William Lipovsky
A new refrigerator, clothes washer, or other appliance is a major expense. Rented or rent-to-own appliances are an option if you can’t pay the total cost to buy what you need upfront.
Renting, or “leasing” as it’s sometimes called, is offered on just about every big-ticket item you can think of: cars, computers, office buildings, homes, apartments, furniture, and yes, even appliances.
See below for more information about how the rental process works, plus the list of places that offer rental or rent-to-own appliances.
About the Renting Process
Typically, renting means you pay a deposit and then a monthly fee to use the item. When the rental or lease agreement is up, you can either renew the agreement or return the item.
However, some businesses that rent appliances will offer rent-to-own appliances. You will still pay the monthly payment per the agreement but at the end of the rental agreement, the appliance will be yours.
Understand that even in a rent-to-own scenario, the monthly rental amount you pay will include a fee charged by the business to which you are renting.
Most of these types of rent-to-own businesses claim no credit is necessary; some even claim no credit check is needed either. Yes, there are rent-to-own appliances you can get without needing good credit.
But, a company has to make money somehow and if it isn’t running a credit check on you it is assuming a lot of risk that it will collect the monthly rent amount. To cover this risk, fees are applied.
Typically, these places will inflate the purchase price of an item. When spreading the payments out over 48 months, or however many months is agreed upon, it can seem like a good deal. If you miss a monthly payment, additional fees will be assessed.
Be aware of the lease agreement terms before signing with any appliance rental stores.
The Places With Rent-to-Own Appliances
Kmart
- What items can be rented? Home electronics and entertainment, appliances, household goods and furniture, sporting goods, lawn and garden, and outdoor living.
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? Yes. Find more information about how to rent from Kmart’s leasing page.
- Find a store
Aaron’s
- What items can be rented? Furniture, appliances, computers, smartphones, and electronics
- Rent to own option available? Yes
- Rent only option available? Per customer service, this is up to each store manager’s discretion.
- Is a credit check needed? Yes, though no credit or financing is necessary. Find more information about how to rent from Aaron’s How to Own It page.
- Find a store
Rent-A-Center
- What items can be rented? Furniture, appliances, computers, smartphones, and electronics
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? Yes, though no credit or financing is necessary. Find more information about how to rent from Rent-A-Center’s How RAC Works page.
- Find a store
FlexShopper (Online Only)
- What items can be rented? Anything. Furniture, appliances, computers, smartphones, and electronics, video games, mattresses, audio, toys, fitness equipment.
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? Yes. Go to this page and choose “apply” and before you signup you can read this information.
- Shop online
Suggested Article: Sites Similar to FlexShopper
Conn’s Home Plus
- What items can be rented? Furniture, appliances, computers, smartphones, and electronics
- Rent to own option available? Yes
- Rent only option available? No
- Is a credit check needed? Yes, though no credit or financing is necessary. Find more information about Conn’s Rent to Own Programs.
- Find a store
Bestway Rent to Own
- What items can be rented? Furniture, appliances, computers and electronics
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? No. Find more information about how to rent from Bestway’s Rent To Own page.
- Find a store
Colortyme
- What items can be rented? Furniture, appliances, computers, smartphones, and electronics
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? No. Find more information about how to rent on Colortyme’s website.
- Find a store
Rent One
- What items can be rented? Furniture, appliances, smartphones, and electronics
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? No. Find more information about how to rent from Rent One’s FAQs page.
- Find a store
Rent-2-Own
- What items can be rented? Furniture, appliances, computers, smartphones, and electronics
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? No. Find more information about how to rent from the How R2O Works page.
- Find a store
National Rent to Own (Illinois & Missouri)
- What items can be rented? Furniture, appliances, computers, and electronics.
- Rent to own option available? Yes
- Rent only option available? Yes
- Is a credit check needed? Yes. Find more information about how to rent from National’s website.
- Find a store
Buddy Rents (Tampa Bay Area)
- What items can be rented? Furniture, appliances, computers and electronics
- Rent to own option available? Yes
- Rent only option available? Unspecified online
- Is a credit check needed? It’s unclear on Buddy Rents’ website if a credit check is necessary. Contact Buddy’s Home Furnishings to find more information about how to rent.
- Find a store
