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Rent to own is an opportunity for ITC / Blacklisted, low credit scoring clients & first time buyers to get into the driving seat. 100% approval rate!
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How does Rent to Own work?
The vehicle is rented from Car King & House of Trade Rentals for a period of 48 months. The client has the option to Settle the vehicle at any stage.
A risk deposit starting from R15 000 will have to paid in order to rent the vehicle. Risk Deposit amount is dependent on Client’s Risk Profile & affordability of the applicant.(Trade-ins are also welcome as a deposit.)
How does the application work?
The client’s income & expenses are analysed & affordability determined.
We require the most recent:
· 3 x month’s latest payslips
· 3 x bank statements
· Proof of address
· Copy of ID
· Copy of driver’s license
· Fully completed application form
· Also: Proof of Payment for the R500 application fee
Self Employed clients can also apply, we require then the following:
· 6 x bank statements
· CK Documents
· Proof of address
· Copy of ID
· Copy of driver’s license
· Fully completed application form
· Also: Proof of Payment for the R500 application fee
Applicant must have an income of at least R6 000 to apply.
The monthly rental payment includes:
1. Comprehensive Insurance Cover
2. Mechanical Warranty Cover
3. Tracking Device
4. 24hr Road Side Assistance
The company is based in Newlands, Johannesburg & the vehicle will have to be collected at same.
Contact Details
44 Main Road
Newlands
Johannesburg
Tel: (011) 673 5503