Page 9 - KZN Business Sense - Vol6 No3 - eBook

VEHICLE LEASING MAKING AN IMPACT

he Woodford Group, a to earn a living. The absence of an A range of vehicles are available
locally-based, proudly efficient public transport system depending on the client’s needs
TSouth African company compounds this problem for many and budget from three depots
that has been in the vehicle rental people. Households are under based at Johannesburg, Cape
and leasing business for 30 years is increasing pressure to service their Town and Durban airports. These
making an impact in the market debt and monthly commitments are include a manual or auto Renault
with its new service offering. at an all-time high. Consequently, Kwid or Sandaro Stepway, a
locking oneself into a long-term Toyota Corolla Quest, or a Nissan
WhyBuyCars is a real game payment plan is currently not a
changer in the South African viable option for customers. NP300. Two more models are
vehicle market as more customers shortly to be added to the range.
become savy in this market. WhyBuyCars means that driving These vehicles are all late 2019 or
Currently, there has been a a vehicle is more accessible and 2020 registered and undergo a
worldwide shift in consumer most importantly offers clients comprehensive inspection prior to
purchasing habits where people the flexibility to finance the asset. release.
are considering leasing a viable Clients pay a fixed monthly fee for The flat rate starts at a competitive Sandaro Stepway
alternative to purchasing a vehicle. the duration of the lease, which is R5000 per month, which includes
not dependent on credit ratings monthly insurance payments,
In a nutshell the service offering or risk. There are also no onerous maintenance, tracking devices, free
allows a client to lease a vehicle demands on clients when it comes monthly kilometres as well as all
for three to six months with the to applying for finance and the taxes.
option of extension regardless of terms from banks do not apply.
the customer’s credit profile or The entire process of applying,
credit rating. This model is applicable to approval and collecting a car
anybody needing to access a vehicle. is seamless with an expected
One of the impacts of the global The initial target market was private turnaround time of 24 hours. A
pandemic Covid-19 is to create a individuals with no access to potential client must complete
level of uncertainty in the vehicle credit but a huge demand from the all their details online on the
market, which will persist in the corporate sector is apparent. WhyBuyCars website. In order to
next few months and possibly qualify the applicant must be over
years to come. The volume A disposal channel for vehicles 25 years of age, have a valid driver’s
of impaired credit rating and is available wherein clients would licence, be employed, and earning
blacklistings has also increased full in an additional questionnaire more than R10 000.00 per month
and will continue to increase in on the platform and upload the and to have the cash available Toyota Quest
their near future because of the trade-in vehicle images and details. to pay for the first month rental
impact on the economy of the The vehicle is then assessed, and a
Covid-19 outbreak. reasonable offer is provided which upfront. 
is subject to inspection. Clients
However, for many South then have the option to have the For more information visit
African’s mobility is key for them proceeds paid out to them. www.whybuycars.co.za

Dube The city of Durban
TradePort
0 1 and King (eThekwini Municipality)
0 0 Shaka is South Africa’s
1 International second most important
Airport - 60- economic region
0 year Master
11 11 Plan - driving
growth of Extensive fi rst-world
01 aerotropolis, road, rail, sea and air
1 or airport city
1
1 0 0 0
1 01
01
00
1 1 0
0 0 11 1 00
1 1
0 Rated in top 5
0 0 11 1 1 0 ‘Quality of Living’
BUY LOCAL 11 1 01 1 0 cities in Africa and
Middle East by
INVEST LOCAL 1 1 0 1 11 Mercer Consulting in
2015
0
1
1
0
1
1 0 0 1 1 1 Named one of the
0 11 0 0 New 7 Wonders Cities
Let’s come together and heal as a nation. 0 0 11 1 by the Swiss-based
Let’s focus on renewing, restoring and rebuilding successful partnerships 11 1 New 7 Wonders
and investment opportunities so we can get back to promoting our city as 0 11 Foundation in 2014
the ideal destination for business and pleasure to the rest of the world.
1 1
1 0 1 1
Your support coupled with our world-class infrastructure, innovative 1
business environment and ever evolving investment opportunities, means 1 0 0 01
we can get back to ‘connecting continents’ in no time. 1
0 3 00
11 0 1
Tel: +27 31 311 4227 0 11
Email: invest@durban.gov.za 11
web: invest.durban
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