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December 24, 2020 5 min read

5 Myths About Financing Furniture In 2021 (Why Financing Furniture Could Be Easier Than You Think)
5 Myths About Financing Furniture In 2021 (Why Financing Furniture Could Be Easier Than You Think)

Are you looking to furnish a new home but you aren’t quite ready to pay for your purchase in cash? A financing or lease to own option may be the next step for you. Using purchasing options your furniture can help you decorate your house quickly without the immediate sting to your bank account.

Many people have reservations about financing or lease to own purchases. The idea of paying for something later and receiving it now creates a feeling of “too good to be true” and can make people wonder if they are getting taken advantage of in this so-called deal.

At Furniture Fair, we have worked with multiple financing and lease to own programs in our 50 plus years, and we’ve seen many of the concerns that customers have about furniture purchase options. We want to alleviate some of those concerns and let you apply for your furniture lease purchase options with confidence.

Read on to discover five myths about financing, lease to own furniture, and learn a bit more about the furniture purchase option process. Your new living room could be closer to reality than you think. After reading this article, you will better understand how furniture financing and lease to own works and why it might be right for you.

5 Myths About Furniture Financing  (Why Lease To Own Could Easier Than You Think)
5 Myths About Furniture Financing  (Why Lease To Own Could Easier Than You Think)

Myth #1 - My Credit Isn’t Good Enough To Get Approved

Most people think that getting approved for purchase options requires a high credit score. A required high credit score can be a pretty intimidating factor to consider when looking into getting a lease purchase option. Nobody wants to feel that disappointment of getting rejected for an application.

However, there are programs available that do not require credit. Furniture Fair has two purchase option plans available, Progressive Leasing and Snap Financing, both of which have no credit needed.

No credit needed means that your credit score doesn’t need to be perfect. If your credit score isn’t where you would like it to be, don’t worry. You may still be able to get financing or lease to own plans for your dream furniture.

5 Myths About Financing Furniture In 2021 (Why Financing Furniture Could Be Easier Than You Think)

Myth #2 - I Cannot Afford To Pay A Deposit

The second myth that stops many people from considering lease purchase options is needing a deposit. While some Lease to own programs do require a deposit for approval, others have no deposit required.

Snap Financing and Progressive Leasing both have no money down options, and Synchrony Financing sometimes makes no money down offers. If you need new furniture, but can’t afford to pay the full amount upfront, financing or leasing with no money down could be a viable option for you.

It should be noted that while the purchase option companies may not require a deposit, Furniture Fair may require a deposit. You should ask your salesperson about whether or not a deposit is required.

Do not let deposit worries stop you from seeking out the furniture that you need. With the available purchase option programs, you can get your furniture and pay no initial deposit.

5 Myths About Furniture Financing  (Why Lease To Own Could Easier Than You Think)
5 Myths About Furniture Financing  (Why Lease To Own Could Easier Than You Think)

Myth #3 - I’ll Be Paying For My Furniture Before I Even Get It

Another apprehension many people have with lease purchase options is that they will be paying the costs before they even receive the furniture. Delivery time and payments are an incredibly valid concern for 2020 and beyond with uncertain shipping times and product availability.

2020 has been a curveball for the business, shipping, and delivery industry, and everyone has been affected by it. However the customer shouldn’t have to be stuck paying for something that they don’t even have in their home.

Thankfully this concern is unfounded. The lease purchase options available at many furniture retailers do not start processing until after the furniture is in your home. This means you won’t pay a dime until you begin using your new furniture.

Once you’ve made your purchase, you can rest easy knowing that you won’t pay a dime of your purchase option cost until your furniture has been delivered to your home or picked up by you.

We know how annoying it can be to pay for things that you don’t even get to use. With most lease to own programs, you don’t pay until you have the furniture in your home.

5 Myths About Financing Furniture In 2021 (Why Financing Furniture Could Be Easier Than You Think)

Myth #4 - I Don’t Trust My Private Financial Information In The Hands Of Strangers

Your financial information should be carefully protected from any potential threats to your money. The last thing anyone wants to experience is to have their money or personal information stolen.

Thankfully the application process for lease purchase options is remarkably secure. The Salesperson will not handle any of your sensitive information or personal data, rather it will all be collected through a secure terminal and then processed by a third party secure financial company.

Your information will remain secure and in the hands of the financial institution that you apply under. Your financial security is something that both Furniture Fair and our purchase option companies treat with the utmost of respect.

When shopping for new furniture and considering whether or not to use purchase options, do not let the thought of your information being stolen deter you from getting your dream furniture.

Using the secure application processes available, you can get your furniture fast, easy, and secure.

5 Myths About Furniture Financing  (Why Lease To Own Could Easier Than You Think)
5 Myths About Furniture Financing  (Why Lease To Own Could Easier Than You Think)

Myth #5 - I Cannot Get Approved For The Amount Of Furniture I Need

This last myth is something that people shopping for whole rooms or even houses often believe. “There’s no way I can get purchase options for this amount of furniture! ”you might think before going to a cheaper lower quality furniture option.

However, you would be surprised at what you can get approved for a lease or financing. Large Lease purchase options will depend on your credit score however, and the better your score, the more you will be able to lease to own.

You will be surprised at how much you can actually afford with a good credit score. Some customers have furnished entire houses and been approved. Other customers have gotten their ideal matching custom sofa, loveseat, and sectional designs.

Make sure that your credit score is in good standing and you will have a much higher chance of approval for that new interior design renovation. Your dream home can be one step closer to reality with a good credit score.

5 Myths About Financing Furniture In 2021 (Why Financing Furniture Could Be Easier Than You Think)

Don’t Let These 5 Myths Deter You From Your Dream Furniture

Don’t let purchasing fears deter you from getting the furniture you need in your home. If you need purchase options for your furniture keep in mind that you don’t need good credit to secure financing or a lease, and a deposit may not be required.

Remember that you don’t have to pay for any of your furniture before it has been delivered, and your privacy is always secured through the lease to own companies you apply through.

If you are looking to enhance your home with some new furniture, consider buying or leasing to own from Furniture Fair. We have been in business for over 50 years, and we have a wide variety of living room, dining room, bedroom, and office furniture available.

We have over 11 locations throughout the Cincinnati, Dayton, and Louisville area, and we offer a wide variety of delivery options, including curbside delivery!

Visit us today and find out more about the purchasing option programs that we have available.

Progressive Leasing is lease-to-own or a rental-or lease-purchase agreement provided by Prog Leasing, LLC, or its affiliates. Acquiring ownership by leasing costs more than the retailer’s cash price. Leasing available on select items at participating locations only.
Not available in MN, NJ, VT, WI, WY.

5 Myths About Furniture Financing  (Why Lease To Own Could Easier Than You Think)


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