How A Rent-to-Buy Plan Can Help You Buy A Car

How A Rent-to-Buy Plan Can Help You Buy A Car

By | 2018-02-20T11:40:56+00:00 5 February 2018|Blog|

In South Africa, everyone needs a set of wheels. With the current economic crunch, an increasing number of people are opting for rent-to-buy car plans.

One of the main advantages of choosing a rent-to-own plan is that you don’t have to jump through hoops to get a loan from a bank. Instead of getting a vehicle finance loan from a traditional financial institution, you can easily sign up for a rent-to-own agreement and achieve significant savings compared to other options (like taking an Uber to work every day or renting a car).

With rent-to-buy vehicle financing plans, you’re not locked into a long-term contract and you can buy yourself out of the contract if your situation changes in the future. The way that these plans help you to buy a car is that you end up owning the vehicle after a fixed period.

Earn-a-Car is the leading rent to buy vehicle company in South Africa and we have assisted over 4 500 clients in the past 10 years. For instant approval from Earn-a-Car, all you need is to meet the following easy requirements:

  • Proof of income,
  • Make a minimum upfront payment of approximately R16 500 (for the admin fee and first month’s rental), and
  • Make a monthly payment of between R3 000 and R5 000

We understand the tough road you have travelled, the detours and dead-ends, not to mention the difficulty in dealing with some financial institutions that cannot assist you in getting your own car.