The increasingly popular choice of rent-to-own options for MacBooks gives consumers more options than ever before. Getting the products you love (even Apple’s iPhone or a gaming PC) may be more realistic with this option, even if you have a less-than-stellar credit history. Learn the answers to these important questions about getting a rent-to-own MacBook below:
Rent-to-own is a flexible payment plan that allows you to rent and eventually own the latest MacBook through affordable periodic payments. This payment plan grants you access to the laptop you need without requiring full payment upfront. An initial payment or processing fee is often required by rent-to-own payment options.
The rental-purchase agreement model may allow people with a moderate income to acquire costly new Apple products that may be out of their reach. The final cost of the product through a rental-purchase agreement may be higher than the cash price of the product at an Apple store, but the convenience of having access to a brand new MacBook, Apple Watch, or iMac without paying for full cash price upfront is the advantage rent-to-own agreements can offer.
Rental agreements can enable people with challenged credit history to acquire the MacBooks they’re looking for much sooner than if they had to pay for the cash price upfront.
High costs of living have led to more Americans facing financial difficulties every year, while low credit Scores may make some customers ineligible for traditional loan options. With over 9,200 outlets in the US, the lease-to-own industry services more than 4.5 million customers each year.
The rent-to-own business model emerged in the late 1960s to be available to this underserved consumer group. Americans began turning to banks for loans to obtain costly products. Lease-to-own stores sprung up to help people obtain products, providing another source of options for those with a challenged credit history.
The rent-to-own MacBook arrangement allows you to lease a Macbook on a rent-to-own basis. You can manage renewable rental payments and can fully acquire ownership of the computer when you pay off your agreement in full.
The average American can easily use a credit card to pay for an expensive laptop, but people without good credit may find it difficult to get approved for a credit card. With rent-to-own Macbook plans, qualified borrowers can often pay as they go with affordable, renewable rental payments as outlined in their agreement.
To enjoy the convenience of rent-to-own MacBooks, you need to understand the actual agreement terms. If you would like to own the MacBook you lease with American First Finance, you generally have three options.
Here are some example options that American First Finance offers:
While remote work really became popular because of the COVID-19 pandemic, it appears as though working from home is a trend that’s here to stay. Global Workforce Analysis estimates that more than 25 percent of the workforce will be working from home by the end of 2021. This percentage is only an estimate, but it’s likely to rise as more companies recognize the benefits of working remotely.
Access to a high-performance laptop or desktop computer is a necessity for people working from a home office, but they’re generally expensive items. Thanks to rent-to-own lease agreements, new laptops like MacBooks can be within reach without paying the full cash price upfront.
The rent-to-own MacBook option for a computer could be a good option for anyone who is looking to start working remotely but can’t afford a new Apple laptop outright. With this rent-to-own arrangement, you can access a resource that may help you succeed in your career or grow your business income.
Access to a powerful laptop computer can increase your career chances in a highly-competitive job market. Employers often require remote employees to own the appropriate devices, like a reliable laptop, which may be out of your price range. With a rent-to-own MacBook agreement, more products can become within reach.
Apple offers a range of desktop computers and laptops to meet users’ various needs and is the largest technology company in the world. They specialize in consumer electronics, including computers, smartphones, and iPads. A rent-to-own agreement can help you get access to Apple products such as a MacBook.
Type of MacBooks: iMac
Average Price**: $1,799 – $7,099
Type of MacBooks: MacBook Air
Average Price**: $999 – $2,049
Type of MacBooks: MacBook Pro
Average Price**: $1,299 – $2,799
Type of MacBooks: Mac Pro
Average Price**: From $5,999
Type of MacBooks: Mac Mini
Average Price**: $699 – $1,099
*NOTE: 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.
**Retail prices may vary based on extras and the type of MacBook you acquire. For example, a Mac Mini can have a retail price as low as $699. However, an iMac may have a retail price upwards of $7,099.
iMacs are Apple’s iconic all-in-one computing solutions for users who require a powerful but compact computer. With a price point upwards of $1,799, this MacBook is expensive but worth entering into a rent-to-own agreement to get started working from home, growing your business, or working on a passion project.
The base iMac model falls into three categories:
Apple is the sole manufacturer of iMac models.
Although Apple MacBook Airs are the most affordable laptops from Apple, they’re still pretty expensive. They are worth considering if you need a powerful personal laptop.
There are two stock MacBook Air models on the market:
Apple MacBook Pro models are high-performance laptops for the modern-day professional and cost upwards of $1,300. These are expensive but personal computers that are worth renting through a rent-to-own agreement because of their power and capability.
Apple MacBook Pros are available in two different sizes:
If your credit score is less than 580, lenders typically categorize you as a high-risk borrower, making it difficult for you to access conventional loans. You’re likely to have a low credit score if you have unpaid loans, have filed for bankruptcy, or frequently make late payments.
Major payment option providers often sideline borrowers with poor credit histories, making it difficult to make large purchases. Without financing, people may resort to using cheap, unreliable, or inadequate products because it may not be possible for them to acquire a new one. Rent-to-own MacBooks options can improve accessibility, but the actual terms vary between merchants.
Payment option providers such as AFF help approved customers obtain MacBooks through manageable, renewable rental payments from an extensive network of rent-to-own stores. You can complete the application process in just minutes. To apply online, find a store near you and click “Apply” to fill out our brief application.
Rent-to-own MacBooks can be a lifeline for people looking to work from home but lacking the high-end technology required by some remote employers. Getting a new MacBook on a rent-to-own basis can be easier since it’s manageable through renewable rental payments.
American First Finance (AFF) works with a vast network of rent-to-own merchants across the country to make options available to consumers with challenged credit histories which may help them get the products they desire.
We use innovative technology to simplify the application process. Qualified borrowers are approved in as soon as minutes and have access to our large merchant network.
Use our merchant tool* on the AFF website to find a store near you and complete an online application.
*NOTE: 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.
The idea of a rent-to-own MacBook can be overwhelming. Here are the answers to some commonly asked questions:
A: Rent-to-own is a flexible payment method that can allow 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.
A: American First Finance will check your credit, but your credit score is not the only determining factor. We consider more than just your credit score during our approval process, so there’s not a single credit rating that will ensure approval.
A: Where you’re able to shop generally depends on where you agree to a rent-to-own agreement.
A: You can apply for a lease-to-own payment solution right here on our website. First, select a store from our network. It is not guaranteed that all applicants will be approved, but having bad credit does not mean you will automatically be denied.
A: Where you can use your payment solution to lease to own a MacBook will depend on the company you choose to sign a contract with. If you’d like to apply with AFF to a store within our network, you can start by finding a store near you to apply online* for a decision in as soon as minutes.**
Please Note: Payment solutions vary based on the merchant. Be sure to confirm that the merchant you select offers the lease, loan, or cash purchase solution you intend to apply for.
*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.