As a rent-to-own vehicle finance provider, we help clients who want an affordable, long-term solution to own a car. Whether you earn a commission or a fixed monthly salary, you can turn to us to find your next set of wheels.
Many people have a love-hate relationship with commission-based income. On the one hand, you are largely responsible for how much you can earn in a month, you can organise your own work schedule and your monthly income and your income will largely depend on the number of deals you have been able to secure.
There are, however, a number of downfalls associated with commission-based income. Traditional lending institutions may perceive you to be a high-risk client, especially if you have been earning a commission for less than one year. If your income fluctuates from month to month, this places you at an even higher risk. The challenge with being perceived as a high-risk client, is that you may need someone to co-sign on loans, and you may even be charged higher interest rates by vehicle finance institutions.
Instead of paying exorbitant interest rates, you can opt for a rent-to-buy vehicle finance contract with Earn-a-Car. When you choose to earn your car, you will not pay interest rates because the company is not lending you money to buy a car. With Earn-a-Car, you will be renting a vehicle until you have earned it, which can be in as little as five years.
Whether you earn a fixed salary or a commission, you need to make sure you have a reliable vehicle. Partner with Earn-a-Car for a high-quality car that you will own and avoid having to pay high interest rates!