How easy is it to apply?
Very easy! Online applications only require basic information and you can receive an approval in seconds.
How much will I be approved for?
Depending on your credit, we approve up to $5,000
Do I need to use all of the approval I’m given?
No, you can use from $500 up to the full amount of credit you were approved for.
What is the interest rate?
Leases are not the same as loans and do not have an interest rate. Please read the leasing agreement carefully to understand the monthly payments, length of term, residual value and total of payments.
What is residual value?
The purchase price at the end of the lease if the lessee wishes to keep the property.
What is a disposition fee?
A final fee payable at the end of the lease if the lessee does not purchase the property.
What type of financing is this?
Closed end consumer lease purchase.
How long is the lease period?
It varies between 12 and 24 months depending on the amount financed.
What’s the difference between a closed end consumer lease purchase and a loan?
A loan is the borrowing of money while a close end consumer lease purchase is a term rental agreement for the use of the specific property with the option to purchase at the end of the lease term.
Am I locked into the full length of the term?
No. You can buy out of the lease agreement at any time. The earlier you buy out, the more you save.
What information do I need to apply?
Open/Active checking or savings account
Government issued photo ID
Social security number
Phone number & Address
How often are payments due?
Payments are due on a monthly basis.
When does ownership transfer on the property that I am leasing?
Ownership transfers upon successful completion of the closed end consumer lease and payment of the residual value.
When is my first payment due?
At the time of purchase.