Lease-to-Own
Purchasing Made
Easy.

We are glad you asked! Lease to own means that you make recurring payments for the use of the products you have selected. You have no long term obligation to continue leasing, and can return the product to Katapult at any time with no further obligation other than for amounts past due.

In addition, you have several options to acquire ownership of the product you are leasing. A lease purchase agreement through Katapult offers flexibility that may make it more attractive than financing. With each payment, you have the option to continue leasing, buyout, or return your items.

Lease to own gives you the power to purchase what you need when you need it.

• A valid mobile phone number that can receive SMS text
• A valid US address
• A valid Social Security or Taxpayer ID Number (ITIN)
• A valid email address
• A valid credit or debit card to make payments (no prepaid or gift cards)
• A valid photo ID showing you are 18 years of age or older

Getting pre-approved for a Katapult lease purchase agreement does NOT affect your credit score!

Anyone over 18 years old may apply and may be approved, other requirements apply.

Katapult offers customers many items in connection with its lease-purchase program. These items vary, and generally include personal property such as electronics, furniture, appliances, and other types of property used by customers for personal, family and household use. However, not all items are available for lease-purchase, including items that may be dangerous such as firearms, highly-consumable goods like food and clothing, and items that may not be returned to us. Other restrictions apply.

Loans generally offer lower recurring payments than lease-purchase agreements, while lease-purchase agreements offer the flexibility of continuing to lease, buy, or return the product. Also, there is no danger of penalty interest (be that compounding or deferred) or loan acceleration with Katapult.

Loan: You can borrow money to buy something and you pay it back over time, plus interest.

Katapult lease-purchase agreement:  You make the appropriate lease-purchase agreement payments on or before the due date for the use of your products.  With each payment you may choose one of three options: