Finance Any Durable Good at Participating Retailers
Four flexible financing solutions designed for every American — regardless of credit history.
Finance Any Durable Good at Participating Retailers
Progressive's flagship product — lease furniture, appliances, electronics, tires, and more with a standard 12-month term and flexible payment options.
A lease-to-own agreement is not a traditional loan. Progressive Leasing purchases the item from the retailer upfront. You then lease the item, making scheduled payments until you exercise a purchase option or complete the 12-month term.
Because it's a rental agreement with a purchase option — not a loan — the approval criteria are significantly broader than conventional lending.
"The 90-day option transforms Progressive Leasing from an expensive last resort into a genuinely smart financing tool. The key is planning ahead — know your payoff date before you sign."
Ready to Apply?
Soft inquiry only — no FICO score impact.
Shop at major online retailers directly through the Progressive Leasing app — using your pre-approved lease amount from anywhere.
Shop directly through the app at Amazon, Walmart, Best Buy, Target, IKEA, Dell, Home Depot, Apple, HP, GameStop, Discount Tire, West Elm, Crate & Barrel, and many more — all from your phone.
Enhanced in-app checkout experience with an AI chatbot to assist you. Apply at home or on the go — the same 60-second approval, just from your phone instead of the store.
Retailers can integrate Progressive Leasing at zero cost — expand your customer base and boost sales with no consumer credit risk.
Offering Progressive Leasing financing typically has no cost to your business. You get the sale; Progressive manages the financing relationship.
Progressive takes on all consumer credit risk. If a customer defaults, your business is not liable — Progressive bears the full exposure.
In-store, e-commerce, and app-based integration options — Progressive fits seamlessly into your existing POS and checkout systems.
Progressive actively refers its customer base to partner merchants — bringing pre-qualified shoppers ready to buy using their approved lease amount.
The most cost-effective way to use Progressive Leasing — pay just the retail price within 90 days and save all remaining lease fees.
The 90-day Early Purchase Option is the single most important feature of Progressive Leasing. Here's the strategy:
Expert tip: Without the 90-day option, Progressive Leasing can cost 60%+ above the retail price. With it, total cost is close to retail. Always plan your payoff date before signing.
"I've reviewed dozens of lease-to-own products. Progressive Leasing is only a good deal if you use the 90-day option. Without it, the effective APR can exceed 100%. With it, you're paying a modest short-term fee for immediate access to essential goods. Know the math before you sign."
