Rent-to-Own Cars: Is It a Scam? Unveiling the Hidden Costs! | Keep It or CHANGECARS Podcast

Thinking about going the rent-to-own route for your next car? Before you commit, let’s uncover the truth about the hidden costs and risks involved:

🌟 What You Need to Know:

1️⃣ Sky-High Costs: Rent-to-own deals in South Africa often include steep interest rates and hidden fees, making the car much more expensive than it seems. 💸
2️⃣ Repossession Risk: Miss one payment, and the car could be repossessed immediately—no court order required. 🚨
3️⃣ Fewer Protections: These agreements don’t always fall under the National Credit Act, meaning you have less legal protection. 📜
4️⃣ Scam Alert: Be cautious of dodgy dealers or stolen cars in rent-to-own schemes. Always verify the vehicle and dealership! 🛡️

💬 Have you tried rent-to-own in South Africa? Was it a great deal or a financial trap? Let us know in the comments! 👇

🔗 Like, share, and follow for more car-buying tips and insights from All Things Motoring!

#RentToOwnCars #CarFinanceSA #HiddenCosts #CarTalkSA #AllThingsMotoring #VehicleOwnership #SouthAfricaCars #CarBuyingTips #CarFinance

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🛻ALL THINGS MOTORING🏍️

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