Our Rent 2 Buy scheme is an innovative solution that merges the benefits of leasing and vehicle ownership, making it easier than ever to drive away with the vehicle you desire, even if your credit history isn’t perfect.
At its core, Rent 2 Buy is a long-term rental agreement that offers an option to purchase the vehicle at the end. Unlike traditional leasing or car loans, our Rent 2 Buy scheme is more forgiving of past credit difficulties. Each payment you make is not just a rental fee, but a step towards owning the vehicle outright.
The process begins with an initial deposit, followed by regular weekly or monthly payments over a set period of time. Towards the end of this period, there will be an optional final purchase fee, if you wish to own the vehicle outright. This balloon payment is calculated based on the market value of the vehicle and the payments you have already made.
One of the primary advantages of the Rent 2 Buy scheme is that it eliminates the need for a hefty upfront payment, often a significant barrier when purchasing a vehicle, especially for those with credit challenges. It allows you to effectively manage your budget, spreading the cost of the vehicle over manageable instalments.
Another advantage is that throughout the Rent 2 Buy period, while you’re responsible for the maintenance and upkeep of the vehicle, including services, MOTs and any necessary repairs, you also build equity in the vehicle. Each payment brings you closer to outright ownership.
With our Rent 2 Buy scheme, getting behind the wheel of your dream vehicle could be easier than you think. With each payment, you’re not just renting – you’re actively investing in your vehicle’s future. It’s a straightforward, simple and effective way to own a vehicle, regardless of your credit history. Contact us today to find out more about our Rent 2 Buy options and how the optional purchase works.