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Rent-A-Center

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Rent-A-Center

An American furniture and electronics rent-to-own company, Rent-A-Center (RAC) has stores all over the United States. Customers can use items temporarily and pay a rental fee. If they continue for a certain amount of time, eventually the items will belong to them. In addition to furniture and appliances, Rent-A-Center also offers electronics, computers, smartphones and even designer handbags.

The concept of rent-to-own furniture and appliances began in the 1960s in Wichita, Kansas at Mr. T’s Rentals. Thomas Devlin, who had been an employee for Mr. T’s Rental, started his own company in 1973, and Rent-A-Center was born. The company grew to several hundred stores over time, through opening new stores as well as acquisitions of other companies such as Renters Choice, Rent-Way, Rainbow Rentals, and Rent Rite. In total, the company operates more than 2000 stores in the US, Mexico, and Puerto Rico.

Rent-A-Center offers a variety of promotions for its customers to make renting their products affordable. Examples of deals include a low $10 payment for the first week on a new agreement, competitor price matches, free curbside delivery and pickup, and 4-6 month Same-as-Cash (interest-free).

Working hard to make a difference in the lives of the community, Rent-A-Center recently awarded $100,000 to students through their Make A Difference Scholarship program. The company works with Scholarship America to award $2500 scholarships to 40 different current and prospective college students to use toward their expenses.

In addition to Rent-A-Center stores, the company also runs several other brands including Get It Now! (Wisconsin), Home Choice (Minnesota), Acima Leasing, ColorTyme, RimTyme, and RAC Mexico. The Mexico arm of Rent-A-Center operates 122 stores.

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