Rent-Try-Buy? You're Better Off With Loan Sharks

There are a number of successful equipment leasing, or 'rent-try-buy' businesses listed on the ASX. Successful, that is, from a shareholder's perspective. As for the customers; that's a different story. The whole industry is in the business of offering outrageously expensive financing while convincing their customers they're getting a good deal, so it's probably a little unfair to single out one of them for criticism. That said, this example from hospitality equipment provider Silver Chef (ASX code SIV) is too outrageous to let pass. Silver Chef provides a 'Rent-Try-Buy' solution pitched at cafe and restaurant owners looking to avoid...

There are a number of successful equipment leasing, or 'rent-try-buy' businesses listed on the ASX. Successful, that is, from a shareholder's perspective. As for the customers; that's a different story.

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