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LeaseVille

A Comprehensive Review of LeaseVille including how to purchase, comparisons, company history, pros, cons, reputation, comparisons and more.

LeaseVille, A Comprehensive Review | National Credit Direct

A consumer shopping trend that has been gaining popularity for the purchase of big-ticket items is the rent-to-own model. Also known as lease-to-own, this type of purchase agreement dates back to the nineteen-thirties in the UK and the nineteen-fifties in the US.

LeaseVille: A Company History

Established in 2009 and headquartered in Los Angeles, CA, LeaseVille.com boasts a respectable reputation as a Lease-to-Own company and has satisfied many customers who rate the company highly across several online review platforms.

LeaseVille offers the latest products that you might need, without the need for perfect credit. And without requiring that you come up with all of the cash up front. Instead, you can select from a wide range of top-selling brands at competitive lease to own prices. At LeaseVille, their mission is “to provide the top selling brands at the most competitive lease to own prices across the industry.

Giving people with poor credit an easy way to get the products they want from the comfort of their own home.” And with an easy approval policy, no hidden charges, and no obligation to continue beyond your current payment - along with their A+ Rating from the Better Business Bureau - LeaseVille demonstrates that you can rest assured of a satisfying experience. Instead, you can buy what you need without a credit card and with no money down.

How LeaseVille Works

LeaseVille strives to offer the “perfect solution” for your shopping needs. Here is a brief overview of how LeaseVille works.

Follow these simple steps to place your order:

Step 1: Shop

You can shop from thousands of top-selling name-brand appliances, electronics, fitness equipment, lawn equipment, tools, and more on their website, LeaseVille.com. Once you find what you are looking for, simply and easily add the product(s) to your shopping cart, sign-up for your account, and proceed to checkout.

Shop

Step 2: Apply

As part of the checkout process, you will be requested to fill out an online application. Upon completion of your application, you will receive instant feedback as to whether or not you have been approved. You can qualify for an instant spending limit of up to $3,500 to shop for the brands you love, including the latest selection of appliances, electronics, furniture, and much more.

Apply

Step 3: View Product Details

Once LeaseVille approves your application, you can review your lease contract and E-sign it. After you e-sign and the opening account required payments have been cleared, you are all set to follow through with your purchase. LeaseVille will send you the details regarding delivery or pick-up instructions via email.

View Product Details

Step 4: Lease to Own

When you receive your order, your recurring rental payments will commence. You have the flexibility to make full payment to own the product outright, rent it as you go, or cancel the monthly lease agreement and return the product anytime.

Lease to Own

LeaseVille Pros and Cons

When considering which Lease-to-Own company to work with, it’s extremely helpful to consider the pros and cons associated with the business.

Here are some of the pros and cons of LeaseVille to make sure this is the right purchasing model for you and your family:

Pros

LeaseVille Pros
  • No Credit Needed -- Leasing to own with LeaseVille is convenient, accessible, and easy for customers. Plus, they do not require a credit check. That is because the arrangement is not an extension of credit. Therefore, LeaseVille offers a “No Credit Needed” on their rent-to-own contracts.
    Now, while there is no established credit score rating required, there is also no guarantee that you will be granted approval. LeaseVille will check limited information about your creditworthiness profile using credit agencies, but since they do not pull credit from the major agencies, the good news is your application will not affect your FICO score.
  • No Commitment -- LeaseVille also offers a "No Commitment" policy, which indicates that this is similar to a monthly rental where customers have the option to own the product in the future. The arrangement does not equate to a debt on your credit report, and you are free to cancel your contract at any time and return the merchandise. There is no long-term commitment and no hidden fees. And if you have poor credit, you’re still eligible.
  • Early Payoff Options -- Depending on your lease terms, you might even be able to pay off an item at any time by using LeaseVille’s “Early Purchase” options during the first 100 days. Your early purchase price will be equivalent to the listed cash price in the lease agreement. Once the 100-day period passes, your early purchase price will be almost half or 50% of your remaining lease-to-own payments.
  • Quick and Easy & Safe and Secure -- LeaseVille is aligned with some of the world’s most secure partners and solutions to make your shopping experience safe and secure. You can be confident that you are protected with the latest safety and compliance protocols. LeaseVille is vigilant about your privacy and data security. And they will never sell your data.
  • In-Store Pickup or Quick Delivery -- Once your first payment clears, LeaseVille will release your order for shipment or store pickup, depending on which option you select at checkout. Deliveries are made within 3 to 5 business days. Small items can be shipped via UPS or FedEx. Large items that are not picked up in store are delivered through LeaseVille’s White Glove delivery service, where major appliances and large TVs are unloaded and placed in the room of your choice. For in-store pickup, LeaseVille works with local vendors, such as Best Buy and Home Depot.
  • Prompt Customer Service -- LeaseVille's commitment to treating all its customers fairly with honesty and respect is one of its greatest advantages. You can have confidence that any concerns or questions you may have will be promptly addressed and answered.
    LeaseVille has beyond expectations customer service where they make every effort to ensure your needs are satisfied. The website has many positive reviews from actual customers. If you have questions related to ordering, you can head over to their Customer Support Center.
  • High Rating -- As already mentioned, one of LeaseVille’s biggest pros is that it has the highest rating possible, accredited by Business Consumer Alliance with an AAA Rating and an A+ Rating by the Better Business Bureau (BBB).
  • Instant Approvals -- LeaseVille has a quick approval process, where you’ll be asked to submit a quick and easy no-credit-needed application after finding products that you want. Although some approvals might require a manual review (in those cases, you will receive a decision via email within one working day), most application decisions are instantaneous.

