Lease-to-own (LTO) is emerging as a popular alternative to financing, offering consumers flexibility in getting products regardless of whether they can’t use financing or prefer a more flexible option. As the retail landscape shifts, there's a growing demand for convenient payment solutions that cater to diverse life circumstances. In this article, we explore how Acima Leasing addresses these trends and benefits both retailers and their customers through its lease-to-own payment solution.  

Ease and Speed of the Application Process  

Acima Leasing simplifies the application process, allowing customers to apply online, in-store, or via our mobile app. With an emphasis on convenience, if an eligible customer receives an offer, they have 60 days to finalize their decision. How do you know if you are eligible? That’s simple, all you need are these three items:  

• An active checking account with at least $750 in monthly income 

• Three months of income history 

• A government-issued photo ID, and an SSN or taxpayer identification number.  

 Moreover, Acima Leasing’s streamlined application process significantly reduces the time customers spend waiting for an approval decision. Unlike some payment options that may involve lengthy requirements and paperwork, Acima Leasing's approval process is swift, often providing customers with a quick decision. This expedited process not only enhances customer satisfaction but also enables retailers to close sales more efficiently, driving revenue and improving cash flow.  

In addition to the ease of the overall application process, Acima Leasing's robust API and pre-built shopping cart plugins contribute to a frictionless experience for those retailers with eCommerce storefronts. Whether applying online or in-store, customers can navigate using lease-to-own effortlessly, offering welcomed flexibility when completing their transactions.  

Flexibility in Lease Renewal Payments Options  

Customers enjoy the flexibility of lease renewal payments set to coincide with their payday to help lease renewal payments during the application process, align with their current life situation. This flexibility extends to a variety of products: 

• Furniture 

• Mattresses 

• Tires 

• Appliances (including hoses) 

  • Washers  

  • Dryers 

  • Dishwashers  

  • Freezers 

• Electronics 

  • Televisions 

  • Video Game Systems 

  • Audio Speakers 

  • Computers 

  • Laptops 

  • Tablets 

  • Smartphones 

• Jewelry 

• Handbags 

• Camera Equipment  

To enhance the flexibility of its lease renewal payment options, Acima Leasing provides customers with the ability to modify their lease renewal payment schedule if needed. Whether facing unexpected expenses or seeking to realign lease renewal payments with their payday changes, customers can contact Acima Leasing's customer service team to explore alternative lease renewal payment schedules, ensuring an experience that meets their needs.  

Benefits of the Early Purchase Option  

Customers may exercise one of the two early purchase options offered by Acima Leasing. The first early purchase option is typically available for the first 90 days of the lease agreement (3 months in California). After the first early purchase option has passed, their second option is an early purchase discount based on their remaining lease renewal payments. 

By offering a clear path to ownership, Acima Leasing encourages shopping preference inclusivity while cultivating trust between retailers and customers. Customers appreciate the proactive approach, recognizing that the retailer is meeting them where they are in life with options to get what they need.  

Why Use Acima Leasing  

Acima Leasing provides retailers with an opportunity to enhance customer experience through streamlined application processes, flexible lease renewal payment options, and early purchase incentives. By embracing this lease-to-own solution, retailers can attract a broader customer base and transform the shopping experience.

To retailers considering lease-to-own, remember that incorporating flexibility and inclusivity into business practices can be transformative for your business. Connect with Acima Leasing today to explore how lease-to-own can refresh your retail strategy and continue to build better customer relationships.