What Does Lease to Own Mean for Jewelry and Diamond Rings?
Many people think negatively when they hear the term ‘lease-to-own’ and consider it something to avoid. Often, the problem is a general lack of understanding about lease-to-own programs and how they work.
A lease is a contract between a customer and a leasing company that allows the customer to “rent” an item for a specified period of time. At the end of the contract or an early payoff, after making all of the required payments, the customer will own the merchandise.
There are many reasons for choosing a lease purchase program over traditional financing. One appealing aspect of a lease is that you do not need a good credit score to use the service. Many people don’t qualify for traditional lending options due to credit struggles. The requirements for leasing are often less stringent and allow customers to get the things they need without having a large sum of money on hand. They can pay off the lease early for additional savings or make small payments over the course of the lease.
Other benefits include:
As leaders in the industry, Progressive has worked hard to provide a program that satisfies merchants and customers. When you sign a lease-to-own contract with Progressive, you will be able to take home or delivery of the items you need today.
If you have any other questions about lease-to-own, please call customer support at 877-855-2663.