Lease Purchase & Rent-to-Own — Tier 5 Installment Model | Ownly by RBS
Lease purchase and rent-to-own involve longer-term agreements and account tracking. The terms, customer obligations, and ownership details depend on the agreement the business uses.
How It Works
The agreement describes the item, payment schedule, and customer obligations
Keep the agreement and payment activity connected to the customer account
Explain any purchase option and its terms as written in the agreement
Your team reviews account status and decides on appropriate follow-up
Best For
Furniture rent-to-own operators
Appliance and electronics rent-to-own stores
Any operator targeting customers without traditional credit access
What Ownly Manages
Lease agreement creation with configurable terms and early purchase options
Periodic payment collection — weekly, bi-weekly, or monthly
Ownership transfer milestone tracking
Delinquency alerts and item recovery workflows
Customer self-service portal for balance viewing and payment management