The South African economy is on a downward turn and many people have found themselves in the unfortunate position of losing their income either partially or completely. This could make the task of paying expenses, such as car installments, almost impossible.
By obtaining a rent-to-own vehicle through our easy vehicle finance plan, you can still acquire a car even if you can no longer afford to pay the predetermined rental amount.
How to go about obtaining a rent to own car
Acquiring a rent-to-own car is a different process when compared to purchasing a car through a bank/ financial institution, where you have to obtain a loan to purchase a car.
With a rent-to-buy car finance plan, you pay a rental instalment each month for a fixed period, after which you become the owner of the car.
However, if you can no longer meet the minimum financial payments for your car each month, you have the option to trade down (subject to approval) to suit your current financial situation, with no legal action incurred.
Another option available to you, in the event that you do not need to purchase a car right away, is to cancel your rent-to-buy car agreement by providing one calendar month’s notice. In which case, you will forfeit your initial upfront administration payment.
Options available to help you, to rent-to-buy a car
There are many options available to you, to own your own car. Some options include more positives than negatives; at Earn-a-Car we try to make the path to owning your own car as hassle-free as possible. We understand that life can turn upside down without warning, leaving you floundering for financial assistance and helpful, practical advice that goes along with it.