Rent-to-Own Electronics

The increasingly popular option of getting rent-to-own electronics has given more options to consumers than ever before. This option can help make furnishing your home with the products you love more realistic, even with less-than-stellar credit history. Learn about these important aspects of getting rent-to-own electronic financing below:

  • What Are Rent-to-Own Electronics?
  • How does Rent-to-Own Electronic Financing Work?
  • What Kinds of Electronics Can You Rent to Own?
  • Who Offers Rent-to-Own Electronics?
  • FAQs About Rent-to-Own Electronics

Rent-To-Own Electronics – What Is It?

Rent-to-own is a lease arrangement that allows you to acquire rent-to-own electronics (like a television or laptop), or other goods, by making rental payments for the electronics in periodic installments. The lease terms are clearly outlined and cater to customers with bad credit who want to lease or acquire premium brands and high-quality electronics.

Rent-to-own works differently than other payment arrangements. Each payment installment goes towards settling the total cost of the electronic lease. Once you complete rental payments for your selected electronic at the end of the lease agreement, you have full ownership rights to the product.

woman working on laptop in office building

Using a rent-to-own plan for electronics has unique advantages, particularly for customers with poor credit history. These benefits include:

  • Access to popular stores with wide product selections.
  • Ability to get electronics faster than a full, up-front purchase.
  • Access higher-quality and newer electronics through payments.

As of 2016, brick-and-mortar in the US had a customer base in excess of 4 million distributed across 6,700 stores. At the same time, there were about 30,000 online stores across the country.

How Do Rent-To-Own Electronics Work?

Rent-to-own electronic arrangements have a simplistic business model that involves periodic payments over time. In some cases, the contract can be terminated according to the agreement at any time.

For clarity, the rent-to-own store will specify the outright cash price for the item if the customer was to buy the item on a single installment cash payment. The rent-to-own agreement will also disclose the total price the customer will pay to own the item on rent-to-own terms, which is usually higher.

For example, a customer buying a computer can either pay $700 for the computer outright or, with rent to own for the computer, they might pay $18 per week for 78 weeks. Therefore, the total cost of renting to own the electronics in this example is $1,404.

If you would like to own the electronics you acquire through a rent-to-own arrangement; you generally have three options. With American First Finance, here’s an example of what those options look like:

  • Early Buyout Option (EBO) – save on rental fees by paying off your rent-to-own agreement in full early, often within 90 or 101 days, and own the electronics earlier.
  • Early Purchase Option (EPO) – pay off your rent-to-own agreement after the EBO but before the end of your agreement term.
  • Full payment option – pay for the electronics for the entire term of your rent-to-own agreement.
Women is buying tvs in electronics store

Rent-to-own terms are also different from other services like in-store credit because it is not a loan and doesn’t incur interest. Please note that although the rent-to-own model does not include interest, there are comparable leasing fees included. Also, services like in-store credit require the customer to have stellar credit scores to qualify for the service, whereas a no-credit needed solution considers more than credit history alone.

Perks of Rent-to-Own

There are many perks of rent-to-own electronics, such as the following.

  • Access to better products for a small monthly payment (way less than buying/loan): You have complete access to your favorite electronics like TVs, desktops and monitors, home theaters, laptops and tablets, gaming equipment, and more. The cost of your selected electronic is divided into smaller installments that you can pay over a long period of time, making the purchase more affordable.
  • It gives you a chance to test various products or get higher-quality products sooner: Rent-to-own agreements can give you access to test the products you want to purchase, and you don’t have to wait until you save up enough to buy the latest product on the market. Rent-to-owns don’t always require you to put down a substantial deposit on the electronics you choose. The periodic installments allow you to walk in and walk out with the latest in electronic technology without paying a hefty sum for it.
  • Access to Store Networks: American First Finance offers access to thousands of partner stores with rent-to-own electronics arrangements. To apply, simply find a store near you and click “Apply” to get started. Apply and see if you’re approved for a purchase solution option today.

What Kind of Electronics Can You Rent-To-Own?

The electronics you can purchase through the rent-to-own program depend on where you apply for a rent-to-own option. Whether you’re looking to upgrade to UHD televisions or video game consoles or purchase a range of electronics for your new home, rent-to-own can provide access to a variety of stores and products depending on where you apply. There are a number of rent-to-own electronics available in the marketplace today.

man shopping for laptops in computer store

What Kind of Electronics Can You Rent-To-Own?