CONS

LeaseVille Cons
  • Limited Ownership -- You will not own the products you rent, which means you cannot make modifications or alterations to the product, and you also cannot resell it if you no longer need it.
  • High Cost -- LeaseVille can be more expensive in the long run compared to buying the product outright. Customers can end up paying more in rental fees than the actual cost of the product, especially if they rent it for a long period of time.
  • Binding Agreements -- LeaseVille typically involves signing a contract or lease agreement that binds you to a certain period of time and payment schedule. If you want to cancel the lease agreement early, you may incur additional fees or penalties.
  • Limited Availability -- LeaseVille may not always have the products you are looking for, or they may only have a limited selection to choose from.
  • Possible Damage Fees -- Possible Damage Fees: You may be liable for damage to the rented product, which could result in additional fees or charges.
  • Maintenance Responsibility -- You may be responsible for maintaining the rented product, such as cleaning or repairs, which could be an additional cost or inconvenience.
  • Limited Customization -- Since you do not own the product, you may not be able to customize or personalize it to your liking. This may be a drawback for those who want to make changes or modifications to the product.
  • Hidden Fees -- Some LeaseVille agreements may have hidden fees that are not initially disclosed to the customer, which can make the rental process more expensive than anticipated.
  • Credit Requirements -- Some LeaseVille providers may require a credit check or have other credit requirements that could limit who can participate in the rental program.
  • Limited Warranty -- The warranty provided with a rented product may be limited or not as comprehensive as the warranty provided when purchasing a product outright, which could result in additional costs if something goes wrong with the product.
  • Rental Period Restrictions -- Some LeaseVille agreements may have restrictions on how long the product can be rented for, which may not be ideal for customers who need the product for an extended period of time.

All in all, while LeaseVille can be a convenient option for some, it's important to carefully weigh the pros and cons before deciding whether or not it’s the right rental program for you and your family.

LeaseVille Reputation Reviews

LeaseVille Reputation Reviews

Listed below are the Ratings and Customer Feedback for LeaseVille as gathered and rated by different 3rd-party independent review companies:

LeaseVille vs. FlexShopper

LeaseVille vs. FlexShopper

FlexShopper is another lease-to-own company like LeaseVille that is just as renowned and operates via its website on a digital basis. It, too, offers an expansive range of products, ranging from furniture, electronics, appliances, etc., from major brands.

FlexShopper provides you an easy and flexible way to get your favorite electronics, furniture, and various other merchandise items of multiple brands, all under one roof.

LeaseVille offers affordable and easy payment options available for consumers. Moreover, it does not require any credit or down payment. With LeaseVille's impressive lease-to-own business model, you can rest assured to benefit from a fast and easy approval policy, no obligations, and no hidden charges.

LeaseVille takes great pride in providing people with poor credit access to their desired products from the ease and comfort of their homes. The "convenience" factor drives people significantly towards a particular brand or business, which is why LeaseVille is a fantastic place to shop for your favorite products on lease-to-own.

Still, many other things make FlexShopper stand out. For instance, FlexShopper lets you shop from over 100,000 products. The company lets you lease automobile tires and other products from renowned retail stores.

In addition, it too has a lease term of 1 year and offers monthly, bi-weekly, or weekly rental payment plans to its customers for up to 1 year to lease the product.

The approval process for LeaseVille is relatively quick for users. They'll be asked to submit an easy, fast, no-credit-needed application while checking out your selected products. The application decisions are almost instant.

