• You have to own the vehicle and the vehicle must be fully paid off (in other words, you cannot owe any money to a bank or anyone else on the vehicle)
• You will obviously need to provide us with the papers for the car, your identity document, your proof of residence, proof of bank account and some other information.
• Because this is not a loan, there is no affordability assessment.
• There is no credit check as this is not a loan.
• We will need to assess the vehicle for damage and required repairs.
• You need to be in Cape Town.
• The amount you need, needs to be more than R 40 000.

• Assuming that the vehicle is in a roadworthy condition, you could expect to get the market value (in other words, the value that your car would sell for on the open market).
• The price would be adjusted to: – settle any outstanding fines on the vehicle; and – undertake any repairs which might be necessary to make the vehicle roadworthy.
• There is also an origination fee of R2,500 which is payable by you to the buyer up front, and this is deducted off the purchase price so will not affect your cash flow.

Our rentals are generally cheaper than if you were to rent a vehicle from a rental company such as Avis or Europcar. The rentals are calculated taking into account the type of vehicle, the age of the vehicle, mileage and the book value of the vehicle. The rental amount will also include: – insurance on the vehicle – tracking costs (the vehicle will be fitted with a tracking device). We would quote you a rental amount before you sign any documents to ensure that you are happy with all of the elements of the sale and/or the rental. We will give you at least one month’s notice of any increase to the monthly rental amount, and this will not happen more than once a year.

• You will have to settle all e-tolls, fines, traffic infringements or other penalties charged while you rent the vehicle.
• You will also have to pay the insurance excess if the vehicle is involved in an accident while you are renting it.
• Any costs of operating the vehicle are also for your account – such as fuel, oil, tyres, etc. for the period that you rent the vehicle.
• Administration fees can be levied by us if a payment bounces or if we have to make any payments or do any of the things that you are responsible for under the rental agreement (such as pay your speeding fines, etc.) These amounts are not included in your monthly rental amount and are therefore payable by you as and when they arise.
• If you default under the rental agreement, you will also be liable for our legal costs to enforce the agreement.

The rental runs on a month to month basis, and you are not tied into any minimum period. At the end of each month, you can either return the vehicle to us or rent the vehicle for another month by paying the rental for the next month to us.

The vehicle price will again depend on the market value of the vehicle at that time, the condition of the vehicle, the age of the vehicle, etc. You could expect the vehicle to be sold back to you at as close to the market value of the vehicle as possible. The vehicle purchase price will be clearly indicated on the contract. No suprises.

Typically within 24-48 hours from the time you bring your vehicle to us for the inspection. If repairs are required to bring the car up to roadworthy standards, a repair consent form will need to be signed in addition to the offer to purchase and lease agreement. The purchase price will be transferred to you and as soon as the vehicle repairs are completed and the lease amount is paid by you, you can DriveAway.