Do you want to drive for a ride-hailing company in London but don’t have the money to buy a PCO car outright? Don’t worry; there’s another way to own a car. It’s called rent to buy PCO car hire option.
Unlike traditional car buying options where you have to make hefty deposits or obtain massive loans, a rent-to-buy scheme gives you a fully licenced PCO car of your choice in instalments.
This model is perfect for those who can’t buy a car outright but want to start earning as a PCO driver immediately. Here are some top benefits of this approach for PCO drivers.
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No Large Upfront Costs
So, you have the ambition and dedication to earn on your own terms but don’t have the car? Getting a reliable PCO car requires thousands of pounds upfront, which let’s be honest, is not possible to arrange for many PCO drivers.
With a rent to buy PCO car hire London scheme, you don’t need to save for years, take a loan, or break the bank. All you have to do is make an affordable initial payment to start driving and earning.
Another great thing about rent-to-buy schemes is that they don’t involve any interest rates, credit checks, or piles of paperwork. They are designed with drivers in mind and offer you a simple contract with no hidden fees so you can hit the road immediately.
Path to Ownership
A major problem with traditional car rental options is that with them, you are stuck in an endless loop of payments. You pay for years and years and at the end of it all, you have nothing to show for it. It’s like you are pouring water into a bucket with a hole at its bottom. No matter how much water you pour into it, it never fills up.
On the other hand, rent to buy schemes give you complete ownership of the car once you have made all the payments. Not only this, once you own the car, you don’t have to follow the restrictions anymore. No mileage cap, no return deadlines, nothing. Just you, the car, and the freedom to drive it the way you want.
Flexible Payment Plans
Another top benefit of rent-to-buy schemes is that they offer flexibility. By flexibility, we don’t just mean paying in instalments until the end of the contract. We mean flexibility that adjusts according to your income and goals.
Imagine getting into an agreement that gives you the option to choose between lower weekly payments stretched over a long period and higher payments so you can quickly own the car. That’s what you get with rent-to-buy schemes, meaning that you don’t have to feel trapped by the rigid car financing agreements that don’t care if you had a slow month. With rent-to-buy schemes, you can even make extra payments if you have a great month to own the car faster.
PCO Ready Vehicles
As a PCO driver, you can’t just drive any car to transport passengers. Your car needs to meet TFL requirements and meeting these requirements is not easy. To make sure your car meets TFL requirements, you need to go through a ton of paperwork and appointments.
The good news? The rent to buy PCO car hire London schemes eliminate this hassle altogether. The cars you get through these schemes are licenced, insured, and emission-compliant, giving you one less thing to worry about. All you have to do with these schemes is to sign the contract, grab the keys, and you are ready to earn.
Maintenance and Servicing Included
Repairs can be expensive. Sometimes, even a small issue can cost hundreds, if not thousands of pounds. All that money goes out of your own pocket, eating your profits. Not only this, your car is off the road when you are trying to get it fixed. This means lost income because the more time your car spends off the road, the more passengers you miss out on and hence, your income shrinks.
With rent-to-buy schemes, you get maintenance and servicing included in one package. No more worrying about whether you have the money for repairs. Everything is included in the package so you can focus on driving and delivering good service.
Ideal for New Drivers
The rent-to-buy schemes are also ideal for new drivers. This is because the majority of new drivers lack the funds to buy cars outright. Their main goal is to get on the roads and start making money as quickly as possible.
Moreover, new drivers often have to figure out everything on their own. With a rent-to-buy scheme, they don’t have to because the car providers don’t offer you the car and wave goodbye. They offer advice related to complex matters and even roadside assistance in case your car breaks down in the middle of nowhere. This is something you don’t get with traditional car financing schemes.
Final Words
So, these were some top benefits of rent-to-buy schemes for PCO drivers. These schemes require no large upfront costs, offer a path to ownership with flexible payment plans, provide PCO-ready vehicles, and have maintenance and servicing included, and are ideal for new drivers. If you have been searching for an affordable way to own a PCO car, your search ends here.
