Tempoe Offers No-Credit-Required Leasing to End-Consumers

Chris Garrido, President of TEMPOE LLC of Cincinnati, Ohio, has announced that the company is positioned as the go-to company for no credit required leasing and is regarded as The Obvious Choice by retailers and consumers seeking an alternative to traditional financing. “We provide a low-cost leasing program that is very flexible and gives a maximum number of choices to the consumer,” says Garrido. “TEMPOE makes it easy for all parties, from the retailer to the consumer. Since the dawn of online shopping, retail has changed dramatically, and customers now expect to have a variety of payment options.”

TEMPOE offers its no credit required leasing services with multiple payment options. Products that are eligible for leasing include durable goods such as appliances, automotive parts, electronics, furniture, and jewelry.

The leasing program allows consumers to take merchandise home with a low initial payment. After meeting the minimum term, about five months, consumers then have the option to purchase their items in most states, continuing leasing, or return items. Early purchase options are available within 90 days in the states that allow for a lease buyout.

Garrido states that the original goal of the company has been to help cash- or credit-constrained individuals who are unable to complete purchases due to a lack of available funds and now leads the industry in a no credit required leasing program.

Over the years, the company has crafted a network of partners and associates who can enable consumers to obtain their products without having to wait for credit approvals and with no regard to their FICO store. Applications are approved in most cases literally within seconds.

Garrido says that TEMPOE retailers can have the confidence that they are gaining loyal customers, and consumers always keep coming back thanks to the smoothness of the experience. The company has expanded its offerings to further improve that experience. For example, it now offers “text to apply” services for mobile transactions to improve ease of use and privacy.

“While in the beginning, TEMPOE used a one size fits all approach to consumers, retailers, and partners, we soon realized that retail partners were our customers and our goal was to satisfy their customers,” says Garrido. “Our repeat business model is what drives our obvious choice culture.”

According to Garrido, TEMPOE creates a win-win situation for both consumers and retailers. Regardless of the challenges in the early years, TEMPOE is still moving forward, learning, and improving. Garrido explains that the company’s philosophy is to empower the employees by getting them involved in the decision-making process.

The company is also hiring highly competent individuals to take the vision forward. In the past two years, TEMPOE added Quincy Sterling, Chris Chilton, and Matt Welton to its already talented executive team.

Garrido has over 25 years of experience in the consumer leasing industry and is well known as an industry leader. The TEMPOE president has been with the company since 2013, and also served as the senior vice president of sales and marketing. Garrido has spent over 17 years in executive operations of the rent-to-own, retail, leasing, and consumer finance industries. He has worked with ZEC financial, ACE cash operations, and Rent-a-Center, pushing them all to achieve growth and profitability.

Headquartered in Cincinnati, Ohio, the company has over 1.8 million customers and leasing is offered at 14 thousand retail locations. It provides no credit leasing services in all U.S. states, Guam, Puerto Rico, and the U.S. Virgin Islands. Garrido states that the company has issued 4 million approvals since inception and more than 1.6 million leases. With TEMPOE, consumers can lease and buy items from their favorite brands. Partner retailers are large and small companies in a variety of industries, including Sears and Kmart.

Garrido says it’s time for people to consider leasing as an alternative to traditional financing. Whenever a consumer lacks the means to pay the full amount of a purchase, it is best to check out other options. Garrido argues that while there are options like a credit card and rent-to-own companies, many people find that TEMPOE offers the best program with flexible payments and a shorter-term commitment. Credit cards payments can run forever and rent-to-own rates can be quite expensive. He says that the only real option remaining is exploring a TEMPOE lease. Garrido points to the social proof of millions of satisfied customers. The TEMPOE president states that he is convinced that being named as one of the 30 fastest-growing companies in 2018 is a good sign that the TEMPOE is moving in the right direction.