Car rental company’s new lease-to-own programme offers an accessible path to car ownership
Thrifty Car Rental UAE has introduced a new Lease-to-Own (LTO) programme, designed to make car access and ownership easier for residents who may be locked out of traditional finance.
With no bank loans, zero down payment, and no processing fees, the programme offers a simpler path to owning a vehicle, all with full transparency and support, according to a press statement.
The LTO offering includes a brand-new vehicle bundled with free registration, insurance, servicing, and maintenance. Customers enjoy fixed monthly payments and can return the car or purchase it at a pre-agreed value at the end of the lease term.
Competitive lease EMIs
There are no interest charges, and customers can choose optional add-ons such as accident management, replacement vehicles, and Super Collision Damage Waiver (SCDW) for added peace of mind. As compared to typical car loan payments in the region, lease EMIs are competitive and offer greater overall value by covering all essential costs upfront.
“Not everyone qualifies for a bank loan or wants to take on debt just to access a car. With this program, we are putting the power of car ownership into the hands of everyday drivers with no financial guesswork or pressure to commit upfront,” explained Khaiser Pasha, General Manager, Thrifty Car Rental, Abu Dhabi.
In contrast to conventional bank financing, which often involves multiple touchpoints and complex processes, Thrifty’s Lease-to-Own service offers a smooth, hassle-free experience with a single point of contact for any issue concerning vehicles. Service, accidents, value-added bonuses, and other issues may all be handled with exceptional convenience and comfort for customers.
Instant approval
With fixed monthly payments, all-inclusive services, instant approval, low financial liability, transfer of warranty upon ownership and straightforward lease-end choices, the Lease-to-Own program is striking a chord with today’s savvy, value-driven drivers, the press statement continued.
Key benefits of the program include potential savings of 5–15% compared to traditional car financing; fixed monthly rate with zero interest or finance charges; free insurance, servicing, registration, and maintenance; optional vehicle replacement and multi-driver access; wide range of vehicles available across categories and the option to own the car or return it at lease-end.
