Earn-a-Car https://www.earnacar.co.za Rent to own a pre-owned car Mon, 21 Jan 2019 07:05:59 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 Ways to Finance your Car in South Africa https://www.earnacar.co.za/ways-to-finance-your-car-in-south-africa/ Mon, 21 Jan 2019 07:05:59 +0000 https://www.earnacar.co.za/?p=59822 Buying a car can be exciting from deciding on the colour, to the make and model that meets your everyday needs, to selecting the type that is within your budget. However, deciding on how to finance your car can become a challenge. Here are four car finance options for you to consider: Mortgage If you [...]

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Buying a car can be exciting from deciding on the colour, to the make and model that meets your everyday needs, to selecting the type that is within your budget. However, deciding on how to finance your car can become a challenge. Here are four car finance options for you to consider:

  • Mortgage
    If you have access to a home loan, you can use it to buy a car, allowing you to simply restructure your mortgage and avoid the paperwork involved. The pros of this type of financing are that you will have a lower interest rate compared to a standard car loan agreement, you avoid having to complete reams of paperwork and you won’t have to contact numerous vehicle finance institutions applying for another loan.
  • Vehicle finance
    You can apply for vehicle finance from a bank or from car dealerships, for cars that are not older than five years. You will have the option to pay back the loan over a time period of either 36, 48 or 60 months but do remember to factor in the interest rate. If you do already own a car, then you have the additional option to trade it in, thereby lowering the monthly cost or decreasing the repayment period.
  • Personal loan
    The interest rate applied to a personal loan is usually higher than that of a mortgage or car finance. If you are considering to buy a car older than six years from a private seller, this might be your only option. It is a high risk, especially when buying a car without a mechanical or service warranty, where you may find yourself having to pay large sums of money to repair or replace expensive worn parts.
  • Rent-to-Own
    Rent-to-own is a monthly contract where you rent a car and unlike other long-term car leasing agents, you have the option to own the car after a pre-determined time period of either 24, 36 or 48 months. Rent-to-own contracts require an administration fee to be paid up front and the monthly rental is paid one month in advance.

Need easy vehicle finance in South Africa? Contact Earn-a-Car today.

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3 Reasons why Buying a pre-loved Car makes Sense https://www.earnacar.co.za/3-reasons-why-buying-a-pre-loved-car-makes-sense/ Mon, 14 Jan 2019 06:57:18 +0000 https://www.earnacar.co.za/?p=59819 The start of a new year signifies change and progress and a fresh start in many areas. From making firm commitments to a healthier lifestyle, starting a new job or making time to spend with friends and family more often. For many people a new year is also a time to get a new car. [...]

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The start of a new year signifies change and progress and a fresh start in many areas. From making firm commitments to a healthier lifestyle, starting a new job or making time to spend with friends and family more often.

For many people a new year is also a time to get a new car. However, instead of opting for a new car, consider a pre-loved car that is in excellent condition. Here are a few reasons why:

  • Instant Depreciation
    The moment you drive a new car out of the showroom, it immediately depreciates in value. Generally cars depreciate at a rate of between 15% to 20% per year and if the car is new, it can depreciate at a rate of between 25% to 30% within the first year. The value of previously loved cars does depreciate but at a slower rate of between 10% to 15% depending on the age of the car.
  • More Bang for your Buck
    If you opt to purchase a pre-owned car, you will most likely be able to find a slightly older model car with a greater number of features, at the same or at a lower price than a new car, with fewer features.
  • Maintenance or Mechanical Warranty
    Many people want the same peace of mind of driving a reliable car that is within its service and maintenance plan. If you buy a pre-owned vehicle from a reputable dealership it could still be within the original service plan or you might have the option of extending the service plan.

Ready to buy a rent-to-own car that has been inspected and maintained for mechanical peace of mind? Contact Earn-a-Car today.

