Lease to own

Get what you need now with weekly or monthly payments, without a strong credit history. It costs more than paying cash, so compare providers and see the real total before you sign.

Compare providers Shop by what you need

How lease to own works

  1. Step 1 Apply Approval is based on income and bank history, not just credit
  2. Step 2 First payment You take the item home after a small first payment
  3. Step 3 Pay over time Weekly, every 2 weeks or monthly, for up to a year or more
  4. Step 4 Own it After the last payment, or earlier with an early buyout

Paying early is the biggest saving. Many providers offer a lower price if you buy out within the first 90 days or so.

Is it right for you?

Good for

  • Getting an essential item when credit options say no
  • Plans with a clear early buyout you can actually use
  • Short needs where you may return the item instead of owning it

Watch out for

  • The total can be close to double the cash price if you pay to the end
  • You do not own the item until the last payment or buyout
  • Fees for processing, late payments or delivery add to the cost

What are you buying?

See which stores let you lease to own for what you need.

Compare lease-to-own providers

Key terms first. Listed A to Z, never by who pays us.

Terms are checked on each provider’s own website and updated when they change. Your offer depends on your credit and the store, so confirm before you accept.

  • Acima

    Personal

    Approval
    $300 to $5,000
    Credit check
    Soft pull
    Cost
    About 2x cash price

    Acima lets you lease furniture, tires, electronics, jewelry and more without perfect credit, and own them after your last payment or sooner.

    Paying every renewal payment costs about double the cash price. Use the early purchase option if you can.

    91 stores for Acima

  • American First Finance

    Personal

    Approval
    $300 to $5,000
    Credit check
    Soft and hard
    Cost
    Up to 2x cash price or more

    American First Finance (AFF) lets you lease furniture, mattresses, appliances, tires and more with no credit score needed, and own them after up to 24 months or sooner.

    A lease is not a loan. Paying every payment can cost more than double the cash price.

    77 stores for American First Finance

  • EasyPay Finance

    Personal

    Approval
    $350 to $5,000
    Credit check
    Soft check
    Cost
    More than cash price

    Pay in full within 90 days and finance charges are capped at $40.

    The 90-day option is not interest-free: if you miss it, you owe all the finance charges.

    Guide for EasyPay Finance

  • Kafene

    Personal

    Approval
    Up to $5,000
    Credit check
    No score impact
    Cost
    More than cash price

    Kafene lets you lease furniture, mattresses, tires and more with payments on your paydays, and own the item after your last payment or sooner.

    Paying the full lease costs more than the cash price. Pay off within 90 days if you can.

    99 stores for Kafene

  • Katapult

    Personal

    Approval
    Up to $5,000
    Credit check
    No hard inquiry
    Cost
    More than cash price

    Katapult lets you lease electronics, furniture, mattresses, appliances and more with no traditional credit check, and own them after 12 to 18 months or sooner.

    Paying the full lease term costs more than the cash price. Buy within 3 months if you can.

    128 stores for Katapult

  • Koalafi

    Personal

    Approval
    Up to $7,500
    Credit check
    Alternative bureaus
    Cost
    More than cash price

    Koalafi (formerly West Creek) lets you lease furniture, mattresses, tires and appliances and own them after 12 to 24 months or sooner.

    Koalafi signing is a hard credit inquiry, and payments are reported to TransUnion.

    216 stores for Koalafi

  • Okinus

    Personal

    Approval
    Up to $8,000
    Credit check
    Yes
    Cost
    More than cash price

    Okinus offers lease-purchase at furniture, mattress and appliance stores, with approvals up to $8,000.

    The total cost is higher than the cash price. Ask about early purchase options.

    13 stores for Okinus

  • PayTomorrow

    Personal

    Approval
    Up to $20,000
    Credit check
    Soft to see offers
    Cost
    0% to 16% APR or lease cost

    PayTomorrow checks your credit once and offers a loan if your credit is good, or a lease-to-own plan if it isn't.

    Most offers start as a lease, so you don't own the item until the lease and loan payments are done.

    43 stores for PayTomorrow

  • Progressive Leasing

    Personal

    Approval
    Varies
    Credit check
    No credit needed
    Cost
    More than cash price

    Progressive Leasing lets you lease furniture, mattresses, electronics, appliances, jewelry and tires with no credit needed, and own them after 12 months or sooner.

    Paying for all 12 months costs much more than the cash price. Use the 90-day purchase option if you can.

    78 stores for Progressive Leasing

  • SmartPay

    Phones

    Approval
    Varies
    Credit check
    Only if you ask
    Cost
    More than cash price

    Lease-to-own for smartphones at Metro by T-Mobile, Straight Talk and other prepaid carriers.

    Paying to the end costs more than the phone's cash price.

    Review for SmartPay

  • Snap Finance

    Personal

    Approval
    $300 to $5,000
    Credit check
    Yes
    Cost
    More than cash price

    Snap Finance lets you lease furniture, tires, mattresses, jewelry and more and pay on your paydays, then own the item after your last payment or sooner.

    The full-term plan is the most expensive way to own the item. Pay early if you can.

    64 stores for Snap Finance

What will it really cost?

Put in the numbers from a lease offer and see the total next to the cash price.

What the store charges if you pay today.
Initial payment or processing fee. 0 if none.
Cash price$500.00
Total you'll pay$912.00
Extra cost$412.00
82% more than the cash price

Paid over about 24 months. Some lease-to-own plans let you buy early for less, often within the first 90 days. Check your agreement.

Guides

Questions people ask

How is lease to own different from pay later?

With pay later you own the item at checkout and repay a loan or split payment. With lease to own you rent the item and only own it after the last payment or an early buyout. That is why it is easier to get, and why it costs more.

What is an early buyout?

It lets you pay off the lease sooner for less than the full lease cost. Many providers give a lower price within the first 90 days or so. After that window, buying out usually costs more. Check the exact terms in your agreement.

Do I need good credit?

Usually not. Providers often look at income, your bank account and payment history instead of your credit score. No credit needed does not mean low cost, so check the total before you sign.

Can I return the item?

Many lease agreements let you return the item and stop future payments, but you do not get back what you already paid. Rules differ by provider and state, so read the agreement first.

Also compare Pay later If you can get approved, pay later usually costs much less than leasing.

Meedsy is not a lender or a leasing company and does not make credit decisions. Some links are affiliate links, and we may earn a commission if you apply or buy through them. That never changes how we list options. How we make money