Rent to Own Cars Adelaide
Thinking about rent to own cars, Adelaide-based and want to get the most for your money? Look no further than Savvy!
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Looking for rent to own cars and Adelaide-based?
Most car finance requires an excellent credit score and a clean borrowing history, but is there an option if your credit report isn’t blemish free? Well, rent to own vehicle finance provides a flexible option when you’ve had problems in the past. It could be that you’ve recently recovered from unemployment and need a car for a new job, but the banks are saying no based on your credit history. Rent to own is kind of like renting a car without wasting money. Your payments go toward owning the vehicle if you find yourself in a position to buy. If you don’t, you can simply hand the car back when your contract is up for review.
Rent to own options in Adelaide via Savvy
Traditional lenders will turn you down for car finance if you’re new to Australia and without a credit history or even if you’re receiving income from Centrelink and looking to start a new job. If you’ve experienced issues with paying off loans, credit cards, or getting approved for car finance – and even if you just arrived in the country, rent to own might be the perfect solution. Here at Savvy, we partner with dozens of specialist lenders so we can connect providers with customers that suit their specific qualification requirements.
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Guide to how rent to own cars in Adelaide work
All the costs of any rent to own car finance in Adelaide get based on the value of the car during the term. That basically means each time you make a payment, you not only rent the vehicle, but you build some potential ownership – while the residual value of the vehicle drops at the same time. At the end of the term, due to depreciation, the car will be worth a lot less than when you signed up, and you can purchase for a more reasonable cost.
When you can’t or don’t want to commit to a five-year car loan contract, rent to own cars give you the flexibility you need. Choose to just use the car and return it or opt to buy the vehicle when the term ends. If your situation is still undecided when that happens, you can extend the contract and keep driving. The beauty of rent to own cars is that you don’t need to make a decision until the end of the agreement.
Because the lender doesn’t know if you’ll return the car when the term ends, they carry the risks associated with the residual value and maintenance. That means all the costs of servicing and registration are included in your affordable regular rent to own car payments. It’s a hassle-free way to drive and the finance provider will remind you when services and maintenance are due, plus they’ll keep the rego up to date – and there’s no huge registration bills to worry about once or twice a year.
While they’re driving a rent to own car Adelaide customers just need to make sure they keep it in good condition, aside from reasonable wear and tear. If it’s a second-hand car, chances are it won’t be in perfect condition. Just like when you rent a car overnight or on holidays, the provider will get you to sign off on an inspection form. It’s important to look after the vehicle’s interior and exterior in case you return it when the agreement ends. You’ll also need to take it to scheduled services and keep an eye out for any maintenance issues and report them to the lender. Apart from that, you just make fixed, regular payments throughout the term and enjoy your freedom.
Rent to own cars is pretty quick and straightforward. Just get in touch with Savvy and tell us a little bit about yourself, the type of car you need, and your budget. Then, one of our car finance experts will quickly get to work finding the most suitable, cost-effective finance offers out there. Once we’ve located your ideal lender, we’ll get you to fill in a quick form, upload some documents and your bank statements online, and when your application gets approved, the lender will ask you to sign an agreement. After that, it’s just a case of picking up the car.
