Being blacklisted or having a poor credit record can make it difficult to get approved for traditional vehicle finance. But that doesn’t necessarily mean you have no options.
Rent to buy may be an alternative worth exploring. Instead of relying solely on a traditional vehicle finance arrangement, you enter into a rental agreement with terms that can allow you to take ownership of the vehicle at the end.
Before you sign
Make sure you understand each of the following:
- Monthly rental: what you will pay each month.
- Upfront fees: what is due before you take the vehicle.
- Contract period: how long the agreement runs.
- Conditions for ownership: what must happen for you to take ownership at the end.
You should also check whether you meet the provider’s eligibility requirements and can comfortably afford the payments.
Declined for car finance?
If you’ve been declined for car finance, it may be worth exploring whether rent-to-buy suits your circumstances.
| Looking for another way to get behind the wheel? Explore the available vehicles at Future Motor Lease and enquire about your options. |