Reviews

ElectroFinance Lease review: get a lease easily

Read this ElectroFinance Lease review and learn how this company allows you to lease electronics and purchase them later.

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ElectroFinance Lease: lease electronics with the ability to own them

ElectroFinance Lease
Learn everything about ElectroFinance Lease. Source: The Post New.

Picking up your products is as easy as going to the nearest Best Buy store. It is literally that simple. Check it out in this ElectroFinance Lease review.

With this company, you can lease electronic gadgets and equipment with the opportunity to pay early and own it outright.

ElectroFinance Lease

How to apply for ElectroFinance Lease

In this ElectroFinance Lease application guide you will learn how to easily lease products using this platform.

  • APR: N/A
  • Lease Purpose: Electronic equipment and gadgets
  • Credit Needed: N/A
  • Terms: N/A
  • Origination Fee: N/A
  • Late Fee: N/A
  • Early Payoff Penalty: N/A

How does ElectroFinance Lease work?

ElectroFinance Lease offers a rent-to-own program where you can purchase electronics such as laptops, tablets, TVs, phones, cameras, as well as other electronic accessories.

The company does not perform credit checks on its companies and it also does not report to credit bureaus.

So if you are trying to build credit, this company will not help you do that (not hinder either).

This electronics lender fulfills their products through BestBuy, and it goes through a lease program called Akima, one of the largest in the country.

Besides Akima, ElectroFinance uses other two programs called Tempo and Progressive Leasing. 

This lender is especially interesting for those who may not have the credit or the funds to purchase electronics.

With ElectroFinance you can shop for brand new electronics with same-day pickups on most items.

The service is available nationwide, except in Minnesota, New Jersey, Wisconsin and Wyoming. 

The company offers no credit leasing and financing options for as little as $50, and applying for a lease has no impact on your credit. 

When you apply for a lease the decision comes out instantly. All you have to do is add the items to your cart, and if you get approved, your payment will be set up to match your payday.

Once you check out you can drive to your nearest BestBuy store and pick up your items. It is that simple.

The only requirements you must meet are that you need to be at least 18 years old, have a Social Security Number or ITIN, a checking account, and a debit or credit card.

ElectroFinance Lease: should you apply for it?

ElectroFinance Lease
The best way to get the electronics you need is with ElectroFinance Lease. Source: Canva.

Now that you are familiar with the details of this lender, how about a comparison between its benefits and disadvantages? Our ElectroFinance Lease review would now be complete without it.

Have a look at the list of pros and cons we have prepared for you below.

Pros

  • Does not require a credit score
  • Allows monthly payments
  • User-friendly website
  • Easy access to products through BestBuy stores

Cons

  • Not available in certain states
  • Early pay unavailable in certain states
  • Higher prices than paying with cash or credit card

What is the required credit score?

ElectroFinance Lease does not require applicants to even have a credit score. It does not report to credit bureaus either, so it will not help you build credit.

Learn how to apply for ElectroFinance Lease

So, do you like what you have seen in this ElectroFinance Lease review? If so, you might want to take the next step and apply for a lease.

In the link below we have prepared a guide to help you do just that. Click it and we will show you how to do it.

ElectroFinance Lease

How to apply for ElectroFinance Lease

In this ElectroFinance Lease application guide you will learn how to easily lease products using this platform.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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