man shopping for laptops in store

Rent-to-Own Computers

The increasingly popular choice of rent-to-own computers gives consumers more options than ever before. This option can help make leasing the products you love more realistic, even with less-than-stellar credit history. Learn the answers to these important questions about getting rent-to-own computers below:

  • What are Rent-To-Own (RTO) Computers?
  • How Does Rent-To-Own Work for Computers?
  • What Kinds of Computers Can You Rent-To-Own?
  • Who Offers Rent-To-Own Computers?
  • FAQs About Rent-To-Own Computers

What are Rent-To-Own Computers?

Computers are increasingly necessary for professional and personal success, so it’s no wonder that people are willing to put down a large deposit on them. RTO options do not have a down payment but may have comparable initial payments or processing fees. Rent-to-own computers means getting access to a computer through a rental contract that, if approved, will allow you to pay as you go instead of making a full payment upfront. When you rent-to-own computers it can help you get access to a good computer at a price you can afford.

woman on video call on laptop in coffee shop

How Does Rent-To-Own Work for Computers?

Rent-to-own computer agreements could be a great option for consumers who have less-than-stellar credit history, but still need access to household products to help support living or working habits.

Unlike traditional purchasing models such as in-store credit, the rent-to-own computers agreement is not a loan, and interest does not accrue. Please note that although the RTO model does not include interest, there are generally comparable leasing fees included. Without an excellent credit score, it can be daunting to qualify for the in-store credit option. If you aren’t eligible for traditional financing, a rent-to-own computer may be a good option for you to consider.

Suppose you want to get a computer but have bad credit and potentially a low chance of qualifying for a loan. In this case, you may consider applying for an RTO computer agreement.

American First Finance (AFF) is a payment solutions company available to consumers with less-than-perfect credit history. With AFF, if you would like to own the electronics you lease, you generally have three options. Here’s a look:

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

Popularity of Rent-To-Own Computers

Computers can be leased through rent-to-own agreements which are available to consumers with less-than-stellar credit history. These consumers can get quality computers through rent-to-own agreements if approved. Rent-to-own agreements gained popularity in the late 1960s. Today, rent-to-own remains a viable option for consumers with less-than-perfect credit history.

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

You can rent-to-own computers at a number of stores. AFF partners with thousands of merchants, so our customers have access to a wide variety of great products.

Following is a list of types of computers, average price, and notable stores to lease from, as well as their store locations.

 

Type of Computer: Personal Computer

Average Price: $300 to $2,000

Find a Store*

 

Type of Computer: Laptops

Average Price: $600 to $700

Find a Store*

 

Type of Computer: Tablets

Average Price: $200 to $400

Find a Store*

 

Type of Computer: Desktops

Average Price: $400 to $3,000

Find a Store*

 

Type of Computer: Servers

Average Price: $1,000 to $2,500

Find a Store*

 

The transaction advertised is a lease, lease-to-own or rent-to-own program, or rental-purchase agreement. Instead of paying interest, you will pay rental fees on top of the retail price.

*Payment solutions vary based on merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or cash purchase solution you intend to apply for.

Laptops

Laptops have become a necessity for most, if not all, professions. With the increasing popularity of the work-from-home model, laptops have become essential for remote work. They are lightweight and easy to transport, making them an excellent choice for students, professionals, and frequent travelers. There are many different types of laptops, including:

  • Notebooks – These laptops strike a balance between functionality and portability. They vary significantly in overall size and feature different specifications regarding storage capacity, processor speed, memory (RAM), and screen size.
  • Macbooks – Apple’s laptop. The MacBook Air and MacBook Pro are two versions available, which both run the operating system macOS.
  • Convertibles – Also called “2-in-1” or “hybrid” laptops, convertibles combine the features of both a tablet and a laptop. You can easily switch between traditional and touchscreen keyboard modes. Most feature the fold-back method, but there are few models that have detachable screens.

Some of the leading laptop brands include Apple, HP, Lenovo, and Asus.

Notable Laptop Brands

  1. HP
  2. Apple
  3. Asus
  4. Acer
  5. Dell
  6. Fujitsu
  7. Inspur
  8. MSI
  9. Microsoft Surface
  10. Samsung
display of laptops in store

Personal Computers

personal computer refers to a general-purpose computer with sizes, capabilities, and prices that make them ideal for individual use. They are distinct from business, industrial, and other special-purpose computers. Since they offer practicality and functionality, they are popular for home and small office use.

Leading personal computer brands include HP, Lenovo, Fujitsu, and Dell.

