How can electronics retailers stay ahead in a fast-paced industry where customer demands are constantly changing? The answer lies in more than just offering high-quality tech. Discover how working with Acima Leasing can provide the flexibility and convenience customers crave, helping your business thrive in today's competitive market. 

Acima Leasing’s Customer Insights 

Getting the latest tech or updating one’s electronics is sometimes out of reach for consumers. With Acima Leasing, you can empower your customers with shopping freedom to bring home the latest smartphones, gaming systems, TVs, laptops, and other electronics without using credit*. Nearly half of U.S. consumers are considered non-prime(1) consumers which means they are looking for shopping options other than financing. This is where Acima Leasing can help by providing a lease-to-own solution as an alternative to financing.  

Trying to expand your customer base? Gen-Z is a particularly strong source of potential lease-to-own customers. As of 2020, Gen-Z consumers already made up 40% of U.S. consumers. Many Gen-Zers struggle with being eligible for financing (2), which can lead them to seek ways to shop without using credit*. With a lease-to-own solution, your electronics business can meet your potential customers where they are in life and offer them the shopping power that they are looking for. 

Unlocking New Opportunities  

Working with Acima Leasing expands your customer’s transaction possibilities. When a customer applies for a lease, they could be approved for up to $5,000 in merchandise. This unlocks new opportunities for customers who are looking to get big-ticket electronics for their home or school needs like TVs or computers.  

Additionally, the application process couldn’t be simpler, which encourages your customers to easily check out the possibilities with Acima Leasing.  

They only need a few items to get started: 

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

• Three months of income history from their current job. 

• A government-issued photo ID and either a Social Security number or a taxpayer identification number. 

Building Lasting Customer Relationships 

At the heart of every successful retail business are strong customer relationships. By working with Acima Leasing, you can deepen your connections with your customers and build loyalty that lasts. Offering an easy lease-to-own options shows your customers that you understand their needs and are committed to helping them find the perfect electronics for their shopping preferences and needs. Whether your customers are tech enthusiasts, hobbyists, or families, you can be their trusted partner in their tech journey, providing them with the tools they need to stay connected and productive. 

Enhancing Retailer Benefits 

Working with Acima Leasing not only benefits your customers but also provides numerous advantages for your business: 

1. Customer Acquisition: Acima Leasing can help retailers attract new customers by offering them shopping freedom, and empowering them to bring home the latest electronics with options on how they want to work toward ownership. 

2. Streamlined Process: Acima Leasing’s solution integrates seamlessly with retailers' existing systems and processes. Training materials and marketing resources about lease-to-own are provided to ensure an informed experience for both retailers and customers. 

3. Risk Mitigation: Acima Leasing minimizes risk for retailers by purchasing the product from the retailer and having the customer make their lease renewal payments to Acima Leasing directly. This reduces the retailer's risk associated with completed transactions. 

4. Frictionless ECommerce Experiences: Customers can complete their application without leaving the eCommerce storefront or store. Acima Leasing’s robust APIs and pre-built shopping cart plugins help create a memorable and frictionless experience.  

Working with Acima Leasing for Success 

Ready to take your electronics retail business to the next level? Working with Acima Leasing is the smart choice for retailers looking to offer lease-to-own with convinient lease renewal payment options and attract more customers. Say goodbye to a lack of flexibility for your customers and hello to a world of possibilities with Acima Leasing for your electronics retail business. Let's unlock new opportunities together. 

Sources 

1. “The Consumer Credit Card Market.” Consumer Financial Protection Bureau, September 2021, https://files.consumerfinance.gov/f/documents/cfpb_consumer-credit-card-market-report_2021.pdf 

2. Branka. "Generation Z Statistics – 2024." TrueList, February 18, 2024, https://truelist.co/blog/generation-z-statistics/.