How Snap’s Lease-To-Own Financing Works

March 08, 2024

When an applicant is approved, Snap purchases the merchandise and leases it to the customer. Once they fulfill the terms of their lease-purchase agreement, they become the owners and the merchandise is theirs. It’s that simple!

Another benefit of Snap is that customers can lower their overall cost through our Early Ownership Options.

Maximum-Term Plan

Snap’s default plan offers customers the lowest regular payment over 12 to 18 months, at the end of which they own the merchandise. The total cost could be one and a half to three times the cash price of the merchandise, plus applicable taxes and fees.

100-Day Option

Customers can reduce the total cost of their lease and acquire early ownership by making payments equal to the cash price of the merchandise, plus taxes and fees, within 100 days after they sign their agreement.

Early Buyout Option

For maximum flexibility, customers can acquire ownership at any point between the end of the 100-day period and their final scheduled payment. By paying all maximum-term lease payments before their due date, customers can save 30% or more in their leasing cost.