How it Works
- Rent-to-own contracts allow prospective Chairlift buyers to lease a Chairlift with an option to buy.
- The contract gives the renter the option to buy the Chairlift at a specified point in the future.
- Part of the monthly payment goes toward the purchase price of the Chairlift, allowing the leaseholder to save toward the down payment.
- Buyers typically pay a nonrefundable premium upfront, often up to 5% of the purchase price.