Some approvals for LeaseVille might call for a manual review for verification purposes. But even then, users will usually get their decisions within one working day via email. On the other hand, the lease-to-own purchase program's approval program for FlexShopper is also relatively simple, straightforward, fast, and free.

The company's primary aim is to aid people with poor credit or without cash to obtain their favorite merchandise today while significantly providing them the flexibility to pay off the amount gradually.

FlexShopper allows you to apply for an instant spending limit of $2500 in just a few simple steps. Your approval process is guaranteed as long as you fulfill the specified requirements.

On the other hand, you can qualify for an instant spending limit of $3,500 to shop for the brands you love in LeaseVille, including the latest selection of appliances, electronics, and more.

FlexShopper and LeaseVille do not have tangible stores where you can physically shop from. Despite that, LeaseVille provides an in-store pickup service, where you can pick up the items from your nearest major retailer. Similarly, there are many other ways in which FlexShopper lets you benefit, including an installment finance option that you can apply for online.

LeaseVille vs. Aaron’s Rents

LeaseVille vs. Aaron’s Rents

Aaron's Rents is one of the oldest and most reputable rent-to-own stores with a massive range of furniture, appliances, and electronics. It was founded in 1955 and has multiple locations across many parts of America.

This store allows its valuable customers to significantly benefit from various products and brands and exclusive payment plans. This is why Aaron's Rents is one of the most sought-after lease-to-own stores to shop from for all your desired products.

The product categories are more or less similar to LeaseVille, except that Aaron's Rent boasts a significant collection of furniture items from some of the top-selling brands.

Based on where you are located, you can visit your nearest local Aaron's Rental store and shop from a vast product range, including name-brands like Boyd Sleep, Global Furniture, Samsung electronics, GE appliances, Abbyson Living, Acme Furniture, Ashley's Furniture, Elements International, among others.

However, LeaseVille has an excellent range of products in its electronics section, including Macbooks, Apple products, and many other renowned brands, which you can pay for over a specific period before finally owning them.

Its online presence makes it easy and accessible for customers to look for their favorite items across various product categories, including health and fitness, appliances, lawn equipment and tools, and an extensive range of electronic items like smartphones, TVs, gaming consoles, watches, tablets and computers, smart home, and security, etc.

Both LeaseVille and Aaron's Rental have a no-credit needed policy. Even though LeaseVille requires no established FICO score, there is no guarantee that the company will grant your approval. As a result, LeaseVille might check for your creditworthiness from some other (but not major) credit agencies.

Similarly, purchasing lease-to-own items with Aaron's Rental is effortless and convenient, and you can easily own your desired products without requiring a credit. In addition, one of the things that makes Aaron's Rents stand out is its ability to provide flexible and affordable lease ownership and payment plans that will fit into anyone's budget with zero hidden charges.

On the other hand, some other things that make LeaseVille, particularly, such a famous lease-to-own company, are its referral program and no early buyout penalty policy.

In LeaseVille's Referral Program, you and your friend can be rewarded if you refer them to shop for lease-to-own products and place an order on LeaseVille. In addition, the no early buyout penalty is another benefit at LeaseVille. The sooner you buy out an item, the greater the money you can save.

LeaseVille vs. Rent-A-Center

LeaseVille vs. Rent-A-Center

Rent-A-Center is another major competitor of LeaseVille and offers similar merchandise such as computers, televisions, gaming consoles, home appliances, and many more under different rental contracts.

It's a popular rent-to-own industry leader aiming to enhance individuals' quality of life by investing in big-ticket items. The company takes great pride in offering name-brand items such as Whirlpool appliances, Ashley Furniture, Samsung electronics, etc., all with an option of owning it when you are ready at a payment you can afford.

At Rent-A-Center, you can get your desired products without using a credit or increasing your debts. Moreover, you can benefit from various ownership options and easy payment options.

Another thing Rent-A-Center is known for is its ability to offer repairs and services on products for free for the life of your lease contract. In addition, it also provides a warranty for the duration of the rental agreement on its products.

Like LeaseVille, Rent-A-Center also offers its customers the option to buy out and pay off their items early, ultimately decreasing the total ownership cost.

The primary difference between Rent-A-Center and LeaseVille is that the latter mainly focuses on smaller electronic items and does not offer a huge selection of furniture items like Rent-A-Center does.

LeaseVille's most noteworthy plus point is that it treats all its customers fairly, respectfully, and honestly. You can rest assured that the customer service representatives of LeaseVille will promptly address and respond to all your concerns and queries.

