Why Choose a Lease-To-Own Funding Option?

Are you looking to furnish a new home, but you are not in the position to pay for your items in cash? A no-credit needed funding, or lease-to-own option may be the next step for you. Using no credit needed funding options can provide the solution to making your new house feel like home, or making an old house feel like home again.

Many people have reservations about no credit needed funding or lease-to-own purchases. The idea of taking an item home today and paying for it over time can feel too good to be true.

After reading this article, you will better understand how no credit needed funding and lease-to-own works and why it might be right for you.

What is a Lease-to-Own Program?

Lease-to-own purchase is an arrangement that allows you to lease an item, for a weekly, bi-weekly, or monthly payment, with the option to buy it at any time. Retailers commonly offer flexible lease-to-own programs for appliances, mattresses, furniture, and tires.


How Does a Lease-to-Own Program Work?

In a lease-to-own program, you agree to a weekly, bi-weekly, or monthly payment plan for merchandise. You agree to make each payment as it comes due and are free to end the relationship by returning the item (refer to your agreement for further information on costs, fees, and who to return merchandise to). If you continue making payments, you can opt to buy the item under the terms of the agreement.

You can take home the merchandise the same day, making it a convenient option for household items you can’t live without.


Key Elements of a Lease-to-Own Program

  1. Parties of the Agreement: A lease agreement is a contract between, you the lessee, and the leasing company funding the agreement.
  2. Total Cost: This is a simple calculation of the cash price (the price listed on the tag) plus the lease fees.
  3. Lease terms and conditions: This list all the details you need to know about the agreement.
  4. Late payments: There may be penalties or fees for a late or missed payment.

Payments are Flexible

Purchasing through lease-to-own programs gives you greater flexibility than many alternative funding options. If something unexpected happens, you can pay less one month and more the next. The payment plan works with your unique financial situation.

Lease-own-programs also allow early payment options, unlike other funding agreements that lock you into a set number of payments.


Additional Benefits

  • No Credit Needed – Lease-to-own programs work with you regardless of your credit score. Many may not require a credit check and they do offer bad credit financing if you are trying to rebuild your credit.
  • No Repairs or Maintenance – Many stores protect your investment by offering repairs or replacement for pieces that become damaged or break during the lease agreement.


No credit needed leasing like Kornerstone Credit fulfills a need for many people. Just starting out or going through some big life changes are both examples of when traditional furniture financing just won't work. You can get beautiful, comfortable furniture with monthly payments that are affordable and reasonable.

Anyone can get approved for up to $5,000 with a Kornerstone Credit lease. That’s plenty for a couple of pieces of new furniture. The stable payments are reasonable, and as long as you make your minimum payments on time, your balance never increases, and no fees are added on.

Kornerstone Credit is here to help those that don’t have other options. We want everything to be clear and understandable from the start. So, make sure you read your lease agreement. Then prepare some questions for our representatives. We'll reach out to you directly for the welcome call.

There are numerous situations where Kornerstone Credit might be just what you need. We know that not every situation calls for no credit needed funding, but we can be the solution for people who struggle with bad credit. There are many circumstances where we are the best option. So, find a store near you and find out if we can help you!


More Resources

Hoping to learn more about financing furniture, tires, appliances, and more? Check out these articles to get up to speed.

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