HIRE PURCHASE AGREEMENTS

A simplified car leasing process.

The process of leasing a vehicle doesn’t have to be complicated. We at AutoWallet, simplify the lease process for you with the added benefit of a prime interest rate due to our partnership with trustworthy South African banks. To do this, we use a Vehicle Lease Agreement.

What is a Vehicle Lease Agreement?

A Vehicle Lease Agreement contract is a popular option for someone who sells or trades in a car well before their contract ends as you do not need to pay off a vehicle or pay the added costs that come with car ownership. In essence, you are only paying for the depreciation of the vehicle while you use it. Once your lease is over you can choose to buy the car or return it.

Why sign a Lease Agreement?

Vehicle Lease contracts are an affordable way to drive the car you want without having to pay it off. The fixed monthly instalments are determined by the kilometres you expect to travel each month. What’s more, leasing a may include comprehensive insurance, a service plan, vehicle-tracking and roadside assistance so you can save and live your life to the fullest.

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WHAT ARE THE RISKS?

Failure to make regular monthly payments as per your Lease Agreement is one of the biggest disadvantages. The second is that you will be charged for anything that decreases the resale value of the car. This means you can’t customise it, miss a service (which you have to pay for) or incur excessive mileage. We at AutoWallet guide you through the entire lease process in order to avoid pitfalls as well as ensure you receive the best deal at a prime interest rate.