Earn A Car Inc. through its subsidary provides mid to low range automobiles to individuals with sub prime credit on a rent to own basis. The company s business model is structured to take advantage of the opportunity that exists in the southern African market, where cars for personal and business use are in high demand, but where traditional bank financing is difficult to access. Approximately of credit rated South Africans have impaired credit. All vehicles are fitted with the latest in anti theft technology, as well as disabling devices which allow for its vehicles to be immobilized and retrieved immediately in the event of theft, or non payment by the customer monthly in advance with the result that bad debts are minimal. Loyal customers are rewarded for each completed month with cash back that, typically over years, is sufficient to buy the car from Earn A Car.
Quote | Earn-A-Car (OTCMKTS:EACR)
Last: | $0.033 |
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Change Percent: | -5.71% |
Open: | $0.03 |
Close: | $0.033 |
High: | $0.045 |
Low: | $0.025 |
Volume: | 236,622 |
Last Trade Date Time: | 12/09/2020 04:54:51 pm |
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