Rent to own furniture is an alternative way to lease items for your space set-up, even with bad credit at flexible payment options.
If you want to furnish your apartment but don’t have the money to buy everything outright at the moment, lease to own furniture could be the perfect solution for you.
With rent to own furniture, you can start enjoying your new items right away and pay for them over time. There are no hard credit checks required, and you can customize your payment plan to fit your budget at most of the providers online.
But pay off early to save on the monthly rent cost. Most 90-day early payoffs charge a small fee and you should try to close the contract out as early to enjoy this benefit.
Best Rent to Own Furniture Programs
If you need new furniture and have no funds to handle the upfront payments, the below platform allows you to get yours and pay back on lease to own terms:
TOP 5 PICKS
Abunda
- Rent to own furniture from Amazon through Abunda
- Very large inventory of furniture to rent hence, you have several varieties to choose from
- Enjoy up to a credit limit of $4,000
- Pay with Acima once you are at the checkout page
- There is no hard credit history pull hence, you can be eligible with poor credit
- It also supports payment with Klarna and PayPal Pay in 4
- It has free delivery and is fast within 5 days
- 90-day early purchase option is only $75 – $95 extra
Big Lots!
- A wide range of products at discounted prices
- Pay with Progressive when you are ready to checkout
- Credit limit of up to $3,000 to rent to own furniture items
- You can pick on the same day from its store if your lease request is successful
Wayfair
- Extensive and diverse selection of furniture, home decor, and furnishings
- Rent to own furniture when you pay with Acima or Katapult at checkout
- Other financing options include Affirm, Bread Pay, and Citizens Pay
- You may be eligible for its store credit card to enjoy cashback
Ashley HomeStore
- Offers an extensive and varied assortment of furniture, home decor, and furnishings
- Option to enjoy a rent to own furniture arrangement when you select Acima or Progressive as your payment method at checkout
- Supports buy now pay later with Caddipay and has a store credit card for more financing alternatives
Overstock
- It boasts a wide and varied selection of furniture, home decor, and furnishings
- Rent to own furniture by choosing Progressive Leasing as your payment method at checkout
- You may qualify for its store credit card, which could grant you access to cashback rewards and additional perks
Abunda
Lease with
Acima
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Tip: Abunda enables you to rent to own furniture from Amazon when you pay with Acima at checkout. Simply shop directly on Abunda or copy the product link on Amazon and paste it into the Abunda search field to lease it.
Abunda is a buy now, pay later platform that partners with well-known financing companies to offer flexible payment plans for millions of products on Amazon. With this, you can rent-to-own appliances and furniture on Amazon through Abunda.
To use Abunda to lease to own furniture, simply add the product you want to your cart and select the Acima payment option at checkout. You will then be prompted to create an account and choose a payment plan. This does not require a hard credit check, so you can be approved even if you have bad credit.
Once your payment plan is approved, your item will be delivered to you from Amazon. You will then have the flexibility to make payments over time, without any interest or hidden fees.
Abunda’s rent to own furniture option comes with perks such as getting to choose from a wide variety of items that will be delivered by Amazon. This brings some confidence about your choice and you can also check out what other customers think by reading their reviews before you make a decision.
The online store has lots of different things aggregated from Amazon, like gadgets, furniture, appliances, sports stuff, and more. They even have a special section for items that are on sale at lower prices.
If you want to use Abunda to finance furniture, you can do it in a few steps. First, find the product you want on Amazon, or just get the link to that product. Then, paste the link into Abunda’s search bar.
There are different plans you can choose from, depending on how you want to pay. With Acima, the lease-to-own company that works with Abunda for furniture rentals, you can pick a plan that extends up to 12 months.
Once you’ve made your purchase, you’ll start making monthly payments. The amount you pay each month depends on how much the product costs and how long the contract is.
Overstock
Lease with
Progressive
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Tip: Overstock provides an extensive collection of furniture items that you can lease to own when you pay with Progressive at checkout.
Choosing Overstock as your rent to own furniture provider can be a convenient and flexible way to furnish your home without the immediate financial commitment of buying everything upfront.