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Finding it Difficult to Rely on Public Transport? https://www.earnacar.co.za/finding-it-difficult-to-rely-on-public-transport/ Mon, 07 Jan 2019 06:43:48 +0000 https://www.earnacar.co.za/?p=59816 If you, like many South Africans have a less than stellar credit record, then you are fully aware of the limited options available to you when trying to buy a car. You basically have 3 options: Get a car loan at a very high interest rate from a bank, Purchase a vehicle in cash upfront, [...]

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If you, like many South Africans have a less than stellar credit record, then you are fully aware of the limited options available to you when trying to buy a car. You basically have 3 options:

  • Get a car loan at a very high interest rate from a bank,
  • Purchase a vehicle in cash upfront, or
  • Opt for a rent-to-own car finance plan.

You may really need your own car, especially if you frequently travel in the early hours of the morning or late at night and cannot rely on public transport to get you from A to B. Instead of opting for a sub-prime car loan from a bank, consider partnering with a rent-to-own vehicle finance company such as Earn-a-Car.

Earn-a-Car, unlike many other rent-to-own car companies, do not consider your credit history when approving your application or not. All you need to get behind the wheel of a vehicle from Earn-a-Car is the following:

  • Proof of income
  • South African citizenship
  • Proof of identification
  • Valid driver’s license
  • Be able to pay an admin fee upfront of approximately R17,000
  • Pay your monthly rental installments in full and on time

High-quality pre-owned vehicles in good mechanical condition, thoroughly inspected by our expert technicians are available for you to choose from. These range from small fuel efficient city cars to larger bakkies and utility vehicles.

Remember that your credit history will not affect your application or ability to get a car from Earn-a-Car. Contact us for more information today.

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How to be a Better Driver in 2019 https://www.earnacar.co.za/how-to-be-a-better-driver-in-2019/ Wed, 02 Jan 2019 08:18:21 +0000 https://www.earnacar.co.za/?p=59809 Being a better driver may not be one of your new years resolutions but it is always one of ours. If everyone played a part towards being a better driver, we would all benefit and our roads would be quite safer too. Here are a few easy tips for you to play an important role [...]

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Being a better driver may not be one of your new years resolutions but it is always one of ours. If everyone played a part towards being a better driver, we would all benefit and our roads would be quite safer too. Here are a few easy tips for you to play an important role in helping make our roads safer and provide a better driving experience for everyone on the road with you.

Keep your Hands on the Wheel in the Right Position
You may remember your driving instructor telling you to keep your hands on the steering wheel at the 10 and 2 positions on the clock. These guidelines have changed over the years and it has been proven that it is better and safer to keep your hands lower, at either 9 and 3 or 8 and 4 clock positions.

Don’t Drive when you are Tired or Unwell
Most people are aware of the massive risk that drinking and driving pose to drivers as well as others on the road. A lack of sleep or medication can impair your judgement just as much, if not worse than alcohol. If you are sleep-deprived or on medication that may jeopardise your good driving judgement, it is best not to drive.

Keep Left pass Right
To prevent traffic congestion, stay in the far left hand lane at all times and only use the right hand lane to pass vehicles that are travelling at a slower speed. Avoid traffic fines by not exceeding the speed limit even when you are passing a vehicle.

Looking Ahead
Keep your eyes not only on the vehicle directly in front of you but also on the vehicles further on the horizon. Also be aware of the vehicles on your left and right hand sides as well as checking in your rear view mirror of the vehicles behind you, every 5 seconds. This does take practice but will give you extra reaction time should anything happen.

Safe Following Distance
This is one those tips that is often at the top of everyones safe driving list. It can benefit you in many ways, not only is it safer by helping to prevent accidents, it also prevents you from breaking prematurely which is a main cause of traffic congestion. You can either follow the 3 second rule, where you allow 3 seconds from the car in front of you, or a distance of at least three car lengths from the car in front of you when driving.

Ready to invest in a rent-to-buy vehicle finance plan? Contact us today.

