Kai Rivers
Rent-A-Center is a rent-to-own business that offers new and used brand-name furniture, appliances, computers, and electronics. Customers can choose from various payment plans and schedules that suit their budgets. While some people find Rent-A-Center convenient, others consider it overpriced and a waste of money, suggesting that buying second-hand furniture or going without it is preferable to paying monthly interest.
| Characteristics | Values |
|---|---|
| Business Model | Rent-to-own |
| Items | New and used brand-name furniture, appliances, computers, electronics, mattresses, auto wheels and tires, home and mobile electronics, car audio, eyewear, and power tools |
| Brands | Ashley Furniture, Sony, Whirlpool Corporation, Dell, HP, Samsung, Maytag, LG |
| Payment Options | Weekly, bi-weekly, semi-monthly, or monthly |
| Lease Termination | Allowed at any time without penalty |
| Customer Support | Assistance provided for damaged/defective merchandise, lost/stolen merchandise, and wrong merchandise |
| Delivery | Free delivery and setup offered, with curbside pickup available for some products |
| Acquisition | Acquired Merchants Preferred in August 2019 and consolidated brands from the acquisition of Acima Holdings |
Explore related products
What You'll Learn
Rent-A-Center provides new and used items
Rent-A-Center, founded in 1973, is a rent-to-own business that provides new and used items from various categories, including furniture, appliances, mattresses, electronics, and more. The company offers flexible payment plans and delivery options to suit customers' needs and preferences.
Rent-A-Center's merchandise includes both new and used items, catering to different customer preferences and budgets. The company provides well-known brands such as Ashley Furniture, Whirlpool, Samsung, Maytag, LG, HP, Sony, and Dell. Customers can choose from a range of payment schedules, including weekly, bi-weekly, semi-monthly, or monthly options, to suit their financial situation.
The rent-to-own model allows customers to lease merchandise with clear paths to ownership. This means that customers can use the items without owning them initially, but with the option to purchase them later if desired. This model provides flexibility, especially for those who may not be able to afford a large upfront payment.
Rent-A-Center's acquisition of Merchants Preferred in 2019 further expanded its lease-to-own services. The integrated retail partner offering, Preferred Lease, combines the staffed lease-to-own business model with a virtual lease-to-own approach. This provides customers with more options and convenience when it comes to renting and potentially owning merchandise.
In summary, Rent-A-Center caters to a wide range of customers by offering both new and used items from various categories. The company's flexible payment plans, delivery options, and lease-to-own model provide accessibility and choice, allowing customers to acquire the items they need without the burden of significant upfront costs.
Rent-to-Own: When to Get Legal Advice
You may want to see also
Explore related products
The company offers a no-credit option
Rent-A-Center offers a no-credit option for customers who want to rent-to-own items. This means that customers can rent items without needing a credit card or undergoing a credit check. The company offers a range of payment plans that customers can choose from based on their budget and preferences, including weekly, bi-weekly, semi-monthly, or monthly payments. This makes the process of renting items more accessible and affordable for customers.
The no-credit option is available for a wide range of products, including furniture, appliances, electronics, mattresses, auto wheels and tires, home and mobile electronics, car audio, eyewear, and power tools. Customers can choose from popular brands such as Ashley Furniture, Whirlpool, Samsung, Maytag, LG, and HP.
Rent-A-Center's no-credit option provides an alternative to traditional credit transactions, where a financial institution extends funds to the customer, who then makes payments back with interest. Instead, Rent-A-Center buys the product and leases it directly to the customer, offering clear paths to ownership. This eliminates the need for high-interest rates that are typically associated with credit purchases.
The company's Acima Private Credit option is another alternative for customers who want to own the product outright. In this case, the customer purchases the product from Acima and makes payments on the Acima Private Credit Account. This provides flexibility for customers who want the option of ownership without the complexities of traditional credit transactions.
Rent-A-Center's no-credit policy is designed to make the process of renting and owning items more straightforward and accessible for customers. By removing the barriers associated with credit checks and high-interest rates, the company empowers customers to acquire the products they need without the financial constraints typically involved in traditional purchasing or rental processes.
CCO Cards: Essential for Safe Crane Operation and Rental
You may want to see also
Explore related products
Customers can choose their payment plan
Rent-A-Center offers customers the freedom to choose a payment plan that suits their budget. Customers can choose to pay weekly, bi-weekly (every two weeks), semi-monthly, or monthly. This flexibility ensures that customers can rent their desired items without financial strain.
