With Black Friday and the holiday rush on the horizon, it’s the ideal time to make sure your financing options are set up to help customers confidently make big purchases. Many customers want to create a cozy, inviting home for family gatherings—whether upgrading to a new dining table or finding the perfect sectional for holiday lounging—and the right point-of-sale partner can make all the difference in closing that sale. This blog will make clear some common myths about lease-to-own programs that might impact how your customers view these options.
Myth #1 All Lease-to-Own Providers are Alike
There’s a world of difference between providers, and choosing the right one can impact both your sales numbers and your store’s reputation. Kafene, for instance, focuses on a consumer-centric approach that prioritizes flexibility, transparency, and accessibility. It’s also the only LTO provider that reports all payment information to all three consumer reporting agencies, potentially building credit history. By choosing a provider that aligns with your store’s values, you can build trust and satisfaction and bring customers back again and again.
Myth #2: Lease-to-Own is Only for Customers with No Other Options
While lease-to-own is often associated with customers without traditional credit access, today’s options appeal to a much wider audience. Kafene has taken lease-to-own services and given them an innovative, AI-driven reboot. Kafene pioneered a tiered approach that offers each customer the best pricing possible based on their profile – a first in the lease-to-own industry. That means that customers across the credit spectrum now look to LTO options to help them invest in quality furniture.
Myth #3: Lease-to-Own Slows Down Checkout
A common concern is that offering lease-to-own programs might slow down your sales process. The truth is, it doesn’t have to with the right provider. Kafene’s platform integrates directly at the point of sale, making it easy for associates and customers alike. Kafene’s 60-second application is the fastest in the industry, giving your customers instant approvals up to $5,000. That means higher conversion rates, higher average order values (“AOVs”), and access to customer sales that would otherwise be lost – all without missing a beat.
We hope this myth-busting session has given you some fresh perspectives on lease-to-own programs and how they can support your store’s success this holiday season. By partnering with an innovative provider like Kafene, you can dispel myths, streamline the checkout process, and offer flexible solutions that appeal to a broad range of customers. With these tools in place, your store can confidently meet the needs of holiday shoppers, helping them create warm, inviting spaces while driving your sales success this season and beyond.
