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What is Progressive Leasing™?

What is Progressive Leasing™?

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Sometimes you can’t afford to pay for something you need (or want) in full. If you don’t have credit cards or don’t want to use them, you have limited options. Some stores still offer layaway, but you can’t take the item home until you pay it off in full.

Progressive Leasing™ offers an alternative also known as lease-to-own purchase options, with no credit needed!

You can take the item home with you today and pay for it over time without needing a credit card. Here’s what you must know about the Progressive Leasing company and services. 

How Does Progressive Leasing Work?

To use Progressive Leasing, you must first apply for the program. It’s a simple application and you’ll know right away if you’re approved. If you are, you can go shopping. Approvals are good for 90 days, so you don’t have to use it right away if you aren’t ready.

You shop at stores that accept Progressive Leasing, make a payment when you sign your lease, and set up your payment arrangement according to your pay schedule. No payments are due for anyone for the first 10 days after you receive your items. This means if you ordered it online, your 10-day countdown doesn’t start until you’ve received your merchandise.

Does Progressive Leasing Impact My Credit?

Progressive Leasing doesn’t use your credit score as its primary determining factor. They pull your credit to look at it, but it’s only a soft credit check which does not hurt your credit score. It doesn’t even show up on your credit report as an inquiry.

Progressive also doesn’t report to the credit bureaus which means it won’t help or hurt your credit to have a lease.

What is the Application Process?

You can apply for Progressive Leasing either in the app or at the store you plan to make a purchase. If you’ve used the program before, you can also log into your account online and apply again.

You must be at least 18-years old and have the following information to qualify:

  • Social security number
  • A valid credit card
  • A bank account in good standing

They look at the big picture and not just your credit score. Even applicants with bad or no credit have qualified for the program.

How Do Returns Work with Progressive Leasing?

Progressive Leasing has a flexible return policy. Before you return an item you leased, call Progressive customer service at 877-898-1970. They will tell you how to proceed. Sometimes you’ll return it directly to the retailer and other times you’ll return it to Progressive.

There is no charge to return items and you have the right to return them directly to Progressive at any time. You must be up to date on your lease up to that point, but you won’t owe any further charges once you return the item.

How do I Find out My Lease Payoff Amount?

When you enter the lease agreement, you’ll receive a welcome letter that breaks down your costs. Your total payments are a combination of the purchase price plus the lease-to-own costs. Each plan has the option to pay the full amount off in 3 months, which will cost you the least. If you miss the 3-month cutoff, you may have an early purchase option paying less than the full lease amount, but it varies by plan.

If you have any questions about your account, your balance, or your payment dates, you can access your account by logging in.

If you’d like to know how much a lease might cost you before you make a purchase, use the Progressive Leasing calculator to help you decide if the purchase is affordable.

Stores That Accept Progressive Leasing

Hundreds of stores accept Progressive Leasing including Walmart, Best Buy, Big Lots, Kay Jewelers, Zale’s, Wayfair, Ashley Furniture, Cricket, Overstock, and more.

Here are our some popular retailers that accept Progressive Leasing: 


Financing your next home improvement project can be an important budgeting step, now you can do it with Lowes:  90 day Progressive Leasing lease-to-own option, no credit needed!

Get an instant decision with leasing credit up to $2,500. Qualifying lease-to-own categories include: Home Appliances, Seasonal and outdoor living, Power Tools,  Home Decor and lighting fixtures

Mattress Firm

Figuring out how you will pay for a new mattress when you have less than perfect credit, bad credit or no credit at all, isn't shouldn't be something you lose sleep over. Choose the  no credit needed lease-to-own option powered by Progressive Leasing™ at Mattress Firm and start sleeping better tonight! 

Best Buy

Lease to own the tech you want today from Best Buy with Progessive Leasing–  including phones, laptops, TVs, gaming consoles, kitchen appliances and more! 

Reeds Fine Jewelry

Finance your engagement ring, wedding ring, luxury watch and more fine jewelry with Progressive Leasing at Reeds. No Credit Needed: Progressive Leasing obtains information from credit bureaus. Not all applicants are approved.

  • Easy Regular Payments
  • 12 month lease-to-own program
  • 90 day purchase option

Kay Jewelers

Find that perfect milestone jewelry piece from diamond rings to anniversary gifts at Kay Jewelers. Use Progressive Leasing for the option to take your jewelry home today and pay over time. 

What's Leasable with Progressive Leasing?

The key is to focus on what you can lease since not all products are eligible for leasing. Progressive follows these guidelines when determining if something is leasable:

  • The item must be tangible and durable. In other words, it shouldn’t be consumable or lose value fast. For example, clothing, batteries, and handbags are not acceptable items.
  • The item must be reasonably safe. It can’t cause any extreme risk such as violence, the risk of drowning, or any other physical issues.
  • The item must be returnable. It can’t be something permanently affixed to a home or car for example, that you cannot return.
  • The item must be used for personal, not business purposes.

Does Amazon Accept Progressive Leasing?

At this time, Amazon does not accept Progressive Leasing. Amazon does offer Affirm buy now pay later options on select products and standard credit card or gift card options, but they don’t have a leasing option just yet.

How to use Progressive Leasing at Best Buy

Best Buy makes it easy to use Progressive Leasing at checkout. You can either apply for your lease through Progressive Leasing first and then go to Best Buy or you can apply at the Best Buy store.

If you already have your lease and are shopping online, log into your Best Buy account and look up your lease number. When you checkout, you’ll choose a lease as your option for payment rather than a credit card like usual.

Once you checkout, Progressive handles the rest, deducting your payments automatically from your provided checking account based on the agreement you signed.

Final Thoughts

Progressive Leasing can be a great way to afford items you need but can’t charge right now. There are fees to lease, so the product will cost more in the end, but if it’s something you must have it can be an affordable way to get it.

If you can, consider the 3-month early payoff option or look into your other options for paying the item off earlier than 12 months. If you can’t, though, you’ll know the full cost of the lease and your payments before you checkout so you can make the right decision for yourself.

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