Rent-to-own car financing has become increasingly popular in South Africa for good reason. A tough economic climate, combined with credit-wary consumers, means that South Africans are looking at alternative ways to finance their cars and to avoid debt. A brand-new car loses a great deal of value as soon as it is driven off the showroom floor. Some cars [...]
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Rent-to-own car financing is becoming increasingly popular in South Africa. In this blog post, we discuss a few reasons why: More affordable A new car is considerably more expensive than a pre-owned car and depreciates considerably within the first two years. More often than not, the monthly repayment amount that you will owe to the rent-to-own car company will [...]
Walking through one of the many auto cities and the shopping centre’s in South Africa, it is hard not to notice the eye-catching vehicle displays and advertising that makes you wish you owned that brand new vehicle. Car manufacturers spend millions advertising the latest models with luxurious features, and financing companies are increasingly offering alternate finance options that make [...]
Credit bureaus empower people to know the intricacies of applying for a loan, having it approved, and fulfilling their obligation – all of which translate to financial responsibility. These determine the creditworthiness of an individual. While a bank will have information about the debt that you owe their institution specifically, the information that a bank has is limited to [...]
When most people start looking for a new or second-hand car, they assume that car financing is the only way to go about it. There are a number of alternative financing options to get you behind the steering wheel and traditional financing from a bank isn’t always the best way to go about it. One of the reasons why [...]
Your home is your number one expense. Chances are that after your home, your second-biggest financial commitment that you will undertake is that of your car. And yet, no car – new or used – can be regarded as an investment. Add to that the stress you may be experiencing about the ever-increasing cost of living, and the fear [...]
One of the proudest moments in a young adult's life is getting your very first car. You spend months imagining yourself behind the wheel, while looking at available options and considering things like fuel efficiency and boot space. The more daunting tasks like vehicle financing and finding the best car finance deals are usually put off for the last [...]
You’re eager to gain the freedom of movement offered by having your own car, but you’ve found that the traditional car financing options from various vehicle financing companies, particularly in the South African market, is prohibitively expensive, or life has dealt you a bad hand leaving you blacklisted or with bad credit and nobody wants anything to do with [...]
Are you keen to get a new car but find yourself stressing about going through the overwhelming vehicle financing application process? With all that red tape, and perhaps a slightly less than impressive credit history, obtaining car financing can often prove to be quite the challenge. Luckily, at Earn a Car, the great news is that vehicle financing can [...]
When times are tough, you do your best to juggle income and ever-increasing expenses. Despite your best efforts though, it can easily happen that you are blacklisted or experienced bankruptcy or repossession. With this comes bad credit i.e. a high interest rate or a colossal down payment or both. Moving Forward To right the situation you find yourself in, [...]