How does Rent to Buy work?
This option is aimed at those people who have been black listed, Debt review or don’t have a credit history and are finding it difficult to obtain credit. The contract term is 5 years. After year 1 and thereafter, the client may opt to purchase the vehicle outright. Purchase values will be given up front for year 1, 2,3,4,5.
What vehicles are available?
Tavcor Motorent offers the following vehicles on Rent to Buy:
Any VW, Suzuki or Fiat range of vehicle with a purchase price of R250 000 or less.
E.g. New Polo Trendline or Comfortline, Vivo 1.4 Hatch , Vivo Sedan 1.4, Suzuki Swift, Suzuki Celerio, Fiat Fiorino.
What Documents are needed to apply?
The only documents we require from the client:
Are there deposits payable?
A deposit of R7500 – R20 000 is required.
How will insurance work?
The vehicle must be insured for accidents and theft. Telesure will contact the client and do an insurance quote with the client. They are contracted to Auto & General, Dial Direct, Budget, 1st for Women, Unity, Verseker. Once the insurance policy is in place the vehicle will be delivered.