An agreement allowing individuals or businesses to acquire an Apple iMac through a rental arrangement with an option to purchase it at the end of the lease term. Payments are typically made in installments over a defined period. An example would be a contract outlining monthly payments for 24 months, after which ownership transfers upon final payment or a predetermined buyout option.
This type of acquisition can be particularly beneficial for those with limited upfront capital or who desire predictable budgeting. The historical context includes the broader expansion of rent-to-own models, originally focusing on furniture and appliances, before extending to consumer electronics. This provides access to technology that might otherwise be financially inaccessible, while building or maintaining credit scores.
