Progressive Leasing Agreement
Introduction to the Progressive "No Credit Needed" Program
Thank you for considering Alto Music’s Lease-to-Own through Progressive Leasing. We appreciate your patronage and would like to take time to be sure you are fully informed of the program’s general parameters before deciding if you want to submit an application:
- This program is designed to give our shoppers with credit challenges a chance to obtain merchandise they want in a timely manner through an outside source (Progressive Leasing) that offers purchasing power and a variety of Lease Purchase Option to fit every budget.
- ALTO MUSIC STRONGLY RECOMMENDS THAT CUSTOMERS PAY OFF THEIR LEASE BALANCE BY DAY 90 IN ORDER TO INCUR THE LOWEST POSSIBLE EXPENSE. PLEASE BE AWARE THAT SHOULD YOU CHOOSE NOT TO TAKE ADVANTAGE OF THE 90 DAY LEASE-TO-OWN THE LEASE MULTIPLE INCURRED COULD POTENTIALLY BE MORE THAN INVOICE AMOUNT IF A FULL YEAR IS TAKEN TO PAY OFF THE LEASE BALANCE.
- Qualified applicants must have a valid checking account, a debit card or credit card to make the first payment, a social security number or ITIN and a delivery address outside of VT, NJ, Wisconsin or Minnesota.
- Recurring payments will automatically come out of the checking account provided or credit card on file on your paydays provided in the application.
- No payments or servicing of your lease will be handled by Alto Music, all subsequent questions or changes to your Lease must be directed to Progressive Leasing’s customer service department by calling the number shown below.
- This is a Lease/Purchase program (not a loan) and, as such, charges a lease multiple and not interest. Total purchase price or your Lease Balance and subsequent payments are thoroughly described in the contract Progressive provides. Please read this contract before signing and contact Progressive if you have questions about payments and/or the cost of ownership.
- Progressive Leasing offers a 90 Day Lease-to-Own that we encourage customers to consider as a more economical option, as follows:
- Example: $1000 store price x 2.1 cost multiple = a Total Purchase Price of $1100 + Tax if paid off within 90 days.
- If you choose to payout after day 90 but before the end of the 1 year maximum term, additional early buyout options are available that can be elected at any point during that time period.
- Service described is a rental – or lease purchase program provided by Prog Leasing, LLC or its affiliates. The initial payment (plus tax) is charged at lease signing. Remaining lease payments will be determined upon item selection. All remaining lease payments will be determined by the cash price of the leased item and the frequency of payments. You will not own the leased merchandise or acquire ownership rights unless you make 12 months of payments or exercise an early purchase option. Not all applicants are approved. See lease for details.
90-Day Purchase Option: Standard agreement offers 12 months to ownership. 90-day purchase options cost more than the retailer’s cash price (except 3-month option in CA). To purchase early call 877-898-1970.
By clicking "Apply Now" below, you acknowledge having read the general parameters of Progressive’s Lease/Purchase program as summarized above. You will have an opportunity to read, ask questions and fully understand all of the terms and conditions of Progressive’s Lease/Purchase agreement after choosing the gear you want and before signing the contract. All questions, concerns and complaints henceforth are to be directed solely to Progressive Leasing Customer Service (877-898-1970). Alto Music is not responsible or liable for servicing the lease/purchase contract once product is received.