Rent to Own Cars – Some car rental companies have rent to own car options available. The car rental company rents cars to individuals with a poor credit record, and the individual or company gets the benefits of ownership, but not the obligations. The transaction consists of a down payment plus a monthly rental payment. Rental contracts can range from 12 to 54 months but generally they are 48 months long. Our loyalty program means if you rent the same vehicle for 48 months* , we expect to get only R100 on the sale of the vehicle.
Rent to own cars have become very popular because of their no credit check policies and guaranteed approvals.
The advantage of doing business with a rent to own car company like SA Motor Lease is that you have many options, apart from the option of asking them to sell the car, you can upgrade, down grade, cancel anytime if things change and you get unlimited mileage. Many rent to own car dealers report to the credit bureaus, this helping the renter re-establish a positive credit history while making timely rental payments on the rent to own vehicle.
When choosing on a car Rental Company for your rent to own car be sure to do a little bit of homework before hand to learn how a rent to own car contract works.
Ask questions like these before choosing your rent to own car:
- Will they report your timely payments to the credit bureaus?
- Will they accept monthly payments?
- And then last but not least have a mechanic or someone with experience in cars take a look at the car you choose. You do not want to get stuck with an unreliable vehicle.
So if you are looking to purchase a car and your bad credit record will make it very difficult for you to get approved for auto financing, a rent to own car can offer you the possibility of buying a used car regardless of your credit history because these are rentals, with an option to buy or sell.
Are you looking for a rent to own car? Look no further! Pace car rental has a wide range of cars available on their fleet for you to choose from. Have a look at our rent to own cars or call us on 011 262 5500 to speak to one of our rent to own car specialist who gladly be able to assist you.