FAQs

About WhyNotLeaseIt

WhyNotLeaseIt provides a leasing program that offers:

  • No credit required leases
  • Simple lease applications with no fees
  • Instant decisions
  • 5-month minimum lease term
  • Early purchase options*

Transactions are secure, confidential, and usually take place during the check-out process both online and in-store with our partner retailers.

 

*     Early purchase options are available in 46 states, Guam, Puerto Rico, and the U.S. Virgin Islands. Purchase options are not available in New Jersey, Vermont, West Virginia, and Wisconsin.

Appliances, electronics, fitness equipment, furniture, jewelry, lawn and garden, mattresses, and tires are examples of items that can be included on a WhyNotLeaseIt lease. Ineligible items include non-durable goods, such as clothing, footwear, and cleaning products.

Check with a partner retailer to find out what items qualify for leasing. To find a location near you, see the WhyNotLeaseIt Store Locator.

  • A valid photo ID
  • At least 18 years old
  • An electronic payment method
  • A valid email address
  • A valid phone number
  • A current Social Security Number (SSN) or Taxpayer ID (ITIN)
  • Driver’s license
  • Passport
  • Green card
  • State ID card
  • Military ID
  • Tribal ID
  • Mexican or Canadian ID if the applicant has a US address and ITIN

Lease with WhyNotLeaseIt

You can complete an application at one of the following locations:

  • Online at WhyNotLeaseIt.com
  • Online at a partner retailer website
  • In-store at a partner retailer store location (see the WhyNotLeaseIt Store Locator)

Most applications can be approved within seconds. Some applications may take more time for verification.

An initial online or in-store payment is required to take possession of the merchandise. The initial payment amount varies depending on retailer and lease amount. Lease estimators are available at partner retailer store locations to provide an estimate on your initial payment and ongoing lease payments.

You make your initial payment in the store or online at the retailer website. Ongoing lease payments to WhyNotLeaseIt are automatically deducted from your bank account, credit card, or debit card each pay period. You cannot make ongoing lease payments at the store.

Ongoing lease payments can be made with a checking account, savings account, debit card, or credit card.

Yes! You can request another lease for the remaining Approval amount. Please call Customer Service at 1-888-949-6680 for assistance.

Yes! Other forms of income such as social security, retirement, pension, and self-employment are acceptable. If you think your income may not qualify, please call Customer Service at 1-888-949-6680 for assistance.

The Consumer Lease Agreement requires that you fulfill the 5-month minimum term to meet your obligation or exercise an early purchase option*. Once the 5-month minimum term is completed, you can:

  • Purchase the leased items*; or
  • Continue leasing; or
  • Return leased items to WhyNotLeaseIt
* Purchase options are not available in New Jersey, Vermont, West Virginia, and Wisconsin.

Purchase options are available in 46 states, Guam, Puerto Rico, and the U.S. Virgin Islands.

Early purchase options are available at 30 days for 5% over cash price, 60 days for 8% over cash price, and 90 days for 10% over cash price.

After the 5-month minimum term is met, you can purchase the items as outlined in your Consumer Lease Agreement.

* Purchase options are not available in New Jersey, Vermont, West Virginia, and Wisconsin.

Yes. Merchandise can be returned in accordance with the store’s return policy. If that window has passed, leased merchandise can be returned to WhyNotLeaseIt once the 5-month minimum term has been met. Details are provided in your Consumer Lease Agreement.

You can initiate the return process by calling Customer Service at 1-888-949-6680.

Interest rates do not apply to leases. The Consumer Lease Agreement provides the terms of the lease. Use the lease estimator available at a partner retailer to review lease and payment amounts.

Your Account

Use the WhyNotLeaseIt Customer TRACK web application to manage your account online. This application lets you:

  • Update contact information
  • Change your payment method
  • View your lease documents
  • Make a past due payment
  • View your payment schedule and history
  • Change your password and security questions
  • Engage in a live chat session with a Customer Service representative

You can change your payment method at any time by using the WhyNotLeaseIt Customer TRACK web application to self-manage your account online.

With Customer TRACK, you can also:

  • Update your contact information
  • View your lease documents
  • Make a past due payment
  • View your payment schedule and history
  • Change your password and security questions

The WhyNotLeaseIt application requires that you provide the street address where the leased merchandise will be located.