Credit score isn’t typically something that can be avoided when you’re shopping around for a new vehicle. Understandably so, as it affects the interest rate if you are looking at a car loan to finance your new purchase. Bad or low credit scores can push the interest rate well beyond your monthly reach, while a good credit history could secure a more favourable rate. Don’t fret if you’re concerned about your credit score being on the lower-end, though, as rent-to-own might be a convenient option for you.

Can you buy a vehicle without having your credit score checked? 

Yes! Rent-to-own vehicles make it easier for people with lower credit scores to qualify for vehicle purchases. Earn-a-Car does not do credit checks, and we don’t need to know your credit history. Our only requirements are the following:

  • An upfront admin fee 
  • Pro-rata payment of the first month’s rental
  • Proof of income
  • Proof of identification 
  • A valid Driver’s License
  • No criminal record
  • South African citizenship

What is the lowest credit score to buy a vehicle? 

There is no minimum score required to buy a vehicle. A higher score does, of course, hold more promise of getting your car loan approved from a financial institution, as well as a better loan repayment interest rate. 

Our rent-to-own vehicle finance option offers:

  • A warranty over your contract term
  • Monthly towing subsidy
  • Vehicle tracking
  • Loyalty rewards for a healthy payment record

Earn-a-Car offers a variety of rent-to-own vehicle finance plans to suit different lifestyles, to bring you freedom without unnecessary financial worry. If you are concerned about a low credit score and need a vehicle, get in touch with our team today to discuss our rent-to-own solutions.