Notable Personal Computer Brands

  1. HP
  2. Lenovo
  3. Dell
  4. Acer
  5. Apple
  6. Fujitsu
  7. Samsung
  8. Asus
  9. Razer
  10. Microsoft Surface
woman smiling at laptop at office desk

Desktop Computers

Desktops are generally larger than laptops. The traditional tower design houses the CPU and other components, such as storage drives, cards, memory, and power supply. Because of their limited mobility, desktop computers are best for stationary use at home or in an office environment. A gaming desktop is an excellent choice for video game enthusiasts or those who like to customize their computer hardware, since you can easily upgrade their internal components.

Some of the well-known desktop brands include Dell, HP, Samsung, and Apple.

Notable Desktop Computer Brands

  1. Dell
  2. HP
  3. Lenovo
  4. Apple
  5. Acer
  6. Fujitsu
  7. Asus
  8. Samsung
  9. Razer
  10. MSI
man coding on desktop computers

Apply for a Rent-To-Own Computer Near You

It may be challenging for consumers with bad credit history to acquire loans at competitive rates today. According to Experian, bad credit refers to a history of not meeting monthly payments, making frequent late payments, and having a credit score below 580.

Consumers with bad credit may find it challenging to make large purchases that require a credit card or financing. As a result, it can be difficult acquiring everyday electronics like computers and consumers may be forced to buy second-hand products or low-quality and substandard electronics. Rent-to-own agreements provide an affordable leasing solution as another option for consumers who want to get quality computer brands without making a full cash price payment upfront. Rent-to-own agreements usually require an initial payment or processing fee.

American First Finance (AFF) is a payment solutions company available to consumers with less-than-perfect credit histories. You can apply for rent-to-own computer options right here on our website. Your credit will be checked, but we consider more than just your credit score.

To apply, find a store near you and click “Apply” to begin our short online application*.

*Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or cash purchase solution you intend to apply for.

store display of laptops

Rent-To-Own Computers in Summary

Rent-to-own computers are accessible through a flexible rental option with affordable payments for approved AFF customers. This rental-purchase option allows approved consumers to get the computer they need while managing renewable rental payments.

Apply for Rent-to-Own Computers Online

American First Finance (AFF) partners with many merchants across the U.S., giving you options when applying for lease-to-own computers.

You can apply for an RTO option on our website for ease and convenience. Simply use our merchant tool to find a store near you* and fill out the application form online. The application process takes only minutes.

*Payment solutions vary based on merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or cash purchase solution you intend to apply for.

Rent-To-Own Computers FAQs

If you haven’t used rent-to-own stores before, you must have many questions. In this section, we have covered some of the ones most customers ask.

 

Q: What Does Rent-To-Own Mean?

A: Rent-to-own is a flexible payment option that enables consumers with bad credit to obtain the perfect products without having to invest a significant amount of money up-front. Those who have low credit scores or have recently emerged from bankruptcy may be able to benefit from this program.

 

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

A: Credit score isn’t generally the only consideration during a lease-to-own application. If you apply with American First Finance, your credit will be checked, although bad credit won’t necessarily lead to a denial.

 

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

A: Where you can use your payment solution to lease to own a computer will depend on the company you choose to sign a contract with.  American First Finance has hundreds of partner locations throughout the US for our customers to choose from.  If you’d like to apply on our site for a store within our network, start by finding a store near you*.  Complete our easy application for a decision in as little as minutes.**

 

*Subject to approval and standard underwriting criteria. Applications may be for payment solutions through American First Finance or loans from FinWise Bank, a Utah-chartered bank, Member FDIC. Products may vary by location. Terms and conditions are subject to change at any time without prior disclosure or notice.

**Decisions and funding may take additional time and not be same-day, including if more information is needed to complete the application.

 

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

A: You can apply for rent-to-own computers right here on our website. Your credit will be checked, but having bad credit doesn’t automatically mean you’ll be denied. First, select your preferred store near you,* then apply online in minutes.

*Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or cash purchase solution you intend to apply for.

 

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

If you’d like to apply on our site for a store within our network, start by finding a store near you*.  Complete our easy application for a decision in as little as minutes.**

 

*Subject to approval and standard underwriting criteria. Applications may be for payment solutions through American First Finance or loans from FinWise Bank, a Utah-chartered bank, Member FDIC. Products may vary by location. Terms and conditions are subject to change at any time without prior disclosure or notice.

**Decisions and funding may take additional time and not be same-day, including if more information is needed to complete the application.