Advantages of a Rent-to-Own Car Plan
The decision to get a vehicle for your growing family or day-to-day use is a big one that equals extra responsibility. Besides housing, utilities and food, paying for a car is one of the most significant expenses individuals and families incur.
If you’re looking into buying your own car there are smarter ways to buy. If you’re on a tight budget a rent-to-own plan might be a better choice for you.
What is a rent-to-own car plan?
A rent-to-own car plan is an agreement to rent a car for a specified period with the option to own the car at the end of the agreement. It may be paid on a weekly, fortnightly or monthly basis. At the conclusion of the agreement there will be a number of options available to you which could include returning, upgrading or owning the car. Many companies charge a large final payment (Often hundreds of dollars) if you choose to own the car. At CarCoop the final payment is tiny, just $1.00 and the car is yours.
Before deciding on any particular plan we recommend you do your research and read the terms and conditions, privacy policies and FAQs. Evaluate your personal needs first before you decide if a rent-to-own plan is the right fit for you.
To help you make a decision here are some of the advantages of a rent-to-own plan with CarCoop:
1. No credit checks required
CarCoop does not require credit checks, giving everyone access to a vehicle regardless of their credit history. We assess whether you can afford to make the weekly, fortnightly or monthly payments and make our decision based on this information.
2. Low-priced weekly fees
CarCoop offers a low-priced weekly, fortnightly or monthly fee which includes Registration, Insurance, Roadside Assistance and 1 Year of Scheduled Servicing.
3. Ownership after 2 years
CarCoop offers a 2-year rent-to-own plan on all our cars with the option to return, upgrade, or own the vehicle once the term ends. Once you complete the agreement you are able to purchase the car for just $1.00.
There are numerous benefits when you choose a rent-to-own car plan with CarCoop. Lower prices and the ability to own your car in just 2 years are certainly the most obvious.
Of course the final decision rests with you so don’t forget to assess your needs and research your choices before you decide on the best fit for your lifestyle and budget.
If you’re leaning towards getting a rent-to-own vehicle consider CarCoop for all of your rent-to-own car requirements.
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