Needing a new couch or new furniture is often an expensive, inconvenient problem to have. For someone living pay check to pay check, it may take months or even over a year to save up enough for a new couch. However, with the average lifespan of a couch only lasting eight years, buyers may not be able to put this purchase off for long. Thankfully, there are furniture financing options, like lease purchasing programs, designed to help people unite with the furniture of their dreams.
How Does Lease Purchasing Work?
A lease to own agreement is a signed commitment between a buyer and seller that dictates how the furniture will be paid for. You will have the option of paying once a month or once a week. After the agreement is signed, you will be to take your furniture home without needing to provide a full upfront payment. It is important to note that the retailer can take the furniture back if you fail to make your payments because they technically still own the furniture until it is completely paid off. As a buyer, you also reserve the right to cancel the agreement at any time. If this happens, you will need to return the furniture that you are leasing.
What Are The Benefits Of Lease Purchasing?
With 56% of college students using credit cards, furniture financing offers a method of buying that does not risk affecting your credit rating. The biggest benefit of this method of buying is that you do not pay the full cost for the furniture when you take it home. Another major benefit for the buyer is that the leasing period can also act as a trial period. If you decide you don’t like the furniture you are leasing, you can cancel the agreement and return the property at any time.
How Can Okinus Help?
Okinus furniture financing offers a convenient solution for people who are looking to buy furniture quickly. You do not need to submit a credit score to apply, and you can even have your new furniture delivered right to your door. Furniture prices can often reach in the thousands, so this zero down furniture leasing program is perfect for people who are living paycheck to paycheck.