Page 134 - KZN Top Busines Portfolio 2020/21

WHYBUYCARS

www.whybuycars.co.za

THE BETTER WAY TO HAVE A CAR individual has the deposit and means – which many
don’t – to secure finance, there are many regulatory
In a sentence, WhyBuyCars is the better way to have hurdles to overcome. Some people may be blacklisted
a car. or under debt review, whilst others may have foreign
passports. Rejection of application for finance can be
WhyBuyCars features short-term leasing options with
a range of vehicles offered at a monthly price that as high as 40%.
includes insurance, maintenance and taxes. Once finance is secured, South Africans are then
locked into an interest-based, long-term commitment
The idea was born from Owais Suleman – CEO of The
Woodford Group (Pty) Ltd – and his experience of with a depreciating asset that they may not be sure
leasing vehicles abroad. He decided to launch a fresh they’ll utilise for a long period of time.
and original take on the concept that was ultimately Insurance and maintenance then add to the burgeoning
uniquely-tailored for and relevant to the South African cost of owning and using a vehicle.
market.
WhyBuyCars skips ahead to the use of the vehicle,
The leasing model for South Africans was based on the with the realisation that, regardless of the situation,
realities that everyday people faced when it comes to South Africans still need to get around and – in the
having the resourcing to purchase and use a vehicle. absence of a reliable, robust public transport system –
Even before the lockdown, credit rating and access simply have to have a car to use on a daily basis.
to finance has always been a first barrier. Even if an WhyBuyCars therefore offers a short-term lease of

132