Lease or Rent to Own Vehicle Finance

In the past, to qualify for leased vehicle finance you had to use the car for the production of your income. These days even blacklisted clients or clients with a poor credit history may also apply for leased vehicle finance or Rent to own vehicle finance though selected dealers.

The process works similar to a normal car rental except that you can take ownership of the car once the rental period are over.The maximum period of a lease is 60 months. At the end of the lease you have the following options: You can take ownership but you will have to pay tax on the market value of the vehicle at that time. Or you can hand the vehicle back to the bank, but this is rarely done because the vehicle almost always has a decent value and is often used as a trade-in against a new car. If you are self employed and have a healthy credit record you can claim maintenance and running costs from the receiver.

Your credit history doesn't have to affect your ability to get a quality vehicle. Rent-To-Own program makes getting a quality vehicle available to all customers. A Rent to Own vehicle ( Vehicle finance for blacklisted ) come licensed, inspected and ready to drive, examined by mechanics and most come with extended warranties.