How can Optimal Auto in conjunction with Planet42 help you get a car?
Exciting news!
Optimal Auto with Planet42 is now offering a fantastic rent-to-buy car subscription service to individuals in South Africa! You can now drive and own any vehicle you desire, regardless of its age.
3 Easy Steps:
Apply
Complete an Online Application
We’ll give you a the outcome. You then need to share a few verification documents with us (ID, driver’s licence, bank statements) so we can validate your application.
Drive
Once your application is approved, we'll provide you with a reliable affordable vehicle to meet your transportation needs.
Your monthly flat payment covers the rental as well as comprehensive insurance, GPS tracker and VAT.
Buy
Rent To Buy offers you the flexibility to buy out your car at any time for the buy-out price, which decreases every month.
After renting the car for 5 years (60 months) you automatically have the option to buy it for R5,000. Alternatively, you can continue renting indefinitely. You can also return the car to Planet42 at any time after the first 6 months.
How the application process works:
Apply
01
You submit the application on our website
02
If your application is approved, we present you with the offer and ask for a few documents (ID, driver’s licence, bank statements). You can proceed with choosing the car you want the most.
03
After signing the contract, you take delivery of the car you chose and Planet42 rents it to you. You drive the car and make monthly payments to Planet42.
Here’s a breakdown of what happens once you get your car:
Drive
Every month you make a debit-order payment to Planet42 for renting the vehicle. The amount you pay is personalized to your requirements and remains the same for as long as you have the vehicle.
All of their rental rates include comprehensive & third party insurance and a tracker device.
Car maintenance is your responsibility.
You will receive notifications from Planet42 reminding you when your next payment is due.
Buy or Return
The car also has a buyout price – this is the price for you to purchase the car outright. Every month this price goes down, and you can buy the car at any point.
Or, after 60 months of renting, you have the option to buy the vehicle for R5,000.
There is no fixed term for how long you pay the monthly rental fee.
You can return the car at any point after 6 months, paying only a 1-month cancellation fee.