RentBuyIt is an Australian owned company operating out of Melbourne since 2012, and now servicing South Australia and Queensland Metro based customers. We specialise in servicing those individuals, families, and business owners that have sufficient income but are unable to obtain conventional finance due to the nature of their employment, limited or bad credit history, or visa restrictions.

At RentBuyIt, we understand that the landscape of the workforce has changed. Many families have multiple incomes and individuals may be working 2 jobs on a part time or casual basis. You may also be a single parent earning sufficient income; or have recently become self-employed.

You may have been locked out of conventional finance options offered by banks and auto finance companies due to a number of reasons, including:

• Credit Discrepancies
• Bad Credit History
• Late Payments
• Not meeting a strict lending policy.

We try to assist people in this category by carefully looking at their current financial situation rather than intensely focusing on your past. What we do is responsibly determine whether you can afford the payments on the vehicle.

To be eligible to apply you must:

• Be a minimum of 21 years of age or older
• Hold an Australian Drivers Licence
• Hold an Australian Medicare Card
• Have a fixed Residential Address
• Have a minimum consecutive 90 day work history
• Be an Australian resident or hold a permitted VISA type.

To begin the application process with RentBuyIt please follow these simple steps:
1. Click on the ‘View All Cars’ tab (at the top of this page) or your city’s ‘Showroom’ button (on top of the home page)
2. Click on the vehicle of your choice. Once this is clicked, photos of the selected vehicle will appear on your screen with a description. Below these pics you will find an online enquiry form. Please fill in all the fields accepting our Privacy Policy and press ‘Submit’.
3. You will receive an automated email with further information pertaining to pricing and packaging of the vehicle you enquired on along with a link to make your application online in 3 easy steps!

For more information on exactly what is required, don’t hesitate to ask our friendly team.

Before your application can be assessed, you are required to provide the following minimum documents:

• 90 days of bank statements (up to today’s date). The bank statements must relate to the bank account where your income is deposited and where all of your transactions take place (this may be more than one bank account). We will provide you with a link to download your 90 day bank account(s) transaction history.
• Payslips in the last 30 days or current Centrelink income statement
• Current Australian Drivers License
• Medicare Card or Passport
• Utility Bill and/or Residential Lease Agreement.
• General Personal Details

Yes, you can. If you are working and also receive Centrelink income, you can apply. Alternatively, if you have a working partner and you are receiving Centrelink only income, you may consider applying together as joint applicants.

Yes, as part of our formal application process, we will perform a credit check with your consent. We will not perform a credit check during the enquiry stage.

All regular vehicle payments must be paid via a direct debit arrangement from your nominated bank account on a weekly basis.

Our deposits across most of our range start at $299 for most pre owned cars or mid sized brand new cars. We give you the flexibility of paying more upfront if you choose, allowing you to reduce the term of your contract.

You are required to cover the maintenance on your vehicle (excluding the capped price service offer on any new car), along with vehicle registration renewals, fuel and tolls.

You are free to pay off the car as quickly as you like without penalty.

Once you have completed your weekly payments at the end of the full term, you are then able to take ownership of your vehicle to complete your contract.

We do not charge any balloon payments or make you pay a market value price for the car at the end of your term. To take up the option to own the vehicle, the only requirement at the end of your term is that you need to provide a Road Worthy Certificate and pay any Government charges associated with transferring the car into your name.

It is compulsory to have Full Comprehensive Insurance on your vehicle at all times throughout the term of the contract.

We offer our customers access to our fleet insurance scheme that is underwritten with a large and reputable Insurance company. We can quote all insurance premiums once we have your personal and driving details.

No, as the vehicles provided under a rent to own arrangement are registered to Autoflex Leasing during the term of the contract, no other insurance provider will offer private comprehensive insurance cover on the vehicle until you finish your contract term and take ownership of the vehicle.

Your insurance premium, paid in addition to the weekly car payment, is calculated based on your age, driving experience, residential location and the value of the vehicle chosen. We will provide a formal quotation to you once we have obtained the relevant details from you during the application stage. The insurance premium you pay can change during the term of your contract depending upon market factors and claims history.

Yes, we do consider historical defaults or low credit scores. We understand that you may have had credit issues in the past, but we primarily focus on your current financial position to determine that you have the ability to meet the weekly vehicle payments.

Yes, applicants do need to be at least 21 years of age. Between the ages of 21 and 25, our fleet insurer will apply an age based loading on your insurance premium. A premium loading will also apply to drivers with less than 2 years driving experience.