BLOGS
Rent-to-own lets you drive a brand-new car for one monthly amount, with no deposit and no credit score check. MadRent prices start at R6,395 a month. These guides explain how rent-to-own works in South Africa, what the monthly figure actually covers, how it compares with bank finance and car subscription, and how to qualify if a bank has already declined you.
In short
- One monthly amount covers the car, comprehensive insurance, maintenance, servicing, tyres, a tracker, 24/7 roadside assistance and a courtesy car.
- 3,000 km a month is included.
- No deposit. A once-off, non-refundable start-up fee applies instead, from about R20,000.
- Approval is based on affordability and stability, not on a credit score.
- You can return or cancel at any time, or buy the car at the end of the term.
Questions these guides answer
What is rent-to-own? You rent a brand-new car on a monthly agreement that includes running costs, with the option to buy it at the end of the term rather than an obligation to.
Do I need a deposit? No. A once-off, non-refundable start-up fee applies instead, and it is not a deposit held against the car.
Will you check my credit score? Approval is assessed on what you can afford each month and how stable your income is. Blacklisted, impaired-credit and debt-review applicants are regularly approved.
Is rent-to-own cheaper than bank finance? It is not a like-for-like comparison. A bank instalment excludes interest over the term, insurance, servicing, tyres and the resale-value risk you carry. MadRent includes all of that in one figure. Which works out cheaper depends on the vehicle, term and mileage. What you get here is cost certainty.
Can I buy the car at the end? Yes, that option is available at the end of the term.
Written by the MadRent team · Last updated 15 September 2026
