Under debt review and need car without deposit? Here’s your solution

July 28, 2022

If you’re in South Africa and under debt review and need a car without a deposit?

Luckily, there’s a solution available for you: rent-to-own also known as rent-to-buy. This service offers cars for a monthly rate with a low deposit. This can be a great way to get out of debt and improve your credit score. In addition, rent-to-own often has flexible payment plans, so you can pay off your car over time. And if you decide you don’t want the vehicle after all, you can simply return it with no penalty.

Sounds interesting? Keep reading, we will compare rent to buy to many different options and list everything about this revolutionary subscription service for people under debt review.

What does it mean to be under Debt Review?

Being under debt review means that you are committed to repaying your debts in full, but you have negotiated new terms with your creditors. This may involve lower monthly payments, a longer repayment period, or a combination of both. It is important to remember that you will still be required to make all of your payments on time and in full.

What is considered a bad credit score?

A credit score is a numerical representation of an individual’s creditworthiness. A credit score is mainly used by financial institutions to assess the credit risk of potential borrowers. A credit score ranges from 300 to 850, with the higher the number, the lower the risk. Anything below 580 is traditionally considered bad credit. There are many factors that go into a credit score, such as payment history, credit utilization, length of credit history, etc. A bad credit score can prevent you from getting a loan, credit card, or a mortgage. It can also lead to higher interest rates and affect your ability to get a job. If you’re blacklisted or under debt review, it’ll be even harder to get approved for loans or lines of credit, which is why we suggested rent to buy. So it’s important to keep an eye on your credit score and take steps to improve it if necessary.

What are my options?

There are plenty of options for you to choose from, but as we mentioned, rent to buy is the most available and the least stressful option for those under debt review. We will still compare the other options to rent to buy, however.


Rent-to-own, also called rent-to-buy, is a type of agreement in which you rent a car for a fixed monthly price. There is usually a lower deposit, or you can often choose your own payment plan. This can be a great way to get out of debt and improve your credit score.

There are several other benefits to rent-to-buy:

The ability to build equity in the vehicle and the flexibility to return the vehicle if your financial situation changes.

This choice can be a great option for people who want to buy a car but don’t have the full purchase price upfront. It allows you to rent the vehicle for an agreed-upon period of time, during which you make monthly payments towards the purchase price. At the end of the rental period, you have the option to buy the vehicle outright or return it.

Finally, rent-to-own contracts typically include basic maintenance and repair coverage, so you don’t have to worry about unexpected expenses.

At Planet42, we understand that buying a car is a big investment. That’s why we offer our rent-to-own car subscription, which allows you to take your car home today and spread the cost of the purchase over time with a flat subscription fee. With our rent-to-own program, the deposit is up to R9,999, and you can return the car at any time with a low cancellation fee. We also have a wonderful support team. So you are welcome to ask and call us for questions.

Plus, our team is always here to help you choose the perfect car for your needs. So what are you waiting for? Visit Planet42 and start fulfilling your dream car today! We have tons of different brands and cars available to everyone’s tastes.

Buying a new car from a car dealership

Car dealerships are businesses that sell cars. They may be independent or part of a car manufacturer’s network. Dealerships usually have a showroom, workshop and office facilities. Some also have a parts department. The advantage of buying from a dealer is that they typically offer warranty cover and other after-sales services.

The disadvantage is that they can be more expensive than buying from a private seller. Dealerships also tend to be inflexible on price, and it can be difficult to negotiate a good deal.

Another downside is that your credit score may be affected if you finance your purchase through the dealership. This could make it harder to get credit in the future.

Finally, if you default on payments, the dealership could blacklist you or put you under debt review, which would damage your credit rating even further.

Buying a used car from a private seller

Used cars are a popular option for South Africans living in Cape Town looking for a new vehicle. There are many advantages to buying a used car, including the lower price tag and not taking loans.

However, there are also some disadvantages to consider before making your purchase.

One of the biggest dangers of buying a used car is that you may not be able to inspect the vehicle thoroughly before making the purchase. This could lead to hidden damages that may not be covered by your warranty. In addition, used cars may have been in an accident or may not have been properly maintained, which could lead to expensive repairs down the road. Remember, that the private seller’s biggest interest is to sell the vehicle. By the time you have bought the vehicle, you can’t do much about it.

Before making your decision, be sure to consider the pros and cons of buying a used car.


Leasing is a type of financing that allows businesses or individuals to use an asset for a set period of time, after which they can return the asset or purchase it outright. Although leasing can be a convenient and flexible way to acquire equipment or vehicles, there are a few disadvantages to leasing that you should be aware of before signing a lease agreement.

First, if you are under Debt Review or have been declared insolvent, you will not be able to get leasing. Second, if you are blacklisted, you may still be able to lease, but you will likely have to pay a higher deposit and monthly rate.

On top of all this, you should also look out for scams surrounding leasing and loans, as many rental and leasing companies will use your under debt review or poor credit score as an advantage.

Finally, if you default on your payments or damage the leased property, you may be held liable for the full cost of repairs or replacements. As such, it is important to consider all of these factors before entering into a lease agreement.

Car rental

If you’re looking for a short-term solution or don’t want the hassle of owning a car, renting a car may be the answer.

However, there are some things to consider before renting a car.

You will need to have a good credit score as most companies will do a credit check before approving your application, people that are under debt review or that are blacklisted may have a challenge getting a rental.

Another thing to consider is the length of the contract. Most car hire companies require a minimum contract length, typically around 3 months. This means that if you only need the car for a short period of time, renting a car may not be the best option.

Finally, make sure to read the fine print of the contract before signing anything. hidden fees and charges are common in the car hire industry, so it’s important to know what you’re getting into before agree to anything.

All in all, hiring a car can be a decent solution if you need a vehicle for a short period of time and meet the requirements of the car hire company. However, there are a few things to consider before making your decision.

Asking friends for financial support

This is known as co-signing. It is when you assist someone else in getting a loan or credit.

When you co-sign, you assist the primary borrower by signifying to the lender that you trust the borrower will repay the debt. You may be asked to co-sign for a friend or family member who is trying to obtain financing for a car, a home or even just a credit card. As a co-signer, you can improve the chances that the primary borrower will be approved for the loan, but being a co-signer comes with risk.

If the primary borrower makes late payments or defaults on the loan, your credit score will be affected. In addition, you may be responsible for paying off the entire debt if the primary borrower can’t or won’t pay. This is why it’s important to only co-sign for someone you trust and who has a good history of making payments on time.

It’s also important to keep in mind that as a co-signer, you’re equally responsible for repaying the debt, so make sure you can afford to make the payments before you agree to co-sign.