It offers a straightforward leasing program that allows you to enjoy a wide range of furniture options while spreading out your payments over time through its integration with Progressive.
The online store is known for its extensive collection of furniture items, from sofas and dining tables to bedroom sets and more. You can explore their website to find pieces that suit your style and needs.
Browse through the listed furniture products and once you find any that you like, you can then add it to your cart.
The platform partners with Progressive Leasing, a popular lease-to-own service to facilitate this process.
You’ll need to complete a quick application with Progressive Leasing through which they will review your information to determine if you qualify for the lease. Approval is often quick, and you’ll receive the terms of your lease agreement.
An initial payment may be required. This payment is usually quite reasonable and helps secure the furniture for you.
Overstock’s rent to own furniture program allows you to choose from various payment plans, which typically include weekly, bi-weekly, or monthly options. You can select the plan that best fits your budget and payment frequency.
Once your application is approved, and the initial payment is made, you can have your chosen furniture items delivered to your home and start enjoying them immediately.
Over time, as you make your lease payments, you’ll have the option to buy the furniture at a predetermined price. This is a great way to eventually own the furniture you’ve been leasing if you decide you want to keep it.
Ashley HomeStore
Lease with
Acima, Progressive
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Tip: The Ashley HomeStore rent to own furniture option is provided through Acima and Progressive. You can utilize it to furnish your room space and repay on a monthly basis.
Ashley HomeStore boasts an extensive range of furniture items, from sofas and dining sets to bedroom suites and more. You can explore their diverse selection to find pieces that suit your style and home decor preferences.
To participate in the rent to own furniture program, you’ll need to complete a straightforward lease application through Progressive Leasing or Acima depending on the option you chose at checkout.
This process typically involves visiting a landing page provided by any of the providers and filling the form with some personal information, and eligibility is often assessed promptly.
Once your lease application is approved, you’ll receive the terms and conditions of your lease agreement.
This contract specification will outline crucial details, including the rent duration, the monthly payment amount, any initial payment requirements, and associated fees.
Once you’ve been approved by Acima or Progressive and made the initial payment, you can have your chosen furniture items delivered to your location, enabling you to create a comfortable and stylish living space tailored to your taste while paying monthly.
Aside from the lease to own furniture financing option, the platform also has other means you can get products and pay later, including:
- Ashley Advantage Credit Card: This store credit card offers convenient payment options and special financing deals. You can be approved for up to $7,500
- Caddipay: This financing option allows you to divide your purchase into four equal payments without any interest or fees
Big Lots!
Lease with
Progressive
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Tip: Big Lots! is a discount department store that sells a variety of merchandise at low prices and via its online shopping platform, you can rent to own furniture when you checkout with Progressive.
Big Lots! is a well-known retail chain that has established itself as a go-to destination for budget-conscious shoppers seeking a wide range of products at discounted prices.
The platform is s renowned for its diverse product range, which includes furniture, home decor, electronics, seasonal items, clothing, toys, groceries, and more.
Its extensive selection caters to the needs of various customer demographics, from homeowners and families to college students and bargain hunters.
The company specializes in selling closeout and overstock merchandise, which allows it to sell products at significantly reduced prices compared to traditional retailers.
Shoppers often visit Big Lots! in search of bargains and deals, making it a budget-friendly shopping destination.
With its variety in terms of what is available in its inventory and partnership with Progressing Leasing, you will be able to rent to own furniture of different types and sizes and split the payment into monthly installments.
Wayfair
Lease with
Acima, Katapult
Rating
Tip: Wayfair is an online furniture and home decor retailer known for its vast selection and convenient shopping experience and through any of Acima and Katapult, you can rent to own furniture and other items.
Wayfair is a well-established online destination for furniture and home decor enthusiasts popular for its immense product catalog.
The platform offers an extensive range of furniture pieces, decor items, and home essentials, making it a top choice for anyone looking to spruce up their living spaces.
With its user-friendly interface and search features, it simplifies the shopping experience, allowing you to easily find rent to own furniture items that suit your style and budget.
Wayfair offers lease-to-own furniture through third-party companies including Katapult and Acima which offer installment leases to consumers.
