If you are just starting your private hire job or you are considering trying to grow your income, one of the largest decisions you’ll make will be which car solution you choose. Many drivers most often like Rent to Own and PCO Car Hire as both provide flexible services to obtain a completely licensed private hire vehicle without paying full price for it.So, which is better: Rent to Own or PCO Car Hire? It really is dependent upon your driving purposes, finances and plans. There is flexibility versus building ownership over time.We will discuss the pros and cons of both, and you can choose which one is right for you in your career as an Uber ready or Bolt ready driver.
Understanding PCO Car Hire
PCO Car Hire offers licensed private hire drivers an opportunity to hire a fully licensed car for a week or a month. You don’t buy a car, you pay for the time, this is what they offer.
Professionally maintained PCO Licensed Cars are available from companies like Primal Cars and ready to operate on platforms like Uber and Bolt. Various packages also come with a variety of insurance coverages, MOT, servicing, road tax, and breakdown assistance, which makes planning much easier. This is an easy option for new drivers to start their driving career without a huge investment upfront.
Benefits of PCO Car Hire
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- Low initial costs
- Flexible weekly payments
- Insurance included
- MOT and servicing is included.
- Road tax included
- Replacement vehicle support
- Easy upgrade to newer models
- Driving for a short or long time period.Driving for a short duration or long duration.
Drivers typically have less time to worry about maintenance, as this is typically covered.
So, what is rent to own?
Rent to Own is not like other rentals. Rather than paying for a car for a long period of time, your weekly payments chip away at the cost of the car.Upon completion of the agreement and fulfillment of the conditions of the contract, you become the owner of the car. This can be a lucrative choice for those who have been around the block once and are looking to continue working in the private hire business for a few years.
What is the difference between Rent to Own and regular (PCO) car hire?
Both options offer access to licensed private hire cars but they are used for different reasons in the long-term.
PCO Car Hire
- You rent the car.
- No ownership of the end.
- Flexible contracts.
- Easy to change vehicles.
- Lower commitment.
Rent to Own
- Payments are a means of part ownership.
- Longer commitment.
- You are the owner of the car after some time.
- Designed for full-time professional drivers.
- More suitable for longer term planning.
A grasp of these differences should help you select the path that’s right for you in your career.
The name of the game is PPC.It’s all about PCO car hire makes sense
Standard PCO Car Hire is a good option for many drivers, particularly at the start of their driving days.
It’s a good choice when you:
- Has a PHV licence in the last 12 months.
- Desire to try private hire driving.
- Prefer flexible commitments.
- Be prepared for changes to your hours of driving.
- Desire steady monthly expenses.
Drivers can opt for a modern car fleet with providers like Primal Cars, which offers:
- Toyota Prius Fleet
- Kia Niro Fleet
- Hyundai Ioniq Fleet
- Toyota Corolla Hybrid Fleet
- Nissan Leaf Fleet
- MG5 EV Fleet
- Tesla Model 3 Fleet
- Kia e-Niro Fleet
These models provide excellent fuel economy or electric efficiency, and help reduce running costs for drivers.
For some people, it may be better to go with Rent to Own
Rent to Own can be ideal for people who view private hire as a career and not an opportunity to make a quick buck.
It’s great if you:
- Understand that you need to drive full time throughout the week.
- Expect to be working for many years.
- Desire to create ownership.
- Invest in a personal vehicle.
- Is able to handle long-term payments easily.
When you own the car, you won’t have to pay for renting that car every week, however you will have to pay for its maintenance after that.
Comparing Running Costs
Managing costs is one of the most important issues that drivers would need to consider.
PCO Car Hire
There are many costs already included:
- Insurance
- Servicing
- MOT
- Road tax
- Breakdown cover
This means that you have a fixed weekly cost, and you won’t have any unpleasant shocks to your finances.
Rent to Own
While ownership is the end goal, drivers may find they may have to pay more for maintenance after the contract.
This is something to consider in determining the value overall.
Electric and Hybrid Cars Keep on Rising
The UK government, in particular the UK government, is increasingly promoting lower emission vehicles, and the private hire drivers are increasingly opting for electric cars and hybrid vehicles.
Primal Cars has a range of fuel efficient and electric cars, such as:
- Tesla Model 3 Fleet
- MG5 EV Fleet
- Nissan Leaf Fleet
- Kia e-Niro Fleet
- Hyundai Ioniq Fleet
- Toyota Prius Fleet
- Hybrid Toyota Corolla Fleet
They may assist in providing reduced costs of fuel and a more environmentally friendly transport network in urban environments
Flexibility Matters
The career goals are likely to evolve over time.
