Financing Furniture 101: How to Lease Sofas, Tables & More
Furnishing your home doesn’t have to mean paying for everything upfront or relying on traditional financing. Lease-to-own furniture financing is an alternative, and Snap Finance makes the process simple from start to finish.
Key takeaways
Lease-to-own financing lets you furnish your home now, pay over time.
Get the furniture you need and want now without paying for it upfront.
Snap Finance considers more than just your credit score, helping more people qualify.¹
From sofas and beds to dining sets and storage, get what you need with lease-to-own financing.
Getting started is fast and convenient. Apply online or in-store in minutes, get a decision in seconds.
Furnishing a home, whether for the first time, after a big move, or during a well-deserved upgrade, can be exciting. However, quality furniture often comes with a hefty price tag – and not everyone has the cash to pay upfront or the credit history to qualify for traditional financing.
The good news is that there’s an alternative that doesn’t rely on upfront payments or high credit scores. Furniture financing lease-to-own programs can help you fill your space with the what you need now and pay over time.
With options like Snap Finance furniture financing, you can get the items you need now and pay for them over time - even if your credit isn’t perfect.1 Keep reading to learn how lease-to-own financing works, what you can finance, and how to kick-start the process.
What does lease-to-own mean for furniture?
Lease-to-own financing is a simple and convenient way to get the furniture you want without upfront cash or good credit. But what does it actually mean? Here’s how it breaks down:
You choose the furniture you want and a financing provider, such as Snap Finance, purchases it for you.
You then lease the items while making scheduled lease payments to the financing provider.
Once all payments and you’ve completed the terms of your lease agreement, the furniture is yours.
Snap Finance is a leading provider of lease-to-own financing. How does it work? In a lease-to-own agreement with Snap Finance, Snap purchases the merchandise from the retailer and then leases the merchandise to the customer.
As part of the agreement, customers make payments over time to Snap. Once customers have made all their payments and completed the terms of their lease agreement, they obtain ownership of the merchandise.
With lease-to-own financing, there are no revolving balances. Instead, it’s a lease agreement that offers convenience and ease. And unlike traditional financing that looks primarily at your credit score when you apply, Snap considers multiple data points to determine your creditworthiness. That could mean that even if you’ve been turned down for traditional financing and have less-than-perfect credit, you may be considered for Snap’s lease-to-own financing.¹
That makes Snap’s lease-to-own financing a workable option for anyone looking to finance sofas no credit or pay over time for any other major furniture pieces.¹
What types of furniture can you finance with Snap?
Another reason lease-to-own financing might be a good option for you is the wide variety of furniture you can finance. If your home needs it, chances are you can lease it. Here’s a closer look at the furniture you can get with Snap’s lease-to-own financing.
Living room furniture
Your living room is the heart of the home - a place to relax, unwind, and entertain. With living room lease-to-own financing options, you can bring home everything from cozy sofas and reclining chairs to stylish entertainment centers and coffee tables.
Dining room sets
Create a space where your family can gather for meals or game nights. Lease dining room essentials including tables, chairs, bar stools, and buffets.
Bedroom furniture
Lease bedroom furniture to sleep in comfort. Choose beds, mattresses, dressers, nightstands, and even vanity sets. Snap helps you turn your bedroom into a retreat without paying for it all at once.
Home accents and storage
Add those finishing touches! Lease-to-own bookshelves, storage solutions, and other accents can create a functional and stylish home.
Partner retailers
Look for durable, quality furniture pieces through Snap’s network of partner stores. These furniture stores specialize in offering great furniture while making Snap’s no-credit-needed lease-to-own financing available to their customers.¹
How Snap Finance works step-by-step
If you’re ready to explore Snap Finance furniture financing, the process is simple, quick, and convenient. Here’s how it works.
1. Apply online or in-store
Start your application online or at a partner retailer. It only takes a few minutes to complete, and approvals happen in seconds.
Apply online at snapfinance.com or through the Snap Finance mobile app (IOS or Android).
Apply in-store at one of Snap’s retail partners through our text-to-apply feature on your smartphone or a QR code. Look for information about Snap in the store or ask a sales representative for help. To find a Snap Partner, go to the Snap Finance Store Locator.
Apply and check out online with our select e-commerce Snap Partners. To find an e-commerce Snap Partner, go to the Snap Finance Store Locator.
2. Get approved. No credit needed1
Snap’s application results are not based on credit alone, customers can be approved even with poor credit or no credit. All credit types are welcome to apply, but not all applicants are approved.¹
Does Snap Finance require a hard credit check? No, but keep in mind that Snap always checks credit. Snap obtains information from consumer reporting agencies in connection with applications. For lease-to-own financing, Snap uses data from secondary reporting agencies (CRAs), including Clarity and DataX. Applying with Snap may affect an applicant’s credit score with those CRAs.
