A Review of Lease-to-Own for Retailers with Acima Leasing

Lease-to-own options have surged in popularity with customers looking to shop without using credit* ; Acima Leasing fills a niche where financing falls short. As a retailer, fierce competition may be causing you to search for alternatives to financing for your customer base. The pressure to differentiate amidst a competitive landscape is driving this shift. Acima Leasing offers your business a lease-to-own solution for customers to shop for your products without financing constraints. This article reviews how Acima Leasing’s lease-to-own solution benefits retailers, aiding you in your search to determine if lease-to-own is right for you and your customers. (The answer is Yes.)

The Lease-to-Own Landscape 

Lease-to-own (LTO) consumers represent a diverse group of consumers seeking transparent and easy shopping options without relying on financing. These consumers typically want to shop but they may have been denied financing options in the past. Often full-time employees operate within fixed budgets and prioritize making payments for products they want, given the right payment options.

Life events like job loss, divorce or medical crises can lead individuals to need more flexibility in the way they shop. Lease-to-own provides an inclusive option for consumers in various situations and life stages.

Acima Leasing: The Benefits for Retailers and Customers 

Acima Leasing's LTO solution stands out by providing quick shopping power to current and future customers, while simultaneously encouraging sale growth for retail partners. Some miscategorize a lease as “financing” or a ‘personal loan.” Lease-to-own however is an alternative to financing that allows customers to shop without using credit.* The LTO solution is designed to be transparent and straightforward, which is a strong benefit for retailers eager to help their customers and enhance customer satisfaction while shopping.

Your customers relish the freedom to shop with options. Whether they’re through the Acima Leasing mobile app, website, or at an in-store retail location, giving your customers the choice to shop how they want is a win with lease-to-own.

Empowering Customers with Flexible Payment Options

Lease-to-own offers your customers a pathway to get items without relying on using credit.* Beginning with a simple application process, they provide the following three simple identification facts to apply.

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

• 3 months of income history with their current source of income 

• Government-issued photo ID and an SSN or taxpayer identification number

A key feature of a lease agreement with Acima Leasing is that the approval amount can be up to $5,000, granting significant shopping power.

During the lease agreement process, your customers have the freedom to choose payment options that align conveniently with their paydays. This flexibility empowers them to choose how they shop while enjoying their desired products, enhancing their shopping experience.

Benefits for Retailers: Enhancing Brand Visibility and Customer Engagement

Working with lease-to-own providers such as Acima Leasing offers several notable benefits for retailers. First, retailers experience increased brand visibility by being associated with the vast Acima Leasing merchant network, reaching potential customers that could benefit from lease-to-own that were not considered before. This expanded reach enables retailers to jump into new markets and customer segments, supporting business growth and revenue. Second, retailers gain visibility through Acima Leasing’s store locator and benefit from being discovered by potential customers who search the locator by the product filters. 

• Appliances 

• Electronics 

• Furniture 

• Tires & ; Auto 

• Jewelry 

• Eyewear 

• Outdoor & ; Tools 

Third, Acima Leasing offers retailers access to a customized merchant portal, facilitating the easy integration and management of lease-to-own solutions into their shopping options. This portal provides retailers with valuable insights and tools to optimize their customer traffic, due to lease-to-own enhancing operational efficiency.

Acima Leasing also offers email remarketing services to maintain top-of-mind connections with customers within its network, enhancing customer engagement and retention. By staying connected with customers throughout their shopping journey, retailers can nurture long-term relationships and grow the trajectory of their repeat business.

Supporting a Consumer-Centric Shopping Experience 

For retail businesses, working with Acima Leasing means becoming part of a network that prioritizes shopper needs. Customers enjoy the option to shop for items like furniture, tires, electronics, appliances and more with the assurance of having access to flexible payment options that work conveniently with their paydays as defined in their lease.

Enhanced Visibility and Convenience 

Acima Leasing not only equips retailers with tools to attract and retain customers, but it also fortifies the retailer’s position in the competitive retail market. Becoming a part of Acima Leasing’s network opens doors to increased foot traffic, heightened online visibility and a chance to stand out by offering a customer-friendly, alternative to finance shopping option.

With the added convenience of comprehensive reports on customer interactions via the QR codes at the point of purchase, retailers can fine-tune their marketing strategies and inventory decisions to better serve their customer base. 

Fueling Businesses Growth 

Strategic choices to work with lease-to-own providers like Acima Leasing are pivotal for retailers looking to innovate and adapt to shifting consumer behaviors. By offering a lease-to-own solution, retailers can bring their consumer-centric strategies front and center, ultimately continuing to foster deeper customer relationships and encourage repeat business. 

As the industry progresses, the relationship between retailers and lease-to-own providers like Acima Leasing will play an essential role in shaping a more inclusive shopping environment.

We hope you now understand the valuable roles lease-to-own and Acima Leasing play in retail business growth. Now is the time to connect with our team and apply today to work with Acima Leasing and take that next step forward for your business.

A Reminder: 

As you navigate online, you may encounter some amusing misspellings for the Acima Leasing brand, such as “ancima,” “acema,” “accima” or “acmia.” You’re not alone and many have stumbled upon these variations. It appears our name has a penchant for funny twists. However, you’re exactly where you need to be, and we can assure you it’s spelled A-C-I-M-A Leasing (pronounced ah-SEE-mah). As you continue your search to find us online in the future, check that those letters don’t get switched around.