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What Type of Car Best Suits your Needs? https://www.earnacar.co.za/what-type-of-car-best-suits-your-needs/ Wed, 19 Dec 2018 06:03:05 +0000 https://www.earnacar.co.za/?p=58856 Choosing a car that suits your needs can be challenging, from a sedan for extra boot space, a small city car light on fuel or a minivan for extra seats and leg room.  Each person’s needs are different. Some may find a van or truck completely impractical, while others who own a small business may [...]

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Choosing a car that suits your needs can be challenging, from a sedan for extra boot space, a small city car light on fuel or a minivan for extra seats and leg room.  Each person’s needs are different.

Some may find a van or truck completely impractical, while others who own a small business may need a 2×4.  There are a number of reasons why each person may opt for a certain vehicle, as long as it is the right decision that suits your needs because choosing a vehicle that looks great but does not serve your everyday needs, can be costly.  Any choice will generally be made in the context of three criteria:

  1. Utility,
  2. Comfort, and
  3. Performance

We are aware that there are extreme mini vans with 600-horse power, but for the purpose of this blog post, we will be referring to generic models. This generalisation is done with the intent of keeping things simple for beginners. Here is an overview to help you choose the right type of vehicle:

  • Minivans:

These cars are generally designed as a low-cost family vehicle. Vans do not rank very high in power performance and are mostly front-wheel drive.  With a large amount of storage space, minivans are a great utility vehicle and usually seats between 7 and 9 people quite comfortably.

  • Trucks:

Most trucks are front wheel drive or all-wheel drive, allowing it to make better use of the performance power. Excellent for some rough terrain, trucks are able to drive through higher water levels than a small city car and can easily transport bulky sport or gym equipment.

  • SUVs:

Most small utility vehicles are all-wheel drive, which allow them to drive in all weather.  Similar to a truck with a higher suspension, SUV’s also ride high and feature suspension cables for medium off-road situations. These vehicles do not quite have the length of a van or the high powered towing capacity of a truck, but it is a good in-between choice.

  • Hatchbacks:

These cars are highly respected for their performance and are a good option if you live in the city but do take the occasional weekend or holiday road trip. Some hatchbacks feature four-cylinder turbo charge engines ideal for travelling on the highway at 120km/h.

Looking for vehicle finance in South Africa? Consider a rent-to-own a car option from Earn-a-Car today.

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Popular Summer Road Trip Destinations for South Africans https://www.earnacar.co.za/popular-summer-road-trip-destinations-for-south-africans/ Mon, 17 Dec 2018 07:26:01 +0000 https://www.earnacar.co.za/?p=58849 As a rent-to-own a car company in South Africa, Earn-a-Car knows of a few great places to drive to this summer: Garden Route The Garden Route is a scenic 200 km stretch between Mossel Bay in the Western Cape and the Storms River Mouth on the Western fringes of the Eastern Cape. You will pass [...]

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As a rent-to-own a car company in South Africa, Earn-a-Car knows of a few great places to drive to this summer:

  • Garden Route

The Garden Route is a scenic 200 km stretch between Mossel Bay in the Western Cape and the Storms River Mouth on the Western fringes of the Eastern Cape. You will pass through beautiful forests, pristine beaches, as well as lagoons and lakes. There are many outdoor activities on offer throughout the Garden Route. Whether you are interested in hiking, windsurfing, mountain climbing, or mountain biking and if you want to get your adrenalin pumping, try out the highest bunjee jump in the world, located at Storms River Bridge.

  • Mokopane

The Waterberg region in Limpopo is only a couple hours’ drive from Gauteng, making it a quick and convenient getaway for city dwellers who do not want to travel too far. One of the best reasons to visit the Mokopane region, other than the area’s soaring mountain peaks and beautiful plains where you and your family can hike through the plunging river valleys and sandstone rock formations to see Africa’s true Eden.