3. Pick your furniture
Shop at Snap partner stores and choose the items that suit your style, needs, and budget.
If you’re approved and you’ve chosen your merchandise, you can complete your transaction right then at checkout. Or you can shop for furniture with confidence, knowing you’ve been approved and your approval amount, which ranges between $300 and $5,000.
Snap Finance is accepted at thousands of partner stores across the U.S. The Snap Finance Store Locator makes it easy to find participating furniture retailers online or near you.
4. Make convenient payments over time
Snap Finance offers several ways to complete your lease agreement. Payments are automatically set up to align with your paydays for the maximum length of the lease agreement. If you would like to change how often you make payments on your account or choose an early ownership option, you will need to contact Snap Finance.²
How to contact Snap Finance:
Call 877-557-3769
Go to the Customer Portal: customer.snapfinance.com
Snap’s default lease plan is 12 to 18 months. Or you can choose to buy out your lease early and save on overall lease costs.² You can decide what payment plan works best for you.
To choose an early ownership option, customers must make all regular payments on time and schedule additional payments in the Customer Portal or by contacting Customer Care at 877-557-3769.
5. Own it
After completing your lease agreement, you obtain ownership of your merchandise. Under the terms of the lease agreement, you can end the relationship by surrendering the merchandise. Check your lease agreement for complete information.
For more information on ownership plans and Snap’s lease-to-own financing in general, check out the Snap Finance FAQ page.
With Snap’s step-by-step process, furnishing your home has never been easier or more accessible.
Tips for choosing furniture you love on a budget
When shopping for furniture, it’s important to balance style, comfort, and cost. Here are some tips to help you stretch your budget and make smart choices:
Set a budget
Start by understanding your approval amount and creating a budget around it. Make sure to account for your payment schedule, so everything aligns with your financial goals.
Prioritize essentials
Focus on high-priority pieces like a sofa or bed before moving on to decor items. Essentials first, extras later!
Shop sales and clearance
Many furniture retailers offer sale items that allow you to get more value for your lease-to-own approval amount. Keep an eye on discounts while shopping.
Look for multi-functional pieces
Small space? Stretch your furnishings further with multi-functional items, such as sleeper sofas or storage beds.
Use the Snap Finance’s 100-Day Option²
Save significantly on your cost of lease by making all regular payments on time and paying the required amount in the first 100 days.² You must schedule this option by contacting Snap Finance.
How to contact Snap Finance:
Call 877-557-3769
Go to the Customer Portal: customer.snapfinance.com
Lease-to-own vs. traditional credit or store financing
Wondering how lease-to-own compares to other payment methods? Here’s a quick comparison:
Credit cards
Credit card issuers use your credit score and other factors to determine whether to approve you for a card. If you have a low score, it will be harder to get approved for new financing. Credit cards have monthly payments but no set timeline for repayment of what you owe, although you will be charged interest on remaining balances. Lease-to-own offers a clear payment structure with no revolving credit.
Store layaway
Layaway requires you to pay off the total cost before you take the item home, which can be frustrating. Lease-to-own financing lets you bring your furniture home immediately while you pay over time and complete the terms of your lease.
Inclusivity and flexibility
With Snap’s lease-to-own financing, all credit types are welcome to apply.¹ If your financial situation changes, you can end the leasing relationship by surrendering the merchandise under the terms of your lease agreement. Check your lease agreement for complete information.
Lease-to-own financing can be an inclusive, practical solution to bring quality furniture into your home today, and then pay over time.
Ready to furnish your home? What to do next
Furnishing your home doesn’t have to be overwhelming or out of reach. Furniture financing lease-to-own can help you turn your space into a comfortable, functional place to live and thrive.
Here’s how to get started:
Apply now in minutes, and get a decision in seconds.
Use the Snap Finance Store Locator tool to find no credit furniture stores in your area.¹
Shop for furniture that fits your style and budget.
Check out with Snap Finance and set up a payment plan that works for you.
Enjoy your new furniture and celebrate your refreshed space.
Why wait to have the home you want? Start your lease-to-own furniture journey today and enjoy the comfort and style you’ve been dreaming about.
The advertised service is a lease-to-own agreement provided by Snap RTO LLC. Lease-to-own financing is not available to residents of Minnesota, New Jersey, and Wisconsin.
¹Not all applicants are approved. While no credit history is required, Snap obtains information from consumer reporting agencies in connection with applications, and your score with those agencies may be affected.
²The default payment plan is the Maximum-Term Plan, which includes 12- to 18-month renewable terms and is your highest cost option. To exercise an early ownership option, including the 100-Day Option, customers must make all regular payments on time and ensure the required amount is paid within the applicable timeframe via the customer portal or by contacting Customer Care at 1-877-557-3769. The 100-Day Option may include a cost of lease above the merchandise price.