FREQUENTLY ASKED QUESTIONS
We've partnered with Smart-Pay, a local rent-to-own specialist to provide our customers with an affordable payment option for our buildings and playsets. Below are some of our customers most frequently asked questions....
Thank You for choosing Lancaster Swingset!
How does rent-to-own work?
Ren-to-own is an affordable way to get the structure you want...but without the large lump sum expense. The low up-front cost makes it easy to get started. The monthly rental payments are kept low to fit your budget. After making the final rental payment, you take ownership of the structure. It's that easy.
Can I take ownership of the structure before the end of my rental agreement?
Yes, you may exercise an early purchase option (EPO) at any time. SmartPay offers an EPO discount to all customers who are up-to-date on their rental payments. Just contact SmartPay and their staff will provide the EPO price to you.
Is there a penalty to purchase early?
No, there is not. In fact, SmartPay offers a discount on the future rent due on your rental agreement.
Do I need to pay a deposit?
Yes, the deposit is 25% of the cash price.
What if I want to move the structure to another location?
To move a structure to another location, just contact the SmartPay office with the new address. Moving must be done by an authorized SmartPay mover.
What interest rate am I paying?
Rent-to-own is a rental agrreement with an option to purchase. It is not a loan. You are simply paying rent until you exercise the option to take ownership.