What to Look for in Memphis, TN Lease-to-Own Companies
When picking a lease-to-own company in Memphis, TN, there are several factors to consider, 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 take a closer look at each of these factors at Acima Leasing and Snap Finance in Memphis so you can find the right company for you.
Snap Finance in Memphis, TN vs. Acima Leasing: How They Work
How does Snap Finance work? Or Acima Leasing? Most lease-to-own companies in Memphis, TN follow similar models. You shop at an approved Memphis retailer online or in person and submit an application. With Snap Finance, you can be approved for $150 to $5,000. With Acima Leasing, you could get $300 to $5,000 in shopping power.
If you're approved, select the eligible products you want, and Snap Finance or Acima Leasing in Memphis, TN will make the purchase on your behalf. You’ll select a payment plan and complete an initial payment. Continue making payments until you own the product(s) outright — it’s that simple!
What Products Can You Shop for With Acima Leasing vs. Snap Finance in Memphis, TN?
The items you can shop for vary based on which Memphis, TN retailers are approved by Snap Finance or Acima Leasing. As a general rule of thumb, these items include jewelry, electronics, furniture, mattresses, tires, and appliances. Prohibited products include services, anything permanently attached to a home or car, clothing, and consumable goods. Check each company's website ahead of time to see what items you're allowed to shop for.
Memphis, TN and Online Stores Accepting Acima Leasing and Snap Finance
Where can you shop with Acima Leasing or Snap Finance? Snap Finance is available at thousands of online and in-store retailers. You may be able to choose from local retailers in Memphis, TN as well as major brands like Big O Tires, Mattress Land, and Pier 1 Imports. Confirm your favorite retailer is a Snap Finance partner before shopping.
Acima Leasing partners with more than 15,000 retailers online and in person. Choose from small businesses in Memphis and national brands you trust, including Asus, Purple, and Frigidaire. Start shopping at one of our approved online retailers or in person at a store near you in Memphis, TN.
Acima Leasing vs. Snap Finance Application and Requirements in Memphis, TN
Snap Finance and Acima Leasing both want to help shoppers in Memphis TN get the items they need — even if they don't have perfect credit. Each company weighs multiple data points when reviewing applications and deciding spending power. Yet, each has its own set of application and eligibility criteria.
Regarding age requirements, you must be old enough to legally enter into a contract to apply for Snap Finance in Memphis, TN. You will also need an active checking account with a steady monthly income of $750 to $1000, depending on the type of product you’re interested in. Lastly, a smartphone number and email address must be provided.
For Acima Leasing in Memphis, TN, you will also need an active checking account with at least $750 in monthly income. Additionally, you need to be 18 years or older, provide a government-issued ID and a Social Security number or ITIN (Individual Taxpayer Identification Number), and have a 3-month history with your current source of income.
Looking for Companies Like Snap Finance in Memphis, TN? Try Acima Leasing
Acima Leasing and Snap Finance have a lot to offer shoppers in Memphis, TN. Select the lease-to-own company that aligns with your needs, considering the stores they partner with, lease-to-own process, and qualification requirements. Is Acma Leasing right for you? Read our customer reviews online and download the app. A simple application could put the items you need in your hands today.