The electronics you can acquire through the rent-to-own program depend on where you apply for a rent-to-own option. Whether you’re looking to upgrade to UHD televisions or video game consoles or purchase a range of electronics for your new home, rent-to-own can provide access to a variety of stores and products depending on where you apply. There are a number of rent-to-own electronics available in the marketplace today.

Rent-to-Own Electronic Items

Here is a list of some of the sought-after electronics:


TVs are a big deal in the modern world. Whether it’s for sporting entertainment or to catch up with your favorite daytime soap opera, everyone is after the TV that has the most immersive and fantastic experience. This is why TVs are becoming the center of every home’s entertainment system. With the advanced display technology and introduction of Smart TVs, they can now do more than fulfill your viewing experience. Rent-to-own TVs at these larger retailers include a wide selection of name-brand products with clear payment options.

There are a few primary types of TVs on the market today:

  • LEDs – These offer an average viewing experience and are more pocket-friendly in terms of cost. They are also the most common on the market.
  • OLEDs – A more recent, more advanced technology that offers a better viewing experience but comes with a premium tag.
  • QLEDs – Quantum-dot light-emitting diode televisions offer brighter, more colorful displays than traditional LEDs.
  • UHDs – Ultra high definition displays are a step up from HD TVs, also referred to as 4K displays.

Laptops and Computers

In a seemingly dependent world on the internet, laptops and computers are becoming a central part of everyday life. Whether for work, entertainment, or communications, laptops and other computing devices like tablets are becoming a basic need in most households.

There are several types of laptops with varying functionalities:

  • Notebooks – This is the most common type of laptop and the most affordable. Notebooks are not the most portable but can run basic tasks.
  • Ultraportable – Best in class, slim design, costly, with amazing aesthetics. These are perfect for business people who want a laptop they can take everywhere they go.
  • 2-in-1 – These work as laptops and also as tablets. They are perfect for portability and have better performance than a tablet.


Ovens are a critical part of a functional kitchen. More so if you love preparing home-cooked meals for your family. Baking is one of the healthier methods of cooking and many enjoy it.

There are three main types of ovens you can choose from:

  • Conventional ovens – These are large and often come with cooking plates. The ovens can be electric or gas-powered, depending on what you purchase.
  • Convectional ovens – The new kid on the block, known for its even distribution of heat and favorable cooking results.
  • OTG ovens – These combine several functions into one; oven, toaster, and grill.

Rent-To-Own Electronics Options for 2024

Over the years, most rent-to-own stores have broadened their services. Most of the stores support in-store and online applications for lease-to-own electronics. American First Finance works with a variety of both brick-and-mortal and online rent-to-own stores.

You can apply for a lease through our website.

Rent-To-Own Electronics Options in Summary

With rent-to-own, people with bad credit can access payment solutions to get quality electronics for their homes. The plan does not require large cash payments upfront, and it has friendly agreement terms.

You can change or terminate the plan without penalty, and it offers a lifetime carryover that lets you resume payments on repossessed appliances. If you need an electronic quickly, consider shopping at stores that offer same or next-day delivery.

display of laptops in store

Apply for Rent-To-Own Electronics Online

American First Finance partners with many merchants across the country, so you get matchless freedom when applying for rent to own electronics. You’re able to shop at some of the largest companies in the retail space.

Use our merchant tool to find a merchant near you and fill in the application online. The application process takes only a few minutes, and you can sign a contract as soon as you’re approved.

Rent-To-Own Electronics FAQs

Below are some of the frequently asked questions related to renting to own electronics.


Q: What Does Rent-To-Own Mean?

A: Rent-to-own is a flexible payment method that allows people with bad credit scores to access quality products without having to purchase upfront and in full. This can be an option that helps people with a challenged credit history still access products they need or want.


Q: What Credit Score Qualifies for Rent-To-Own?

A: Credit score is not the only consideration during a rent-to-own application, making the service potentially accessible to some shoppers with bad credit. American First Finance will check your credit score, but it doesn’t automatically disqualify you.


Q: Where’s the Best Place to Rent-To-Own Electronics?

A: Where you can use your payment solution to rent-to-own electronics will depend on the company you choose to sign a contract with.


Q: How Can I Apply for Rent-To-Own Electronics?

A: You can apply for a rent-to-own electronics lease right here on our website. Although not everyone will be approved, having bad credit doesn’t automatically mean you’ll be denied. Credit checks may be done, but a low credit score does not necessarily disqualify you. First, select your preferred store near you, and you can apply directly in minutes.


Q: Where Can I Shop for Rent-To-Own Electronics?

A: American First Finance has hundreds of locations across the US for our customers to choose from. Use our Merchant Search tool to find the store near you to apply online and get a decision in minutes.