Have you ever wondered how to reach more customers and improve your revenue growth strategies for your appliance business? What if there was a way to offer a transaction solution that caters to a wider range of budgets and life situations? Enter Acima Leasing – an alternative to financing designed to help retailers thrive in today's competitive market. But is Acima Leasing the right fit for your business? Let's find out together. 

Simplified Lease-to-Own Solution 

One of the standout features of Acima Leasing is its streamlined and user-friendly application process. Customers can complete the entire application in your store, from the comfort of their home, or even on the go, using the Acima Leasing mobile app. To get started, all they need is: 

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

2. Three months of income history from their current job. 

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

And just like that, they can view their approval or denial decision. This ease of use not only enhances customer experience but may also increases the likelihood of conversions, helping you close more transactions effortlessly. Whether they are applying in store or online, Acima Leasing has resources to help make the experience as frictionless as possible. 

Flexible Lease Payment Options 

A benefit of offering lease-to-own is that customers can choose a lease renewal payment option that conveniently works with their payday. This flexibility provides customers with a shopping experience that works with their needs and life situations. 

Acima Leasing's early purchase options are particularly attractive. These options are ideal for customers who want an expedited path toward ownership. Customers are not automatically enrolled in these options but can choose them at any time. The first option is available within the initial 90 days of the lease agreement (3 months in California), allowing for earlier ownership and savings. After this window, a second early purchase option provides a discount based on their remaining lease renewal payments. To exercise these options, they can simply call or chat with our customer service team. 

Importance of Timely Lease Payments and Customer Support 

It's important for customers to complete their lease renewal payments on time. If customers have any questions or concerns about their lease renewal payment schedule, they can reach out to the Acima Leasing customer service team. Whether a customer needs to change their lease payment schedule because their payday changed or anticipates being unable to make a payment, Acima Leasing can help work through the options available.  

Approving Customers That Financing Doesn’t  

As an alternative to financing, Acima Leasing is a way your customers can shop without using credit*. Nearly half of U.S. consumers are considered to be part of the non-prime(1) category. This means that they are potentially looking for shopping options other than financing to meet their needs. This is exactly what the lease-to-own solution with Acima Leasing does. As a retailer, offering lease-to-own will help you remove the barrier that customers with less-than-perfect credit histories feel while shopping. Acima Leasing works is an option for customers with less-than-perfect credit that may not qualify for financing. Lease-to-own can help more of your customers access the shopping power they need, leading to higher sales opportunities and increased customer satisfaction. 

How Acima Leasing Benefits Retailers 

As a retailer, working with Acima Leasing comes with other notable benefits beyond how it can provide flexibility for customers.  

1. Customer Base Growth: Lease-to-own can open doors to more repeat business and new customers. Additionally, retailers who work with Acima Leasing can be discovered on Acima Leasing’s website through a retailer location map and an online marketplace. 

2. Lease-to-Own Resources: Acima Leasing provides resources to educate employees and customers on how lease-to-own works within Acima Leasing’s process. 

3. ECommerce Expertise: Acima Leasing believes in a frictionless online shopping experience and offers robust APIs and pre-built shopping cart plugins available for seamless integration.  

4. Easy and Quick Implementation: Acima Leasing offers turnkey integrations for both in-store and online environments so you can start tapping into your new potential consumers as soon as possible.  

Building Customer Loyalty With Acima Leasing 

By offering Acima Leasing's alternative to financing, you are not only making big-ticket items more accessible but also fostering customer loyalty. Customers appreciate the opportunity to choose from various payment options to complete their transactions. With Acima Leasing you can offer a lease-to-own solution with various paths to ownership and position your business as inclusive of different shopping preferences and needs. 

Proven Track Record 

With many success stories, Acima Leasing has established itself as a reliable lease-to-own provider for retailers across various industries like appliances. Acima Leasing’s consistency speaks volumes about its commitment to both retailers and customers. Continue to explore our website to learn about how businesses have successfully integrated Acima Leasing into their revenue growth strategy. 

Why Work With Acima Leasing 

Acima Leasing offers a compelling lease-to-own solution for appliance retailers, combining ease of use and additional benefits that can transform your business. By providing a lease-to-own solution, you open yourself to the opportunity to help more customers, close more transactions, and increase repeat business. Get started today and talk to our team to learn more—embrace the potential lease-to-own holds for your business’s growth and success. 

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 

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