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Kaya Biz – Car For You, an innovative rent-to-own vehicle financing model

Kaya 959 Reporter

Car For U seeks to turn the South African second-hand vehicle market on its head and alleviate the woes of consumers who are unable to obtain vehicle financing.

Rent-to-own, which may look like a better option when considering high-interest rates is an option now available for many South Africans.. It’s very important however to consider all aspects of the deal in order to decide whether it is, in fact, the better choice for you.

Car For U, aims to disrupt the second-hand car market and rent-to-own sector by disposing with minimum salary requirements or the need for a clean credit history.

Also Read: Kaya Drive: Buying a car over the phone

What it’s about?

Arnoux Mare, who is the MD at Car For U spoke to Gugulethu Mfuphi on Kaya Biz, about this new innovative way to rent-to-own a vehicle, and shared how the origin of the business was based on how he wished he could rent a car for a long-term period, as opposed to financing a car which costs a lot of money.
“With many people with rent to own type of businesses, they are so strict in any case, they offer either exceptionally expensive rentals, or they have the same terms and conditions as as financing a car. It’s not controlled, so you don’t have to check your credit record, you simply renting a car until ownership to you. “
He also spoke about making it easier for people who want to access such an important necessity as a car.

How different public transport is to renting a vehicle?

When it comes to transport Car For U, plans on making it easier for various consumers with specific needs Mare explained how, the simplicity of their business model will allow many South African access to the freedom of driving a car with a pleasant arrangement.

“Public transport doesn’t work effectively in every aspect of life, it doesn’t work for sale people, it’s doesn’t work for a single moms that are taking their kids to school, or even the dad who want to buy his son or daughter his first car. This gives them an easier option to do this.”

 

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