Rent to own guns?

MIAMI, Missouri (KSNF) – A rent-to-own store store in Miami, MO is one of the first in the nation allowing shoppers the opportunity to rent an item not seen in a typical store. You wouldn’t think of anything out of the ordinary when walking into this store. But this Miami’s Rent-To-Own’s products consist of furniture, appliances, and guns.
Steve Parnell, Rent-to-Own owner: “A lot of people have a hard time throwing down $500 – $700 for a gun, but they can pay 10 to 15 dollars a week.”
Since February, this store has defied the odds and became one of the first ever to rent guns to the public. The Bureau of Alcohol, Tobacco, Firearms and Explosives was apprehensive at first, but owner Steve Parnell says it’s no different than any other loan.

Steve Parnell, Rent-To-Own owner: “For instance, if you went to the bank to borrow a thousand dollars to buy yourself a brand new Colt AR-15 and you used it as collateral, if you didn’t pay the bank would take your AR-15 and they’re not even an arms dealer.”

It’s legal and ATF compliant.

Steve Parnell, Rent-To-Own owner: “If they wanted to return it they could, if they wanted to keep it and pay for it they can. Everything is 100% legal. we’re following all the rules of the Rent/Own Dealership Association and the Alcohol, Tobacco, and Firearms.”

Parnell says this new addition has not only helped boost revenue, but has filled in a need in the community.

Steve Parnell, Rent-To-Own owner: “It added a new avenue of business, which is always good for a small business man. Plus, I’ve always been a handgun enthusiast, so it’s always been a hobby of mine anyway. It brought in a new group of people to my store that hadn’t been in here before, so it’s helped all the way around. It’s been really enjoyable.”

His business is booming, and it doesn’t seem to be slowing down anytime soon.