Rent-A-Center announces new flexible national leasing program

Rent-A-Center is launching a new national program to offer costumes a more flexible way to rent-to-own.

The furniture, appliance and electronic retail’s new RAC Exchange program allows eligible Rent-A-Center customers to exchange their current product on rent for another qualifying product within the first six months following the initial agreement or any subsequent agreement entered into pursuant to an exchange.

RAC Exchange applies the rent paid on the previous agreement toward the total rent-to-own cost of the swapped item and a designated percentage of any same as cash purchase option exercised for the swapped item. Customers can apply with Rent-A-Center for an exchange of their rented item and always track the value of their current agreement in MyAccount when they sign up on rentacenter.com or on the mobile app.

By simply logging in and finding their current exchange value, customers will see what rent is eligible to be applied towards their next agreement for an item they need and how much longer they are eligible for an exchange. RAC Exchange will include thousands of items across the retailer’s catalog.

"RAC Exchange exemplifies Rent-A-Center's continued innovation in the rent-to-own industry and in the customer experience field," said Ann Davids, chief customer officer and chief marketing officer of Upbound Group, Inc., Rent-A-Center’s parent company. "By offering even greater flexibility and value, we aim to redefine the way consumers engage with products and experience the joy of taking their time to ensure they've found the right item for their home or personal needs."

Headquartered in Plano, Texas, Upbound Group operates over 2,400 Rent-A-Center stores across the United States, Mexico and Puerto Rico.