| What is the Rent-To-Own Program? |
EZ OWN’s Rent To Own Program is an alternative
option to getting into a used vehicle with little money down and low
bi-weekly payments. All payments are 0% interest and go towards the
purchase of the car. Because you are renting, you don’t have
a huge vehicle loan hanging over your head, and you have the flexibility
to “trade up,” “trade down,” or even return
the vehicle without defaulting or damaging your credit. |
| What kinds of vehicles are available? |
We have a large selection of used vehicles available,
Compacts, Sedans, Trucks, SUVs, Minivans, and more! |
| What do I need to qualify? |
We are a stability based program, not a credit based
program. The information we need is:
Proof of Employment
Proof of Residence
Valid Driver’s license
Phone bill
6 references
|
| I have a bankruptcy and/or repossession. Can I still
qualify? |
Yes, you still qualify for the program. We are a stability-based
program, not a credit-based program. |
| Do I have to put money down? How much is the down payment? |
Each of the vehicles we have is structured with a set
down-payment, bi-weekly payment, and term. Down-payments range from
$500 to $3000, based on the type of vehicle you want. Depending on
your particular situation, some portion of the down-payment can be
deferred and scheduled into your payments for you. |
| How much are the payments? How often? |
Depending on the vehicle of your choice, bi-weekly payments
range from $120 plus tax, to $221.27 plus tax. |
| How long is the lease term? |
The term is 2 ½ to 3 years, depending on the
vehicle. |
| Is there a mileage restriction? |
Yes, 1,250 miles a month. Mileage is assessed quarterly.
Over-mileage charges are .20/mile and go directly towards the payoff
of the vehicle - they are not additional fees tacked onto your contract.
|
| Can I “trade up” or “trade down”
during my lease term? |
Yes, you can upgrade or down grade your vehicle at any
time, as your needs change. And you are never penalized for doing
so. |
| Who is the vehicle registered to? |
The vehicle is registered to EZ Own Auto Source, which
means that we pay for the registration every year (a savings of $150-$300/year) |
| Do I need my own insurance? |
Yes, you are responsible for your own insurance on the
vehicle. We have a third-party brokers who can work with you to get
an affordable policy if you need an agent. |
| Who takes care of regular oil changes? |
We do! You simply bring the vehicle to one of our Walmart
locations and it is covered at no charge to you. This service should
be performed every 90 days or 3,000 miles. |
| Who takes care of vehicle service issues outside of
the 3000 mile service? |
For a nominal additional fee on your bi-weekly payment,
you can opt to WRAP your vehicle in our extended warranty program,
which provides, after a $100 deductible, 50% coverage of any necessary
mechanical-related repairs.
Items related to normal wear-and-tear (e.g., batteries, tires,
etc.) are the responsibility of the customer. We offer low rates
on parts and labor at our Scottsdale service shop, as well as discounts
at other third-party repair shops.
|
| What happens if I miss a payment? |
You will receive a $5 late fee for any payment made
over 5 days late. If you find yourself in extended difficult times,
just give us a call so that we can work out an alternative payment
plan, if possible. |
| What happens if I can’t make my payments any more? |
You are able to return the vehicle at any time and you
will not be penalized. |
| What are the other benefits of the program? |
We have a great customer referral program that pays
YOU when you refer someone to us and they successfully enter the program.
Give us a call today to learn more! |
| How do I get started? |
Call or stop by one of our locations today and we can
get you driving. |
