How to Choose a Lease-to-Own Company in Spencer, IA
When comparing lease-to-own companies in Spencer, IA, there are a few key factors to think about, including how the lease-to-own process works, the types of products you can lease, the stores you can shop at, and the eligibility requirements. We’ll dive deeper into what each factor looks like at Acima Leasing in Spencer and Snap Finance so you know which company is your best fit.
How Does Lease-to-Own in Spencer, IA Work?
How does Snap Finance work? Or Acima Leasing? Most lease-to-own companies in Spencer, IA follow similar models. To start, you choose an approved retailer in Spencer and shop in person or online. Then, you fill out an application. Snap Finance offers approvals from $150 to $5,000, and Acima Leasing offers $300 to $5,000 in shopping power.
You get approved, shop for the eligible products you want to get, and Acima Leasing in Spencer, IA or Snap Finance will complete the purchase on your behalf. You'll pick a payment plan that works for you and may be asked to make a first payment. All you need to do is continue making payments until you own the item(s). It's that easy!
Spencer, IA Product Selections: Acima Leasing vs. Snap Finance
Acima Leasing's and Snap Finance's approved retailers determine which items you can shop for in Spencer, IA. Typically, eligible products include furniture, jewelry, tires, mattresses, appliances, and electronics. You cannot lease consumable goods, anything permanently attached to a car or home, services, and clothing. You can visit each company’s website for a more detailed list of qualifying products.
Spencer, IA Snap Finance Stores vs. Acima Leasing
Who accepts Snap Finance or Acima Leasing? You can apply for Snap Finance at thousands of online and brick-and-mortar stores. These stores might include small businesses in Spencer, IA and big names like Mattress Land, Pier 1 Imports, and Big O Tires. Before you start shopping, verify which retailers near you are approved.
Acima Leasing partners with more than 15,000 retailers online and in person. Choices include local business in Spencer and national brands you trust, including Asus, Purple, and Frigidaire. View our list of approved online retailers, or find Spencer, IA stores near you.
What Are the Requirements for Acima Leasing vs. Snap Finance in Spencer, IA?
For shoppers in Spencer, IA with less-than-perfect credit, both Snap Finance and Amica Leasing provide the opportunity to get the items they need. Each company weighs multiple data points during application review. But application and eligibility criteria differ slightly between companies.
Snap Finance requires you to be old enough to legally enter into a contract in Spencer, IA. You also need a steady monthly income of $750 to $1,000 (depending on your desired product) in an active checking account. Finally, you will need to provide a smartphone number and email address.
For Acima Leasing in Spencer, IA, you will also need an active checking account with at least $750 in monthly income. Additionally, you must have 3 months of history with your current source of income, be at least 18 years old, and provide a social security number or Individual Taxpayer Identification Number (ITIN) and government-issued identification.
Acima Leasing or Snap Finance in Spencer, IA, the Choice Is Yours
Snap Finance and Acima Leasing can greatly benefit shoppers like you in Spencer, IA. Choose the lease-to-own company that works best for you based on eligible stores, application process, and qualification requirements. Is Acma Leasing right for you? Read our customer reviews online and download the app. You could be a simple application away from the spending power you need.