Completing and Submitting the Lease Application

Applying for a lease with ElectroFinance is fast and easy. Most applicants take only a couple of minutes to complete the application and find out if they are approved, and if so how much they are approved for.

How do I start and complete an application?

To apply and see if you are approved for an a maximum lease amount, click here and you will be prompted to start your lease application. Our website will ask for information such as your name, phone number, email address, address, and other personal details which are submitted directly to the leasing company upon submission of the application.

Once you have submitted your application, you will either be approved or declined to continue with a lease. If you are approved, you will be required to pay a down payment or administrative fee (depending on the lender used).

How do I know if I'm approved or declined for a lease?

If you are approved, you will be shown a success page which tells you the lease ID the lender assigned to you, and the amount you were approved for. You will then be able to pick out items or adjust your cart to be below the maximum approval amount before finishing your lease contract and order.

If you are declined, you will be shown a decline page which explains the reason you were declined. For more information about what to do if you are declined for a lease agreement, click here.

What type of payment methods are accepted for the down payment or administrative fee?

When you're all ready to finalize your lease contract and pay your Initial Payment or Administrative Fee, you will be asked to use a valid credit or debit card. Our lenders generally accept all major credit cards for down payments, such as: American Express, Discover, Mastercard, and Visa.  

How often can I re-apply for a lease agreement?

If you are approved, you can apply again after completing your first order. If you are approved for another lease agreement, you can order new items but will be required to pay a down payment or administrative fee (depending on the lender) for the new lease. It is in your best interest to maximize your original lease instead of place multiple lease orders so that you only need to pay one of these fees.

If you are declined you must wait 90 days before applying again, unless the reason you are given for your decline is a simple validation error.