Rent to Own
Race Motors is a Melbourne-based company we offers a solution for those seeking to purchase a vehicle in a budget-friendly manner. We provide a diverse range of rent-to-own vans that are tailored to meet the specific needs of their clients. We understand that purchasing a vehicle can be a daunting task, especially if you have poor credit or insufficient income. Race Motors seeks to minimize this stress by offering an affordable and hassle-free option. We ensure that each car is of high quality by thoroughly inspecting them before purchase, and all their leases come with a complimentary mechanical warranty.
Race Motors eliminates the need for customers to visit multiple dealerships to find the best deal. We manage everything, including car selection, financing, and after-sales service, to provide a smooth and enjoyable experience. We have a broad range of vehicles to choose from, ranging from small hatchbacks to family sedans. Race Motors focuses on affordability, quality, and customer satisfaction to provide a reliable and convenient option for those looking to own a vehicle without breaking the bank. Overall, Race Motors is an excellent option for people who want a straightforward and cost-effective way to obtain a van.
How To Get Started?
To start your journey towards owning a vehicle, visit our website and explore our extensive range of rent-to-own vans. We have provided detailed descriptions and images of each vehicle to help you select the one that best suits your requirements. Once you have identified your desired van, you can either fill out the contact form or get in touch with our team directly to proceed with the rental process. We are always available to answer any questions you may have and guide you through every step of the process.
Ready To Own Your Vehicle?
With our rent-to-own van plan, you can enjoy all the benefits of owning a vehicle while paying weekly rental payments towards ownership. Our rental plan comes with all the essential features you need, so you can concentrate on driving your new van. We take care of everything else, including maintenance, registration, and insurance, so you can have peace of mind knowing that your vehicle is well taken care of. With our comprehensive service, you can enjoy the convenience of owning a van without any of the hassle.
With Race Motors – Rent To Own Plan You Also Get –
Dedicated Support
Our support team is available online and on-call to assist you with any questions or concerns you may have. We are dedicated to providing you with a stress-free experience and ensuring that all your needs are met.
What Is Rent-To-Own?
Rent to own is a type of financial agreement in which an individual rents a product, such as a vehicle, with the option to purchase it later. Under this arrangement, the lessee usually pays an initial fee or deposit and then makes regular payments for a period of time, typically several years. At the end of the rental period, the renter has the option to purchase the vehicle for a predetermined price, which may include additional fees or charges. Rent-to-own vehicles can be an option for people with difficulty obtaining traditional financing, such as those with limited credit scores.
What Are The Benefits Of Rent-To-Own Over Buying Outright?
Rent-to-own can allow individuals to access products they might not be able to afford otherwise, such as a vehicle or home. Rent-to-own agreements, making it an option for individuals with insufficient credit. These agreements can offer more flexibility in terms of payment options and duration, allowing individuals to spread payments out over a more extended period of time. Depending on the terms of the agreement, a portion of the rent paid during the rental period may be applied towards the eventual purchase price, allowing individuals to build equity in the product.
How Much Can I Expect To Pay for a Rent-To-Own Vehicle?
The cost of a rent-to-own vehicle can vary widely depending on several factors, such as the make and model of the vehicle, the duration of the rental period, and the terms of the agreement.
Some rent-to-own agreements may require an upfront or down payment, while others may require ongoing monthly payments that include rent and a portion of the eventual purchase price. To get a better idea of the cost of a rent-to-own vehicle, you can easily request a quote from us, and we will reach out to you immediately.
What Kind of Cars and Vans Are Available?
Various cars and vans, including new and used models, are available for rent. We at Race Motors provide a broad range of rent-to-own vehicles. We offer affordable options that can make purchasing a vehicle hassle-free with our flexible payment options. We ensure that each vehicle is of high quality by thoroughly inspecting them before purchase, and all their leases come with a complimentary mechanical warranty.
At What Point Can I Buy the Car?
The point at which you can buy the car in a rent-to-own agreement depends on the specific terms of the agreement. Typically, rent-to-own deals include an option to purchase the vehicle at the end of the rental period, often with a portion of the rent payments going towards the purchase price.
How Do Rent-To-Own Cars and Vans Work?
The process typically involves the following steps:
- Choose a vehicle: The individual selects a vehicle from the available inventory offered by the rent-to-own dealership or company. These vehicles may include cars, trucks, SUVs, or vans and are inspected by the dealership or company to ensure they are high quality.
- Sign a rental agreement: The individual signs a rental agreement that outlines the terms of the rent-to-own arrangement. This agreement typically includes the duration of the rental period, the amount of the monthly payments, and any fees or charges associated with the deal.
- Payment: The individual makes regular monthly payments to the dealership or company. These payments usually include rent and an additional amount that goes towards the eventual purchase price of the vehicle. The rental period can range from one to three years, depending on the terms of the agreement.
- Option to purchase: At the end of the rental period, the individual typically can purchase the vehicle for a predetermined price. This price may be based on the amount of rent paid during the rental period and may be negotiable in some cases.
Why Would You Choose a Rent-To-Own Vehicle?
Rent-to-own vehicles are an excellent option for individuals who cannot afford to buy a vehicle outright or need more funds for a down payment. Others may want to test a vehicle before purchasing or prefer a rent-to-own agreement’s flexibility and lower costs. Rent-to-own arrangements offer more flexible payment options than traditional auto loans. The monthly payments may be lower, and the terms of the agreement can be adjusted to fit individual financial status.
How Is It Possible?
Rent-to-own vehicles are made possible through agreements between rental companies or dealerships and individuals looking to rent a car or van. The specific terms of these agreements may vary. Here at Race Motors, our extensive factory training equips us with the knowledge to assist you in making an informed decision about choosing a vehicle that aligns with your lifestyle.
We strive to deliver an interactive tour of our new and used inventory and the ability to conveniently request a quote, schedule a service appointment, or apply for financing. We’re committed to making your experience as smooth and stress-free as possible.