Rent-to-own

Are you currently in the situation that you can afford an instalment to buy a car, but because of something that happened in the past you are unable to obtain credit? Are you struggling to get a car? Because of your credit profile? LOOK NO FURTHER, we have a solution just for you. Does your credit profile not look too good, under Debt Review or even have a low credit score? Don’t worry, we can help you!!!!!

We work ONLY on your affordability, NOT your credit rating. So, if you can afford it, then you can have it. (Outcome determined by an algorithm system). We can assist with a pre-owned vehicle and the finance to buy it. Please keep in mind that there are certain qualifying criteria that needs to be adhered to, such as:

Must have Nett salary of R15 000,00 (but no less than R12 000,00)
Must have a deposit available of R20 000,00 (but no less than R15 000,00) also (depending on the chosen vehicle)
Must be between the age of 25 to 55 years
Must have a South African ID
Must have a VALID South African driver’s license

Loans Acceptable Funding gives you the option to apply for vehicle finance. Any amount, depending on affordability. This is done as a personal loan and third-party payment is possible to the supplier of the vehicle. If for any reason your application is declined, we can help you find the vehicle of your choice and then you can enter into our rent-to-own scheme, whereby you will be renting the vehicle over 60 months, or less. At the end of the 60-month period you will be able to purchase the vehicle with one (1) extra instalment.

Included in the overall monthly repayments to the Dealership will be, a Tracking device, a fully comprehensive insurance policy as well as roadside assistance. A registration, admin, and finder’s fee of R3500.00 is payable in advance. An administration fee of R3 500,00 is payable to Acceptable Auto upon the approval of the application, this administration fee is non-refundable. For more details read attached documents.

We also only use our application form or any other similar application form, along with the supporting documentation in order to process your application. The supporting documents are:

A clear copy of ID Document. (If it is the ID Card, we need both a copy of the front and the back)
A copy of your driver’s license (we need both a copy of the front and the back)
3 month’s pay slips (most recent three months)
3 month’s bank statements (most recent three months)
Proof of residence (not older than three months)

(Self-employed and husband and wife joint-applications are welcome)

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TERMS AND CONDITIONS APPLY


Applicants Form
 

Click here to download our application form in pdf format

  * Fields are mandatory
  Name:
 
   
  Surname:
 
   
  ID:
 
   
  Cell Number:
 
   
  Email Address:
 
   
  Nett Income (Take home pay): R
 
   
  Loan Amount: R
 
   
  Reason for the Loan? :
 
   
  +- Total Amount Due on Debt (All debt together, the total Outstanding Amount): R
 
   
  Monthly Amount Supposed to Be Paid Towards Your Debt (Even if you pay it or not): R
 
   
  Do you pay all your accounts every month?
     
  Yes
  No
   
  Do you pay some of your accounts every month?
     
  Yes
  No
   
  Do you pay all your accounts, but don't pay full instalments?
     
  Yes
  No
   
  Do you pay none of your accounts every month?
     
  Yes
  No
   
  Do you have a house on Credit?
     
  Yes
  No
   
  Do you have a Vehicle on Credit?
     
  Yes
  No
   
  ITC problems that block you from getting a loan?
     
  Yes
  No
   
  Are you under debt review?
     
  Yes
  No
   
  Are you under voluntary surrender?
     
  Yes
  No
   
  Are you under administration?
     
  Yes
  No
   
  * Please note: Your free application will be referred to a specialist company, who will assist you with the best solutions for your financial needs.
     
  Accept
   
  * Permission to Originate Credit Report: I hereby authorize and agree that the Credit Provider when assessing this application, and at any time during the existence of any loan, may make any reasonable enquiries to confirm any of the details in this application. Such enquiries may include Credit Bureau and Employer Information.
     
  Accept