3 Reasons Your Credit Won't Be Approved for Leasing and What to Do About It
You’ve probably been here before.
Your phone is broken, and you need to buy a new one. But buying a new phone costs $1000!
You can’t just walk around without a cell phone, so what do you do?
You probably pay a percentage of the phone upfront, say 10% of the total cost, which is $100. Then, you take the phone home to use.
Wait, did you just walk out of the store with a brand-new phone after only paying a tenth of the phone’s price?
Probably not.What you did was sign an agreement where, after making a small down payment, you pay on credit for the phone.
This means that you will pay a set price per month to use the product until you have paid the full price, $1000, plus interest.
Leasing a printer from a vendor works the same way.