Acima Leasing Review: Pros, Cons, and Alternatives

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Key takeaways

Acima offers a lease-to-own financing option for individuals with poor or no credit history.
Early purchase options, including a 90-day plan, allow consumers to save money by paying off their lease early.
The total cost of leasing can be high if payments are stretched over the full term.

Acima is a lease-to-own provider that allows customers to finance purchases up to $5,000 instantly. It can be used for a variety of items, all without a hard credit check. Common uses include furniture, electronics, and household appliances.

Acima has no minimum credit score requirement. This makes it easy for customers who cannot get traditional loans or credit lines. The company also offers flexible payment options and the ability to own the item early without any penalties.

While flexible and accessible, Acima can be expensive. Read on to see how Acima works and if it’s a good fit for you.

What is Acima leasing?

Acima is a lease-to-own financing company. It allows you to acquire products without relying on credit or paying cash. Instead, Acima buys the item from the retailer on your behalf and leases it to you. You make flexible payments until you own the item or decide to return it.

The lease agreement is usually for 12 months, but Acima offers early purchase options that can save you money. The most affordable option is typically within 90 days of the purchase date. The process offers an accessible way to finance necessary purchases without needing a personal loan. While convenient, it’s important to note that the total cost can be significantly higher than the item’s retail price if you go the full term.

How does Acima Leasing work?

Acima Leasing is relatively straightforward. First, you choose from over 15,000 retailers and apply online or via the app. Then receive an instant decision for amounts ranging from $300 up to $5,000. The amount you’re approved for is based on your monthly income and checking account history rather than your credit score.

Once approved for a lease limit, you can go shopping. Shop online at AcimaMarketPlaceTM or the store you chose. Select eligible items, sign the lease agreement, and take the product home. Acima owns the product until you make all the lease renewal payments. Then, the merchandise is yours to keep. You can always purchase it early and save money.

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Lease terms

The lease term can be for 12, 18, or 24 months, with the option to own the item by completing all payments. Customers can purchase items early without any penalties.

Fees

Acima does not charge application fees or interest as it is not a loan. It does include fees as part of its lease agreement and sales tax on all payments. The total amount you’ll pay depends on the item’s Acima Cash Price and the cost of the lease services. If paid over the full term, the total cost will be approximately double the item’s original price.

Other fees include:

Late payment fee: Set up autopay and make timely payments to avoid late fees.

Purchase fee: If you choose to purchase the item after 90 days, they will charge a small purchase fee, typically $25.

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Early purchase options

You can get a discount for early buyouts.

Pay within 90 days: You will only pay the original cash price plus the purchase fee.

Pay after 90 days but before the end of your lease term: You will pay a lump sum that is typically 65% of what you still owe.

Early buyouts can significantly reduce the overall cost of leasing.

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Lease repayment assistance

Acima provides flexible repayment assistance options. After your first payment, you can adjust the date and frequency of your payments to align with your paycheck.

If you no longer want the leased item, you can return it in good condition without owing any further payments. There are no penalties for canceling the lease agreement, but you will not get the money you’ve already paid back.

Accessible customer service

You can reach customer support via phone at (801) 297-1982. Call Monday through Friday from 6 a.m. to 7 p.m. MT and Saturday from 7 a.m. to 4 p.m. MT.

The online chat option is available Monday through Friday from 7 am to 9 pm MT and on Saturday from 7 a.m. to 7 p.m. MT.

Acima is known for being responsive and helpful in addressing concerns, answering questions, or adjusting payment plans when needed.

What you can use Acima for

You can lease various products, including:

Furniture

Electronics, including computers, laptops, tablets, smartphones

Appliances like washers, dryers, dishwashers, and freezers

Tires

Mattresses

Jewelry

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Handbags

Camera equipment

Products that you cannot lease include items meant to be permanently attached to your home or vehicle, clothing, apparel, and consumables. High-risk items like chainsaws, trampolines, firearms, weapons, and ammunition are also not allowed.

How to qualify for an Acima lease agreement

To be eligible, you must meet the following basic criteria:

Be 18 years old or older
Have an active checking account and receive at least $750 in monthly income
Have at least three months of consistent income from your current source of income
Provide a government-issued photo ID and a social security number (SSN) or Individual Taxpayer identification number(ITIN)

Acima does not have a minimum credit score requirement, as they put more emphasis on your income history and checking account. They will check your score through a soft credit pull. A soft credit check has no effect on your score.

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Acima may be a good choice

Acima’s lease-to-own product is the perfect fit for certain consumers:

Less-than-perfect credit: If you have limited or poor credit and need a flexible financing solution, Acima can be a good choice. It doesn’t rely on your credit score for approval, so it is more accessible than credit cards or personal loans.

Flexible payment terms: You can adjust your due date and frequency, stop paying, and return the item without penalties.

Avoid high-interest loans: Many personal loans for people with bad credit come with sky-high interest rates. Acima does not charge interest, and so it may be the more affordable option.

Quick purchases: Acima approves applications instantly and lets you receive items immediately.

Dealing with bad credit?

Acima is not a good fit

Acima is a good option for many, but not everyone. Those who may want to consider other options include:

Access cheaper credit: You will pay more for the leased item than the retail price. If you qualify for traditional financing, you will likely save money and receive longer repayment terms.

Cannot commit to regular payments: Missing or falling behind on your lease payments can lead to additional fees, making the total cost even higher. If you are unsure about keeping to the payment schedule, it might be better to look at other financial options. You could also save money and pay in cash.

