Why Choose Rent to Buy Cars for PCO Driving?
Imagine driving the whole day collecting fares, only to come back home at night to realise that you have nothing to show for it, except for a rented car that will never be yours. Now, imagine that every ride you accept and every fare you collect takes you closer to car ownership. That’s what you get with rent-to-buy PCO car schemes.
Many PCO drivers opt for car rental schemes because they are easy to get started and don’t involve any financial burden. However, with these schemes, you never get to own a car despite paying for years. The majority of your hard-earned money goes into someone else’s pocket, and you have to start from zero once the contract ends. However, with rent-to-buy schemes, every payment you make takes you closer to car ownership.
Let’s discover why they’re a smart choice for PCO drivers who can’t own a car outright.
Ownership at the End of the Term
Ever rented an apartment? Renting a car is the same! You pay your hard-earned money for months and even years, only to return the keys once the contract ends. However, there is no such thing with rent to buy PCO cars. Every payment you make counts. It’s like an investment in your future.
Think about it: instead of paying aimlessly for a car that will never be yours, you have a clear goal. And that goal is owning the car once you have made all the payments. No more restrictions or obligations. Just you and the freedom to drive your car, your way.
No Large Upfront Costs
Want to buy a road-ready PCO car, but it requires a hefty upfront payment that makes you think twice? With rent-to-buy schemes, you don’t have to worry about hefty payments. You can get the keys of the car you want to drive without ever draining your savings.
These schemes are incredibly helpful for PCO drivers who don’t want to save for months or years to be able to afford a car. The money you earn as a PCO driver can be used to pay instalments. Plus, with the large upfront costs eliminated, you can focus on growing your business and delivering an improved service that keeps customers coming back.
Fixed Monthly Payments
One of the biggest problems with traditional car buying schemes is that your monthly costs can fluctuate depending on the interest rate or hidden/unexpected fees. With rent-to-buy PCO car hire schemes, you know exactly what you are paying. There are hardly any surprises or shocks, which means these schemes are mostly transparent. This type of transparency is what you need when you are relying only on your earnings to cover bills, daily expenses, and more.
Due to the fixed weekly or monthly payments, you can also budget effectively. As the amount of instalments never changes, you can manage your finances without stress.
Flexible Terms
The PCO world is already stressful enough. You spend your day chasing fares, managing expenses, and doing everything possible to keep passengers happy. Amidst all this, the last thing you want is a rigid traditional car financing contract that takes your freedom away. What happens in these contracts is that they give you absolutely no room to breathe. You miss a payment and suddenly you will face sky high penalties.
However, with rent-to-buy schemes, this is not the case. The providers of rent-to-buy PCO cars understand that the earnings of PCO drivers can fluctuate and their circumstances can change. Therefore, they offer early exit option and the ability to adjust your payment structure according to your changing circumstances. Let’s say you want to switch careers. With a rent-to-buy contract, you can walk away easily without facing any penalties. This is something you don’t get with traditional car buying options.
Insurance Included
PCO insurance covers vehicles that spend a long time on the road and are more exposed to accidents than normal cars. This type of insurance is expensive and sometimes, even the premium alone can feel like you are paying a second rent. The good news? The rent-to-buy schemes come with insurance included so you don’t have to go through the hassle of finding one. The best part is that most of these plans offer fully comprehensive insurance, so you are covered from all aspects, including accidents, theft, and third-party claims.
Drive New or Well-Maintained Cars
Another great benefit of rent-to-buy PCO cars is that you get to drive a new or well-maintained car at a fraction of the cost. This allows you to earn more as well because passengers feel more comfortable and happier in clean and modern vehicles. And when customers are happy, they leave more tips and glowing reviews.
In addition to improving customer satisfaction, newer cars are more fuel efficient, meaning that you can save a lot in fuel costs as well. What’s more, most rent-to-buy schemes include maintenance in the deal. As a result, you won’t have to pay the repair bills out of your pocket every time something goes wrong. Your car provider will be the one responsible for it.
Overall, the rent-to-buy schemes are more beneficial than traditional car financing options. They offer ownership at the end of the term, involve no large upfront costs, come with fixed monthly payments and flexible terms, include insurance, and let you drive new or well-maintained cars at a fraction of the cost. If you have been weighing your options between buying a car outright and rent-to-buy PCO cars, go with the latter without hesitation.
