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I thought I bought my cat but I am renting it — 5 Comments

  1. https://www.consumeraffairs.com/finance/monterey-financial-services.html

    https://www.policygenius.com/blog/pet-store-dog-lease-scam/

    http://wagslending.com/

    This intrigued me because it makes no sense to lease a dog or cat. My thinking is the lease part is how they enforce the contract so that if someone defaults they can punish you and take the pet back. Most creditors don’t want the merchandise back aside from cars and homes. BUT miss a payment from a furniture store like Rent-A-Center and they’ll have the truck in your driveway.

    http://www.dogster.com/the-scoop/

    http://www.wweek.com/portland/article-19896-rent-a-pup.html

    Painting getting a pet like buying a sofa you don’t like and then returning it.

      • The pet leasing companies seem to be up front online my guess is employees in pet stores may not be aware of the details of the financing. Most people who could afford to buy a 2500$ dog would not need subprime loan shark borderline usury lending. This makes it even more predatory. Several of these companies say they use rescued pets. So the pet you could get for 50 dollars at the shelter is now 100$+ a month for life with the idea that the company pays for vet bills and food. Their vet, their food. The use of backyard breeders/puppy mills to keep the shelves stocked with living creatures. This is being soft peddled as a way to own a pet with an all in one package.
        wonderful find on this one Michael everyone should be aware of this scam.

  2. That’s nuts.
    I’ve known quite a few people who part lease a horse but the contract is very well spelled out when you have use of the horse and your financial responsibility. Usually vets, farrier and other upkeep remains in the owners hands. You simply pay a monthly fee for use.
    Some rescues retain ownership so a dog/cat that ends up in a shelter can be claimed by them or they may be able to simply take the pet if there is neglect. A clever move to protect the investment many rescues put into individual animals. I’ve seen it with horse rescues as it keeps the horse from ending up in the slaughterhouse. You can’t just sell them. They must go to an approved home.
    What you are describing is fraud. I am guessing that once attached to that pet most people will pay the contract to keep it and avoid trashing their credit. It’s emotional blackmail.

  3. This is fascinating — Consumer Fraud Division of all state Attorney General’s Offices should be alerted. Haven’t encountered this practice but it’s sad & puzzling because it shows that there is an actual market of people who want pets so much. Too bad rescuers can’t tap into this hunger more successfully, though I think many have made great strides in marketing their adoptions. Of course the ethical standards of doing this are a whole other topic.

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