Rent to own electronics sites enable you to lease products and pay back in bits on a weekly or monthly basis with no hard pull credit check or upfront costs.
Renting electronics brings some comfort especially when you do not have enough funds to buy the item at a go. And the option to own it means that the product can become yours at the end of the lease period.
The good thing is that many of these providers support an early purchase option and if you can, try to utilize this and close out the contract in 90 days to save on rental costs.
Best Rent to Own Electronic Sites
Here below are the best platforms where you can lease to own electronic items:
TOP 3 PICKS
Amazon Monthly
- You can access Amazon Monthly if you shop regularly on the platform at no extra cost to you
- No credit check is required at all as it relies on your shopping history
- A diverse inventory featuring a wide range of electronic products and related equipment.
- Interest-free for up to 120 days
Abunda
- An extensive array of products is available for lease
- Unlock a generous credit limit of up to $4,000.
- Simply select Acima as your preferred payment option during checkout
- No need to worry about credit history check
- You can also opt for Klarna and PayPal Pay in 4
- A swift delivery in as little as 3 days
- Take advantage of the 90-day early purchase option for added flexibility
Best Buy
- An extensive and varied product lineup awaits you.
- Secure credit approval for up to $2,500.
- Opt for Progressive at checkout to rent-to-own lawn mowers.
- Consider obtaining their store credit card for potential cashback benefits.
Amazon
How
Through Abunda
Tip: Amazon has its monthly payment plans for eligible customers who shop regularly or you opt for Abunda and lease to own with Acima.
POPULAR CATEGORIES
Appliance
From $9/mo
Television
From $12/mo
Laptops
From $15/mo
Have you ever found a product on Amazon but could not buy it because you were short on a budget? If that has happened to you, then you will be happy to know that you can rent to own electronics seen on Amazon.
Amazon does not directly support the renting of products and because of that, you will opt for alternate gateways that make this possible.
This is doable through Abunda, a shopping platform that allows one to take any Amazon product and have it on a rental plan.
This platform maintains a virtual inventory with its products aggregated from the Amazon marketplace hence, buying directly on its portal is similar to buying on Amazon as the item will be shipped from Amazon once your order is approved.
There is one interesting feature when you are using Abunda to shop, through its get any item feature, you can get an Amazon product link and paste that into its search field. This product will be fetched from Amazon to Abunda and you will be able to rent the item.
To rent to own electronics on Amazon through Abunda, you will have to choose the Acima option when you want to complete the order.
Acima is the leasing provider and as such, you will need to log in to create an account if you do not have one on the spot to apply for this. Your item will be ordered and delivered to you once your application is approved.
As an alternative to going through Abunda, you can use its monthly payment service that allows long-term financing for some products which could even be cheaper compared to going through third parties but note that this cannot exceed six months.
Abunda
How
Acima
Tip: Abunda is a shopping portal with virtual inventory that allows you to buy an item from Amazon and pay later
POPULAR CATEGORIES
Appliance
From $9/mo
Television
From $12/mo
Laptops
From $15/mo
Abunda is one of the interesting online stores you can rent to own electronics by connecting you through Acima.
This provider maintains an interesting model as its inventory is more virtual with all its displayed products being that of Amazon.
What that means is that it acts as a bridge you can utilize to lease any Amazon product and conveniently pay back at the end of your payment period which gives you a good opportunity to own it.
Though it has different payment partners like Klarna, ViaBill, and PayPal, the only rent-to-own partner it has is Acima Leasing hence, you will also need to have an Acima account to be able to get an Amazon product on a lease term through Abunda.
Just so you know, this platform also allows you to buy on Amazon on a payment plan using your Paypal account, likewise using that of ViaBill and Klarna.
Best Buy
How
Acima, Progressive
Tip: You can lease to own electronics on Best Buy through Progressive and Acima Leasing.
POPULAR CATEGORIES
Television
From $17/mo
Best Buy is one of the online stores that allow you to rent to own electronics on its platform through its leasing partner.
The brand is known for its wide collection of consumer electronics hence, a good choice worth considering when you want to lease electronic items with an opportunity to own them later.
Directly, you can get electronics from Best Buy on a lease-to-own term when you select Progressive Leasing as the option when you are on the payment page.
