Rent-to-buy comes with a number of obvious benefits, such as not having to take on another line of debt for a car and not being subjected to loan interest rates from banks. One major benefit that many people don’t always think of, however, is the ability to upgrade your car as you drive.
When you buy a new car from a car dealership, it loses value as soon as you drive it off the showroom floor. This makes it incredibly difficult for some people to switch to a different car within a couple of years. With rent-to-buy vehicle financing, you don’t own the vehicle for the first few years (or however long you take to purchase the vehicle) so you have the ability to upgrade your vehicle during the rental period.
For example, if your financial situation changes positively, perhaps you get an exciting promotion or change to a job that offers a higher salary. This could mean that you want to upgrade to a more stylish, bigger car that offers a lot more features. With rent-to-buy car financing, you have the flexibility you need to do this, without losing any money.
At Earn-a-Car, we have a number of great pre-owned vehicles for you to choose from. A lot of the stress is removed by knowing that you can upgrade your car if and when you need to.