Do I make my payments at Sears Hometown & Outlet Stores?
No. Payments are auto-deducted from the account that you listed as preferred on your application. Payments will process on the dates listed on your lease payment schedule.
What is the Early Purchase Option?
Where available, the Early Purchase Option provides you with the opportunity to purchase your leased items early. Customers can look to purchase their leased items within 30, 60 or 90 days from origination of your lease. NOTE: EPO not available in NJ, VT, WI or WV.
What are the costs associated with the Early Purchase Options?
Early purchase options of 30, 60 or 90 days are available in all states except NJ, VT, WI and WV. Before 30 days = 5% over cash price | Between 31-60 days = 8% over cash price | Between 61-90 days = 10% over cash price.
How soon can I exercise the purchase option?
The Lease It program will allow you to purchase your leased items anytime within the first 90 days from the origination of your lease agreement. If you do not wish to use one of the early purchase options, the buyout option is not available until after the 5-month minimum term is met. NOTE: Buyout not available in NJ, VT, WI or WV.
If I do not exercise one of the Early Purchase Options within the first 90 days, what
You will continue with your lease until the 5-month minimum term is met. Then you have the option to purchase your leased items, continue to lease, or return the leased items to Lease IT (TEMPOE). NOTE: Buyout not available in NJ, VT, WI or WV.
What is my minimum term?
There is an approximate 5-month minimum lease term if the Early Purchase Options are not exercised.
Who should I contact with questions about my lease?
Contact Lease IT (TEMPOE) Customer Service, available seven days a week to assist you. They can be reached by phone at 855-965-4669 or online at www.tempoe.com (Select Customer Login).
*This is a lease transaction. Must be at least 18 years old. Valid photo ID required. Income requirements apply. Qualifying merchandise of at least $199 is required to enter into a lease at Sears Hometown and Outlet stores. Excludes non-durable goods. Minimum 5-month lease agreement. Lease requires consumer to make first payment at lease signing, plus 19 weekly, 9 biweekly, or 4 monthly lease payments. At the end of the minimum term, leasing customer can: (1) continue to lease by making periodic payments in accordance with the terms of your lease agreement; (2) exercise a purchase option per the terms of the lease agreement (not available in NJ, VT, WI & WV); or (3) return leased items to WhyNotLeaseIt®. For example, leased item(s) with lease amount of $600 would require 20 weekly payments of approximately $27.00 plus tax or 10 biweekly payments of approximately $54.00 plus tax, or 5 monthly payments of approximately $108.00 plus tax, with total cost to lease the item(s) for the 5-month minimum term of $540.00 plus tax. No security deposit required. TEMPOE, LLC dba WhyNotLeaseIt® is an independent service provider of the LEASE IT program and not an affiliate or licensee of Sears Hometown and Outlet Stores, Inc. or its affiliates.