Welcome to Car - Finance. Rent to Own Options

For consumers with bad credit or no credit histories, getting into South Africa’s bustling car-buying market the traditional way can prove to be almost impossible.In order to qualify for car finance or a loan, mandatory credit checks will apply and could indicate that you do not qualify for financial assistance – this is where Car Finance steps in with a trusted rent-to-own option. Take the exciting first steps of becoming the owner of your own car today! Struggling with car finance just means a different approach to attaining your vehicle, with the same goal in mind!

If your budget currently allows you to take on the additional monthly payment of a car, however you are struggling with car finance, we have a solution tailored to you, which will get you behind the wheel in no time! This option means no credit checks, while individuals under debt review, administration or sequestration can also apply – it is in your hands to consider your monthly affordability and choose to make this leap, with the assistance of our team at Car Finance. While we do assist clients in applications for vehicle finance by way of a personal loan (where repayment to the supplier of the vehicle is an option) we also provide a professional and transparent rent-to-own solution, should this application be declined.

Car finance issues are not the end of your journey to finding and owning your dream vehicle! When renting-to-own, you’ll pay back a fixed monthly payment which also covers insurance and a tracker system, over a period of 60 months or less. You will also need to pay a R3500 finder’s fee upfront, which includes registration and admin. Once you have successfully made all your monthly car payments and reach the end of the agreed to payment period, you can purchase the vehicle by paying one additional instalment. It is important to note that, should you default on any payments or make late payments, the car can be repossessed and you will lose all the money you have paid towards it – carefully consider your budget ary restraints and allow of Car Finance team to advise you on suitable car options, based on what you earn and can spend every month.

To find out if you qualify for our rent-to-own scheme, please send us the following documentation. These documents will also generate a list of vehicles that you qualify for. If you are applying with your spouse, please send documentation for the both of you:
. Latest proof of address
. Copy of ID and valid driver’s license
. 3 months bank statements (internet/stamped) . Your latest payslip

Rent-to-own/buy vehicle opportunities are ideal for committed individuals who would eventually like to own their own car. Struggling with car finance does not mean you cannot eventually own your own vehicle. You have plenty of new or second-hand vehicle options to choose from and just like with any car purchase, will be given a breakdown of the car that includes mileage, all the necessary paper and a road worthy certificate. You can also test drive the vehicle beforehand! Contact us today to get started!