With the two providers, you can lease-to-own furniture for a period of up to months enabling you to make monthly payments, and at the end of the lease, you have the option to purchase the furniture for the remaining balance, or you can return it.
Curacao
Lease with
Acima
Rating
Tip: Curacao offers a wide variety of products, including electronics, appliances, furniture, jewelry, and more. You can lease to own any of the items through Acima at the payment page.
iCuracao is the online store of Curacao, a large-format retail store chain with a sub-division in finance that operates in export, travel, and money transfer services.
The Curacao website offers a wide variety of products, including electronics, appliances, furniture, jewelry, and more. The website also offers a variety of services, such as financing, shipping, and returns.
For its rent to own furniture financing, it has Acima integrated into its shopping portal through which you can apply for a lease option for any of its listed products.
This online retail platform offers a variety of financing options for furniture other than the rent to own, including through its Synchrony-powered store credit cards and the credit option it offers through its financial service arm.
iCuracao is a good option if you want to check through a wide variety of products and services before making a decision and you can add more items to your furniture purchase on this portal.
Best Buy
Lease with
Progressive
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Tip: Best Buy is a leading retailer specializing in consumer electronics and appliances with added categories for buying related items like furniture. You can lease its products through Progressive.
This is one platform that needs no introduction when it comes to consumer goods, especially in the area of electronics.
Best Buy, the multinational retailer, specializes in consumer electronics, computing, and entertainment, and has added some related products to its inventory to enable shopping within its platform for all you need when it comes to your electronics and accessories.
Within Best Buy’s extensive inventory, you can discover a diverse array of products, ranging from TVs and computers to appliances and home theater systems.
Additionally, the company provides an assortment of services, such as Geek Squad repairs, installations, and flexible financing options.
Best Buy’s furniture collection encompasses a wide range of styles and price ranges, ensuring you can locate the perfect piece to match both your preferences and your budget.
If you want to rent to own furniture from its inventory, you will have to select the Progressive Leasing payment method when you want to make payment.
Mattress Firm
Lease with
Progressive
Rating
Tip: Mattress Firm primarily known for its expertise in mattresses and bedding, also offers a select inventory of rent to own furniture items available for lease through Progressive.
While Mattress Firm specializes in mattresses, they have expanded their offerings to include a limited but thoughtful selection of bedroom furniture.
This typically includes items such as bed frames, nightstands, dressers, and bedroom sets, designed to complement your mattress and create a harmonious sleep environment.
To rent to own furniture from Mattress Firm, you can visit one of their physical stores or explore their website to find the items you desire.
The lease application process will involve providing necessary personal information, and you will need to meet specific eligibility criteria set by Progressive, its leasing partner.
Mattress Firm’s furniture lease-to-own program offers a convenient solution if you are seeking to complete your bedroom setup with quality furniture items while effectively managing your budget.
Nectar Sleep
Lease with
Acima, Katapult
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Tip: Nectar Sleep is a prominent mattress and bedding company with some furniture items in their collections you can lease to own through Acima and Katapult.
Nectar is best known for its memory foam mattresses, which are designed to provide optimal support and comfort.
These mattresses are constructed with multiple layers of memory foam, including a gel-infused layer that helps to promote cooling and reduce heat retention.
In addition to its amazing mattress collection, the brand also has a few furniture products including nightstands, dressers and tops, and with its bedroom set, you can get all in one for a good sleep at home.
To rent to own furniture shopping on the online website of Nectar, you simply need to select any of Acima or the Affirm integrated Katapult option at checkout.
One of Nectar Sleep’s standout features is its generous 365-night sleep trial. This means that you have a full year to test the mattress in your own home.
If, for any reason, you’re not satisfied with the mattress during this period, Nectar offers a hassle-free return process.
Apart from the lease to own option, it also allows buy now pay later financing through Affirm.
Dreamcloud
Lease with
Acima
Rating
Tip: Dreamcloud offers a limited selection of furniture to complement its lines of mattresses which you can rent to own through Acima.
This company is a renowned mattress manufacturer known for its luxurious hybrid mattresses that combine the support of innerspring coils with the comfort of memory foam, providing a comfortable and restful night’s sleep.
Its mattresses are available in a variety of sizes and firmness levels, so you can find one that is right for you. The company also offers a 100-night sleep trial and a lifetime warranty on all of its mattresses similar to its sister company, Nectar.
The company also offers a limited selection of rent to own furniture, including bed frames, platform beds, nightstands, and dressers. The furniture is made with a variety of materials, including wood, metal, and fabric.
If you’re looking for comfortable and stylish furniture to rent, Dreamcloud is a good option to consider.
It offers a limited selection of furniture, but the furniture that they do offer is of good quality and this can be attributed to the amazing reviews about its products online.
Things to know before you rent to own furniture online
Renting furniture can be an amazing way to furnish your room space. When considering rent to own furniture option, keeping a note of these points will help you in making good decisions:
Lease to own furniture programs are funded by third-party financial institutions.
Below are some typical prerequisites you may encounter when applying for a lease furniture contract with any of the providers:
- Age Requirement: Generally, you must be at least 18 years old to enter into a legally binding rent-to-own agreement for any furniture item.
- Proof of Identity: You will likely be required to present a valid government-issued photo ID, such as a social security number, ITIN, driver’s license, or passport, to verify your identity.
- Proof of Residence: Providing evidence of your current address, such as a utility bill or lease agreement, may be necessary.
- Income Verification: Some rent-to-own finance providers, like Progressive and Acima, may request proof of income to ensure you have the means to meet the required payments. This could involve submitting pay stubs, bank statements, or other income documentation.
- No Recent Bankruptcies or Evictions: Certain rent-to-own companies may have policies that disqualify individuals who have experienced recent bankruptcies or evictions.
- Security Deposit: Depending on the company and the specific product, you might need to pay an upfront security deposit. Typically, this deposit is refundable if you fulfill the terms of the rent-to-own agreement as specified or incorporated into your scheduled repayments.
- Payment Method: You will need a valid and acceptable payment method, such as a checking account, credit card, or debit card, to facilitate periodic payments.
- Credit Check (Varies): While one of the advantages of rent-to-own furniture programs is often the absence of a credit check, some companies may still choose to review your credit history, which could be either a soft check or a hard pull.
- Understanding the Terms: It is essential to thoroughly review and comprehend the terms and conditions of the rent-to-own agreement before signing. Ensure that you are fully aware of the total cost, payment schedule, and any additional fees or penalties associated with the arrangement.
The 90-day early purchase option can save you more than 100% of rental cost
Rent-to-own furniture contracts offer different terms and payment plans, and opting for an early payoff can often save you a significant amount on the rental cost.
For example, with Acima, if you choose the 90-day early purchase option to buy the item outright, you’ll only incur an additional charge ranging from $75 to $95.
Progressive Leasing also provides similar early payoff options across all their rent to own furniture contracts.
If you fulfill the entire contract term, you could end up paying double or even more than the original cost of the furniture.
Several factors can contribute to paying a substantial amount for furniture under a rent-to-own contract, including high fees imposed by the financing provider and lengthy contract terms.
However, opting for an early payoff can lead to savings exceeding 100% of the total funds allocated for lease payments if you were to continue until the contract’s conclusion.
To help you save on rent-to-own furniture agreements, consider the following tips:
- Comparison Shopping: Given that rent-to-own companies often charge elevated interest rates, it’s essential to explore different providers and compare their rates.
- Shorter Contract Terms: Choosing a shorter contract term can result in lower monthly payments and reduced overall expenditure over the life of the contract.
- Early Payments: If your financial situation allows, making early payments on your rent to own furniture contract can effectively decrease the total amount you’ll pay.
- Consider Alternatives: If you find the terms of the lease to own contract unsatisfactory, don’t hesitate to walk away. There are alternative ways to finance furniture, such as securing a traditional loan or utilizing buy-now-pay-later services.
By applying these strategies, you can make more informed choices and potentially mitigate the high costs associated with rent-to-own furniture contracts.
Opting for rent to own furniture can be a convenient alternative if you do not have the upfront funds to purchase the item outright but try to pay off the contract very early to save on rental costs. If you can, utilize the 90-day option.
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