Okinus vs. Progressive Leasing: Which One Is Better for You?

Side by side

From each company’s own site or a retailer’s published disclosure. Checked October 14, 2026. Terms change; confirm before you apply.
	Okinus	Progressive Leasing
What it is	Lease-purchase agreement. Okinus says it does not provide conventional loans.	Lease-to-own (also branded Prog Lease)
Approval amounts	Typical maximum about $8,000; minimum lease $300	Not stated on the pages we checked; $300 minimum purchase at one retailer
Standard term to own	Up to 24 months	12 months
Early purchase	Any time, but not automatic; you call or chat to use an early purchase option	90-day and other early purchase options; these cost more than the cash price, except the 3-month option in California
Initial payment	$0, $49.95 or the first payment, depending on retailer and item	Not stated on the pages we checked
Requirements	18 or older with a checking account; no minimum income	18 or older (19 in Alabama), SSN or ITIN, a checking account and a credit or debit card
Credit checks	Not based on credit score, but applying authorizes consumer reports; reports to Equifax and TransUnion	Obtains information from credit bureaus; says it makes only soft inquiries with the three major bureaus
Not available in	Not available in all states (list not published)	MN, NJ, VT, WI, WY
Other products	Breeze Lease Purchase for HVAC and water heaters	Not covered here

Term length
Progressive’s standard agreement is 12 months to ownership. Okinus leases run for up to 24 months, which can mean smaller payments but a longer commitment.
Early purchase
Progressive advertises a 90-day purchase option, though it says the 90-day and other early options cost more than the cash price (except the 3-month option in California). Okinus says you can buy early at any time, but you must ask.
Credit checks
Progressive says it only makes soft inquiries with the major bureaus. Okinus says applying authorizes it to obtain consumer reports, and it reports payments to Equifax and TransUnion.
Requirements
Progressive asks for an SSN or ITIN and a credit or debit card in addition to a checking account. Okinus lists age 18+ and a checking account, with no minimum income.

Neither gives you cash. The company buys the item from the store and leases it to you.
You don’t own the item until you pay in full or use an early purchase option.
The total usually costs more than the cash price. Compare the total cost to own, not the payment.
“No credit needed” doesn’t mean no credit information. Both use information from credit bureaus or consumer reporting agencies.
Both work only at partner stores. The store you shop at often decides which one you can use.

Compare the same itemAsk for a written quote from each option your store offers, then put both into our lease cost calculator.