https://savefi.com
The Rise of Rent-to-Own: A New Era in Online Shopping
Savefi’s Noteworthy Takeaways
- Rent-to-Own Online stores offer a solution, providing a flexible and easy way to lease-to-own items like furniture, electronics, appliances, and other popular brand-name goods with affordable weekly payments.
- These platforms are accessible to most people with an ongoing income, regardless of their credit status.
- Some Rent-to-Own Online stores offer an additional benefit: they can turn your rental into a Credit Repair program, helping you improve your credit score while you shop.
No credit needed. Flexible lease options. No commitment.
- No debt or obligation
- Flexible lease options
- No down payment required
- Wide selection of brand-name products
- BBB A+ RATED BUSINESS
Fast and easy application process
- No FICO score requirement
- Transparent pricing with no hidden fees
- Option to pay over six months
- No impact on credit score upon application
- Adaptable payment plans
Option to purchase leased items within 90 days to save
- Flexible payment options
- No down payment required
- Approval in 5 seconds
- Up to $3500 of purchasing power
- Katapult Pay virtual card
- Transparent plans. No credit required, no late fees, no surprises.
Shop and build credit with Perpay
- Pay over time with your paycheck
- Helps to achieve financial stability
- Earn 2% rewards to shop the Perpay marketplace
- Swipe the Perpay Credit Card anywhere Mastercard is accepted
Online shopping has been a game-changer, offering convenience, variety, and competitive pricing. However, it’s also been a double-edged sword for the traditional brick-and-mortar retail industry, cutting into their profits. More importantly, it’s created a divide among consumers. For those who don’t have enough money to shop online, the digital shopping revolution has been more of a challenge than a convenience.
Enter the rent-to-own sector. This innovative approach allows customers to shop online and pay over time, making online shopping accessible to a broader demographic. Many rent-to-own solutions have emerged, but our top five stand out for their ease of use and customer-friendly terms.
These platforms allow users to apply online in minutes and get approved in seconds for a spending limit ranging from $1000 to $5000. These stores offer a wide range of products, from electronics and furniture to appliances and more, catering to diverse consumer needs. The rent-to-own model is not just about making products accessible; it’s about providing choices.
Best Lease-to-Own Companies Reviews
Summary: Leaseville provides a no-debt, no-obligation lease-to-own model with various flexible options. With approval based on income and banking information, it offers accessibility to consumers with all credit ranges.
- No credit needed
- Instant approval
- Early payoff options
- Approval subject to verification
- Limited return policy compared to traditional retailers
- Down payment required
- No
- Affects your credit score
- No
- Spending limit
- $2500
- Interest Fees and obligations
- No
Summary: Perpay enables shoppers to purchase a variety of products and pay over time using their paycheck. With no interest or fees, users can shop top brands in electronics, home goods, apparel, and more. Automatic payments from paychecks aid in building a positive credit history.
- No interest, fees or late payment fees
- Automatic payments from paychecks
- Helps build credit history
- Failure to make timely payments may affect credit score negatively
- Must pay through automatic deductions from your paycheck
- Affects your credit score
- Yes
- Spending limit
- $1000+
- Interest Fees and obligations
- No
Summary: Katapult offers a hassle-free shopping experience, allowing users to lease-purchase products with easy checkout options. With quick approval and flexible payment plans, Katapult empowers customers to shop for what they need without financial strain.
- Quick approval process
- Flexible payment options
- Option to purchase leased items within 90 days to save
- Limited to lease-purchase model
- No option for returns after 90 days
- Spending limit
- $3500
- Affects your credit score
- No
Summary: Zebit offers a max spending limit of $1,500 with no FICO score requirement. With transparent pricing and no hidden fees, Zebit allows customers to shop for products over six months without impacting their credit score.
- No FICO score requirement
- Transparent pricing with no hidden fees
- Option to pay over six months
- Limited refund and return policy
- Lower spending limit compared to other platforms
- Spending limit
- $1500
- Affects your credit score
- No
Summary: Leaseville provides a no-debt, no-obligation lease-to-own model with various flexible options. With approval based on income and banking information, it offers accessibility to consumers with all credit ranges.
- Instant decision
- Easy weekly payments
- Shop from a huge online marketplace with more than 100,000 products featuring your favorite brands
- Lack of transparency with fees
- Not available in three states
- Minimum debt not disclosed
- Affects credit
- No
- Spending limit
- $2500
Other Lease-to-Own companies we considered
YuKeep
YuKeep offers a refreshing approach to purchasing products, providing customers with a myriad of choices and unparalleled flexibility. The platform's ethos revolves around ensuring that everyone has the opportunity to own their desired items without compromise. Unlike traditional options that often entail lengthy waits, exorbitant costs, or settling for less-than-ideal alternatives, YuKeep places customers firmly in control of their shopping experience. One of the standout features of YuKeep is its emphasis on giving users the freedom to set their own payments. This puts individuals squarely in the driver's seat, allowing them to tailor their payment plans to suit their unique financial circumstances.
Pogressive Leasing
Progressive Lease offers a seamless solution for those seeking to acquire their desired products without the constraints of traditional credit requirements. With a straightforward approach encapsulated in their motto, "You know what you need, we'll help you get it," Progressive Lease facilitates hassle-free lease-to-own options at your favorite stores. Their process is as simple as 1-2-3, with no credit needed, ensuring accessibility to individuals with less-than-perfect credit or limited credit history. By considering various data points including income and banking history, Progressive Lease regularly approves applicants, making the process inclusive and accommodating.