Or you might want to:
- Drive only weekends.
- Build up to full-time employment.
- Use Uber and Bolt interchangeably.
- Consider upgrading to an executive car.
- Take extended breaks.
It is easier to change or return your vehicle with PCO Car Hire as compared to ending a Rent to Own agreement.
Which One is Better for New Drivers?
If you’re a newcomer to driving for others, your best chance would be to begin your career by joining PCO Car Hire.
Why?
Since you could:
- Learn the industry.
- Build customer ratings.
- Understand your earnings.
- Gain confidence.
- Don’t make big investments.
A year or two later, many drivers have a better idea of whether Rent to Own is the right choice for them in the long run.
Some points to remember when you select
Stop and ask yourself these questions before deciding:
What is the duration of my driving time?
If you want to drive for a short period of time, then hiring might be more flexible.
Do you offer long-term payment options?
Rent to Own is a matter of consistency over the entire length of the contract.
Do I like to know the exact amount of my expenses?
Comprehensive packages for PCO Car Hire are available, and may include the insurance, servicing, MOT and road tax.
Is ownership important to me?
Some drivers prefer to eventually buy the car, some just want to have a car that gets them from point A to point B without the burden.
Selecting a trustworthy provider:
Regardless of which one you pick, finding the right provider is crucial.
A good company will provide:
- Fully licensed PCO fleet
- Well-maintained cars
- Flexible agreements
- Transparent pricing
- No hidden charges
- Insurance included
- MOT included
- Servicing included
- Road tax included
- Breakdown assistance
- Replacement vehicle service
With flexible PCO solutions that cater to contemporary private hire driving, Primal Cars offers drivers in London, Birmingham, Manchester, Leeds, Liverpool, Bristol, Edinburgh, Glasgow, Cardiff, Cambridge and Oxford a range of options that enable them to benefit from running their private hire businesses in a modern and efficient way.
Where Airport Transfer Services Are A Good Fit
A lot of private hire drivers employ their licensed cars to do pre-booked airport transfers in addition to driving for apps.Airport transfers that are reliable could offer constant customers, especially during peak traveling periods. Drivers of executive and premium cars might also get corporate and family clients due to their need for comfort in long journeys.In case clients need luxurious airport transfers, chauffeur services, city transfers, wedding transports, crew transportations, and luggage transport services, specialist companies provide dedicated services through professional chauffeurs and high-end fleets. Such characteristics as fixed prices, no hidden fees, flights tracking, Meet & Greet service, baby seats, environmentally friendly services, online booking services, reliable airport pick-ups, and comfortable long journeys make it the perfect choice for those who would like a pre-arranged chauffeur trip instead of normal private hire bookings.
Conclusion
So, is Rent to Own better than PCO Car Hire?It depends.If freedom of movement, clear expenses, and minimum commitments are important, then PCO Car Hire would be the best way to go.In case of planning to work as a driver on a professional level for years and to own the car at some point in the future, then Rent to Own might bring more benefits.Do some calculations in advance and decide which one would suit you best.
Frequently Asked Questions
Is Rent to Own more affordable than PCO Car Hire?
No, it may not be the case. The payments made weekly might be similar, but Rent to Own gives you ownership after the contract expires. However, PCO Car Hire has other additional expenses that must be considered, including service, insurance, MOT, and road tax.
Is Rent to Own open for new drivers?
Yes, although most new drivers join through the PCO Car Hire scheme first. It gives them a chance to learn about the private hire business without having to commit at once to own it.
What is the range of PCO Car Hire’s vehicle fleet?
Some of the most sought-after models include: Toyota Prius, Kia Niro, Hyundai Ioniq, Toyota Corolla Hybrid, Nissan Leaf, MG5 EV, Tesla Model 3, and Kia e-Niro.
Which type of vehicles can I rent from PCO Car Hire?
One of the most popular ones is the Toyota Prius, followed by Kia Niro, Hyundai Ioniq, Toyota Corolla Hybrid, Nissan Leaf, MG5 EV, Tesla Model 3, and Kia e-Niro.
Which would be a better choice for full-time drivers?
Rent to Own will be ideal for drivers willing to drive for the next few years because they will own the car at some point. Drivers who like flexibility should consider going for PCO Car Hire.
Is it possible to use these cars for Uber and Bolt?
Yes, because fully licensed cars that can be used for Uber and Bolt are provided by reputable companies and have been manufactured specifically for private hire purposes.
