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Join thousands of users who trust Meedsy to find, compare, and understand every contract of the top lease-to-own services.
Join thousands of users who trust Meedsy to find, compare, and understand every contract of the top lease-to-own services.
Top Lease-to-Own Services and Features
Acima
Max: $5,000
Early Buyout: 90 Days*
Lease Plan: Up to 12mth
Min Order: $300
Downpayment: Up to $70
Good for: Personal
This is one of the popular lease-to-own service providers with several retailers accepting it online and when you visit their physical outlets.
Interestingly, you can use Acima on Amazon, Best Buy, and other top shopping platforms for financing your purchases through its virtual card or the in-app functionality.
Its payment plan can be used for lease-to-own financing for up to 12 months and it has a 90-day early buyout option that will enable you to avoid any interest if paid in full within the first 90 days.
PayTomorrow
Max: $15,000
Early Buyout: 90 Days
Lease Plan: Up to 48mth
Min Order: $59
Downpayment: Up to $59
Good for: Personal, Business
PayTomorrow has two financing options, a lease-to-own and a loan-based payment plan.
When using it to purchase products through a lease contract, you will have access to three plans including the No Credit, Classic, and Prime. Each has corresponding limits of $5,000, $6,500, and $15,000 respectively.
With the high funds, you can use it for business items financing in addition to utilizing it for personal purchases.
You can avoid paying so much on lease costs through its 90-day early buyout which will charge you just $50 in fee in addition to the exact price of the product leased.
Progressive
Max: $4,000
Early Buyout: 90 Days*
Lease Plan: Up to 12mth
Min Order: $250
Downpayment: Up to $59
Good for: Personal
Progressive is another well-known provider of lease-to-own services with a huge presence across several retail platforms including Best Buy, Straight Talk, and Lowe’s.
The platform grants up to $4,000 that can be used for a payment plan of up to 12 months.
In terms of its early buyout, it offers 90-day same-as-cash (original product price) to residents of CA but if you live outside the state, you will pay an extra $59.
Snap
Max: $5,000
Early Buyout: 100 Days
Lease Plan: Up to 24mth
Min Order: $150
Downpayment: $39
Good for: Personal
With the first 100-day grace period to exercise its early buyout and avoid paying so much on rental costs, it has one of the best EPOs when compared to many of the lease-to-own companies.
Snap Finance can be used for long-term financing with up to 18 months in installments.
This platform requires a minimum cart value of $150 to use the option at most of its partners.
Katapult
Max: $3,500
Early Buyout: 90 Days
Lease Plan: Up to 18mth
Min Order: $300
Downpayment: $45
Good for: Personal
This option also has a good network of retail partners where you can use it and through its alternate channels like the virtual card and browser extension, you will be able to use Katapult on Amazon, Walmart, Target, and more for lease financing.
Apart from CA users that have a same-as-cash early buyout option within the first 90 days, you may pay as much as the price of the product in addition to at least 5% of it to close the contract through its EPO.
At some merchants that accept Affirm for buy now pay later purchases, you may be able to access Katapult as it is sometimes offered as a fallback when declined for Affirm financing.
Clicklease
Max: $25,000
Early Buyout: 90 Days*
Lease Plan: Up to 60mth
Min Order: $500
Downpayment: $79 – $399
Good for: Business
Clicklease focuses on entrepreneurs and allows them to finance the equipment needed for business operations.
It grants a very high credit that can be utilized for lease-to-own financing with an option to spread the payments for up to 60 months.
While it has a 90-day early buyout option, the way that works is quite different from others because your previous installments do not count towards its EPO.
In essence, the total cost for full ownership within the first 90 days is the original price of the equipment and all your previous payments.
While it may be expensive compared to others, using the 90-day EPO is better than waiting until after this period because you will be required to pay an extra amount equal to two installments in addition to previous payments and the price of the equipment after that.
SmartPay
Max: $2,000
Early Buyout: 90 Days*
Lease Plan: Up to 24mth
Downpayment: Up to 25% of price
Good for: Personal
SmartPay enables lease-to-own financing for cell phones at well-known telecommunication retailers like Metro By T-Mobile, Straight Talk, and other similar outlets.
It has varying plans depending on the value of your cart which ranges from 6 months to up to a maximum of 24 months.
The downpayment is also dependent on how much is the worth of the device being bought and it can be from 0 to as high as 22.4% of the item’s price.
Its early buyout is also within the first 90 days but instead of same-as-cash, you will pay the original price of the cell phone and up to 20% of the item’s cost.
Koalafi
Max: $7,500
Early Buyout: 90 Days
Lease Plan: Up to 12mth
Downpayment: $49
Good for: Personal
This option is popular for its buy now pay later that requires no down payment when being used for lease-to-own financing at many of its retailers.
But note that you might need to keep your connected payment method sufficient to handle the initial installment once your order ships.
Its early buyout option is within the first 90 days and will cost you an extra $49 in addition to the price of the product to close the contract at this stage.
Credova
Max: $10,000
Early Buyout: 30 Days
Lease Plan: Up to 60mth*
Downpayment: 0
Good for: Personal
Credova has a good presence on several adventure retailing websites and outdoor recreation merchants.
It is an interesting option considering the platform has both a Pay-in-4 plan as well as a lease-to-own alternative that you can utilize at checkout.
The pay in 4 installments can be used to spread the cost of purchases up to six weeks with its lease-to-own going as long as 24 – 60 months.
It offers the 30-day Satisfaction Guarantee Buyout, which is its EPO equivalence and requires completing the full payments within the first 30 days to avoid extra charges.
American First Finance
Max: $5,000
Early Buyout: 101 Days
Lease Plan: Up to 12mth
Downpayment: Up to $100
Good for: Personal
AFF as it is fondly termed is another popular financing provider operating on a lease-to-own model.
It has a wide coverage both online and offline, including at popular retailers like PayPair, TireAgent, and Conn’s HomePlus.
American First Finance has an early buyout window between the first 90 to 101 days and if you are able to make the payment, you will only pay an extra 12% on the cash price.
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