  • Wild Coast

The Wild Coast runs from East London to the border of Kwa-Zulu Natal. You will see the most picturesque jagged coastline, rolling hills and lush forests. The hillsides are dotted with small rondavels and pastoral farming plots, making it one of the most scenic and rural parts of the country.

  • The Panorama Route

If you are visiting the Kruger National Park, then you should definitely take a short detour to Mpumalanga’s main attraction, the Panorama Route. You will be able to travel along the highest tar road in South Africa and see amazing views of valleys and canyons on the way.

Need a reliable car for your road trip? Then consider a rent-to-own vehicle from Earn-A-Car.

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I’ve got a Poor Credit Rating, how do I Buy a Car? https://www.earnacar.co.za/ive-got-a-poor-credit-rating-how-do-i-buy-a-car/ Mon, 10 Dec 2018 06:50:24 +0000 https://www.earnacar.co.za/?p=58836 Blacklisted and need to buy a car?  Often, people do not want to pay a bank’s high finance and interest rate costs but also cannot afford to buy a car with cash upfront, or cannot get car finance because of a poor credit history. Rent-to-own car finance plans offer buyers a different purchase model where [...]

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Blacklisted and need to buy a car?  Often, people do not want to pay a bank’s high finance and interest rate costs but also cannot afford to buy a car with cash upfront, or cannot get car finance because of a poor credit history. Rent-to-own car finance plans offer buyers a different purchase model where you can rent a car until it has been paid off, thereafter you own the car.  One of the many benefits of this car-finance model is that you do not need to have a good credit history to enter into a rent-to-own car finance plan.

When you opt for a rent-to-own vehicle from Earn-a-Car, you will have an affordable monthly payment that you need to make. This means that you will not have to obtain a bank loan from a traditional lending institution and  it will not affect your credit rating.

What Are The Requirements?

All you need is the following:

  • Proof of income,
  • A minimum upfront payment of approximately R16 500 (admin fee),
  • You must be able to make a monthly payment of between R3 000 and R5 000, and
  • You must meet our simple requirements.
  • Be a South African citizen

You can own one of Earn-a-Car’s vehicles in as little as 54 months and your credit history will not affect your ability to be approved.  The contract gives a comprehensive explanation of what you can expect from us and what we need from you.  The administration fee includes at least R1 300’s worth of value for your peace of mind, namely accident cover, comprehensive warranty, tracking system, accident support and cash back.

You can also earn cash with our Earn-a-Car programme. This way you can take ownership of the car of your choice as quickly as you like or you can spend the ‘cash-back’ reward to have your next car service. Contact us to find out more about the rent-to-own vehicle finance options today.

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Maintenance Tips to Get Your Car Ready For the Summer Holidays https://www.earnacar.co.za/maintenance-tips-to-get-your-car-ready-for-the-summer-holidays/ Mon, 03 Dec 2018 06:49:28 +0000 https://www.earnacar.co.za/?p=58833 December holiday is around the corner and you undoubtedly have a few summer road trips planned. Regardless of whether you are planning to make a 200 km or 2 000 km journey, you need to make sure your car is in tip-top condition so you are not left on the side of the road in [...]

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December holiday is around the corner and you undoubtedly have a few summer road trips planned. Regardless of whether you are planning to make a 200 km or 2 000 km journey, you need to make sure your car is in tip-top condition so you are not left on the side of the road in the heat.

  • Battery

When you are going on a summer vacation, the last thing you want is a dead battery. It is very quick and easy to have your battery checked and ensure it is in good condition. If it is not, replace the battery before you hit the road.

  • Lights

Make sure that all your car lights are working, namely the breaklights, taillights, headlights, high beams and license plate lights, especially if you intend driving in the dark.

  • Wheels

Check that your car wheels are pumped correctly according to the manufacturers recommendations.  If your tyres contain too much air, on hot days the air inside a tyre expands creating more pressure and potentially a burst tyre. The last thing you need is a burst tyre when you are on your way to your holiday destination.  An underfilled tyre creates a lot of drag, which leads to your vehicle using more petrol than it would if it was pumped to the correct PSI.  Look on the tyre itself for the proper tyre pressure and tyre load.

