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Rent Your Own Car

“Rent your Own” allows a client to use their own vehicle as security in order to obtain a cash amount upfront, whilst still driving the same vehicle.

Let’s say the value of the vehicle is determined at R100,000 then we will purchase the vehicle from the client for an amount of R100,000 and the client will then enter into a Rent-to-Own contract with our company, whereby the client rent the same vehicle from our company over a fixed period of 36, 48 or 60 months. At the end of the rental period the vehicle is transferred back into the client’s name at no additional cost. The monthly rental is a fixed amount and includes insurance, a service plan, tracker and annual licencing.

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In the event where the vehicle is still under finance, we will settle the vehicle on the client’s behalf and then pay out the balance between the value of the vehicle and the outstanding settlement amount, to the client. For example, let’s say the vehicle is valued at R100,000 and the settlement that is owed to the bank is R30,000 the we will pay R30,000 to the bank and the balance of R70,000 to the client. The client will then enter into a “Rent to Own” agreement with our company over a fixed period of time of 36, 48 or 60 months, after which the client or “renter” becomes the outright owner of his or her vehicle again.

The biggest advantage to the client is that they get instant access to an upfront cash amount whilst still driving their own vehicle. At the end of the rental term the renter becomes the outright owner of the same vehicle at no additional cost.

In order to apply for “Rent-your-Own” please enter your vehicle details and contact details in the below template and we will revert back to you within 24 hours with a purchase amount and rental proposal.

What are the advantages of “Rent-your-Own”?
  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 36, 48 or 60 months
  4. You don’t have to pay for vehicle insurance, services, tracker cost or licencing, as it is already included in your monthly rental
  5. You don’t have to go through the painful and tedious process of applying for bank finance
  6. If the vehicle is still under bank finance and you are having problems with the repayment of the outstanding instalments, we settle the vehicle on your behalf.

Rent your Own Application

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Vehicle Details:
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Is the vehicle under bank finance?

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Upload 5 recent pictures of vehicle
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