How rent to buy / own works
Applicant Requirements:
- South African citizen and Foreigners with a valid work permit minimum three years can apply . Business applications accepted , need application from each director , ck documents , bank statements 6 months , latest financials and management accounts .
- Joint applications with husband and wife accepted only.
- Must have a valid drivers licence.
- Earn a salary with payslip and bank statements to prove positive figure for at least last three months.
- Have a FICA approved proof of address
- Minimum net income of R20000 after deductions / net after tax
- Minimum deposit required: 20% of the price of the car being Bought/Rented T & C’s apply.
- We reserve the right to decline rent to buy if all terms and conditions are not met .
- Client can apply online for pre approval , After approval communication is sent via what app or email : All supporting documents (Payslip , bank statements , id , drivers licence and proof of address ) must be brought to dealership , at 252 Main Avenue Randburg in person so we can validate for fraud and interview the candidate.
Select a vehicle:
When the client is validated we will given the client a budget and a year model and milage vehicle that they can choose off Bryanston Executive Cars Floor. (www.becars.co.za) .
More expensive vehicles can be considered if the customer pays a larger non-refundable deposit over and above the required Minimum @ 20 % deposit payable in advance required for rent to own and blacklisted finance .
After the car is selected the Non refundable deposit will be paid so that we can prepare the vehicle , namely roadworthy , mechanical inspection , oil service , tracker and valet .
Rental Payment:
The payment is calculated based in the risk determined by information on the application , supporting documents , deposit paid and the vehicle chosen .
Therefore final rental amount can only be quoted after all of these have been taken into account .
Generally the minimum rental payment including insurance tracker and warranty start at R7000 upwards.
Extras:
Each vehicle will have a tracker device, comprehensive insurance, warranty included in the monthly payment.
Contracts:
The client will sign a rental agreement and option-to-buy agreement at end of rental term.
Flexible Terms:
The Client can choose to buy out the vehicle at any time for the outstanding vehicle value or after 60 months . Terms and conditions apply
It is also possible to cancel the contract at any time, subject to the payment of the cancellation fee which is equivalent to 6-9 months’ rental payment, terms and conditions apply .
Debit Order:
The Client will authorize a 60-month authenticated early debit order (AEDO)
with a POS device.
Maintenance & Damages:
Any damages to the vehicle not covered by insurance or warranty are on the clients’ account.
Select a vehicle:
When the client is validated we will given the client a budget and a year model and milage vehicle that they can choose off Bryanston Executive Cars Floor. (www.becars.co.za) .
More expensive vehicles can be considered if the customer pays a larger non-refundable deposit over and above the required Minimum @ 20 % deposit payable in advance required for rent to own and blacklisted finance .
After the car is selected the Non refundable deposit will be paid so that we can prepare the vehicle , namely roadworthy , mechanical inspection , oil service , tracker and valet .
Rental Payment :
Extras:
Each vehicle will have a tracker device, comprehensive insurance, warranty included in the monthly payment.
Contracts:
The client will sign a rental agreement and option-to-buy agreement at end of rental term.
Flexible Terms:
The Client can choose to buy out the vehicle at any time for the outstanding vehicle value or after 60 months . Terms and conditions apply
It is also possible to cancel the contract at any time, subject to the payment of the cancellation fee which is equivalent to 6-9 months’ rental payment, terms and conditions apply .
Debit Order:
The Client will authorize a 60-month authenticated early debit order (AEDO)
with a POS device.
Maintenance & Damages:
Any damages to the vehicle not covered by insurance or warranty are on the clients’ account.