Besides this, LeaseVille provides quick delivery facilities, and your product can be delivered to your doorstep in just 1-3 working days. You can also benefit from its in-store pickup facility, where you can pick up your desired item from your nearest local retailer.

However, this depends on the item's availability at your closest retail store and what you chose during the checkout process). On the other hand, Rent-A-Center has numerous stores nationwide along with a digital presence, allowing you to purchase your favorite lease-to-own merchandise online or by visiting the store in person.

The Benefits of Renting from LeaseVille

The company’s lease-to-own business model is centered around two primary benefits: flexibility and affordability.

Flexibility

  • Consumers can select their preferred payment plan and lease term based on their unique financial situation
  • The flexibility of the lease-to-own model allows consumers to upgrade or exchange their products during the lease term
  • Lease payments may be adjusted or deferred to accommodate unexpected financial challenges

Affordability

  • Low down payment options make it accessible to a wide range of consumers
  • Competitive pricing ensures that consumers are not paying more than they would with traditional financing options
  • Lease payments made during the term are often applied towards the purchase price of the product, making ownership more accessible and achievable

Accessibility

  • Lease-to-own options provide greater access to household appliances, electronics, furniture, and other goods for consumers who may not have the upfront funds to purchase the products outright
  • Lease-to-own options provide an alternative to traditional credit and financing options, which may not be accessible to all consumers
  • The lease-to-own model may provide greater flexibility for consumers with limited credit histories or poor credit scores

About the LeaseVille Referral Program

LeaseVille has a referral program that rewards its customers who refer their friends and family to buy their products. It’s a well-thought-out referral program that has some great benefits. Here is how it works:

About the LeaseVille Referral Program
  • Customers who refer their friends and family to LeaseVille will receive a referral bonus of $50 for each new sign-up and their first product order.
  • To take advantage of the LeaseVille Referral Program, customers can just simply log in to their LeaseVille account and access the "Refer a Friend" page.
  • Customers can then enter their friends and family members email addresses who might be interested in LeaseVille's products and services.
  • When the referral is sent, the friend or family member will receive an email invitation to sign up for LeaseVille.
  • When the referred friend or family member completes their first order, the customer who made the referral will receive a $50 referral bonus that can be applied to their account balance or they can use it to make a purchase on LeaseVille's website.
  • Great news! There is no limit to the number of referrals a customer can make, so customers can have the potential to earn a significant amount of referral bonuses over time.

Overall, LeaseVille's referral program is a great way for customers to earn rewards for sharing the company's products and services with their friends and family members.

The LeaseVille No Early Buyout Penalty

LeaseVille's "No Early Buyout Penalty" is a cost saving feature of their lease to own program that allows customers to purchase their rented product before the end of their lease agreement without incurring any additional fees or penalties.

Here's how it works:

No Penalty for Early Buyout

Customers can decide if they want to buy out their rented product before the end of their lease agreement, they can also do so without any penalty or additional fees.

Flexibility to Own the Product at Any Time

This means that customers have the flexibility to own the product outright at any time during the rental period, without being locked into the full term of the lease agreement.

Beneficial for Customers Planning to Purchase

This feature can be particularly beneficial for customers who are renting a product with the intention of eventually purchasing it, as it allows them to do so at any time without incurring any extra costs.

Purchase Price Based on Rental Agreement

The purchase price of the product will depend on how much of the rental agreement has been completed, so customers may end up paying more or less than the original purchase price depending on how long they have been renting the product.

Option to Change Mind and Purchase Product

The No Early Buyout Penalty feature also means that customers have the option to rent a product with the intention of returning it, but can change their mind and decide to purchase it if they find that they really like the product and want to keep it.

Overall, LeaseVille's No Early Buyout Penalty feature provides customers with added flexibility and choice when it comes to renting and purchasing products, without being penalized for making changes to their plans or preferences.

Placing an Order on LeaseVille

You can place your order(s) easily on LeaseVille.com by following these 4 simple steps.

Step 1: Select your Product Category

Here, we will choose the Electronics section, which comprises TVs, Gaming Consoles, etc.

Select your Product Category

Step 2: Narrow the Search and Choose Your Product

Next, you must taper down your search within the Electronics product category. Here, we will choose “Gaming Consoles.” Then you simply select your item.

Narrow the Search and Choose Your Product

Step 3: Check Pricing Details

On the same page, you will see a section under the label “Pricing Details.”

Here, you can view all the relevant payment information for your selected lease-to-own product, such as Rental payment (bi-weekly), ownership options and cost, early buyout price (if you want to avail of this option), etc.

