If you are a PCO driver looking for a manageable way to own a car, a rent to buy PCO car might just be what you need.
Unlike traditional rentals where you pay money for months or years without having the possibility to own a car, a rent to buy plan gives you ownership of the car at the end of the contract.
The best part is that you don’t need to save for years to be able to get a car. You just need to head to a car provider, show them your PCO licence, agree with the contract terms, pay a manageable deposit and weekly fee, and you are good to go.
Let’s take a look at more benefits of rent to buy option for PCO drivers:
Path to Ownership
The biggest advantage of rent to buy offers is that it gives you car ownership at the end of the contract. Think about it: with traditional rentals, you will be paying £200+ per week for as long as you drive the car. Let’s suppose you drive the car for two years: that’s thousands of pounds gone out of your pocket and you will have nothing to show for it at the end of the contract.
There is no such thing with rent to buy offers. These offers typically span over 3-5 years, and every payment you make during this time gradually leads you towards car ownership, which is the ultimate goal for many PCO drivers.
No Large Upfront Costs
Buying a car outright requires hefty deposits, which is not always possible for PCO drivers. Even if you get a car through financing, you will be locked into a rigid agreement and need to have a strong credit history to be considered eligible.
The rent to buy PCO cars eliminates this hassle as you can get behind the wheel of one with minimal upfront costs. This is extremely helpful for drivers who don’t want to wait for months to save up. Plus, with rent to buy plans, you won’t have to get stuck in complex terms. If you have a PCO licence and can pay the weekly fee, you will be considered eligible for the car.
Predictable, Fixed Payments
When you rent a car, the car provider can change fees or add hidden costs at any time. Fortunately, you don’t have to face this problem with a rent to buy plan.
Imagine you are working hard and building a steady income but suddenly, your car provider decides to increase rental fees. This will put your budget out of balance and you will struggle to cover the new costs.
However, with the fixed payment structure of rent to buy plans, you don’t have to worry about this aspect. Since the fees are predictable, you can budget with confidence and plan for the future with clarity.
Immediate Start with Uber and Bolt
The cars you get through rent to buy offers are road-ready from day one. This means you can start driving immediately for Uber and Bolt or whatever platform you prefer. The speedy process matters because as a PCO driver, every minute you are not spending on the road is money lost.
Think about it: if you had to wait for weeks or months to get a car, how much money would you lose? Probably thousands of pounds. By providing road-ready cars, the rent to buy companies ensure that this doesn’t happen to you.
So, if you want to start working now, not later, then consider getting a car through the option of rent to buy.
No Mileage Limits
As a PCO driver, the more you drive, the more you earn. However, some rental agreements come with mileage limits, allowing you to drive for only a limited number of miles per week. Typically, the limit for rental cars is 800-1200 miles per week. This can affect your ability to maximise your earnings.
With most rent to buy plans, you get the freedom to drive as much as you want, whenever you want, without worrying about mileage restrictions. Whether you want to drive for 40 hours or 60+ hours a week; want to do the long airport runs or take advantage of peak hours, you are in complete control.
Vehicle Upgrades & Future Proofing
With rent to buy, you get access to regularly updated cars that comply with TfL standards. As you know, the PCO regulations are evolving fast. ULEZ is expanding, emission standards are getting stricter, and authorities are pushing for eco-friendly vehicles. Amidst all this, if you drive an outdated petrol or diesel car, most of your profits will go into daily ULEZ and Congestion fees. However, when you choose the option of rent to buy, you get a hybrid, PHEV, or fully electric car. These cars are low-emission and designed to save you money on fuel.
Full Maintenance & Servicing Included
PCO cars run more miles than an average car. That’s why they require maintenance and servicing more often as well. However, most PCO drivers simply want to focus on driving and earning. They don’t want to constantly worry about maintenance and servicing. The best thing about rent to buy cars UK is that they come with servicing and maintenance already included in the package, which gives you one less thing to worry about.
Final Thoughts
With rent to buy PCO cars, you get full control over your earnings and expenses. As there is no one to limit your mileage or change the rules, you know from the start what you are getting yourself into. You have fixed, predictable payments, no one telling you how much you can drive every week, and most importantly, you can take your car out for extra shifts as well. Plus, there’s no fear of sudden price hikes as well. There’s hardly any other approach that offers this much transparency.
