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A rent to own or rent to buy agreement is very simply just renting a vehicle on a monthly basis per agreed upon contract. This is instead of financing it through a financier.

Will you need vehicle insurance when you are financing a car?South Africa does not have legislation requiring car owners to take out insurance. Therefore, it is not compulsory for people who buy their cars cash. It is, however, compulsory if you are financing your car. The financial institution who finances your vehicle will either insure the car themselves (at your expense) or require proof of insurance.

We recently launched our **VEHICLE FINANCE product page** to help people all over South Africa make a better vehicle finance decision! In the next few weeks, we're going to give you the full low-down on all things vehicle finance, so stay tuned for more after this article.