WELCOME TO CAR HUB DURBAN
Can’t Get Finance?
Skip the Bank. Rent to Own is the BEST Alternative.
The smartest, easiest way to own your new or next car.
- Instant Approval Paths (Blacklisted, Debt Review, Low Credit or Self Employed are Welcome to Apply using the STRAIGHT APPROVAL option)
- Flexible Monthly Plans
- Wide Selection of Quality Hatchbacks, Sedans, Bakkies & SUVs
WHAT IS RENT TO OWN?
Rent-to-own is a financing arrangement where you rent a vehicle for a fixed period with the option or obligation to take ownership at the end of the term. It is a flexible alternative to traditional bank financing.
How It Works
Application: Unlike traditional bank finance, rent-to-own agreements generally do not fall under the National Credit Act (NCA). This means providers are not required to perform the same rigorous credit and affordability checks, making it an accessible option for people with low credit scores, blacklisted, or even those under debt review as well as self employed to use the Straight Approval option which GUARANTEES your approval.
Required Documents (KYC)
Valid ID Document, Proof of income (e.g. Bank Statement, Pay slip), Driver’s license, Proof of residence).
The Agreement: You sign a contract for a set term. Each payment you make contributes toward the eventual ownership of the vehicle.
Ownership: At the end of the term, vehicle ownership is transferred into your name therefore owning the vehicle. If you do not wish to keep the car, you can usually return it or upgrade to a newer model.
Why Choose Rent to Own?
- Bundled Costs: Monthly premiums/installments often includes:
- Insurance
- Vehicle tracking device and subscription
- License renewals
- Basic service/maintenance
- Accessibility: Easier approval for those with poor credit or no credit history.
- With the Straight Approval, normal credit checks are avoided, therefore guaranteeing your approval for rent to own.
- Flexibility: The contract allow for early exit or upgrading.