Typically, after a home, the most valuable asset in our lives is our vehicle. More than just transport from A to B, an extension of our personal taste or a signifier of success, a vehicle is—first and foremost—a store of value.
Once the finance has been settled though, the only way to access the cash value of your vehicle is to sell it. Of course, this resolves a cashflow issue, but unless the sale is funding the purchase of another vehicle, it leaves one with a transport problem.
And this is where pawn shops, scammers and the like have their opportunity.
Typically, after a home, the most valuable asset in our lives is our vehicle. More than just transport from A to B, an extension of our personal taste or a signifier of success, a vehicle is—first and foremost—a store of value.
Once the finance has been settled though, the only way to access the cash value of your vehicle is to sell it. Of course, this resolves a cashflow issue, but unless the sale is funding the purchase of another vehicle, it leaves one with a transport problem.
And this is where pawn shops, scammers and the like have their opportunity.
DriveAwaySA provides everyday South Africans with the means to tap into the embedded value of the vehicles they own outright, allowing them to free up cashflow while still providing them with the opportunity to continue driving their (or another) vehicle.
Our product is structured so that we can lawfully and responsibly give clients access to the funds that they need by facilitating the sale of the vehicle they own and providing them with an option to rent a vehicle so they can put the money they need in their pocket and carry on with their lives.
But more than just an innovative approach to helping you raise cash quickly, DriveAwaySA understands that in this space, trust, security and discretion are incredibly important.
DriveAwaySA doesn’t provide loans—rather, we act as an agent for a network of vehicle buyers. If you own your car outright, we arrange for your car to be sold at a fair market price and for the purchase price to be paid over to you.
Our leasing agreements with these buyers then ensures that you can, if you so wish, rent yours or another vehicle from us (at rate similar to, and often times less than, market-related long-terms vehicle rental rates), keeping you mobile and living the life you’re accustomed to.
What’s more, if you do choose to rent your vehicle and think you might want to buy it back at some stage in the future, you can do so at the original price you sold it to us for. And if you’re renting another vehicle, we arrange that the buyer offers it to you first at the end of the rental period.
