Rent-to-Own Cars in Australia: What’s Real and What’s Not

Many companies advertise “rent-to-own” cars — but most are really just rentals or leases in disguise.
Here’s how to tell the difference, and what to look for when seeking genuine rent-to-own providers in Australia.

What “Rent-to-Own” Should  Mean

A true rent-to-own agreement is a regulated form of consumer credit under the National Consumer Credit Protection Act 2009 (NCCP).
That means:

• You own the car outright at the end of the term.
• All costs are clearly disclosed — no hidden fees or balloon payments.
• The provider operates under an Australian Credit Licence (ACL).
• The total cost complies with ASIC’s 48% per annum cap on credit charges.
• You are protected by Australian consumer and credit laws.

If a company doesn’t meet these standards, it’s not true rent-to-own — it’s just a rental or lease dressed up as one.

Why RentBuyIt Stands Apart

RentBuyIt, operated by Autoflex Leasing Australasia Pty Ltd (ACL 428926), offers a genuine rent-to-own pathway designed to meet Australian credit and consumer laws:

• Transparent pricing — no hidden fees, no surprises.
• Ownership guaranteed after the final payment.
• No balloon payment or residual amount.
• New and near-new vehicles with clear weekly repayments.
• Consumer protections under ASIC and NCCP regulation.

In short, RentBuyIt combines flexibility with fairness — helping Australians get into a reliable car and truly own it at the end.

Beware of “Look-Alike” Rent-to-Own Offers

Be cautious of companies that:

• Advertise “no credit checks” (a red flag — ASIC requires responsible lending checks).
• Don’t show a total purchase price or APR.
• Require extra steps or fees to transfer ownership.
• Call their contracts “leases” but promise eventual ownership.

These models often fall outside ASIC compliance and can leave you paying far more than the car’s actual value.

The Bottom Line

If you want a true rent-to-own car in Australia:

• Make sure the provider is ASIC-licensed,
• Guarantees ownership after the term, and
• Provides transparent costs with no hidden traps.

Right now, RentBuyIt is one of the few Australian providers that meets those standards.

RentBuyIt — Australia’s trusted, compliant rent-to-own car provider.