HOW CREDIBLE ARE THEIR VEHICLE SUPPLIERS? ASK THIS QUESTION!
Where do they procure their vehicles?
Who is their insurance broker and underwriter?
THIS IS REALLY IMPORTANT FOR YOU TO UNDERSTAND AND YOU HAVE THE RIGHT TO ASK!
What does the insurance cover?
ASK FOR A COPY OF YOUR POLICY THAT COVERS THE CAR YOU ARE DRIVING!
Why an activation fee?
THE COMPANY SHOULD ALWAYS BE ABLE TO EXPLAIN THIS TO YOU. THERE ARE VERY SPECIFIC COSTS THAT THIS COVERS.
Is the company a legally registered trading entity?
YOU HAVE ALL THE RIGHT TO ASK FOR PROOF OF THIS.
Are we talking a service plan or a maintenance plan? (Major difference)
ASK WHAT YOUR VEHICLE DEAL INCLUDES AND FOR WHAT PERIOD OF TIME!
Who supplies the maintenance plan?
THIS IS IMPORTANT. MAKE SURE IT’S A MAJOR COMPANY.
What happens if I cant afford my rental anymore?
NATURALLY YOUR VEHICLE MUST BE IMMEDIATELY RETURNED BUT THE COMPANY
MUST HOLD IT FOR AT LEAST 5 DAYS OUT OF PURE
GOODWILL IN ORDER FOR YOU TO MAKE RIGHT ON YOUR RENTAL PAYMENT.
What happens if I want to purchase my rental?
IF IT’S A RENT TO BUY DEAL
THEN YOU CAN ASK AT ANYTIME FOR AN OFFER
TO PURCHASE THE CAR.
WE CAN ASSIST YOU WITH FINANCE
TOO THROUGH OUR MARKET LEADING PARTNERS.
Why is Rent to Buy more expensive than Finance?
Rent to Buy companies take huge risk as their clients are unfortunately already high risk. We also bolt on very comprehensive insurance and service or maintenance plans for our clients which are very expensive but very convenient for clients. Last but not least, we offer 48 months deals whereby the banks sometimes drag a deal out over 72 months with a balloon payment still due!!
What are the Rent to Buy benefits?
We take huge risk away from our clients by taking care of services, all insurance, tracking and even 24 hour roadside assistance. We also allow clients to come in and chat to us if they lose their jobs whereby they can give a 45 day notice period and if their accounts are up to date and their vehicle is in good condition, they may just hand the keys back and walk away.
If a company advertises Rent to Own can I trust them?
NO! This term is completely illegal unless they can send you their valid financial services licence. Without this, your contract is at major risk.
But I want to own my car at some stage, is this not a good idea?
A car is a massive depreciating item. Once you eventually own a car after years of bank payments or if you choose to buy your Rent to Buy vehicle it will have probably halved in value and have no maintenance plan or service plan or warranty. Thats just insane to want to own. A full maintenance long term Rent to Buy product means we save you all of these worries and risks and you get into a new updated car every year or two.