I have a set budget of $25-$30k and most likely interested in Toyota Yaris Cross Hybrid.
I want to know if rent to own is a good option or not and how much extra compared to finance a car would it cost a lot more getting it straight from a dealer?
I'm first time buyer have only rented some vehicles in past thanks.
impossible to comment without being given some numbers but the deals are usually set up that you're very rarely better off compared to buying outright if you have the cash or on a decent rate for finance
Gnarly -
but especially not on something like a hybrid car in Australia.
I agree with the rent to own comments but this part seems weird give that Hybrids especially Toyotas are hot items. Are you confusing with Plug in Hybrids or just straight electric cars, that have very poor resale.
Maybe you would like to explain more'
yeah thought that was odd too, perhaps referring to PHEV. hybrids are the "in thing" at the moment. not sure what legislative assurances are referring to, ?FBT exemption
Just go buy a used car for your budget of $25k. You still get a relatively new, quality, reliable car. Probably even in warranty. Getting finance to 'save money on fuel' doesnt add up. Youll save more in finance coats than youll ever save in fuel by getting a more fuel efficient car.
most likely interested in Toyota Yaris Cross Hybrid
Who hurt you?
Just save up and buy a vehicle you can afford without borrowing money
Electric/hybrid/etc. cars constitute a somewhat 'changing/unpredictable market' at the moment … not least because of a severe lack of any sort of legislated assurances here in Australia re … well … anything.
A general rule of thumb is that if you 'rent-to-own' anything you will end up paying way more than you would have if you borrowed the money upfront at a decent interest rate, and bought that thing.
My personal advice would be to never, ever get involved with any 'rent-to-own' contract on anything, in any country; but especially not on something like a hybrid car in Australia.