Alternatively, you can opt for Acima but unlike Progressive which is directly available on Best Buy, you will have to have to download the Acima app as the option to lease on Best Buy is through its marketplace.
Best Buy is one brand that a lot of gateway providers rely on to provide rent-to-own electronics service hence, you can come across many websites that promise delivery from Best Buy on a lease basis.
LeaseVille
How
Direct
Tip: LeaseVille provides rent-to-own for electronic products through its online shopping portal with a credit limit of up to $3, 500.
LeaseVille is an online retail company specializing in lease-to-own solutions for a diverse range of products, spanning electronics, appliances, furniture, home improvement essentials, and more.
Their rent-to-own electronics program offers flexible payment options, including weekly, bi-weekly, or monthly plans, designed to suit various budgets for your convenience.
Browse through their extensive assortment of electronic items, which includes televisions, air conditioners, and more, offering a wide selection to choose from.
As a primarily online retailer, LeaseVille streamlines the ordering and application process, enabling you to conveniently explore and shop for products on their website.
Rent-A-Center
How
Direct
Tip: Rent-A-Center is an independent brand known for its wide-coverage offline rental stores.
When it comes to the rental business, this is one name that has been there for years allowing people to own items after leasing them for a long time.
Rent-A-Center is one of the best destinations to rent to own electronics and with an inventory that has products from many OEMs, you can find almost any item to lease.
Since it is independent of any lease as a service payment gateway provider, you can only access its products by visiting its web portal. This is different from Acima or Progressive which gives you the freedom to shop any merchant from their list of partners.
Though not like others, its operations are similar as it does not do any thorough credit checks to allow you to apply for a rent-to-own electronic contract and neither will it report it to the credit bureaus.
Rent-A-Center might be a bit higher in terms of the periodic repayment cost but could as well be faster when it comes to delivery as the items are from its inventory and do not rely on any third-party merchant.
PC Richard & Son
How
Acima, Progressive, Snap
Tip: PC Richard and Son allows you to lease to own electronics using any of Acima, Progressive, and Snap Finance.
PC Richard and Son is another good platform that affords you the flexibility to rent to own electronics online.
From computers to television, this is one name that has been for many years delivering amazing merchandising experience.
It provides many options when it comes to financing its product, from buy now, pay later platforms to lease to own providers. It even has its own credit card that allows up to 24 months of product financing.
With a good collection of items, there is no doubt that PC Richard and Son is one of the alternatives to consider when you want to rent to own electronics.
This platform allows leasing through Progressive, Acima, and Snap Finance which gives you a lot of options when it comes to checking out your order.
Aarons
How
Direct
Tip: Aarons maintains an independent inventory that allows you to rent to own electronics without the need for a third-party leasing account.
Aarons is one of the popular platforms that offer rent-to-own services for electronics directly on its portal.
This provider works similarly to Rent-A-Center as it maintains an inventory of products in different categories you can apply to take them on a rental term.
Since it has its own inventory, it means that you will not need a third-party lease provider when you are making the request but rather, an easier completion process that starts and ends on Aarons. However, you could be required to connect your repayment information like your credit card details.
To start using Aarons, you will have to visit its website or get the app to start applying for rent to own electronics. The app is available for Android and iOS.
Curacao
How
Acima
Tip: Curarcao, a multi-varied retailing brand allows you to lease to own electronics through Acima.
Curacao is another good option when considering the list of sites you can rent to own electronics, thanks to its wide collection.
The platform maintains different products across its varying categories which gives you an amazing freedom to shop your favourite items on a lease term.
When you talk about financing, this is one retailer that is topnotch with different options from its own credit card to other methods that will enable you to buy its product on a payment plan.
Curacao’s leasing partner is Acima and as such, you will need to select the Pay with Acima option when you are done adding items to your cart to be redirected to complete the authorization and approval.
RTBShopper
How
Direct
Tip: RTB Shopper delivers items from its inventory when you apply for its rent-to-own electronics product.
This is another platform you can consider when you want to rent to own electronic items and since it does not require you to own any third-party account to checkout, it means the application process starts and ends within its portal.
Akin to the other lease-to-own providers on this list, RBT Shopper does not perform any hard credit checks but to help it determine your spending limit, you will need to provide your social security number or ITIN.
