As a retailer, staying ahead in your industry's growth strategies is vital to remaining competitive. With various solutions available, connecting with lease-to-own (LTO) providers that truly understand your needs is imperative. As you contemplate integrating lease-to-own options into your business strategies, it's time to ask the important questions. In this Q&A session, we're here to guide you through four essential questions you should ask when selecting a lease-to-own provider. By doing so, you'll be equipped to make decisions that not only benefit your business but also resonate with your customers.  

What's the need for lease-to-own if retailers have a financing option for their customers?  

Nearly half of U.S. consumers are considered non-prime (1) consumers, leading to many potential customers looking for options to shop without using credit*. As an alternative to financing, lease-to-own is an option that helps meet the needs of more consumers. Lease-to-own isn't meant to replace in-store financing; it's about offering another choice that welcomes more customers. While financing works well for some, it doesn’t meet the needs of everyone. By using a lease-to-own solution, retailers can reach a broader and more diverse audience. This approach is about understanding and supporting customers who may face challenges qualifying for financing due to certain life circumstances. Ultimately, it's about creating an inclusive shopping experience where everyone feels valued and has access to the products they need.  

What are the benefits for customers if a retailer offers lease-to-own?  

Offering lease-to-own provides numerous benefits that make shopping more accessible and convenient, especially for customers with less-than-perfect credit. Here's how Acima Leasing helps:  

• Expanded Shopping Options: Customers can shop at thousands of locations in-store and online, giving them the freedom to choose how and where they shop for many big-ticket items, including furniture, tires, electronics, appliances, jewelry and more. 

• Simple and Quick Application Process: Customers can easily apply in-store, online, or via a mobile app to get started and may be approved to lease up to $5,000 in leasable merchandise**. 

• Straightforward Lease Agreements: Once approved, customers have 60 days to review and accept their lease agreement with Acima Leasing. Acima Leasing then purchases the selected eligible products from the retailer, up to the lease approval amount. 

• Flexible Lease Renewal Payment Options: Lease renewal payments can work conveniently with the customer’s payday, which can be chosen during the application process. 

• Early Purchase and Return Options: Acima Leasing’s lease-to-own solution is flexible, allowing customers to purchase items early. If there is something wrong with the product or a need to return the product, Acima Leasing’s customer service is available to discuss the customer’s options.  

By offering lease-to-own, retailers can create a more inclusive shopping experience that supports and values all customers, providing them with the flexibility and options they need to shop confidently.  

What are the benefits of working with Acima Leasing for retailers?  

Working with Acima Leasing offers numerous advantages for retailers, enhancing customer experience and supporting sales growth. Here’s why collaborating with Acima Leasing is beneficial:  

• Enhanced Customer Experience: Acima Leasing simplifies the process for customers looking to shop without using credit*, making it easy from application to lease completion. This helps retailers reach potential customers who might otherwise be unable to shop due to their less-than-perfect credit history. 

• Collaborative Support: Acima Leasing provides resources for retailers to educate their employees on how lease-to-own works with Acima Leasing. This collaborative approach ensures that staff are knowledgeable and equipped to assist customers effectively. 

• ECommerce Expertise: The seamless Acima Leasing eCommerce solution allows customers to complete transactions without leaving the retailer’s site. This frictionless experience reduces the factors that contribute to cart abandonment. 

• Easy and Quick Implementation: Acima Leasing provides turnkey integrations for quick adoption in both in-store and online environments. This allows retailers to benefit from a swift and efficient implementation. 

By working with Acima Leasing, retailers can create a more inclusive and supportive shopping experience, fostering long-term customer relationships and increasing transaction opportunities.  

How can a retailer get connected with Acima Leasing?  

Connecting with Acima Leasing is easy. Retailers simply need to visit the Acima Leasing website to fill out an application or inquiry form to begin the process. Acima Leasing's solution seamlessly integrates with locations whether the business operates brick-and-mortar stores or online.  

Why Use Acima Leasing 

As you seek the perfect solution to propel your business forward, it's crucial to look beyond just boosting sales and staying competitive. Ultimately, it's about enhancing the customer experience and meeting them right where they are in their journey. Lease-to-own isn't just a transaction—it's a means of empowering your customers to live the lives they deserve, regardless of their circumstances. Work with us, and together, we can offer your customers the power of choice, creating a shopping experience that's not only fulfilling but also supportive every step of the way.