I got declined for financing… what now?

Most youngsters today only know about two sure-fire ways of owning a car. Firstly, buying a vehicle cash, and secondly, applying for financing through a bank or institution in order to pay a car off until it eventually becomes your property after a good many years. Granted, there is always the option of winning a car, or simply being given one by your wealthy aunt or uncle… but what happens if you don’t qualify for any of the above?

Being declined for financing can be for any number of reasons – it certainly isn’t a reflection on your worthiness to have transport, and it certainly doesn’t have to be a bad thing. This is where rent-to-
own magic serves you the best – because rent-to-own packages do not rely on your credit score, and nor do they require you to have debt as a means of making more debt (which is often a requirement when it comes to financing – literally needing you to prove that you can pay off other debt in order to incur more).

What’s great about rent-to-own is also the fact that the monthly installment you will be paying does not include interest fees that go straight into the bank’s coffers and ultimately means the price you
pay for the vehicle is often double what it is worth – or more. Instead, the monthly fee you will be paying includes the actual use of the car, tracking services, comprehensive insurance as well as roadside assistance – all of which is beneficial to you! That’s right. Rent-to-own services seek to prioritise your needs and ensure that you have access to transport when you need it the most.

With a whole host of excellent, high-quality vehicles available for your rent-to-own pleasure, MadRent can cater to you budget, and to your needs. Scroll through our catalogue or contact us for more info.