Borrowing money from a bank can be a tricky process these days. Ever since the credit crunch of 2008, traditional banking institutions like banks have become a lot more strict about their lending criteria.
As a result, people looking for extra finance are finding it much harder to get access to cash when they need it most.
With the amended National Credit Act, more micro lending institutions have entered the market, giving South Africans access to a wider array of funding options.
Buying a car is often at the top of many South Africans’ to-do lists. The reality however, is that not everyone can afford to buy a brand new car.
When buying a new car isn’t an option for you, there are other ways to get access to the car you need. Gone are the days of only having a traditional lending institution to rely on. These days there are numerous vehicle finance specialists that can assist you with all your needs.
Universal Auto offers premium car sales and rent-to-buy car rental options.
Vehicles for sale include:
- Land Rover
- Mercedes Benz
Price ranges are from R50 000 to R100 000; R100 000 to R150 000 and R400 000 to R450 000.
Universal Auto lets you choose the vehicle you want, within the limits of your budget. You won’t be limited in terms of the type of vehicle you can get.
Tell me more about Rent-to-buy car rental from Universal Auto?
The rental amount is fixed over 48, 54, 60 or 72 months. This gives you the benefit of being able to pay a consistent amount every month, making it easier for you to budget. You know exactly how much you must repay at the end of every month.
The monthly payment included vehicle insurance, warranty and roadside assistance. This way, you are assured of a convenient solution to all your car needs. For instance, you don’t have to worry about insurance and you get roadside assistance if you are stuck on the side of the road because of a breakdown.
You get to choose from inexpensive vehicles to executive cars. You have the option of choosing from over 150 vehicles.
Renting a car can be more convenient and it also allows you to drive any car you wish to, without having to pay exorbitant monthly installments.
In order to qualify for a car rental solution, you may have to pay a certain amount upfront.
What are the qualifying criteria?
- Minimum R15 000 initiation fee
- Valid South African drivers’ licence
- Valid South African ID
- You need to be at least 18 years of age as well.
To contact Universal Auto, call: 011 869-5772
Visit www. universalauto.co.za