Rent to Own MacBooks: Getting an Apple Laptop With Low Upfront Cost

There's just something about that iconic Apple logo on a MacBook that hits different. Whether you're working in a coffee shop or attending your first college class, opening up a sleek aluminum MacBook gives you that feeling of security that good quality brings. Side benefit: an Apple laptop boosts your style points even if they retired the OG illuminated logo a decade ago.

But we all know Apple doesn't come cheap. So, what do you do when your means are on the modest side, and price is an obstacle? Finance My Cart has you covered with a rent-to-own lease agreement or buy now pay later (BNPL) agreement — your backdoor into the premium Apple laptop club without having to drop a pile of cash upfront. Our store has partnered with the Terrace Finance lending platform to bring you these alternative ways to pay for electronics and other items.

Why Rent-to-Own a MacBook?

Apple rarely puts MacBooks on sale. Depending on the features you need, a MacBook Pro can run from $1,200 to over $3,000. A MacBook Air can run closer to $1000, still a significant price. That makes it tough to buy one outright, especially if you're a student, freelancer, or just getting started in your career. With rent-to-own (AKA lease-to-own), you get to start using your MacBook right away without having to save up a chunk of change first. 

Benefits of Rent-to-Own Apple Laptops

• Bring the purchase within reach. Paying over time with weekly, bi-weekly, or monthly payments brings the purchase within reach. The exact term length depends on the cost of the machine and the offer you receive after applying.

• Own it at the end. This isn't like leasing a car, where you return it at the end. Instead, rent-to-own is a pathway to ownership.

• Save money through an early purchase option. Every provider in the Terrace Finance network has early purchase options, so you can keep the overall cost low and own your laptop sooner. You will never be trapped in a rigid contract.

• Get the laptop you really want now. Rather than wasting money on a budget laptop just to “make it work.” You're can get the real deal—an Apple MacBook—right now.
  

How Does This Work?

To complete a rent-to-own or BNLP purchase at Finance My Cart you must be 18 or older. To begin, make your product selection and click "Add to Cart". After proceeding to the checkout screen, click "Check Out with Terrace Finance" to access the application. You will need to have your government-issued ID (such as a driver's license or passport), accurate employment info (including net and gross income), housing cost per month, and an electronic payment method for making the first payment. The automated system securely analyzes your data, which is needed to verify your identity and match you with a provider likely to make you an offer. The Terrace Finance network services a wide range of credit profiles by bringing together multiple providers under one roof, giving you an increased chance of being approved. Once you eSign and make the first payment, your item will be shipped from the vendor, and you will make future payments to the payment provider who made you the offer.

Applying is free, secure, and does not affect your credit score. Additionally, there is no obligation to accept any offer after completing the application. Be sure to carefully review the terms presented to you before eSigning. The total cost of ownership is more than the base price of the items, but take note of early purchase options, which can make a big difference if taken advantage of.

Is there a Difference between Lease-to-Own and Rent-to-Own?

Lease-to-own and rent-to-own are interchangeable terms that refer to a payment plan that divides a purchase into payments and adds a rental fee. Essentially, the item is being purchased by the payment solution provider and being rented back to the customer until the term is reached or the contract is paid off early.

Is Buy Now Pay Later (BNPL) Different than a Lease?

Basically, a BNPL plan through a Terrace Finance provider is much like a rent-to-own plan but with a set 2-week payment interval and a shorter overall duration. A higher payment is balanced by a low overall cost. But no worries! If you qualify for a BNPL plan, you will receive a payment quote for that plan as well as a lease-to-own option with different terms, so you can make the decision that is right for you.

What if I Don't Have Great Credit?

Good news! The rent-to-own and Buy Now, Pay Later (BNPL) programs from Terrace Finance don't require perfect credit or a long credit history to qualify. As long as you are over 18, have regular income, and an electronic payment method to make the initial payment (usually the amount of the first installment), you could still be eligible. The best way to verify if you are eligible is to complete the application at checkout, since factors other than credit score, including debt and income, will be considered.

Is Terrace Finance Legit?

Finance My cart made Terrace Finance the sole payment method for our store because of the security of their platform, connection to multiple finance companies, fast response time, and real human customer service to respond to your questions. Their services are highly rated on Google (4.6 stars) and Better Business Bureau (4.77 stars).

Ready to get started? Come see our selection of Apple MacBooks as well as all the other brands in our store. Happy shopping!