What are your best options, if you need a car and can’t get the cash to finance a purchase immediately? Would you borrow from your friends and family or take out a car loan or consider a rent to own service? If we were to give you advice, we would say you should go for the third option.

What is Rent to Own Cars?

The Rent to Own car service is just exactly as its name sounds. Here you get to rent a car and sign an agreement to make payments towards buying the car when the rental period comes to an end. Many people tend to turn towards rent to own because the companies usually offer certain incentives to make their offer more attractive but is that reason enough to consider their service?

Before you consider the rent to own car service, there are certain things you have to consider before you choose to apply.

What to Consider Before Applying for Rent to Own Cars

• First, our rent to own cars usually comes with a payment structure where you have to pay for the car weekly. Your weekly payments will cover your Registration, CTP Insurance, Comprehensive Insurance, 1 Year of Scheduled Servicing and Roadside Assistance
• Our inventory selections have some of the best quality cars in the market and are all fully serviced and detailed so you’re guaranteed to get an excellent car. 
• Also, you must observe your credit score. It is quite important to the success of your application. The higher your credit score, the better your chances of having a successful application but that doesn’t mean your application hinges on your credit score.
• Maintaining your payment schedule should be something to consider before applying for a rent to own. While you’re marveling at this, try to understand the terms of the agreement and research the quality of vehicle available in the company you’re considering before you decide on signing up.

Related Article: How Do You Know When It’s Time to Get a New Car?

Conclusion

Rent to own cars have their advantages and disadvantages which may be in your favour or not. However, if they fall in your favour and you consider giving it a trial, get in touch with us here at CarCoop. We’re an experienced rent to own car service provider and we will provide you with that car you need in no time.