Rent to own a car
Drive it now, own it at the end. One monthly payment covers the rental, comprehensive insurance and tracking — and the car is yours after 60 months. Bank turned you down? This does not go through a bank.
How rent to own works
- Apply — no bank involvedWe do not submit this to Standard Bank, MFC or WesBank. A poor credit record or no credit record is not automatically a no.
- Pay the deposit15% of the vehicle price gets you the keys. The bigger the deposit, the lower the monthly.
- One monthly paymentRental, comprehensive insurance and the tracking unit in a single debit order. No surprise bills.
- The car becomes yoursAfter 60 months you pay the R2 500 option-to-purchase fee and we register the vehicle in your name.
What it costs
Estimated monthly rentalR7 648everything included
| Cash price | R250 000 |
|---|---|
| Deposit up front | R37 500 |
| Rental portion | R6 175 |
| Comprehensive insurance compulsory | R1 125 |
| Tracking unit | R149 |
| Monthly admin fee | R199 |
| Monthly rental, all in | R7 648 |
| Option-to-purchase fee at the end | R2 500 |
| Total over the full term | R498 880 |
Estimated rental at 15% deposit over 60 months at an effective 24.5% a year, including compulsory comprehensive insurance, the R149 tracking subscription and the R199 monthly admin fee. Ownership transfers to you at the end of the term once the R2 500 option-to-purchase fee is paid. Insurance is quoted on the vehicle's value and your own premium depends on your age, address and driving record.