Financing

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Snap Financing $10 down! 100 days interest free

LEASE TO OWN.

Acima financing

  • Acima is an alternative way to shop for the name-brand items you want, at the stores you want, without paying cash or relying on credit. After completing an easy application process, you’ll receive an instant approval decision. If approved, begin a lease agreement that will allow you to get your merchandise right away for a low initial payment, then make rental payments until you obtain ownership.

  • Snap Finance LLC is a digital finance company that specializes in assisting its affiliates and financing partners in providing consumer lease-to-own and loan financing options. Founded in 2012, Snap provides these services via e-commerce, brick-and-mortar merchants, and directly to consumers through snapfinance.com. Snap is a technology and data-driven company, dedicated to delivering simple and easy access to our financial products.

  • In a credit transaction, a financial institution extends funds to you or to another on your behalf, which you can then use for a purchase. If you make a purchase on credit, you borrow the money and then make payments back to the creditor, which include finance charges such as interest.

    On the other hand, when you enter into a lease agreement, you agree to lease merchandise from Acima. Acima then purchases the merchandise you select from a participating merchant. We don’t extend funds to you or on your behalf. You make lease renewal payments to Acima while using the merchandise, and you can use a purchase option to own the property, or terminate the lease at any time, without penalty. There is no interest, but you make lease payments based on the value of the merchandise and the cost of lease services. Acquiring ownership by leasing costs more than the retailer's cash price.

  • While we may receive your consumer report and credit score, we look at multiple data points in order to make a final decision, and we regularly approve customers who have less than perfect credit history. All you need to do to get started is provide some personal information, banking account numbers, and meet some basic income requirements.

  • • Be 18 years old or older

    • Have an active checking account with at least $750 of income per month

    • Have at least three months of income history with your current source of income

    • Have a government-issued photo ID, and a social security number or Individual Taxpayer Identification Number (ITIN)

    If you’ve got all those things, great! Fill out the application and we’ll let you know within seconds if you’re approved!

  • Nope! It's free to apply.

  • You can be approved for eligible items valued at $300 to $4,000.

  • Your credit score with the national credit reporting agencies (TransUnion, Experian, and Equifax) should not be impacted by applying for a lease. Our application process, however, does include a review of your consumer report, and depending on the consumer reporting agency, the inquiry may appear on your consumer report. Acima and Snap uses a soft pull when it accesses your consumer report from any of the national credit reporting agencies (TransUnion, Experian, and Equifax).

FAQ

  • We may receive your credit score as part of our review of your consumer report. However, we don’t base our approval decision on just your credit score in isolation. We use proprietary technology to look at the bigger picture, and we approve many customers who have less than perfect credit history.

  • A “soft” pull of your consumer report is an option available from the national consumer reporting agencies (TransUnion, Experian, and Equifax). On a “soft” pull, the inquiry from Acima is only visible to you personally, and only if you request a copy of the consumer report from one of the national consumer reporting agencies. This is important because other users of your consumer report may consider inquiries as a negative factor in creating a credit score or in making a decision based on your consumer report.

    Secondary consumer reporting agencies do not provide this same “soft” pull option, and our review of your consumer report from these agencies may be shown as an inquiry. However, these inquiries should not negatively impact your consumer report or credit score at the national consumer reporting agencies.

  • Once you’re approved for a lease, the approval lasts for 45 days! If you don’t use it in that timeframe, the approval simply expires.

  • The period to ownership varies based on the item(s) you choose. If you elect to make all renewal payments you will own the merchandise in 12, 18, or 24 months, based on the lease agreement you are offered.

    You also have the option to obtain ownership early. When you’re ready, you can end the lease with early purchase options described in your agreement. These options allow you to save significantly compared to the total cost of the lease. When you choose to own is up to you!

  • You can purchase the merchandise at any time after you receive it. Acima offers a 90-day early purchase option, which begins on the date you receive your merchandise and expires 90 days later. This option lets you purchase the merchandise for the Acima Cash Price and a small purchase fee, which varies state-to-state, but is typically $25. The Acima Cash Price includes a markup over the merchant invoice price.

    After the 90 days (3 months), you can purchase the merchandise by paying a lump sum percentage amount of whatever your remaining total lease amount is at that time. The percentage varies by state but is generally 65% of your remaining total lease amount. This lets you purchase the property before the end of the 12, 18, or 24 months of lease renewal payments at a discount.

    You can also elect to make all lease renewal payments for your merchandise and you will own the merchandise! Please keep in mind that failed or late payments may accrue fees, so see your lease agreement for a full breakdown of fees. If you elect not to purchase the merchandise through one of these options, you may terminate the lease at any time without penalty.

    You are not automatically enrolled in an early purchase option at lease inception. To purchase early or exercise a 90-day purchase option, call or chat with our helpful customer service department.

  • Most accounts are set up on easy, automatic payments corresponding to your paydays. Our options include

    • Full-Term Plan (default)

    • Best choice for affordable payments

    • You make regular payments until the end of the 12-18- month maximum term. This is the standard program unless you exercise an early payment option.

    • 100-Day Option

    • Best option for lowest total cost

    • You make payments equal to any applicable processing fee, the cash price, plus tax, and any associated minimum loan or lease cost associated fees, within the first 100 days.

    • Early Payoff Option

    • Best option for flexibility

    • You pay the remainder of your agreement anytime after 101 days and receive a discount on your remaining payments.

  • Your renewal payments are based on the value of the merchandise you select and the cost of lease services. Once you pick out the merchandise, we will create a lease agreement based on the value of the leasable items. You can review your renewal payment amounts and renewal frequency prior to signing the lease agreement.

Have more questions?

Don't hesitate to get in touch with our team – we're here to assist you!