A rent-to-own or rent-to-buy agreement involves renting a car on a monthly basis per agreed upon contract. This is done instead of financing it through a financier such as a bank. In this agreement, you will pay an agreed minimum deposit or percentage of the vehicle’s value. This is followed by fixed monthly finance instalments (or rent) which results [...]
Buying a new car is a significant investment, and preparation is essential. This article will provide you with a few things to consider before deciding on which vehicle suits you. 1. Your lifestyle We would all love that top of the range sports car that we see gleaming through the showroom window, but let's be honest, is it a [...]
Do you want to own your own car? Are credit checks creating a challenge? Finding ways to finance a car, can be more difficult than not only deciding on the car make and model that meets your needs, but also finding it. At Earn-a-Car, we will help you find and finance a pre-loved car that is in good condition. [...]
Most South Africans find it difficult to live without credit. The Debt Counselling Association has recently released staggering figures that reveal 40% of South African consumers who are in debt, are struggling to make their monthly repayments. If you fall within this bracket, an approved car finance application may be difficult. We’ve listed five of the most common reasons [...]
Owning a car means freedom! The freedom to stay out with friends for as long as you want to, or leave for work without waiting for public transport. Consider a rent-to-own car. We offer nearly one thousand pre-owned vehicles as well as an easy 3-step car finance process. Here are a few top tips for first-time car buyers in [...]
Being under debt review is stressful. In South African, you will need to manage the debt review process and manage other uncontrollable factors such as the low economic outlook, rising living costs and high levels of unemployment. If you are blacklisted, you won’t be able to enter into any new debt. It is possible, however, to get blacklisted car [...]
Rent-to-own car financing is becoming increasingly popular in South Africa. In this blog post, we discuss a few reasons why: More affordable A new car is considerably more expensive than a pre-owned car and depreciates considerably within the first two years. More often than not, the monthly repayment amount that you will owe to the rent-to-own car company will [...]
Very few scenarioscan dampen your perfect Valentine evening out more than a broken down car. Car maintenance does not need to be a time-consuming and costly exercise if you keep at it on a regular basis. Here are a few helpful pre-Valentine’s Day tips to help ensure your car is in good condition: Tyres Remember that the tyres are [...]
Many banks in South Africa are cutting back on credit extensions. Johan Burger, CEO of FirstRand, attributes consumer affordability issues to the dilemma. Last year, more South Africans took on mortgages, but unsecured lending in the form of personal loans and credit cards were declined. Burger said that credit extension is going to be low for the next few [...]
The petrol price in South Africa reached a record high at the beginning of July 2018, with 95 Octane now costing R16.02 inland and R15.43 in coastal regions. Petrol rose to 82 cents a litre for both 93 and 95 octane fuel and the diesel price increased between 85 and 87 cents per litre, with illuminating paraffin shooting up [...]
