Preferred Lease offers the following benefits:
Introducing an alternative way to shop for the name-brand items you want at the stores you love – without paying cash or using credit. After completing an easy application process, you’ll be approved instantly to begin a lease-purchase agreement that will allow you to get your merchandise right away for a low initial payment, then make affordable payments as you go until you’re ready to own it.
- Easy to apply!
- NO CREDIT NEEDED
- Monthly credit reporting to 3 bureaous
- Leasing terms up to 24 months
- Early payoff options
- Quickest qualification process
- Auto draft payments
The requirements are as follows:
- You must be 18-years or older
- Valid Social Security number or ITIN
- Routing & account numbers for an active checking account or Saving account (30 days required)
- Credit or Debit Card
- Earn at least $600 going through the account monthly
- Initial payment $0-$49
Cash, Social Security income or self employment are welcome with a valid Traditional Checking Account.