Planet42s approval algorithms provide a fair, quick, and simple picture of the financial situations of people that have been unfairly passed over by banks. Planet42, a South African founded car subscriptions start-up, has tripled its vehicle acquisitions over the last 12 months. . We buy the car and provide it in the form of a car subscription, as well as providing customers with a clear path to ownership. So what could owning a car give you? Planet42 is a Financial Services company and has headquarters in South Africa. Overview Top Contacts Similar Company Technology Stack FAQs Planet42 overview Planet42 top contacts Planet42 technology stack Planet42 key technologies used on the website. After 5 years the buy-out price is R5000. Planet42 key technologies used on the website. Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. The secured funds [comprising $6 million equity and $24 million in debt financing] will be used to expand Planet42's car inventory in both South Africa and Mexico, putting the company on track to achieve its ambitious global goal of providing 1 million cars to people facing transport inequality by 2025. Breast Ultrasound Screening Coming Direct to You! Understanding the differences between traditional car finance, renting, and subscribing to a car will help you decide which method is best for your needs. Planet42 Reviews | Contact Planet42 - Car Rental - 5.7 TrustIndex Founded by Marten Orgna and Eerik Oja, Planet42 targets individuals in emerging markets but has a presence only in Africa. Planet42 stood by me throughout this very difficult period I am truly appreciative of their efforts and their humane approach. You can buy the car from us outright at any point the buy-out price decreases every month. Check the section to learn more about which tools and technologies are used by Planet42 and how much is Planet42 oriented towards technology. From Rotary Club of Thousand Oaks: "This year the event is May 7th, 2023 from 12-5pm with the VIP Hour from 11am to 12pm. We have signed up over 800 car dealers across the country, find out the closest to you. This includes contact and bank details, vehicle specifics and supporting documentation (copy of ID and driver's licence, 3 latest payslips and 3 months' bank statement) . Meet one of SA's biggest single customers for used cars Up to 5 Planet42 - paganresearch.io Planet42 is a vehicle rental company offering rent-to-buy services for its clients. Thank you for submitting your application!Your unique data is being processed, please wait. Edit Lists Featuring This Company Section, Planet42 Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Estonian FinTech startup Planet42 secures $100M to scale affordable transportation, Financial Services Companies With More Than 50 Employees (Top 10K), FinTech Seed Stage Companies With More Than 10 Employees, South Africa Financial Services Companies. CBI websites generally use certain cookies to enable better interactions with our sites and services. Planet42 specialises in financial services. I am really impressed! Planet42: Contact Details and Business Profile Company Information Email Format Management Planet42 Information Provider of rent-to-buy automotive services intended to provide long-term vehicles at rent without paying the full financing cost. Planet42 was founded in Estonia in 2017 by Eerik Oja and Marten Orgna. Anything longer than that and a car subscription is likely to be the better choice. on Hellopeter.com Planet42 is in financial services sector. Planet42 rent-to-buy car subscription Struggling to get a car? If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Planet42 specialises in financial services. You have the option to buy out the car at any time for the buy-out price, which decreases every month. 's Products & Differentiators. The applicant authorizes Planet42 to share payment behaviour with any credit agency. Unfortunately, your application was declined. The algorithms aim to determine a suitable budget for each customer and, based on this, subscribers to Planet42 can choose any new or pre-owned car from Planet42's network of more than 700 car . Planet42 Managing Director Grant Wing (Image source: Planet42) According to Mordor Intelligence's Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) report, the global car rental market was worth $119.28 billion in 2021 and is expected to reach $223.07 billion by 2027 with a cumulative annual growth rate . Vai.Car offers a digital car rental application service. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. Car subscriptions first began as an extension of luxury dealerships trying to hold on to customers, and from there branched out to an app-based model that was supported by a group of new tech startups. Investors of Planet42 include Rivonia Road Capital, Naspers, ARS Holdings, Martin Villig, Change Ventures and 8 more. Lorem ipsum dolor sit amet consectetur adipisicing elit. It was founded in 2016 and is based in Sao Paolo, Brazil. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. We've delivered more than 15,000 cars to customers in South Africa who would not have a car without us. Planet42 secures $30 million, to expand car inventory in South Africa May 7 | Chili Cook-Off, Car Show & Craft Brew Festival 2023: Thousand QnA with Planet 42 | Dealerfloor First name Last name ID number Phone number Phone number e.g. Planet42, formerly known as CarGet,is a car subscription company that buys used cars from dealerships and rents to customers via a subscription model. "This year the event is May 7th, 2023 from 12-5pm with the VIP Hour from 11am to 12pm. Meanwhile you can start looking for your new car. South Africa is playing catch-up, and there is still a lot of confusion about what exactly a car subscription entails. Planet42 has 12 employees. Become our dealer and join us on our mission. The deposit for a car subscription is usually much more affordable. In addition, bank finance comes with many hidden fees that make the contract more expensive than the headline interest rate implies. The company was founded in 2017 and is based in Johannesburg, South Africa. Planet42 Financial Services Access to mobility for the underbanked Follow See all 116 employees About us Planet42 is democratising access to mobility Website http://www.planet42.com. We buy cars from South African dealerships, for South African people. You have the option to buy out the car at any time for the buy-out price, which decreases every month. Providing you with the latest motoring news, new car releases and the simplest way to buy and sell cars. Find out more about how we use your personal data in our privacy policy and cookie policy. May 26, 2021. Rivonia Road Capital Provides $75M to Naspers-Backed Global Car Subscription Fintech Planet42, Planet42Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Planet42 Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Rent-to-Buy Firm Planet42 Gets $100M to Grow in South Africa, Open Shop in Mexico, South African Vehicle Rental Startup Planet42 Raises $100M For Its Car Renting Business. Bank finance agreements have much less flexibility, locking in the customer for as long as 72 months and typically also have a high balloon payment at the end of the contract term, which most customers cannot afford. Planet42 headquarters is in South Africa. Rent-To-Buy - Kent Motors Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Planet 42 is now one of the single biggest clients for used car dealers in South Africa, having bought well over 2,000 cars from over 300 dealers as reported here. Planet42 - New rent-to-buy car subscription service - Cars.co.za It [] Dec 21, 2021 techcrunch.com You drive the car and make monthly payments to Planet42, but OPS Cars facilitates the whole process for you. Thank you Planet 42 I really appreciate everything you have done I am happy to recommend you to anyone who has a problem getting bank finance and really needs a car. PARTNERED CONTENT. So I have a client we insure. The applicant gives consent to Planet42 to use his/her personal information for the marketing and promotion of Planet42 or third party goods and services. Planet42 rent-to-buy car subscription Planet42 hasbought more than 12,000 cars for its customers in South Africa and Mexico. With the onset of the Covid-19 pandemic, consumer habits have gravitated towards flexibility and convenience, which is why the subscription model has become widely adopted by car manufacturers and tech startups. All you have to do is choose the one you like. However, for most of us, buying a car outright with cash is out of the question, and that is where banks are supposed to help people with financing. Even though the founders are originally from Estonia, Planet42 is very much a South African business. Why South Africa-based car subscription company Planet42 is going Buy. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. We buy the car and provide it in the form of a car subscription, as well as providing customers with a clear path to ownership. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. . Search over 700 site you are consenting to these choices. Planet42 - Products, Competitors, Financials, Employees, Headquarters