Top 10 Things You Should Know About Aaron's: The Rent-to-Own Giant
Business
Aaron's has become a household name in the rent-to-own industry, helping millions of Americans access furniture, electronics, and appliances. From its origins as a small Atlanta storefront to its current status as a Fortune 500 company, Aaron's has revolutionized how people shop for home goods.
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1. Started as a Single Store in Atlanta in 1955
Aaron's was founded by Charlie Loudermilk Sr. and his brother-in-law R.P. Mims with just $500 in capital. The first store opened on Atlanta's Marietta Street, initially selling furniture on credit to customers who couldn't afford to pay cash upfront.
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2. Operates Over 1,300 Stores Across America
Today, Aaron's has grown to operate more than 1,300 company-owned and franchised stores in 47 states and Canada. This massive network makes Aaron's one of the largest rent-to-own retailers in North America, serving millions of customers annually.
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3. No Credit Required for Most Purchases
One of Aaron's biggest selling points is that customers can lease products without a credit check or long-term commitment. This accessibility has made Aaron's popular with customers who have poor credit or prefer flexible payment options for major purchases.
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4. Offers Same-Day Delivery and Setup
Aaron's provides free same-day delivery and professional setup for most products, often within hours of approval. Their delivery team also handles assembly and installation, making the process convenient for customers who need furniture or appliances immediately.
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5. Features Top Brand Names and Electronics
The company partners with major brands like Samsung, LG, Whirlpool, and Ashley Furniture to offer high-quality products. Customers can lease everything from smartphones and gaming consoles to living room sets and kitchen appliances from trusted manufacturers.
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6. Pioneered the Progressive Leasing Program
Aaron's created Progressive Leasing to expand beyond physical stores into online retail partnerships. This program allows customers to use Aaron's lease-to-own services at thousands of partner retailers, both online and in-store, significantly expanding their reach.
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7. Provides Free Maintenance and Repair Services
Unlike traditional purchases, Aaron's includes free maintenance and repair services for leased items throughout the lease period. If something breaks or malfunctions, Aaron's will fix or replace it at no additional cost to the customer.
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8. Became a Fortune 500 Company
Aaron's achieved Fortune 500 status and trades on the New York Stock Exchange under the ticker symbol AAN. The company generates billions in annual revenue and employs thousands of people across its retail and corporate operations.
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9. Offers Early Purchase Options and Ownership Benefits
Customers can purchase their leased items early at discounted rates or continue payments until they own the product outright. This flexibility allows people to adjust their payment strategy based on their financial situation and ultimately build ownership of quality goods.
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10. Actively Supports Local Communities Through Charitable Giving
Aaron's is committed to giving back through various charitable initiatives, including disaster relief efforts and community partnerships. The company regularly donates furniture and household items to families in need and supports local organizations in the communities where they operate.
Aaron's has transformed from a small Atlanta furniture store into a retail powerhouse that serves millions of customers nationwide. Through innovative lease-to-own programs, extensive product selection, and customer-focused services, Aaron's continues to make quality home goods accessible to families across America, regardless of their credit situation or immediate financial capacity.