WhyNotLeaseItReviews 255

The basic idea of Why Not Lease is great, but there is a serious breakdown between the point of sale and the leasing company. First let's start with there are several states, New Jersey, where I live being one of them that by law Why Not Lease cannot directly sell you the merchandise unless your are willing to by it within 90 days or less. After you have made payments for a minimum of five months, you know have 3 options 1) you can return the merchandise 2) you can continue with your lease but at the end of which you will not own the merchandise and will still be obligated to return it or 3) you can enter into a new contact with a different company through Why Not Lease for an agreed upon buy price. It was never explained to me like this until I attempted to find out about a buy out price after the initial 90 days had passed and I contacted Why Not Lease directly. The breakdown of all the information needed to really make a decision between the point of sale and why not lease is miles apart. The salesperson made it appear to be a rent to own agreement, the same as you would find at Rent-A-Center, Arron's, etc. which was far from the truth.
Like I said if it's an emergency situation, a major appliance goes out, this may be your only immediate option based on credit eligibility of finances. Do what you have to do. But if you are just upgrading to something better, I would try either layaway or just saving. In my case I went to SEARS and got a new snow blower and it didn't even snow this year.
I am not knocking Why Not Lease because it could be an excellent program based on someone's economic situation but if Why Not Lease really cares about anything about future customers, they need to find a way to ensure all of the correct and pertinent information is being given out at the point of sale. Until then I personally could not recommend them to anyone in good faith, especially a fellow New Jersey resident.

This is a constant rental process for every day items. You're paying a rental fee weekly until after a set amount of payments, after that, if you can remember the date, you can then purchase the leased items for a percentage(which is usually large). I totally misunderstood because I believed it was similar to other leasing programs where you own the item after a set time. This isn't the case, and if you read the fine print, you'll see it. DO NOT take out a lease with them. Save money or buy used. You'll spend so much more money doing this. Learn a lesson from us who learned it the hard way. Don't fall for the simple lease terms you're told at the counter. I didn't know until a sears employee informed me in more details than they normally would. When you fall on hard times, it's easier to get taken advantage of because your defenses are down during a time of need. Always, always read through and make sure you fully understand.

I purchased a fridge when Sears was going out of business in Oct of 2019. The total price was $800. I put down $300 and "leased" the remaining amount. $900 later and I'm still making payments. When I called they told me the "payments" were essentially just renting it and in order to "buy" it I would need to pay the total amount due of $400. That was not explained at the time of buying the fridge or anytime thereafter. Stay away from this option

First off, all you writing these beaming positive reviews are FULL OF IT because this company is a flat out SCAM. Just because they didn't scam you (that you know of) doesn't mean they haven't scammed others so check your 'tude at the door. I pay my bills on time and in cash, and I'm not here writing a review due to ulterior motives. I'm here to write a review this company earned by overcharging my card, which is obviously a BIG ongoing issue with this company.

We leased a stove from Sears on 7/2019. The stove was $820+ with taxes included. We leased at $164/month, with our final payment being listed on 12/2/2019. I called today (2/8/20) and they're still drafting our bank account. I called them and the Indian with terrible English I spoke to said we owed for another year! I was stunned. I asked him how much I needed ro pay to wrap up the payments on our stove and he said I could pay $400 today and be done with payments. He said I owed 12 more months at $164, but I can pay it off now for $400? THAT MAKES NO MATHEMATICAL SENSE FOLKS. I decided to pay the $400 despite my wife's better judgment. I'm hoping we paid it off, but I'm concerned they'll continue to charge our card so we cancelled it and ordered a new one. I'm shocked Sears is affiliated with this company. Doing business with this leasing company is likely why Sears is going out of business. I can tell you neither Sears nor WhyNotLeaseIt will NEVER get another red cent from us. If they hit us with credit issues I have no qualms calling our lawyer. I highly recommend that you folks save up your money rather than leasing through this company. You know those calls from overseas with thick accents you get trying to scam you out of your money? This business operates the same way. NEVER AGAIN.

I purchased a washer and dryer through Sears and thought it was getting a great deal by doing the lease because we were in the middle of transitioning jobs. However I have been royally screwed over by this company and they cannot seem to understand that they keep taking money out of my account when I do not owe them. I have wound up paying over double price for the washer and dryer. I called and spoke to representative who of course could not understand English after 20 minutes of frustrations I asked for a supervisor I got placed on hold for 10 minutes with nobody to come to the phone and I eventually hung up. Still have not resolved this issue as of today. Highly advise against this company and Sears should not use them.

I'm confused about the negative reviews, I've used them 5 times. Always paid off at the 90 days (same as cash) if you make the regular payments you will be 3 payments shy at 90 day. So I make an extra payment each month. No taxes. No fees. Yes they outsource their customer service to India but who doesn't these days.
My only complaint is this isn't offered at enough businesses. Sears KMart and ABC Warehouse seem to be the only ones I know that use it..

I'm reading all of these reviews and I'm confused. I could not afford $1400 for new tires on my pilot. I used this company at Sears, and I just purchased my tires after 90 days with the early purchase option.

The representative on the phone was extremely pleasant and helped me make the purchase. They conformed to the lease agreement and did not overcharge me.

It makes me question all of these reviewers and the fact that they most likely did not read the terms of the lease and did not understand what they were doing. They saw a chance to get a product without having to use money or a credit card, took advantage of it, and then come time to pay they claimed idiocy.