Do you need a car and are currently exploring the finance options available to you, in order to own a car? Have you heard of rent-to-own a car? This is an option where you are able to rent a car, over a long period of time, without having to pay interest. At the end of the rental period, you have the option to own the car.
Here is a helpful guide that outlines the positives and negatives of a rent-to-own car finance option:
- Credit: If you are blacklisted or have a low credit score, you are still able to pay for a car monthly.
- fixed payment terms,
- Interest free
- Monthly instalment includes insurance and 24 hour assistance
- A small portion of your monthly instalment is accumulated every month, to be used to service your car or replace your tyres.
At Earn-a-Car, in the past 9 years, we have helped over 5 000 people in South Africa, to find a pre-loved car. If you have a low credit score, are considered to be a high risk finance customer, it can be challenging finding the suitable finance option to buy a car, that is affordable. To find out more, give us a call today.