Business Description ~ Earn-A-Car Inc. through its subsidary provides mid to low-range automobiles to individuals with sub-prime credit on a "rent-to-own" basis. The company's business model is structured to take advantage of the opportunity that exists in the southern African market, where cars for personal and business use are in high demand, but where traditional bank financing is difficult to access. Approximately 45% of credit rated South Africans have impaired credit. All vehicles are fitted with the latest in anti-theft technology, as well as "disabling" devices which allow for its vehicles to be immobilized and retrieved immediately in the event of theft, or non-payment by the customer (monthly in advance) with the result that bad debts are minimal. Loyal customers are rewarded for each completed month with cash back that, typically over 4 years, is sufficient to buy the car from Earn-A-Car.
Posted by John Storey on May 25, 2015 in Blog, Vehicle finance |
A new driver in the family usually means a new set of wheels. Earn-a-Car has many car brands, makes and models to choose from. Earn-a-Car offers instant credit approval and as long as you have proof of income and a minimum down payment of R16,500, you will be able to meet our simple requirements. When using Earn-a-Car, we will give the new driver in the family the chance to earn their own pre-owned car in as little as 4 to 6 years, even if they’re blacklisted. The instant approval – 1 hour drive deal will put drivers into the driving seat in record time, but at the same time provide a new and safe vehicle.
The easiest way to get rid of bad credit and blacklisting
Blacklisting and bad credit can result in future problems when looking for and buying new vehicles for the family. This is why renting your vehicle (to eventually own it) can help to get rid of any bad credit or blacklisting problems, so you are free to do as you please once you have successfully completed the contract. Renting is also a good option if the family has more than one car, as it allows you to easily stay in full control of monthly expenses with our fixed monthly contract terms. Speak with one of our consultants today, so that we can help you get a great set of wheels for the new driver in the family and if you want any advice on how to get rid of bad credit or blacklisting.
CEO ~ John Clifford Storey
CFO ~ Bruce J. Dunnington
Treasurer and Secretary ~ Graeme Thomas Hardie