RTO (rent-to-own) is a monthly contract that lets people rent a range of household appliances, furniture, electronics, and even beds with the option to take ownership after a pre-determined period. And because this is a month-to-month agreement, no credit is needed. Customers can simply choose a product they like or want and upgrade, downgrade and even cancel as their financial situation changes.
While some people might be skeptical about the RTO concept, it has been in South Africa since Teljoy launched in 1969. And over the years, the company’s product offering has expanded significantly beyond just the television set many of our parents were used to.
Buying anything on credit has become a risky undertaking. It is well known that the country is struggling with high household debt and, once you are stuck in that trap, it is incredibly difficult to get out of it. If you run into any financial difficulties in making your monthly premiums, the impact could be a negative credit rating, legal action and even repossession. RTO avoids all of that with a convenient solution that gives consumers complete control over their expenses.
Think of it as a hire purchase agreement with the difference being you can cancel at any time. It really is a case of logging on to our website and browsing our extensive online store filled with high quality brand name products, selecting the item you want and completing an easy application process. All you need is a copy of your ID document, latest bank statement and payslip or proof of address to go through the approval process.
Delivery and set-up fees (as well as a television licence, if applicable) form part of the price you see online. So, no stressing about moving furniture into the house or setting up that fridge. Teljoy will take care of it all for you. And, as an additional value-add, for a nominal additional monthly fee, consumers can take out the Teljoy Easyfix Maintenance Plan that covers up to eight units with call out fees, spares, repairs, and even replacements when needed.
RTO is the most affordable, hassle-free and consumer-friendly way to live the lifestyle you want without having to stress about credit, repair bills and even how to get those luxury goods delivered and set-up. Our well-established brand name and experience in the market makes us the leader, giving you the peace of mind you need that this is a viable option for just about any household items you are looking for.