Vehicle Rent to Own
Rent-to-own financing comprises of renting a vehicle for a fixed period, after which you become the owner. Usually, buyers put down a deposit and then make repayments.
If your current vehicle has been or is about to be repossessed, Clear Future can purchase a vehicle on your behalf. The vehicle product is similar to any normal vehicle finance from any major banks.
The following criteria applies:
- You must prove affordability.
- A 20% deposit is required.
- Repayment term is between 48-60 months.
- The normal National Credit Act criteria applies, income less living expenses, less your commitments to Creditors.
- If you can afford a vehicle, we will buy you a vehicle for the amount you can afford, purely based on your specification.
- Maintenance, services, annual license fee and other costs for the client’s account. This will become your vehicle. You can settle the contract at any time, sell it as per normal finance. (T’s & C’s apply)
If renting to buy is the right vehicle solution for you, visit: https://clearfuture.co.za to find out more today!