LeaseVille lists all the possible details to help the customers make a well-thought-out decision.

Check Pricing Details

Step 4: Add Product to Cart

After viewing the details, you can click on “Add to Cart.” You will be redirected to this page, where you will come across other options, such as:

Add Product to Cart
  • Update Cart: in case you want to go back and add other products.
  • Apply Discount: in case there you have a discount coupon and avail of it.

Step 5: Checkout

Next, click “Continue,” and you will receive a pop-up message as shown in the image below. Here, you can either checkout using your account (if you already have an account on LeaseVille) or Create an Account and checkout as a new customer.

Checkout

The checkout process involves identifying who you are by providing your email, contact info, and Social Security Number. By providing this information, LeaseVille can auto-complete the fields in the application for your review and editing. (Remember: LeaseVille will not sell your data. Period).

Frequently Asked Questions - FAQs.

Q1. Is LeaseVille a good site?
A1. LeaseVille is an excellent platform and a great place to shop for your favorite brands and products with superior customer service and no hurdles.
Q2. Does LeaseVille sell flooring?
A2. No, LeaseVille does not sell flooring.
Q3. How does the LeaseVille no-credit policy work?
A3. LeaseVille’s “No Credit Needed” policy indicates that this isn’t a credit or financial transaction, and the lease-to-own option doesn’t appear as a debt on your credit report. This means that you’re never locked into a contract beyond your current lease payment.
Q4. Is LeaseVille legit?
A4. Yes. The company has been operating since 2009 offering affordable and flexible lease-to-own solutions in appliances, tools, electronics, etc. Therefore, you can bring home what matters to you today.
The Better Business Bureau (BBB) and the Business Consumer Alliance accredit LeaseVille with the highest possible ratings of A+ and AAA, respectively. In addition, LeaseVille allows you to lease your desired products without breaking the bank and does not require perfect credit.
Q5. Does LeaseVille report to credit bureaus?
A5. LeaseVille is a lease-to-own company that does not perform credit checks that impact your FICO score. Customers with poor credit are welcome because the approval process depends primarily on your bank account’s health, income, and other facts associated with your identity. Still, LeaseVille might examine your creditworthiness with alternative credit agencies, but not the major ones. And they do not report to credit agencies.
Q6. How long does it take to get approved?
A6. Application decisions are almost instant. Once you’ve placed your order and filled out the secure application, you will receive a notification of the decision regarding your approval. Some approvals might call for a manual review for authorization purposes. Even then, you can receive a decision within one working day via email.
Q7. How do I qualify LeaseVille?
A7. The minimum qualification conditions for approval comprise a steady income of at least $1200/month over the past 6 months. You should also have an active checking account that’s in good standing with no overdrafts or insufficient funds.
Furthermore, you can find everything LeaseVille requires on the application form, including your Social Security Number, contact details, Banking information, DOB, income, etc., for qualification and verification purposes.
Sometimes, the company might ask for additional information to verify your income, identity, and address.
Q8. Does LeaseVille check credit?
A8. Even though LeaseVille has a no-credit policy, it can check for your creditworthiness from various credit agencies.
Q9. How long does it take LeaseVille to ship?
A9. LeaseVille offers swift deliveries, and your item will be shipped and delivered to you within 1-3 working days. This happens after LeaseVille approves you for the lease-to-own program, you E-sign your agreement, and the initial lease payment is cleared.
Q10. What happens if you don't pay LeaseVille?
A10. While there are no down payments involved, the first payment must be cleared before your order’s shipment. You can check out their Terms of Services to better understand what happens if you do not pay LeaseVille.
Q11. Is LeaseVille a scam?
A11. No, it is not. LeaseVille was established in 2009 and is accredited by the Better Business Bureau (BBB), eKomi, and the Business Consumer Alliance with impressive ratings. The company has many satisfied customers and received many positive consumer reviews.
Q12. Does LeaseVille contact clients?
A12. Yes, if you have ordered a larger item, a delivery agent will contact you by phone and schedule a time slot for the delivery. Regarding the shipment of small items, an agent will get in touch with you through email to provide you with tracking information as soon as the vendor(s) ship you the item(s).
Q13. How to cancel an order on LeaseVille?
A13. You can cancel your order(s) at any time with no penalties before it ships. If you have received a lease contract but have not yet signed it, you can fill out the cancellation form with your name, order number, and reason for canceling.
However, if you’ve signed your lease contract and the payment has been processed on your account, you can contact the respective team at 888-428-5520. In addition, if you do not want the item once you’ve received them, you can check out the Returns page.
Rent to Own Comparison Chart