Rent-To-Own Magic: Who will Benefit?
Rent-to-Own deals are a fantastic new trend in terms of solving your transport problems – there are numerous reasons why you may not be able to buy a vehicle, and if you fit into one of the profiles below, this will be reason enough for you to consider MadRent’s Rent-to-Own Deals.
1. No Credit History: If you have never had any debt, chances are you won’t qualify for financing because – weirdly – you have to have had debt to prove you can manage it. If you don’t have a history of paying off some debt (be it clothing accounts, credits cards or furniture accounts), Rent-to-Own may work for you!
2. Blacklisted or on ITC: We have all faced financial challenges, and sometimes this leaves you in a space where you don’t qualify for more credit such as vehicle financing, because you have been blacklisted. Don’t let this get you down – Rent-to-Own deals are not affected by
your ITC listing!
3. Cashflow: Don’t have a lump-sum of money to drop in one-go in order to buy a cheap, second-hand vehicle? As long as you have a consistent source of income, you are still able to qualify for a Rent-to-Own deal where you can pay monthly, drive a good vehicle, and have the option of owning it at the end of the lease period.
4. Have cash, don’t want trash: Alright, so you have a small amount of money to spend on buying a car, but really don’t want to settle for old, potentially trashy vehicles on the second-hand market? Rather go for a Rent-to-Own deal where your money can be put towards renting (and ultimately buying) a brand new, top-quality car of your choice!
5. Small Business? Wanting to start your own business, but for one of the reasons mentioned here you can’t that head start to obtaining a bakkie, or small delivery vehicle? No problem – with MadRent you can rent-to-own a vehicle that will help you start earning money, and allow you to purchase your first business vehicle within a short time period.
Don’t hesitate, check out the benefits and fantastic deals that MadRent has to offer:
www.madrent.co.za