Merchants Preferred

About Merchants Preferred

Preferred Lease offers a flexible, lease-to-own solution that allows customers to acquire furniture, electronics, appliances, and more without the need for credit. The company serves a diverse range of clients, providing an alternative to traditional financing methods. Operating in the retail market, Preferred Lease partners with both local and national retailers across the country to offer its services. Customers can easily shop and apply for lease agreements through the company's mobile app, online platform, or in-store at top retailers. Payments are made convenient with flexible options that cater to individual preferences. The business model revolves around leasing merchandise to customers, who then make scheduled payments until the item is fully paid off and becomes theirs to keep. Preferred Lease generates revenue through these lease payments and offers hassle-free returns if customers decide they no longer want an item. The company's proprietary technology streamlines the leasing process, making it accessible and straightforward for users. With a recent acquisition of Acima and a strong omni-channel strategy, Preferred Lease is poised for substantial growth and success in the future.