Rent to Buy

The Best and Easiest Way to Become the Owner of a Car of Your Choice

At Lion Car Rentals, we know that life circumstances change, and traditional car ownership isn’t always practical. Therefore, we offer our Rent to Buy program, letting you drive the car you want today and own it tomorrow.

How It Works

Our Rent to Buy program makes getting your dream vehicle simple and convenient. First, choose a car, SUV, or Ute from our wide selection that fits your lifestyle. Then, start driving immediately with a low upfront payment.

Additionally, you can manage your budget easily with flexible period/term of your choice and   payment plans, weekly, fortnightly, or monthly, while working toward full ownership. Finally, once fulfill the term of the contract and terms and conditions you will have the option to own it , making the journey from renting to owning straightforward and stress-free.

How to get Started with Rent to Buy – Step-by-Step Guide

1. Documentation

Submit a copy of your ABN and a proof of current address (such as an electricity bill or bank statement), your driver licence, bank card, and medicare card etc.

2. Initial Bond Payment

An initial bond, equal to three weeks of rental, is required. This acts as a security deposit and will get refunded at the end of the rental term.

3. Advance Rental Payment

You’ll need to pay at least one week of rental in advance which make sure a smooth start to your rental.

4. Agree to Terms & Conditions

Finally, you’ll need to agree to follow the terms and conditions of the rental agreement. This helps both of us maintain a smooth and transparent rental experience throughout the rent to buy process.

1. Documentation

Submit a copy of your ABN, a proof of current address (such as an electricity bill or bank statement), your driver licence, bank card, and medicare card etc.

2. Initial Bond Payment

An initial bond, equal to three weeks of rental, is required. This acts as a security deposit and will get refunded at the end of the rental term.

3. Advance Rental Payment

You’ll need to pay at least one week of rental in advance which make sure a smooth start to your rental.

4. Agree to Terms & Conditions

Finally, you’ll need to agree to follow the terms and conditions of the rental agreement. This helps both of us maintain a smooth and transparent rental experience throughout the rent to buy process.

Benefits of Rent-to-Buy

Flexible Payments – Weekly, fortnightly, or monthly options.

All-Inclusive Care – Registration, insurance, servicing, maintenance when necessary, Roadside assistance through RACV,

Ownership – Option to own the vehicle at the end of the term. However, renter is expected Obtain the RWC, Paying Stamp duty and transfer fees, any excess Registration fees paid already, and all other costs incurred after transferring the vehicle.

No Hidden Interest – Transparent, simple payment structure.

Low Upfront Cost – Start driving with minimal initial payment.

Hassle-Free - You will have a replacement vehicle in the event of an accident or breakdown, and deal with the insurance company in case of an accident

Vehicle Upgrade Options – Switch to another model if needed (T&C Apply).

Rental payments may be tax deductible depending on individual circumstances.

Discover what sets us apart in the car rental industry

Frequently Asked Questions

2 years, 3 years and 4 years

Yes, if you have no outstanding arrears to pay. However, it will be a new contract, and the rental fee may vary depending on the vehicle subsequently rented. Bond of previous contract is not transferable.

  1. Inform us as soon as possible.
  2. Inform police of the area of accident and take other necessary action as required by the government or council regulations.
  3. Pay the insurance excess and we will get your car back on the road.
  4. Obtain a replacement vehicle to use until the damaged vehicle is repaired.
  1. Two services (one service/10,000 km, estimated usage is 20,000km/year) in an year (365 days)
  2. One set of tires (20,000km) in a year (365 days)

Cost of the additional services should be paid by the customer.

If you wish to upgrade the vehicle you can trade and buy another vehicle or enter into a new rental agreement.

This program is completely different from financing or leasing due to following reasons:

  • We completely look after the vehicle (registration, insurance, maintenance, repairing, replacement of tyres and batter, and regular servicing) whereas all those costs should be borne by you.
  • Under financing and leasing the price is determined, add an interest and recover though regular instalments; under this program, there is no interest calculation and total potential cost cannot be accurately estimated at the time of renting.
  • When a vehicle is purchased under a leasing or financing agreement, usually vehicle cannot be returned or changed before completion of the agreed period.
  • Leasing or financing companies do not get involved and deal with insurer in case of an accident.

There is no exit or early termination fee in case if you decide to terminate the contract. But bond may be forfeited.

2 years, 3 years and 4 years

Yes, if you have no outstanding arrears to pay. However, it will be a new contract, and the rental fee may vary depending on the vehicle subsequently rented. Bond of previous contract is not transferable.

  1. Inform us as soon as possible.
  2. Inform police of the area of accident and take other necessary action as required by the government or council regulations.
  3. Pay the insurance excess and we will get your car back on the road.
  4. Obtain a replacement vehicle to use until the damaged vehicle is repaired.
  1. Two services (one service/10,000 km, estimated usage is 20,000km/year) in an year (365 days)
  2. One set of tires (20,000km) in a year (365 days)

Cost of the additional services should be paid by the customer.

If you wish to upgrade the vehicle you can trade and buy another vehicle or enter into a new rental agreement.

This program is completely different from financing or leasing due to following reasons:

  • We completely look after the vehicle (registration, insurance, maintenance, repairing, replacement of tyres and batter, and regular servicing) whereas all those costs should be borne by you.
  • Under financing and leasing the price is determined, add an interest and recover though regular instalments; under this program, there is no interest calculation and total potential cost cannot be accurately estimated at the time of renting.
  • When a vehicle is purchased under a leasing or financing agreement, usually vehicle cannot be returned or changed before completion of the agreed period.
  • Leasing or financing companies do not get involved and deal with insurer in case of an accident.

There is no exit or early termination fee in case if you decide to terminate the contract. But bond may be forfeited.

Frequently Asked Questions

You need to know about service

Yes if you have no outstanding arrears to pay. However, it will be a new contract and the rental fee may vary depending on the vehicle subsequently rented. Bond of previous contract is not transferable.

  1. Inform us as soon as possible.
  2. Inform police of the area of accident and take other necessary action as required by the government or council regulations.
  3. Pay the insurance excess and we will get your car back on the road.
  4. Obtain a replacement vehicle to use until the damaged vehicle is repaired.
  1. Two services (one service/10,000 km, estimated usage is 20,000km/year) in an year (365 days)
  2. One set replacement tires (20,000km) in an year (365 days)

Cost of the additional services should be paid by the customer.

If you wish to upgrade the vehicle you can trade and buy another vehicle or enter into a new rental agreement.

Our Rent-to-Buy program is more flexible and convenient compared to traditional leasing or financing:

  • All-Inclusive Care: We cover registration, insurance, maintenance, repairs, tyres, battery, and regular servicing.

  • No Interest or Fixed Costs: Unlike financing, there’s no interest, and total cost isn’t fixed upfront.

  • Flexible Vehicle Use: You can return or change the vehicle anytime during the rental period.

  • Insurance Support: We handle insurance matters in case of accidents, which leasing or financing companies typically do not.

Having a bad credit history may not be a reason to prevent you for participating in this program.

There is no exit or early termination fee in case if you decide to terminate the contract. But bond may be forfeited.

We are ready to make a reasonable lump sum payment instead of transferring the vehicle if you wish so.

If you are interested to participate in this program and rent a vehicle to own, we can assist you to obtain an ABN number quickly and make you eligible.