Instant Finance FAQ

What do I need to qualify for a lease?

To qualify for a lease, you must be at least 18 years old and have:

  • a valid photo ID,
  • a valid email address,
  • a valid phone number,
  • an active checking account,
  • a current Social Security Number (SSN) or Taxpayer ID (ITIN).

What forms of photo ID are accepted for the lease application?

These forms of photo ID are accepted:

  • Driver’s license
  • Passport
  • Green card
  • State ID card
  • Military ID
  • Tribal ID
  • Mexican or Canadian ID if the applicant has a US address and Taxpayer ID (ITIN)

Can I still be approved if I have bad credit?

Absolutely! Snap Finance uses a proprietary approval process that gives you the best chance of being approved. We specialize in financing those who have bad credit, no credit, bankruptcy, or other challenges with their credit.

If I sign a lease-purchase agreement, how much do I have to pay today?

There may be a processing fee or initial payment due the day you complete your transaction. This amount varies. Check your lease agreement for specifics.

What are my payment options?

Payments will auto-debit from your checking account. If you wish to change your payment preference, please call Customer Support.

What are my payment options?

Payments will auto-debit from your checking account. If you wish to change your payment preference, please call Customer Support at (877) 557-3769.

Can I return leased merchandise?

Exchanges
All InstantFinance24 items are new and come with warranty. If you receive a defective item, please contact InstantFinance24 at (800) 686-7786 within 24 to 36 hours for an exchange.
If you picked up your item at one of InstantFinance24’s national retail partners, you may be approved for an exchange of your product within 5 days from the date your contract was executed for a working device. Restock fees may apply.

Does Snap charge interest on a lease-purchase agreement?

No, we do not charge interest on a lease-purchase agreement. However, there is still a cost of lease in addition to the purchase price. The amount of this cost varies by customer and residential state, and it will be detailed in your agreement and disclosures. Be sure to read and understand your disclosures before you sign, and understand the important dates, amounts, and terms unique to your agreement.

Once I make my purchase, how long is my lease-purchase agreement?

Once you make your purchase, your payments are spread over time, usually 12 months.

Can I have multiple leases at one time?

Currently, you can only have one lease at a time.

What’s a lease-purchase?

A lease-purchase is a form of lease where you rent the merchandise from Snap Finance for a designated period, usually 12 months, after which you gain ownership of the merchandise. You may also pay off the lease and gain ownership at any time through our 100-Day payment option and early purchase options.