Welcome to Partners Sales and Leasing
With Locations in Texas City, Pasadena, Kyle, & Round Rock, TX
We would like to welcome you to the new home of Partners Sales and Leasing, where there truly is a difference in lease-purchase. Our company was founded on the simple premise of providing each customer with the best products at the best rates and then providing them with the best service. We strive each day to show our customers why Partners is one of the leading rent to own providers in the great state of Texas.
We have created our website as an extension of our dedication to our customers. We invite you to spend a few moments to review our site to learn why there is a difference in lease-purchase at Partners Sales and Leasing!
The company is owned and operated by John Spangle, and as a private company, we provide the highest quality service possible for our approximately 2,000 customers and provide a great working environment for just under 30 employees.
Most people think that all lease-purchase companies are the same. Our motto at Partners, "Where there is a Difference in Lease-Purchase," clearly states that we believe otherwise. We are committed to providing you, the customer, with not only great service but with a huge selection of product because we know that everyone does not always like the same thing. So please stop by one of our stores and look around, and don't hesitate to contact us with any questions you may have.
Partners Sales and Leasing in Austin, Round Rock, Texas City and Pasadena, Texas, offers state of the art electronics, appliances, furniture and more. At Partners, we have no credit financing (rent to own) featuring low payments and lots of customer service. Whatever you need for your home, choose a Partner you can trust!
Partners Sales and Leasing is your place for great products at terrific prices and the latest trends for your home. Shop Partners Sales and Leasing with our no credit needed Rent to Own plan featuring low payments and terrific values on living room sofa furniture, recliners, bedroom furniture, dining room furniture, bunk beds, LCD TV's, Plasma TV's, and more. We feature a great selection of appliances like refrigerators, televisions, ranges, and clothes washers and dryers. Partners has many locations for your convenience, including Round Rock, Austin, Pasadena and Texas City, Texas.
What is Lease-Purchase?
The lease-purchase industry is relatively new to the American economy. The unique "lease-purchase" transaction sprang up in the 1960's in response to a growing consumer need for acquiring the use of household products without incurring debt or jeopardizing the family's credit. The lease-purchase customer comes from all walks of life that desire consumer durable goods in their homes without the long-term financial obligations associated with credit sales.
What distinguishes lease-purchase from a retail credit sale is that there is no interest charged to consumers, no credit is needed, and customers can return the merchandise at any time. This no-obligation, no-debt feature is the cornerstone of lease-purchase. It's easy, it's safe and it's hassle-free. Free replacement, repair and delivery are included.
Lease-purchases are normally established for payment periods of weekly, bi-weekly, semi-monthly, or monthly.
At the end of the week or month, the customer can either terminate the agreement without any cost or obligation, or renew the agreement by making another advance lease payment.
If the agreement is renewed a prescribed number of times (often a total period of 18 months) and the customer meets the terms of the lease-purchase agreement, the store conveys ownership of the item to the customer.
At the onset of the agreement, the customer is told very clearly what that prescribed number of renewals is, and the total dollar amount in lease payments he or she will have made by the time ownership is an option.
Easy Early Buy Out Option
Every customer has the option to buy out each lease-purchase agreement early in order to take advantage of cash saving benefits towards ownership. Our "Easy Early Buy Out" option may be exercised at any time during the term of the lease-purchase agreement (see example below).
The "Easy Early Buy Out" is calculated by multiplying the agreement balance by 60% - this sum is the amount needed to be paid, plus all applicable sales tax, in order to "Easy Early Buy Out" the lease-purchase agreement. Example:
- Initial lease-purchase agreement: $9.99 x 78 weekly payments = $779.22
- After 26 weekly payments (26 x $9.99 = $259.74), the agreement balance becomes $519.48.
- This agreement balance is multiplied by 60%, making the "Easy Early Buy Out" amount = $311.68.
- This is a 40% savings of the remaining agreement balance.
The lease-purchase industry is composed of dealers who lease furniture, electronics, major appliances, computers and other products with an option to buy.
Lease-purchase has been an identifiable U.S. industry for more than 30 years.
There are approximately 8,000 stores in all 50 states.
The lease-purchase industry serves 3 million customers (households) a year.
Previously leased items are refurbished and re-leased at reduced lease terms with all the great services of leasing new product - free service, free delivery, free loaner, no long-term obligation - just a great way to save money on pre-leased merchandise!