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Factoids |
| Over 60% of new customers are referred by
existing clients. |
Slogan:
The easy way to buy things for your home |
Promises to answer all phone calls within 3 rings |
Free loaners with same day service |
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"Hey dad, I want to watch Dexter's Laboratory...can I borrow a quarter?"
That's the scenario for a UK based Rent to Own
company, appropriately named, "Buy As You View". The company has a 30 year
history in the 'coin-meter' (pre-pay) method of retailing.
Pre-Paid TV Formula
The customer chooses a new TV. An employee helps estimate the average weekly
television viewing time of the customer. A 'coin-meter' is attached to the TV.
The coin-meter controls the electrical supply to the television and regulates
the number of viewing hours, which will vary depending on the repayments. The
customer pays in advance for the agreed upon number of viewing hours.
The TV will not operate if the number of pre-paid hours is exceeded. The
customer can adjust the number of hours by paying a higher or lower weekly rate.
Similar methods have been tried in the US for Computers, Appliances, and even
Cars with limited success.
The company was founded by Bernard Jones and Gerald Coleman in 1972 and was
originally named Bee Gee Domestics. Bee Gee used the coin-meter method for
appliances. By 1973, they expanded into Electronics. At that time, they were
strictly Rent to Rent.
In 1976, Bee Gee Domestics changed it's name to 'Just Rentals' and expanded
their electronics selection. Later that same year, the company took a step
backward and decided to focus on standard retail financing.
In 1979, the company formed Dunraven Finance Limited, a finance company used to
finance small retail sales at it's outlets.
In 1999 the company changed its name to Buy As You View, to more accurately
reflect the nature of the business. In June 1999, Michael Henderson was named
Chief Executive and set his sights on expansion. Buy As You View covers three
regions, Northeast, Yorkshire, Midlands, and South Wales. The company plans to
achieve total UK coverage within five years.
Company Website
www.buyasyouview.com
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RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
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