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Here’s how leasing works at Kmart

Take advantage of fast approval, only photo ID required, flexible payments and the option to purchase your leased items early for slightly more than retail cost*.


Pick It Out

Apply in store or online and get your approval code in moments. Bring your code to your local Kmart store to pick the items you’d like to lease at today’s price. A store associate will be happy to help with the rest.


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Take It Home

After making your first payment in the store, take it home. You’ll make additional minimal payments that allow you to keep your items for the time period of your choice.

Lease, Buy or Return

You decide what happens next! Lease it again with bi-weekly payments for 5 months or take advantage of our 30, 60, and 90-day early purchase option and own it for slightly more than the lease cost.


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Early Purchase Option

Leasing Calculator

Use the Leasing Calculator to see your options

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Participating departments

Home electronics and entertainment, appliances, household goods and furniture, sporting goods, lawn and garden, and outdoor living

Some exclusions apply. Leasing available in store only. Include at least one item equaling: $69.


  • Photo ID showing you're at least 18 years of age
  • Minimum monthly income
  • Valid Social Security or Taxpayer Identification Number
  • Make the first payment in store today, and set up ongoing payments**

Ready to lease again? No need to re-apply.

Visit your Kmart location or call 1-855-949-6685 to get a new lease started in minutes.

Frequently Asked Questions

Do I make my payments at Kmart?

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.

How soon can I exercise this option?

Kmart LEASE IT will allow you to purchase your leased items as early as 30, 60 or 90 days from the origination of your lease agreement. Typically, the purchase option is not available until after the five month minimum term is met.

If I do not exercise the Early Purchase Option within 90 days, what happens next?

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 WhyNotLeaseIt.

How do I buyout my lease?

After you have met the minimum term requirement, you can purchase the merchandise from WhyNotLeaseIt. The purchase amount is a percentage of the depreciated value of the merchandise. Once the purchase is complete, you will receive proof of ownership from WhyNotLeaseIt.

Who is the leasing partner for Kmart?

WhyNotLeaseIt is an independent service provider offering merchandise leasing at Kmart. Transactions with WhyNotLeaseIt are confidential, secure and compliant with all Federal Consumer Leasing laws.

What is the Early Purchase Option?

This program gives you the opportunity to purchase your leased items earlier than the traditional Kmart LEASE IT program. Typically, after the five month minimum term you have the opportunity to either purchase your leased items, continue leasing, or return the leased items to WhyNotLeaseItTM****. However, for customers who like the freedom of the early purchase option, you will be able to purchase your leased items at 30, 60 or 90 days into the lease at a lower cost to own than the traditional 5 month minimum term.

What is the cost for exercising this option?

The costs are 5% of the total lease value at 30 days; 8% at 60 days, and 10% at 90 days. For example, if your lease amount is $1,000 and you choose to exercise the 90 day early payment option, you will pay $1100 ($1,000 plus 10%).

What is my minimum term?

There is a 5 month minimum lease term if the Early Purchase Options are not exercised.

Who should I contact with questions about my lease?

Contact WhyNotLeaseIt Customer Service, available seven days a week to assist you. They can be reached by phone at 1-855-949-6685 or by email at You can also access information regarding your lease at the online Customer Service Center.

Not a member? Join for free. Get Shop Your Way points when you lease at Kmart.

Apply online and lease merchandise from Kmart.

Most people live on a tight budget, which means money isn't always available at their fingertips.  Kmart has revolutionized the “rent-to-own” idea with a new leasing program. The program allows you to lease almost everything including consumer electronics, large appliances, furniture and basic accessories. Kmart also offers members owning options that are simple, easy and affordable. With the Early Purchase Option, members have the opportunity to purchase leased items within 30, 60 or 90 days from the origination of the lease agreement; earlier than the traditional 5 month Kmart leasing program to reduce the overall cost of owning your leased items. Simply apply online, get approved, and then take your approval code into your local Kmart store to select items you're interested in leasing. A friendly Kmart associate will then help you shop your way by compiling an inventory of everything you need.

Applying online for a lease is easy, and you'll gain immediate access to a full range of merchandise upon approval. Unlike credit programs, getting approved for Kmart’s leasing program is fast and easy; you don't need to stress about your low credit score because credit isn't required for approval. To qualify, you must be at least 18 years old with a valid Social Security or Individual Taxpayer ID Number and meet the minimum monthly income. With leasing, all you need to do is make your first payment in-store, and you can take your items home with you the very same day. Get approved in seconds and enjoy conveniently low payments and a flexible payment plan.

Shop smarter by taking advantage of Kmart’s new leasing program, and get rewarded for the merchandise you lease with Shop Your Way points.

* Must be at least 18 years old. Income requirements apply.

** Since all payments are handled electronically, debit cards must allow non-PIN based transactions.

***Leasing customers in NJ, VT, WI and WV must contact WhyNotLeaseIt to negotiate the purchase of the leased item(s).

**** WhyNotLeaseIt is an independent service provider and not an affiliate or licenses of Sears®, Kmart, Shop Your Way® or any other Sears Holdings Corporation or affiliate.