TGA 7.89% 20.5¢ thorn group limited

What is it we don't know?, page-35

  1. 5,760 Posts.
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    TGA will never be a CCP!

    what they should focus on is their core breadwinner-Radio Rentals.

    trouble is this- the Rent,Try, Buy scheme for $1 is virtually 'dead', and i was just looking at what prices it would cost to rent a basic, new Kelvinator fridge,which retails at the shop, mind you, for $699.

    Radio Rentals will charge you $2080 if you keep it for 4 years and $2340 if you keep it for 3 years.

    also, you have no legal option to purchase the product after the lease for $1.

    in any event- the person renting the fridge for 3 years pays simple interest of 78% PA.

    sure radio rentals will install and service the fridge, but so will the ordinary electrical retailer, as the fridge is automatically warranted for at least 5 years by consumer law.

    in other words-so called 'desperates' know they are being ripped off.

    that's why the government inquiry has only started-one more report to Current Affair by a disgruntled customer and Radio Rentals are in the spotlight again.

    cheers and tread on tippy toes-crazypunter
 
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