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Make the Most of Your Tax Refund with a Lease-Purchase Agreement

Mar 08, 2021

A woman cheering as she looks at her laptop.

Let’s face it, figuring out and filing your taxes is, at best, a necessary chore. But if you discover you’re going to receive a tax refund this year, it will be all the worthwhile and suddenly something to look forward to.

If you are expecting one, now is the time to plan for what you will actually do with it. If you’re anything like the rest of us, it can feel like you’re saying “goodbye” to those dollars just as quickly as you said “hello.” But, from saving to investing to spending your tax refund, you have some choices of how to put your tax refund to use.

Let’s take a look at how you can make the most of those dollars in more ways than one!

Spend, Save, Splurge or Stretch  

Once you know that you have a refund coming, you probably already have a plan for what you’d do with that money before it even hits your bank account. Most people do, and everyone’s plan is different. The options range from saving for a rainy day to splurging on something you’ve had on your shopping bucket list. Some people go back and forth, then change their minds again once they have money in hand.

However, with the latter comes the temptation to spend impulsively, which leads to regretting your choice later. That’s why a plan to make the best use out of your refund is good and sticking to one is even better.

Whether you’re planning to earmark your refund to save, spend or splurge, consider a fourth option: finding a way to stretch that money as far as possible, allowing you to get as much as possible, and ultimately, setting yourself up for financial success. This refund only comes around once a year, after all. And after your hard work preparing your tax return, you should use it as best you can.

Or how about a win-win: Stretch your dollars AND use your refund to help you get that home item you’ve been waiting to buy.

How to Stretch Your Dollars While You Shop

To taxpayers, a tax refund often feels like “found” money a little extra in your pocket every year that people have come to look forward to, and even rely on. If you receive a tax refund this year, it’s smart to find opportunities to invest it back into your future and keep that bonus money working for you.

We have a great idea to make just that happen AND shop at the same time: Start a lease-purchase agreement* with Acima at one of our more than 15,000 retailer partners.

There’s a whole litany of reasons why a lease-purchase or lease-to-own is a good idea (whether or not a tax refund is involved). And more and more people are catching on to just how savvy and financially wise this sort of alternative to financing can be.

Why Lease-Purchase* Is Worth a Try

It may sound like we’re giving you the green light to splurge here. Actually, we just want you to be smart with your money. That’s why we’re encouraging you to give lease-to-own a try as an option to get the things you want with Acima’s alternative to financing, the no credit option.

First, you get to shop for the things you want or need furniture, appliances, electronics, tires and more from a host of our nationally known retail partners. So, you can feel like you’re splurging without spending all your money all at once or tempted to put your purchase on credit.

And thanks to this “shop now, pay later” program, you can start enjoying your product by making small renewal lease payments.  Once you make a predetermined number of payments, you will own the item completely. If things change, you can return the product in good condition to Acima without further obligation.

So instead of blowing that refund you worked so hard to get all at once, using a lease-purchase agreement to shop makes it work for you instead. Here’s how:

  • You can use your tax refund to delay making payments out of pocket.

  • You could take advantage of your early purchase option and save on the total cost.

  • If you need to terminate your lease, you can do so at any time by returning the product.

Put Your Tax Refund to Work for You

This year, do right by your hard-earned tax refund and invest it back into yourself with a lease-purchase agreement* while you enjoy your new TV, sofa, fridge whatever you’ve had your eye on. Find a store near you today and get to shopping! This is a financially savvy tax refund plan you can feel good about, and one where your wallet will thank you.