warranty then you still get the 90 Day Warranty. What We Cover Under Either of Our Warranties for Either 90 Days or the Full time that the Tub is under Rental Is Any Mechanical Breakdown Including Pumps, Motors, Electronics and Leaks.
We don't cover Cosmetic Items, Normal Wear and Tear or Physical Damage or Cracks in the Shell.
This makes the coverage for a Rent to own tub better than most New Hot Tub Warranties!Come Visit our Showroom In Hendersonville Tennessee.
Call to be sure someone is at the Plant. We are open most days from 8:00 to 5:00 and Saturdays from 9:00 to 2:00. If you need to see tubs outside of those times call and I will meet you except on Sunday. Call Billy "The Spa Guy" at 615-481-6941 ext. #2.
The Way Rent To Own Works:
Example: Lets say You chose a Hot Tub that is 2000.00. You would pay a deposit toward the tub of 25% which is $500.00 Plus the First Months Rent which would be around $92.59 + Tax. You would then make monthly rental payments of 92.59 + tax each month. After you pay the rental Fee for 36 Months You would own the Hot Tub as long as all payments are paid and any Late or Other fees are paid. If you paid all 36 Monthly Rental Payments and had no outstanding fees you would be refunded the full Deposit you paid. If you decided you no longer want the Hot Tub after lets say 12 months then you would simply call us and say I no longer want the tub. We would pick the Hot Tub up you will loose your deposit and any equity you built up. Early Payoff: There is No Long Term Obligation unless you want to Own the Tub.
If you want to pay it off early you would add together all paid monthly rental payments and multiply that amount by .60. Take that total plus the deposit subtract that from original "cash value" of the tub and any late fees and pay that amount in a lump sum plus tax and the rented property will be yours.
Example: $2000.00 Cash Price. You paid 10 Montly Payments of 75.00 x 10= $750.00 x .60% = $450.00 assuming you had no late payments you would subtract $450.00 and your $500.00 deposit from the Cash Price of $2000.00 Your Payoff Balance would then be $1050.00 + Tax plus the unpaid tax on your $500.00 Deposit. Tax on 1550.00 would be $143.38 so your payoff amount would be $1193.38 with no penalty for early payoff except you loose the Warranty it is only active as long as it is under Rental. Note: This example is using round figures for simplicity.
Note: Most Hot Tubs have a 90 Day Limited Warranty and you can even Purchase an Extended Warranty. You would be responsible for Upkeep, Chemicals, Maintenance and Insurance.
Non-Homeowners: If you do not own the Property where the Hot Tub would be placed then you will have to have written permission on a The Spa Guy, Inc provided form giving you permission to place the Hot Tub on the Property and Giving Us certain permissions to be disclosed in the Rental-Purchase Agreement.
Placement of the Rented Property: The Rented Property must be placed in an area where it can be easily removed upon default or cancellation of the agreement. Examples would be; No High Deck where a crane or other equipment would be required to remove the Hot tub. No Indeck Installation. The Hot Tub can be placed on a deck if not higher than about 7 steps. If you are planning to place the Hot Tub in any of these situations we may allow it with a Larger Deposit. We can discuss it.
Trades: You can trade your tub in up to 18 months toward another tub and use the equity you built up based on 60% of the payment and the deposit. Example: $2000.00 Cash Price. You paid 10 Montly Payments of 92.59 X 10=925.90 X .60%=555.54 In equity. So you could by a 4000.00 tub where the deposit would be 1000.00. In this case your previous deposit was 500.00 your equity was 555.54 so we would switch the tubs and 500.00 of the 555.54 would go toward the other half of the depsoit and 5.54 would come off of the 4000.00 and you would start over again for 36 monthly payments based off of the 3994.46.
Note: If you have had the tub longer than 18 months and want to trade you only get equity for 18 months toward a trade.
PAYMENT NOTE: We require automatic draft on all Rent To Own contracts.
CLICK HERE TO FILL OUT THE RENT TO OWN APPLICATION
NOTE: If You don't make your payments we do come get our tub - SEE THE VIDEOS!
If you miss your payment 10 days after it is due we will come pickup the tub, no If's and's or But's!! We were being lenient but people took advantage of that so we have a new hard policy of 10 days late we grab the tub period!!
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