Rent your Own Car
“Rent your Own” Car is a brand new concept and allows the client to use their vehicle as security to get money upfront and then to rent their own vehicle on a “Rent to Own” basis.
The client then rents their own vehicle over a fixed period of 60 months and when the rental contract comes to it end, the vehicle is transferred back into the client’s name.
The monthly rental installment includes insurance, services, tracker and annual licencing.
1. We buy the clients 2008 Polo Hatch 1.6 Comfortline at a market value of R70,000
2. The client enters into a “Rent-to-Own” contract with the company over a period of 60 months
3. The client pays an upfront deposit of R15,000 and a monthly instalment of R4,600 month
4. After 60 months the client has paid of the vehicle and the vehicle is transferred back into the clients name
5. The client benefits by getting an upfront payment of R70,000 with a bundled solution that includes insurance, services, tracker and annual licencing for R4,600/month. At the end of the rental term the client has basically bought back his own vehicle
1. You instantly get access to an amount equal to the market value of your vehicle – you basically use your vehicle as security to get a large sum of money that you could use for studies, a new business venture, overseas holiday, unforeseen financial expense etc
2. You still get to drive your same beloved vehicle
3. The vehicle becomes your property again after 60 months
4. You don’t have to pay for services, insurance or licencing as it is already included in your monthly instalment
5. You don’t have to go through the painful and tedious process of applying for bank finance
1. You send us your vehicles year model, make, and mileage on the clock
2. We will then be able to give you an estimate of the market value of your vehicle
3. We will then buy the vehicle from you outright and the vehicle becomes the property of the company
4. You will then enter into a “Rent to Own” contract with the company whereby you will rent the same vehicle over a fixed period of time at a pre-determined price and time.
5. At the end of the rental period the vehicle has been paid off and the vehicle is transferred back into the clients name