MadRent Chapter 1

Let’s Break it Down…

So, you’ve heard of renting-to-own a vehicle, but you may not be sure what that actually means. Is it like renting a house, where you pay someone to live in their property? Is it like paying off furniture that you bought on an account? Well, Women-Torque are here to give you insight into this exciting ownership option.

The simply answer to the above questions is no. It’s different from renting a house, because at the end of your rental period, you have the option of taking ownership of the car for an affordable price. This means that for those of us who aren’t able to obtain financing through a financial institution, we are not without options of owning a vehicle either.

Rent-to-own services, as offered by MadRent, ensure that you are able to drive a good quality vehicle, suitable to your unique needs, for a monthly fee. One major advantage here is that lease payments are often much lower than payments you would have had to commit to through financing.

Another major draw-card is that at the end of the rental period, you are able to purchase the vehicle for a price that is less than what you would have paid through any other channel, as this “buy-out” fee is nominal. You also have the option of continuing with a new lease, and this is often a really attractive option for those who want to drive a new vehicle (or need to upgrade to a bigger vehicle, for example) every few years.

Advantages of rent-to-own agreements are numerous, not the least of which is the fact that with MadRent Rent-to-Own, the costs you pay every month include the leasing of the vehicle itself, all maintenance and service costs, insurance on the vehicle as well as roadside assistance for those uncertain times when something goes wrong and you need help.

Rent-to-Own is an excellent option for the young professional, or even the newly-working mom who needs to ensure she can get the kids to school and be available for her own career on time. It certainly takes away the often-unreliable effects of public transport, and allows you to be more independent and take control of your own situation. In this way, MadRent as a company also seeks to uplift its clients and help them to change their financial situation by providing brand new or demo
models for you to lease.

A last mention about the advantages of Rent-to-Own deals is the suitability of such an arrangement for individuals wanting to start businesses – renting-to-own allows you to have a reliable vehicle
with which to build yourself up, without needing to commit to financing that requires a track record or credit history, which you may not yet have. Successful rent-to-own deals have developed into private uber-type businesses in the past, thanks to this innovative concept. Keep an eye out for the next chapter in the MadRent story, where we will be relating the success story of a young lady who found the rent-to-own option certainly changed her circumstances, and her life.

A Torque Queen Special