The Lease-to-Own Program from Progressive can be a great way to getwhat you want right now. Progressive offers a simple lease-to-ownprogram. If you complete all standard recurring auto-lease payments orexercise an early purchase option, you will own the product(s).

Standard agreement offers 12 months to ownership. 90-day and otherearly purchase options cost more than the retailer's cash price (except3-month option in CA). To purchase early or to cancel lease you mustcall 877 898-1970. Retailer cannot activate early purchase options.

No, we do not charge an application fee or processing fee. Your initial payment will be made using the credit or debit card you consent to be charged in the lease-to-own agreement. This is the first payment for your lease and is part of the 12-month lease-to-own total. If you are not approved, you will not be charged anything.

As a Progressive Leasing customer, you can pay automatically or make one-time payments. Let's dive in. 

Automatic Recurring Payments

Payments will be automatically deducted from your bank account or debit/credit card. Your scheduled payment frequency will default to the payday frequency you specified on your application. To learn how to set up the auto-payment option, click here. 

One-Time Payments

With our automated system, you can make one-time payments online or over the phone. Any payment made with a card will go toward your upcoming payment(s). Any payment made with a bank account (ACH) will be in addition to any scheduled payments, and scheduled payments will continue to be processed. To learn how to make one-time payments, click here. 

Payment Changes

To learn how to change your payment method, click here.

To learn how to stop or cancel a payment, click here.

“No Credit Needed” means that you don’t necessarily need to have credit history or a strong credit score to be approved for lease-to-own. We do check credit bureau reports; however, we look at many other data points to make a final decision, and we regularly approve customers with less than perfect credit or very little credit history.

Does it matter that I have bad or no credit?
Our decision process allows us to consider more than just credit reports and credit scores. We regularly approve people with less than perfect credit or very little credit history. However, not all applicants are approved.

Does Progressive Pull Credit Reports?
Yes. Credit bureau reports are requested for all applicants, but Progressive Leasing looks at many data points in these reports besides credit scores. By doing so we can approve many customers with less than perfect credit or with a thin credit file or no credit file.

What's the difference between a hard and soft credit inquiry?
Progressive Leasing will only make soft inquiries to the big three Credit Bureaus (Transunion, Experian & Equifax). Other secondary bureaus, however, do not offer a soft inquiry option. An inquiry occurs any time an individual or business requests a copy of a person’s consumer bureau report – also known as a credit report. The bureaus keep a record of all inquiries made. Creditors and scoring models could consider inquiries a negative factor in a consumer’s report. On a soft inquiry, the inquiry is only visible to the consumer if requesting a copy of their own consumer report, whereas a hard inquiry can be seen by other credit reporting agencies and may impact FICO or other credit scores.

Will a lease-to-own application impact my credit score?
Applying for a lease-to-own agreement with Progressive Leasing should not impact your FICO score; however, we do look at credit bureau reports.

Does Progressive report to credit bureaus? Can I build up my credit by doing a successful Lease?
No. We do not currently report to credit bureaus. Progressive Leasing provides a lease-to-own purchase program, not credit.

Standard Lease-to-own agreements are set up for 12-month to ownership.