How Lease-to-Own with Acima Actually Works

You picked out the bedroom set. You measured the room, picked the color, sat on the mattress. Then you got to the price tag, and it stopped being a great Saturday.

This is where Acima comes in. We partner with Acima to offer lease-to-own financing, not a loan, not a credit card, not a layaway. Here's how it actually works, in plain language.

It's a lease, not credit

When you finance with Acima, you're leasing the furniture from Acima for 12 months. You pay Acima (not us) in scheduled installments, weekly, bi-weekly, or monthly, over the course of the lease. At the end of the lease, you own it.

Because it's a lease and not credit:

• Application is a soft credit check. No hard inquiry. Won't show up on your credit report and won't impact your FICO.
• Approval isn't based on FICO. Acima looks at your income and banking history. People who get rejected for credit cards routinely get approved here.
• Instant decision. Most applications get a yes or no in under 60 seconds.
• Approval up to $5,000. Enough for a full bedroom set or a sectional + coffee table.

The 90-day Early Purchase Option, the part to pay attention to

This is the most important number on your lease. If you buy out the lease within the first 90 days, you pay the lowest total cost, typically the cash price plus a small markup. After 90 days, you can still buy it out at a discount on the remaining lease, but you'll pay more than the 90-day price.

If you let the lease run its full 12 months, the total you pay will be meaningfully more than the cash price. That's how Acima makes their margin. It's worth it for someone who genuinely needs to spread the cost; it's not free money.

Our honest recommendation: plan to use the 90-day option if you can. Set aside some savings each month and pay it off in month two or three. You get the furniture today, the lowest total cost, and zero impact on your credit.

What if your situation changes?

• Lose your job, big unexpected expense? You can return the furniture and cancel the lease at any time, with no penalty. (You won't get back what you've already paid, but you won't owe more.)
• Want to pay it off faster? You can pay early any time after the 90-day window, with the appropriate discount applied.
• Need to update payment info? Acima handles that directly on their dashboard.

The fine print

Acima leasing is not a loan, credit, or financing, it's a lease-to-own program. Standard agreement is a 12-month lease with renewal payments; early purchase options are available. Cost of leasing will be greater than retail if no early purchase option is used. Not available in all states.

Ready to apply?

Start the Acima application, the form takes about 60 seconds, or come into the showroom and we'll walk you through it in person.

Lauren Furniture Showroom · 453 E Tremont Avenue, Bronx, NY 10457 · (347) 270-5675