When you provide these IDs, RBT Shopper will use any of them to perform a review of your profile through the consumer database to understand and assign purchasing power.
Rent One
How
Direct
Tip: Rent One is an independent platform allowing you to rent to own electronics to other items.
Rent One is one brand that has a very good offline presence and with its online platform, it affords you the convenience to rent its electronic products at ease.
Though well-known for its furniture, this provider also has a good collection of electronics ranging from television, and home theatres to gaming items and more that you can lease to own.
It is also an inventory-based rental business hence, you do not need another external platform to process your application to rent an electronic device from its warehouse.
If you live in Arkansas, Kentucky, Illinois, Indiana, Kansas, Oklahoma, Missouri, and Tennessee, you can even use any of its rent-to-own offline outlets which could mean faster access to the product.
Rent-2-Own
How
Direct
Tip: Rent-2-Own is another platform that operates an independent service where you can rent to own electronics.
Rent-2-Own is another lease service provider that has both online and offline presence with its physical outlets in Ohio and Kentucky across 40 locations.
If you want to rent to own electronics and live around where its physical presence is, you might want to consider R2O since store walk-in could enable you to complete the application process and get the item faster.
Nevertheless, you can still opt for the other lease-to-own providers on this list and still get the same level of experience.
Just as with others, renting products from Rent-2-Own will not be reported to the credit bureaus nor does it require any credit checking to determine your eligibility.
Things to consider before you lease to own electronics
Before deciding to rent-to-own electronics, there are several important factors to consider.
While most of the platforms on this list satisfy these important considerations, it is advisable you take note before you start the process:
Total Cost
Calculate the total cost of the item when renting to own, including all rental payments. It’s common for the total cost to be significantly higher than if you were to purchase the item outright.
Interest Rates and Fees
Check the interest rates and any additional fees associated with the rental agreement. Sometimes, these rates can be quite high, making the overall cost even more expensive.
Payment Flexibility
Understand the payment schedule and terms. Ensure that the rental payments fit comfortably within your budget.
Early Buyout Option
Find out if there’s an option to purchase the item early. This can be a good way to reduce the total cost if you can pay off the balance sooner.
Warranty and Repairs
Inquire about warranties and repair options. Determine who is responsible for repairs or replacements if the electronics develop issues.
Return Policies
Ensure you can make your rental payments consistently. Falling behind on payments could result in the termination of the agreement and the loss of any equity you’ve built toward ownership.
Payment Methods
Understand the return policies and conditions. Some rental agreements may allow you to return the item without penalties, while others may have strict return requirements.
Credit Check
Check if a credit check is required. Some rent-to-own agreements may not require a credit check, which can be advantageous if you have a poor credit history.
Alternative Financing
Explore alternative financing options, such as using a buy now pay later platform, credit card, or personal loan, as they might offer better terms and lower costs.
Compare Prices
Compare the total cost of renting to own with the cost of purchasing the item through other means, like buying it outright or using traditional financing.
Need vs. Want
Assess whether you truly need the electronics or if it’s more of a want. Renting to own is often more expensive, so it’s essential to consider if the purchase is justified.
Duration of Need
Consider how long you’ll need the electronics. If it’s a short-term need before you pay it off, renting to own might make more sense as you will not pay much more than a long-term commitment.
Read the Agreement
Carefully read and understand the rental agreement, including all terms and conditions. Be aware of late fees, penalties, and any other stipulations.
Customer Reviews and Reputation
Research the company offering the rent-to-own service. Check for customer reviews and their reputation for fair and transparent dealings.
By considering these factors and doing your due diligence, you can make an informed decision about whether renting to own electronics is the right choice for your needs and budget.
When it comes to financing, there are many methods these days like some platforms allowing you to spread payment through their virtual card offerings.
But since most BNPL platforms work based on a pay-in-4 model, it might not be the right choice for you if you are on a tight budget and do not see yourself being able to pay back within six to eight weeks.
An alternative for you to get that item and keep it for a long time until it becomes yours is by shopping through rent-to-own electronic stores that do not require good credit to give you what you need.
However, you should read the terms and understand the weekly/monthly cost before accepting an offer from any of the rental service platforms.
Since they could be high in cost, commit to an early purchase option and save a lot on rental costs.
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