yeah sure!
Radio Rentals charges on a bread and butter fridge for example, the 340l Westinghouse top mount fridge an annual amount of $624 PA for a 4 year contract and $702 PA for a 3 year contract.
now, the peculiar thing is this- you can buy the bloody fridge for $624 retail, any day of the week.
basically, that means that these scumbags are raking in at least 100%PA in interest, on top of retail profit margin.
look Steve Johnson exited from Intelligent Investor and went to FOR and basically, at the time, INT INV had no interest in TGA because it was such a tasteless, rip off business!
how times have changed- they now have some wombat on the team who is a so called specialist in spec buys who reckons TGA is oh so wonderful.
what we need is a bloody Royal Commission to sort these bastards out once and for all!
Radio Rentals that is
cheers crazypunter