Car finance for blacklisted individuals might seem difficult to achieve, but at Earn-a-Car, our unique loan model makes it easier for such individuals to acquire the car of their choice and actually own it in just a few years. What makes car finance at Earn-a-car different to the banks? Everything really. We aren’t providing you with a hefty loan or tying you into a long term contract. While there is a contract in place, you can cancel it at any time with 30 calendar days notice. When financing a vehicle through Earn-a-car, you are actually leasing or renting the vehicle for a set period of time.

You might wonder how you will purchase the vehicle at the end of the contract. Firstly, you must make an initial deposit of R16 500. This amount is set off against the actual value/cost of the vehicle. Once you have taken possession of the vehicle, you will need to make monthly rental payments. When each payment is received, we will set aside R300 to develop a lump sum for you to use at the end of the rental period. This lump sum and the initial deposit can be used to purchase the vehicle.

If you decide at the end of your rental period that you don’t want to purchase the vehicle, you can use the lump sum (of R300 per month for each instalment paid) as a deposit on a new vehicle or you can spend it as you wish. The initial deposit is however non-refundable. This unique model makes it possible for us to provide car finance for blacklisted individuals as there is no need for a credit check to be carried out. Simply meet with our rental requirements and you can drive away in the vehicle of your choice today.

How do I finance a vehicle with Earn-a-Car

Those who wish to finance a vehicle with us need to take the time to browse through the vehicles we have on offer. If you find a vehicle you are interested in, let us know and we will start the application process. You simply need to provide us with proof of income, identification and valid driver’s licence and have your R16 500 deposit available. It’s that simple.

If you would like to learn more about our car finance for blacklisted individuals, take the time to contact us via email or telephone at Earn-a-car today.