Acima Leasing is a lease-to-own service offering a flexible alternative to traditional financing. It allows customers to lease products such as electronics, furniture, and appliances without the need for credit checks. Customers make affordable lease renewal payments, and upon fulfilling the lease agreement, they gain ownership of the product. This service is especially useful for individuals who want to avoid credit checks or lack available credit.

Applying for Acima Leasing is straightforward. You can submit an application via the Acima Leasing app or on their website. The process requires basic information such as your social security number, phone number, income details, and checking account information. Once approved, you can start shopping immediately at any partner retailer. The approval process is quick, with decisions provided within minutes.

To qualify for Acima Leasing, applicants must be at least 18 years old with a steady income. They must have an active checking account with a minimum 90-day history and a monthly income of at least $1,000. The service is only available in select states, so it’s important to verify if your location is supported before applying.

Although Acima Leasing offers a no-credit-needed leasing option, there are certain fees involved. These can include lease renewal payments and a buyout fee if the customer chooses to purchase the leased item. It’s essential to review the lease agreement thoroughly to understand all potential charges. The app provides clear terms, but reading the fine print helps prevent unexpected costs.

The buyout option allows customers to own the leased product by making a lump sum payment after a specified period. Typically, there are two options: an early buyout at a discounted rate within the first 90 days, and a standard buyout after that period. This flexibility helps customers manage their finances while working towards ownership of high-value items.