Car - Rent to Buy
 

Hopefully someone can help, as we all know, Spanish used cars are more expensive than most other countries. I have heard there are rent to buy schemes out there, anyone know where to search for this? My friend Google has for the first time not given me any answers:(

Thanks in advance :thumbup:

Re: Car - Rent to Buy
 

Try the car hire companies, especialy Crown, as they sell off their fleets and/or lease to sell after a certain time

Re: Car - Rent to Buy
 

Thank you MrsJDR, good suggestion :)

Re: Car - Rent to Buy
 

If you are anywhere near El Rosario on the road from Marvella to Fuengirola there is a car hire company called Yellow Cars and they have been going for years. I have bought two ex hire cars from them and although they are expensive compared with UK prices they are regularly maintained and excelllent value. Its much easier to buy than hire...

Re: Car - Rent to Buy
 

If you are anywhere near El Rosario on the road from Marbella to Fuengirola there is a car hire company called Yellow Cars and they have been going for years. I have bought two ex hire cars from them and although they are expensive compared with UK prices they are regularly maintained and excelllent value. Its much easier to buy than hire...

Re: Car - Rent to Buy
 

What you are looking for is a Personal Contract Purchase or PCP. It is like contract hire for businesses but you have an option at the end to purchase. Back in the UK I used to sell this type of contract and in fact purchased two vehicles this way a Mini and a VW. The Mini I returned at the end of the contract period as we were moving to Spain but the VW we paid the end price and kept it and after 12 years is still going strong (crossed fingers). It does mean you get all the benefits of a new vehicle, i.e. manufacturers warranty which nowadays lasts for up to five years or so plus some companies include free servicing and breakdown. I know my Mini had this, so saving money. Bearing in mind that an old car breaks down more and is less fuel efficient. For me it is definitely the way to go, however, the down side is the Spanish drivers who usually leave a car with many scrapes.

Re: Car - Rent to Buy
 

Thank you both for your input, much appreciated. I would think PCP wouldn't be accepted as I work in Gib. I agree with the benefits of a new car, and if I had the patience, rather have saved up to buy one as when it comes to value for money (in a twisted sort of a way).

I know First Car Group had a scheme where you could put a down payment, and pay off the car within a set time period. Unlike a finance package, they would own the car until all had been paid off. And of course, no issues with working in Gib. However they stopped this a year ago, however I was hoping other companies were doing something similar.

If not, it will have to be a case of accepting a cheap run around for now, wait and save:)

Thanks again for all your advice, much appreciated :)

Re: Car - Rent to Buy
 

Any vehicle which you buy on finance is owned by the finance company until you pay off a certain amount. Just like your house is until you pay off your mortgage. I don´t get the bit about working in Gib?

Re: Car - Rent to Buy
 

Sorry, I just realised what I wrote! A blonde moment :)

Anyway, with working in Gib, it seems to be an issue with my contract is in English, as I suppose they do credit checks and need documents to support that you can afford this? With rent to buy, as you pay a large down payment, this is normally not an issue.

Thank you again for all your help.

Re: Car - Rent to Buy
 

PCP is normally three payments up front. However with any type of finance contract you would have to be credit checked. Always a problem living in one country and working in another. Try popping in to one of the motor dealers in Gib and speaking to them.

Re: Car - Rent to Buy
 

Tell me about it :) Without a Gib ID and address = no chance of a Gib registered car :(

Re: Car - Rent to Buy
 

If you look on the car hire web sites, most have a car for sale part, but If I recall correctly, ex hire cars have to be ITV'D more often than a normal bought car.
If you have the cash, there are a few ex pats selling on varies forums, you could bag a bargain !

Re: Car - Rent to Buy
 

This is not the case. Cars in Spain require ITV from 4 years of age. Every 2 years up to 10 years old then every year. Ex-hire cars are no different.

Re: Car - Rent to Buy
 

I was going to buy a ex hire car some years ago, it was different then, but it must of changed, hire cars had to have a ITV every twelve months from new at that time, but I haven't kept up with the legislation.:o

Re: Car - Rent to Buy
 

Oh yes they are.