  • Fluids

Check fluids such as engine oil, coolant, transmission fluid, brake fluid, power steering fluid and windshield washer fluid. Other items that need to be checked include belts, hoses and windscreen wipers.

Want to make sure you have a reliable vehicle for your road trip? Contact the rent-to-own company, Earn-a-Car, for a set of wheels that meets your needs today.

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When is the Right Time to Buy a Car https://www.earnacar.co.za/when-is-the-right-time-to-buy-a-car/ Mon, 26 Nov 2018 07:15:38 +0000 https://www.earnacar.co.za/?p=56569 In South Africa, monthly car payments are often the second highest debt you have to pay monthly, after rent or paying a bond.  Not having a car is simply not an option for most of us. If you, like many people, are starting to consider investing in a vehicle, then it is important to consider [...]

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In South Africa, monthly car payments are often the second highest debt you have to pay monthly, after rent or paying a bond.  Not having a car is simply not an option for most of us. If you, like many people, are starting to consider investing in a vehicle, then it is important to consider whether it is the right time to buy a new or good quality used car.

Unable to pay for vehicle maintenance

Having a car that needs to be repaired by a qualified vehicle mechanic, or needing to replace brake pads for instance, and not being able to afford to do so, causes a large amount of stress for every time you use the car. You should be able to drive from A to B without worrying that your car may break down or the breaks may not work.

Repair costs are costing you more than what the car is worth

Every car will need some maintenance and upkeep throughout its lifetime but there comes a point where the repair costs simply don’t justify the cost of owning the car anymore. If you’ve gone from replacing minor things like brake pads and oil to having to pay large amounts of money to replace major, costly parts, becoming increasingly difficult to find then it may be worth buying a used car that is in much better mechanical condition.

The car no longer meets your needs

Maybe your zippy little city car was perfect for awhile able to get in and out of tight parking spaces, but now you’re a parent and your needs have changed.  Then it is time to purchase a car that meets your and your family needs, avoiding daily hassles.

Consider easy vehicle finance from Earn-a-Car. Contact us for more information about rent to buy cars in South Africa.

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Differences between Rent-to-Own versus Bank Vehicle Finance https://www.earnacar.co.za/differences-between-rent-to-own-versus-bank-vehicle-finance/ Mon, 19 Nov 2018 07:15:35 +0000 https://www.earnacar.co.za/?p=56564 If you have been blacklisted, then you may find it especially difficult to get a loan for a large purchase, such as a car. In the past, people with a bad credit record were opting for a rent-to-own car finance plan but with more consumers picking up on the benefits of these easy car finance [...]

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If you have been blacklisted, then you may find it especially difficult to get a loan for a large purchase, such as a car. In the past, people with a bad credit record were opting for a rent-to-own car finance plan but with more consumers picking up on the benefits of these easy car finance models, it is quickly becoming a preferred option.

The difference between a car lease agreement and a rent-to-own car agreement is that you will own the vehicle at the end of the contract.  With a rent-to-own car finance plan, you will be paying for a car in the same way that you would if you are renting it. However, at the end of the contract term, instead of handing the car back to the vehicle rental company you are able to keep the car. Depending on the contract you choose, a portion of the rental fees you pay each month,  go towards the final lump sum needed to purchase the car, or you will own the car at the end of the contract time period.

A few other differences include:

  • Credit checks – Rent-to-own car finance companies don’t complete credit checks when approving your application, while banks will run a thorough background finance check.
  • Down payment – A rent to own car finance company will require a down payment where a bank may or may not require one.
  • Vehicle age – Rent-to-own cars are used, previously loved vehicles that have been checked by a qualified vehicle mechanic, while bank loans include new and used vehicles.
  • Early termination – The down payment on your rent-to-own car will usually be forfeited if the contract is terminated early, where banks may charge you fees and penalties.

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