FAQ
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What is Rent to Buy?
A Rent to Buy agreement lets customers drive a brand-new vehicle through fixed weekly payments. At the end of the contract, they have the option to purchase the car for $1. Eligibility is based on affordability and ABN status.
What are the requirements to apply for Rent to Buy?
Applicants need an Australian Business Number (ABN), steady income, and a valid Australian or international driver's licence.
What cars are available for Rent to Buy?
Auto Ownit offers brand-new cars, vans, utes, and trucks from manufacturers including Mitsubishi, Toyota, Mazda, BYD, Chery, and Hyundai. Customers can also request a specific make or model for a customised quote.
Does Auto Ownit offer second-hand vehicles?
Yes. Although Auto Ownit primarily offers brand-new vehicles, a limited selection of previously owned vehicles is available on its Vehicles page.
Are registration, insurance, and maintenance included in the Rent to Buy agreement?
Registration costs are added to weekly payments and vary by Australian state or territory. Customers are responsible for insurance and maintenance. They may organise their own insurance or choose Auto Ownit's optional Damage Cover.
Are there any additional costs beyond the weekly payment?
Additional expenses can include registration (added to your weekly payment), insurance, maintenance and a government transfer fee when ownership changes. Depending on the circumstances, excess-kilometre charges, administration fees and late-payment interest of 10% per annum may apply.
How much does Rent to Buy cost per week?
Weekly payments depend on the vehicle selected, initial deposit, and contract duration. As a reference, brand-new cars can start from $178 per week, including GST. Customers can browse available plans or request a specific quote.
How does the Rent to Buy process work?
Customers submit a pre-application and supporting documents. After approval, they select a vehicle and contract duration, sign the agreement, pay the deposit, and receive the vehicle.
Vehicles have GPS tracking and remote engine immobilisation, and Auto Ownit retains the spare key during the rental period. The agreement explains the conditions governing these security measures.
Once the contract is complete, customers can purchase the vehicle for $1, transfer ownership into their name, and receive the spare key.
What happens if I can't make a payment?
Customers should contact Auto Ownit as soon as possible if they anticipate payment difficulties. The company reviews individual circumstances to identify a suitable arrangement for both parties.
What happens if I need to end my contract early, leave Australia, or can't keep the car?
Contracts are intended to run for the selected term. Customers who need to terminate early must submit a written request. Auto Ownit assesses the request, and applicable conditions and charges may apply.
Is there a minimum rental period?
Yes. The minimum rental period is one year, with contract terms available from one to five years.
Do I have to pay the whole deposit upfront?
No. Customers can split the upfront payment between contract signing and vehicle delivery. For example, a $5,000 upfront payment could be divided into $3,000 at signing and $2,000 upon delivery.
How can I apply for Rent to Buy?
Customers begin by submitting the Pre-Application form. Auto Ownit then contacts them to complete the application and upload supporting documents. Once approved, the team explains the next steps.
Are there interest rates on Rent to Buy?
No interest is charged on your standard Rent to Buy weekly payments. Your weekly payment stays fixed for the whole contract term. Late-payment interest of 10% per annum may apply if a payment is missed (see 'Are there any additional costs beyond the weekly payment?').
Does Auto Ownit deliver vehicles in all states and territories?
Yes. Auto Ownit delivers throughout Australia. For rural or remote destinations where direct delivery is unavailable, vehicles can be delivered to the nearest participating dealership or transport depot.
Can I add accessories to a Rent to Buy vehicle?
Yes. Accessories must be genuine manufacturer accessories and are installed before vehicle delivery.
How do I contact Auto Ownit?
Customers can contact Auto Ownit through WhatsApp Sales at +61 478 780 897
How do I become the registered owner of the vehicle?
At the end of the contract, you have the option to buy the vehicle for $1 and then transfer the vehicle into your name.
Can I pay off my car early and/or do extra payments?
Yes, you can request the early payout at any time and after completing your first year of contract, you become eligible for a discount of 10–15% off the remaining balance. You can also make extra payments to finish your contract earlier.
Where do I pick up my car?
Pick up your vehicle at one of our offices, a local dealership or a transport company depot.
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