Unable to pay the lease early: If you cannot pay the lease off before the term ends, you will pay double the retail price.

Need a higher lease amount: If you need a higher amount than $5,000, you’ll have to look elsewhere.

How to apply

Applying is a simple process that can be done online or in-store.

Choose your participating retailers: Use the store locator to find nearby stores, explore the Acima MarketPlaceTM for online retail partners, or check the mobile app.
Apply online or in-person: Once you’ve chosen a merchant, fill out the application. You’ll need to provide basic personal information: income details, checking account information, and a valid government-issued ID.
Review your lease agreement: Acima will quickly review your information and send approval within minutes. When you receive your agreement, look over the lease details to understand the total cost.
Lease your items: Next, agree to the repayment terms, complete the transaction, and make your initial payment. You can take your item home the same day.
Start making payments: You can choose a flexible schedule based on how often you get paid. Pay the lease off early and you’ll save money.

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Is Acima Leasing legit?

Acima Leasing reviews are mixed. Many customers appreciate the flexibility of their lease-to-own program and the 90-day purchase option. Others complain about paying more than the retail price. They have a 3.6 star rating on Trustpilot as of April 2025, with 69% of reviews being five stars.

Loyal Customer

“I’ve been a loyal customer of Acima for almost 5 years now and they have come through for me when most lenders wouldn’t. I truly appreciate that.”

Randy

April 11, 2025

💗 Thank You Acima💗

“I have had 4 contracts with ACIMA and no trouble with any of them, plus I needed mercy shown on this last one because I had an emergency to happen that caused me to miss my last payment and they were able to grant an extension w/ no charge. I truly Thank God & Acima and will definitely be using them again.”

KYoung

March 24, 2025

Helped When Needed But Know What You’re Getting Into

“I had a good experience and they helped me get furniture when I was turned down for financing. Luckily I was able to pay my lease off within the 100 days so I paid pretty much how I would have paid through the furniture store. Had I not paid it in the 100 days I would have paid almost 3 times as much as the furniture costs. If you don’t have a choice it is an option but if you can’t pay it off in 100 days you may need to consider other options. Again my overall experience was good but know what you’re getting into before you sign the papers.”

Nicole Odom

March 30, 2025

Some Acima leasing reviews note that the total cost can be high if customers make all the lease renewal payments.

Worst Loan Company Ever

“Worse loan company ever! My furniture was $2k, if I didn’t pay it off in 90 days then they were going to make me pay $6k. Then they charged me a payoff fee of over $100. They charged me to pay my couch off. When I spoke to customer service the lady was so rude and said so what if I never use the company again. Will never use them and would advise nobody to.”

Brianna Travis

March 4, 2025

Overall, Acima reviews praise the company for being an accessible option for those with poor or no credit. It has even earned an A+ rating on the Better Business Bureau for responding to customer complaints.

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Alternative financing options

Acima’s lease-to-own product is not the only way to finance larger purchases. Other options include:

Personal loans: Personal loans are flexible since you can use the money to purchase any item. If you have good credit, you are likely to receive a good interest rate. If your credit is poor, it will be harder to be approved for a low-interest personal loan, but not impossible.

Credit cards: Credit cards allow you to buy items and pay over time. If you pay in full during the grace period, you will not be charged any interest.

Buy now pay later (BNPL): BNPL apps provide interest-free installment plans for online purchases. Most BNPL apps also only conduct a soft credit pull. They are typically for smaller amounts and are repaid over four to six weeks.

Leasing can be convenient, but it can also be expensive. Consider alternatives and weigh the costs before you settle on a financing option.

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Frequently asked questions

1. Is Acima a good lease-to-own provider?

It is a good leasing option for individuals with poor or limited credit history who need access to essential items through flexible payment plans. Their leasing services offer an alternative to personal loans, with no credit check. The catch is you will pay more for the item if you complete the full lease term.

2. Is it hard to be approved for Acima?

Approval is not difficult as there is no minimum credit score requirement. Instead, Acima considers applicants’ income and checking account. The lenient requirements mean approval is generally straightforward and instant.

3. Does applying for Acima impact your credit score?

No, applying will not affect your credit score. When you apply, they conduct a soft credit check, which has no impact on your score.

4. Can you pay off Acima early?

You can repay your lease early and save money. Acima offers a 90-day early payment option, allowing you to own the leased item for the cash price plus a small fee. Even after 90 days, Acima provides additional early buyout options that reduce the overall cost.

5. Does Acima report to credit bureaus?

Acima generally does not report lease activity to major credit bureaus. This means making on-time payments won’t typically help build your credit. If you have missed a lot of payments or are in default, Acima may report this to credit bureaus. This can hurt your credit score.

6. Does Acima check credit?

Acima does not perform a hard credit check when you apply. Instead, it uses a soft credit inquiry and reviews your income and banking activity to determine eligibility. A soft check won’t affect your credit score or go on your credit report.

Bottom line

Acima offers a flexible and accessible alternative to personal loans and credit cards for individuals with limited or poor credit. Its lease-to-own options allow consumers to obtain essential items like furniture, appliances, and electronics without undergoing a credit check. It can be a useful solution for anyone who needs immediate access to goods but cannot secure conventional financing. The catch is that costs can significantly increase if you complete the lease agreement.

Ultimately, Acima may be a good choice for those who need merchandise, don’t have access to credit, and can pay off the lease within 90 days. Always weigh your alternatives and read the fine print before committing to any financial agreement.

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Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor’s credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor’s degree in journalism and an MBA.

Acima Lease-to-own 2025 Review

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