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Everything You Need To Know About Lease-to-Own Products

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Lease-to-Own Products: A Comprehensive Guide

Lease-to-own is a sure favorite among the flexible-payment solutions FlexShopper has to offer. Supplying a uniquely empowering path toward ownership – especially for those needing immediate funds or lacking sufficient credit – this approach bridges the gap between “renting” and owning, providing a practical option for consumers.

This more convenient path to ownership allows you to enjoy your product(s) while making payments, with the eventual option of being able to purchase them outright. It’s a plan that can meet you where you are right now, providing fresh access to various products, from furniture and appliances to  computers, gaming, and much more.

It’s particularly appealing for individuals looking to furnish their homes or upgrade their gadgets without the upfront costs. Lease-to-own agreements vary, but the core concept remains consistent: use now, own later.

Why Choose Lease-to-Own?

Choosing lease-to-own offers several advantages. This method supports people who want to acquire products without heavy initial expenses. It can instantly put what matters within reach without breaking your budget upfront.

1. Flexibility in Payments 

Offering the flexibility and freedom you may need right now, lease-to-own agreements allow you to make payments over time. This setup is perfect if you prefer spreading out costs. 

Designed to adapt to your current financial situation, lease-to-own plans can offer some welcome breathing room. Late payments often have less severe consequences compared to traditional loans. This flexibility ensures that you can manage payments without strain.

2. No Large Upfront Costs

Typically, buying high-value items requires a significant initial payment. The lease-to-own process eliminates this barrier. You can take home furniture, electronics, or appliances immediately without paying the full price upfront.

This approach is ideal for those who need items now but can’t afford to pay all at once. It removes financial pressure, making essential products accessible.

3. Opportunity to Try Before You Buy 

With lease-to-own, you’re not locked into a permanent decision. If the product doesn’t meet your needs or expectations, you’re not stuck with it.

This trial period is invaluable. It ensures satisfaction before making a full commitment. This feature is particularly useful for electronics and appliances, where compatibility and performance matter.

4. Maintenance and Repairs

This provision adds peace of mind. If an item breaks down, the company typically handles repairs. This safety net is not always available with outright purchases, highlighting another reason why rent-to-own is appealing.

Types of Lease-to-Own Products

Lease-to-own products span various categories, each with unique appeal and consumer advantages. Understanding these categories helps make informed decisions that suit one’s needs and budget.

FlexShopper, in particular, offers a one-stop way to shop over 100,000 lease-to-own products in a huge range of categories. Customers can browse the items and brands they love while shopping the flexible weekly payments that are most convenient for them. 

Lease-to-Own Furniture

Lease-to-own furniture offers a practical solution for those looking to furnish their homes without an overwhelming initial financial burden. Whether it’s a sofa, dining set, or bedroom suite, this option allows you to bring home the pieces you need with the flexibility to pay over time.

It’s ideal for individuals and families who want quality furniture they can own outright after fulfilling the rental term. This approach also caters to those who enjoy updating their living spaces without committing to a single style for the long term.

Lease-to-Own Electronics

In the fast-paced world of technology, lease-to-own electronics ensure you’re always up to date. From the latest smartphones and tablets to gaming consoles and smart TVs, this option keeps tech enthusiasts equipped with the newest gadgets.

The main advantage is upgrading to the latest models without a significant upfront cost. This is especially beneficial for students, professionals, and anyone keen on leveraging technology’s advancements without the financial strain of purchasing new devices outright.

Lease-to-Own Appliances

For many households, appliances are essential but can be a substantial financial investment. Lease-to-own appliances provide a solution by offering refrigerators, washers, dryers, and more under a payment plan that leads to ownership.

This option is perfect for individuals moving into their first home, families needing immediate appliance replacements, or anyone interested in upgrading their kitchen or laundry room appliances without paying the full price upfront. 

How to Choose a Lease-to-Own Plan

When selecting a lease-to-own plan, it’s crucial to make informed decisions. Here’s how to navigate the process effectively.

Understand the Terms and Conditions

Every lease-to-own contract has its own set of rules. Know the payment schedule, total cost, and what happens if you miss a payment. Ensure the agreement spells out how and when you’ll own the product. Grasping these details prevents surprises later on.

Comparing Prices and Deals 

Not all lease-to-own plans are created equal. Look at different stores and websites. Compare the total cost of leasing or renting versus buying outright. Sometimes, paying more monthly might mean a shorter term or lower total cost. Choose what best fits your budget and timeline.

Checking for Hidden Fees

Some deals seem great until you read the fine print. Look for extra charges like processing, delivery, or repair fees. Ask questions. Make sure you understand all the costs involved. This step helps you avoid unexpected expenses.

Tips for Success with Lease-to-Own 

  • Set reminders for payments and keep communication open with the provider.
  • If you foresee a late payment, inform them early.
  • Reassess your need for the item periodically. If it no longer serves you, some contracts allow returns without penalty.

Lease-to-Own: The Freedom and Flexibility You Need Now?

Lease-to-own offers a flexible, accessible way to acquire furniture, electronics, appliances, and even smaller-ticket favorites. It caters to those who prefer manageable payments over time without large upfront costs.

By understanding how lease-to-own works, consumers can leverage this option to furnish their homes, upgrade technology, or easily secure necessary appliances.

As consumers navigate their options, lease-to-own stands out as a practical solution that bridges the gap between “renting” and owning, providing a pathway to purchase with protections and flexibility not always available in traditional buying scenarios. 

