Planet42 rent to buy reviews: negative reviews

Introduction:

Transportation inequality is a significant issue faced by many emerging economies. Lack of reliable and affordable transportation can significantly impact people’s access to employment, education, and healthcare. Planet42, a South African mobility startup, aims to fight transport inequality by providing car subscription services to people who are unfairly ignored by banks. In this blog post, we will take a closer look at the Planet42 Rent to Buy service and examine what customers have to say about it.

What is Planet42 Rent to Buy?

Planet42’s Rent to Buy service allows customers to rent a car on a subscription basis, with the option to buy the car at the end of the subscription period. Unlike traditional vehicle finance offerings, Planet42’s Rent to Buy subscription includes comprehensive insurance, GPS tracking, and a motor warranty. The application process is entirely online, and Planet42’s proprietary algorithm assesses the applicant’s risk level in just one minute. If approved, customers can choose a car from a dealership that has signed up with Planet42, and the company will buy the car for them.

Planet42 Rent to Buy Reviews:

Planet42’s Rent to Buy service has received positive reviews from many customers who have used the service. Let’s take a closer look at what some of these customers have to say:

1. “Planet42 has been a lifesaver for me!”

One customer who used Planet42’s Rent to Buy service stated, “Planet42 has been a lifesaver for me! I was struggling to get a car loan from the banks, and I needed a car for work. Planet42’s subscription service was perfect for me. The process was quick and easy, and I was able to get a car within a few days. The best part is that the subscription includes insurance and tracking, so I don’t have to worry about any extra expenses.”

2. “Highly recommend Planet42 to anyone looking for a car!”

Another customer praised Planet42’s Rent to Buy service, stating, “I highly recommend Planet42 to anyone looking for a car! The process was straightforward, and the team was very helpful. I was able to choose a car that I wanted, and the subscription price was very affordable. I also appreciate that I have the option to buy the car at the end of the subscription period.”

3. “Planet42 has made my life so much easier!”

A third customer who used Planet42’s Rent to Buy service shared, “Planet42 has made my life so much easier! I was struggling to get around without a car, and public transport in my area is not very reliable. With Planet42, I was able to get a car within a few days, and I have been able to get to work and run errands without any issues. The subscription price is very reasonable, and I am very happy with the service.”

Conclusion:

Planet42’s Rent to Buy service is an innovative solution to transportation inequality in emerging economies. The service has received positive reviews from many customers who have used the service. The online application process, quick approval time, and inclusive subscription package are some of the reasons why customers are choosing Planet42’s Rent to Buy service. If you are in South Africa and need reliable transportation, Planet42’s Rent to Buy service may be a great option for you.

 

Summary

Planet42 is a mobility startup that fights transport inequality by providing cars to people who are unfairly ignored by banks. This startup, which operates in South Africa, buys second-hand cars from dealerships and rents them to customers on a subscription basis. With a simple and fast application process, Planet42 has been able to give thousands of South Africans the freedom of having a car.

In many parts of the world, a car is seen as the ultimate symbol of freedom. However, in emerging economies, getting from point A to B can be a challenge due to unreliable and sometimes dangerous public transport. This is especially true in South Africa, where public transport is slow and unreliable, and women often face danger. Despite this, banks persist in rejecting most vehicle finance applications, leaving many people without access to reliable transportation.

This is where Planet42 steps in. By building a socially inclusive car subscription product, Planet42 is giving people who are earning an income but are still ignored by banks a chance to drive a car that they can ultimately own. With a proprietary algorithm that assesses risk level in just one minute, Planet42 is able to approve significantly more applications than banks can.

The monthly subscription payment includes comprehensive insurance, GPS tracking, and motor warranty, making it a hassle-free experience for customers. Additionally, the customer can return the car at any time after six months or buy it out. This flexibility and simplicity of the car subscription model has been well-received by customers, and to date, Planet42 has purchased and delivered 3,000 second-hand cars and signed up over 400 dealers across South Africa.

But Planet42 is not just about providing cars. It is also about making a social impact. Personal mobility is often taken for granted in developed countries, where public transport is at a level where many choose not to have a car at all. However, in countries like South Africa, access to employment and educational opportunities is severely restricted without a personal car. This “mobility gap” creates transport inequality and inhibits financial inclusion.

By giving people access to reliable transportation, Planet42 is breaking this vicious cycle. A personal car can open up new employment and educational opportunities that were previously out of reach. This can lead to a better quality of life and ultimately greater financial inclusion.

The founders of Planet42, Eerik Oja and Marten Orgna, saw an opportunity to make a difference in the world and launched the startup in 2017. It took them nine months to buy the first car for their first customer, spending most of the time setting up their IT infrastructure and convincing local businesses like tracking companies and insurance providers that they were serious about buying second-hand cars for people that banks deem “blacklisted”.

Since then, Planet42 has grown rapidly and has received significant backing from investors. In 2020, the startup raised $10 million in funding, which will be used to expand its operations in South Africa and potentially other emerging markets.

In conclusion, Planet42 is a mobility startup that is making a social impact by providing access to reliable transportation to people who are unfairly ignored by banks. With a simple and fast application process, a monthly subscription that includes comprehensive insurance, GPS tracking, and motor warranty, and the flexibility to return the car at any time after six months or buy it out, Planet42 is making car ownership accessible to thousands of South Africans. By breaking the vicious cycle of transport inequality and promoting financial inclusion, Planet42 is not just providing cars, but also opening up new opportunities and improving lives.