How vehicle accessory lease-to-own financing works: Rims, audio, and more
Looking to upgrade your ride with new rims, tires, or a car audio system? Learn how Snap’s lease-to-own financing works, from application to ownership, and find out how to get eligible vehicle accessories now and pay over time.
Key takeaways
Snap’s lease-to-own financing may help you get eligible vehicle accessories, such as rims, tires, and car audio equipment, without paying the full cost upfront.
Apply online or in-store and get a decision in seconds with no impact to your FICO® score to apply.¹
If approved, you can use $300 to $5,000 in lease-to-own financing at a participating Snap partner store.
Once you complete the terms of your lease agreement, you obtain ownership of the merchandise.
Upgrading your vehicle can get expensive quickly. Whether you want new rims or are ready to improve your car audio system, paying for everything upfront may not work for your finances.
Vehicle accessory financing can give you another way to shop. With Snap Finance’s lease-to-own financing, you may be able to get eligible vehicle accessories today and pay over time – no credit needed.¹
Lease-to-own financing is not a loan or credit card. In a lease-to-own agreement, Snap purchases the eligible merchandise from the retailer and leases it to you. You can use the merchandise while making scheduled payments. Once you complete the terms of your lease agreement, you obtain ownership.
Here is how the process works, from application to ownership.
Step 1: Apply for Snap’s lease-to-own financing
Applying for Snap’s lease-to-own financing takes just a few minutes. You can apply online, in-store at a participating Snap partner retailer, or on your smartphone.
When you apply, Snap looks beyond your traditional credit history to determine your eligibility. All credit types are welcome to apply. No credit is needed, and there is no impact to your FICO® score to apply.¹
You will typically need:
A steady monthly income of at least $750
An active checking account
A valid email address and smartphone number
Personal information, including your Social Security number or ITIN
Your bank account and routing numbers
Once you submit the application, you will receive a decision in seconds.
Step 2: Get a decision and shop for eligible accessories
If approved, you will receive $300 to $5,000 in lease-to-own financing. Your approval amount determines how much eligible merchandise you can get through your lease agreement.
You can then use the Snap Finance Store Locator to find participating retailers online or near you. Depending on the merchant, eligible merchandise may include:
Car audio equipment, such as speakers, subwoofers, and stereo systems
Other eligible vehicle accessories²
Some restrictions may apply, so check with the merchant before you shop. Snap’s lease-to-own financing is available for eligible merchandise, not services. If your upgrade requires installation, ask the retailer if parts of the transaction can be included in your lease agreement.
Once you have selected your merchandise, let the retailer know that you plan to use Snap’s lease-to-own financing. Snap purchases the eligible items from the retailer upfront. You can then use the merchandise while making payments to Snap.
Step 3: Make scheduled payments
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, contact Snap Finance.
Snap offers several ways to complete your lease agreement:
Maximum-Term Plan
The Maximum-Term Plan is the default payment schedule. You make scheduled payments over the maximum 12- to 18-month renewable term of your lease agreement. This is your highest-cost option.³
Early ownership options
You may be able to save significantly on your cost of lease by completing your agreement early. To exercise an early ownership option, you must make all regular payments on time and ensure the required amount is paid within the applicable timeframe through the Customer Portal or by contacting Customer Care.³
Before signing your lease agreement, review your payment schedule, total cost, and early ownership options. Make sure you understand the terms and ask questions if anything is unclear.
Step 4: Own the merchandise outright
Once you have completed the terms of your lease agreement, you obtain ownership of the merchandise. That means the rims, speakers, or other eligible accessories are officially yours. You should owe nothing further under the agreement. Review your lease agreement for full details.
Under the terms of the lease agreement, you can also end the lease by surrendering the merchandise. Check your agreement for complete information and instructions.
How Snap is different from traditional financing
Snap’s lease-to-own financing works differently from a traditional loan or credit card.
With a credit card, you purchase the merchandise using a revolving line of credit. Your balance may be subject to interest charges, and your minimum payment can change over time.
With lease-to-own financing, Snap purchases the eligible merchandise and leases it to you. Your lease agreement outlines the payment schedule and total cost upfront. Instead of interest, your agreement includes a predetermined cost of lease in addition to the merchandise price.
The total cost of a lease will generally exceed the cash price of the merchandise. But you may be able to reduce your overall lease costs by exercising an early ownership option.³
Snap’s lease-to-own financing may be worth considering if:
You need eligible vehicle accessories but do not want to pay the full amount upfront.
A credit card or traditional financing is not available to you.
You want to review your total lease cost and payment schedule before signing an agreement.
You want the option to obtain ownership after completing the terms of your agreement.
Have additional questions about how it works? Learn how it works.
Upgrade your ride with Snap
Whether you are adding new rims or improving your car audio system, Snap’s lease-to-own financing can help you get eligible accessories today and pay over time.
Getting started takes four simple steps:
Apply online or in-store and get a decision in seconds.
If approved, shop for eligible accessories at a participating Snap partner retailer.
Make scheduled payments according to your lease agreement.
Obtain ownership once you complete the terms of your lease agreement.
Ready to upgrade your ride? Apply now for Snap’s lease-to-own financing. Or use the Snap Finance Store Locator to find participating vehicle-accessory retailers online or near you.
Interested in learning more? Check out these resources from Snap Finance:
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.
1 Not 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.
2 Some restrictions may apply on leasable auto parts, electronics, or sporting goods. Please check with merchants for details.
3 The Maximum-Term Plan includes 12–18 month renewable terms and is your highest-cost option. To exercise an early ownership option, including any early buyout promotions, you must make all required payments on time and satisfy the required amount within the applicable timeframe through the customer portal or by contacting Customer Care at 1-877-557-3769. Early buyout promotions may include a cost of lease above the merchandise price. For details and limitations, refer to your lease agreement. See lease agreement for terms, details, and limitations.