What does rent to buy mean?

Renting a vehicle on a fixed-term rental agreement with the option to purchase it at the end of the term. It is not a credit agreement, so approval depends on affordability rather than your credit score.

Do I own the car during the term?

No. You are renting it. Ownership only transfers if you take up the purchase option at the end of the term for a nominal R5,000.

How much does rent to buy cost?

From R1,750 a week — about R7 583 a month — for an entry hatchback, rising with the vehicle value, plus a rental deposit from 10% of that value.

Is rent to buy a good idea?

It suits people who need a reliable car now and cannot pass a credit-based application. The monthly amount carries insurance, tracking and licensing, so compare it against a bare instalment plus those bills, not against the instalment alone.

What Is Rent to Buy? South Africa Explained

Rent to buy explained: a fixed-term rental agreement with the option to own, from R1,750/week (about R7 583/month) with insurance and tracking included.