Page 133 - KZN Top Business Portfolio eBook -2024

The idea was born from the experience of leasing You simply need to apply online, have your application
vehicles abroad. WhyBuyCars was ultimately uniquely- approved and go in to collect your vehicle immediately
tailored for and relevant to the South African market. thereafter.
The leasing model for South Africans was based on the WhyBuyCars has seen much success in the uptake
realities that everyday people faced when it comes to of the concept, especially during trying times for
having the resourcing to purchase and use a vehicle. cash-strapped consumers. WhyBuyCars therefore
Credit rating and access to finance has always been provides a fresh and innovative approach to using
a first barrier to buying a car. Even if an individual has a car.
the deposit and means – which many don’t – to secure There are no frills nor fine print and the offering puts
finance, there are many regulatory hurdles to overcome. the control into the hands of the user. You can stop
Some people may be blacklisted or under debt review, after three months if you find your situation doesn’t
whilst others may have foreign passports. Rejection of afford you the service, or you can change your vehicle
application for finance can be as high as 40%. every three months if you’d like to extend or change
Once finance is secured, South Africans are then locked things up. You know exactly how much you’ll be
into an interest-based, long-term commitment with a paying and don’t have to factor in additional costs,
depreciating asset that they may not be sure they’ll such as interest or insurance.
utilise for a long period of time. Online Auction Platform
Insurance and maintenance then add to the burgeoning Woodford Bid is an online auction platform built
cost of owning and using a vehicle. for the sale of used vehicles from Woodford car
WhyBuyCars skips ahead to the use of the vehicle, with hire and trusted partners. Woodford Bid allows
the realisation that, regardless of the situation, South customers to get direct access to quality vehicles
Africans still need to get around and – in the absence without going through a middleman, meaning
of a reliable, robust public transport system – simply great value and savings.
have to have a car to use on a daily basis. Woodford Bid uses the latest online technologies
WhyBuyCars therefore offers a short-term lease of to ensure price accuracy and reliability, and online
just three months or six months with a flat rate that transaction security uses SSL-encryption to guarantee
includes insurance, maintenances and taxes. Having a the safety of your transactions.
car becomes accessible and more importantly, flexible Woodford Bid primarily sources vehicles from
in a fragile economy where people are uncertain of Woodford Car Hire, acquiring popular vehicle
their future. models at low mileage. We also partner with trusted
Most importantly, WhyBuyCars has been built on a suppliers to give you access to a broader range of
technology-driven platform, allowing for a smooth options. Each vehicle that we list goes through an
process that can get you behind the wheel in no time extensive assessment, and any damage found is
at all. disclosed to you, along with an estimated repair cost.

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