Rent-A-Center provides multiple ways to make payments, including in-person, online, or over the phone. Customers can even pay in cash at various retailers, catering to those who prefer cash over credit cards. The company also offers a no-credit option, allowing customers to rent without worrying about their credit history.
For those who prefer predictable payments, Rent-A-Center offers lease options with clear paths to ownership. Customers can choose to make all renewal payments and own the merchandise in 12, 18, or 24 months, depending on the lease agreement. Alternatively, they can opt for early purchase options described in their agreement, saving money compared to the total cost of the lease.
The company's payment plans provide a convenient and accessible way to acquire furniture, appliances, and electronics. With Rent-A-Center, customers can enjoy the things they want and need without financial stress, thanks to their budget-friendly payment plans and flexible payment methods.
Renters' Rights: Escrow Accounts in Pennsylvania
You may want to see also
Explore related products
Rent-A-Center delivers and sets up products
Rent-A-Center offers delivery and setup services for its products at no extra cost. Customers can choose their preferred delivery date, and Rent-A-Center will professionally deliver and set up the product. The company offers a range of payment plans, including weekly, bi-weekly, semi-monthly, and monthly options, allowing customers to select a schedule that suits their budget.
Rent-A-Center provides new and used brand-name furniture, appliances, computers, and electronics. They offer well-known brands such as Ashley Furniture, Whirlpool, Samsung, Maytag, LG, and HP. Customers can choose from a variety of products, including living room furniture, bedroom furniture, dining room sets, appliances such as refrigerators and washers and dryers, and technology like laptops and tablets.
The company follows a rent-to-own business model, allowing customers to make small initial payments and return or upgrade items at any time without penalty. Delivery, pickup, service, and repair are included in the rental price. Rent-A-Center also offers same-day delivery for customers who need their products as soon as possible.
Overall, Rent-A-Center provides a convenient and flexible option for customers looking to furnish their homes or acquire appliances and electronics. With their delivery and setup services, customers can have their chosen products professionally installed in their homes without incurring additional costs.
Best Western's Policy on Renting to 18-Year-Olds
You may want to see also
Explore related products
It's easy to get approved as a customer
Rent-A-Center offers a no-credit option, allowing you to shop for big brands without worrying about your credit score. The application process is simple and includes a review of your consumer report, but Rent-A-Center does not base its approval decision solely on your credit score. They use proprietary technology to consider the bigger picture and approve many customers with less-than-perfect credit histories.
You can choose from a variety of payment plans that suit your budget, including weekly, bi-weekly, semi-monthly, or monthly instalments. Additionally, you can select your delivery date, and Rent-A-Center will professionally deliver and set up your product at no extra cost. Curbside pickup is also available for certain products.
To get approved as a customer, you can complete and submit your order online or visit your nearest Rent-A-Center store. The process is straightforward and flexible, allowing you to choose the best brands and payment options that work for you.
Rent-A-Center offers a wide range of merchandise for lease, including furniture, mattresses, appliances, auto wheels and tires, home and mobile electronics, car audio, eyewear, and power tools. With their Acima Private Credit option, you can own the product after purchasing it and make payments on the Acima Private Credit Account. Alternatively, you can enter into a lease agreement with Acima, where you select the merchandise, and they purchase it from a participating merchant.
Overall, Rent-A-Center provides a convenient and accessible way to acquire the products you need without the worry associated with traditional credit options. The approval process is designed to be inclusive and considers factors beyond just your credit score.
Best Van Rental Discounts: Where to Find Them
You may want to see also
Frequently asked questions
Rent-A-Center provides both new and used brand-name furniture, appliances, computers, and electronics.
Some of the brands offered by Rent-A-Center include Ashley Furniture, Sony, Whirlpool, Dell, HP, Samsung, Maytag, LG, and more.
Rent-A-Center offers a rent-to-own model, allowing customers to make small initial payments with no long-term obligations. Customers can choose their preferred payment plan and schedule.
Yes, you can cancel your lease at any time without penalty. If you need to return the product, contact their customer service department, and they will work with you to find the best option.
In such cases, you should immediately contact Rent-A-Center's customer service department, and they will assist you in finding the best solution.