If lease-to-own sounds enticing enough or has more than sparked your interest, make sure to check out FlexShopper, a company focused on providing value-driven lease-to-own products.

Specializing in lease-to-own (in a big way), FlexShopper is in the business of providing hassle-free payment solutions to match your needs. All credit levels are welcome and so are you! Whether you’re looking for better ways to budget a purchase or wanting to build back your credit while acquiring something you need, FlexShopper is a smart solution. Apply today!

Lease-To-Own FAQs

What is lease-to-own, and how does it work?

Lease-to-own is a method that allows you to use a product while making payments over time, with the option to purchase it outright eventually. It applies to various products, such as furniture, appliances, electronics, and vehicles, offering a practical option for those needing immediate funds or credit. The core concept is “use now, own later.”

What are the main advantages of choosing a lease-to-own agreement?

The main advantages include flexibility in payments, allowing you to spread out costs over time; no large upfront costs, enabling immediate possession of items without paying the full price upfront; the opportunity to try before you buy, ensuring satisfaction before making a full commitment; and maintenance and repairs being typically handled by the company, adding peace of mind.

What types of products are available for lease-to-own?

Lease-to-own products span various categories, including furniture, electronics, and appliances. Furniture options might include sofas, dining sets, or bedroom suites. Electronics can range from the latest smartphones and gaming consoles to smart TVs. Appliances include essential household items like refrigerators, washers, and dryers.

How should one choose a lease-to-own solution?

When selecting a lease-to-own plan, it’s crucial to understand the terms and conditions, compare prices and deals across different stores, and check for hidden fees. Ensure you know the payment schedule, total cost, and any additional charges involved. This approach helps you make an informed decision that fits your budget and needs.

What are some tips for success with lease-to-own agreements?

To ensure success with rent-to-own agreements, set reminders for payments, keep communication open with the provider, and inform them early if you anticipate a late payment. Periodically reassess your need for the item; some contracts allow returns without penalty if the product no longer serves your needs.


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  • I started using flexshopper last year. Their services saved my Christmas for my family. They work similar to a rent to own but they have many more items to choose from. I haven’t used flexshoopper’s online inventory but their are several stores that you can shop at including Walmart, Best Buy, and Overstock. They have more retailers but I wanted to name a few. Their customer service team is excellent and always willing to help with any issue you may have.

    • Hello Katty,
      Thank you for your inquiry.
      There are different draft options available from weekly, biweekly, semi-monthly, and monthly arrangements. A debit/credit card is suitable to modify your request. Monthly draft modifications require payment in advance. Your monthly payment is calculated as your weekly payment times 4 or 5 weeks depending on the month.
      Example: If you would like to have your payment drafted on the 2nd of every month, you will have to pay the number of Fridays between the 2nd of the first month, and the 2nd of the next month. Contact our Billing Department via phone at (855) 353-9289 press 1 and a representative will assist you in setting up those arrangements.😊

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* Prices and quantities are subject to change

1 If you are approved for a lease this is your estimated weekly lease payment. On this site, we use the terms "lease," "lease agreement," "rental-purchase agreement" and "agreement" the same. (We usually use the term "Lease.") Under your Lease, you can: (a) weekly, biweekly, or monthly payments or exercise an Early Purchase Option pursuant to your payment offer (not applicable in FL, NC and TX) and some restrictions may apply in CA to acquire Ownership of the rented goods or (b) rent the goods for at least the initial term and then end the lease when you want by making all required payments and returning the goods. In NC, the final payment required to purchase the rented goods will be an amount greater than 10% of the Cash Price. If you are approved for a loan the weekly payment is only an estimate. Please review the actual terms in your loan agreement if you are approved. Your rates, terms and payment schedule are subject to approval pursuant to underwriting criteria and may vary by state. FlexShopper provides offers for Lease to Own Options, however, we do not make any loan or credit decisions and are not representative, brokers or agents for any Lenders.

3 If approved by FlexShopper customers that reside in Florida, Texas and North Carolina, the Cash Price is the price we charge for a cash sale of the item. The Cash Price may be higher than the cash price you would pay if you were to purchase the item directly from the merchant shipping the merchandise on FlexShopper and/or affiliates behalf. If approved by another payment option provider the cash price is the invoice amount of the item excluding taxes, shipping and other fees.

5 Good credit is not necessary but not everyone with bad credit is approved. Our goal is to help consumers with not so perfect credit get goods they want through a payment offer that works for you.

7 An initial payment or security deposit and/or payment may be required before fulfillment.

8 If approved by FlexShopper customers that reside in Florida, Texas and North Carolina you will own the item(s) and not have to pay any additional amount if you pay the full Cash Price (the Cash Price is the price we charge for a cash sale of the item (or $50 more than the price the merchant you select charges) plus sales taxes and may be higher than the price you would pay if you were to purchase the item(s) directly; if you rent multiple items at the same time, we reduce the Cash Price (and increase the Cost of Rental) by $50 for the second and each subsequent item you rent, which makes it less expensive to purchase the items before the end of the term of the Lease). After 90 days, you also have an Early Purchase Option that allows you to own your item(s) for less. Simply refer to the table in your Lease to look up the Early Purchase Option amount after each payment date. If approved by another payment option provider please refer to the terms and conditions of your agreement.

9 All lease/loan decisions and rates and terms are subject to approval pursuant to underwriting criteria related to the applicant’s credit quality. Rates and terms may also vary depending upon the state where you reside.