Have you ever thought of owning your very own PCO vehicle as a private hire driver?
With Rapid PCO’s Rent to Buy scheme, you no longer have to imagine, you can smoothly plan the route and begin the journey to owning your PCO vehicle.
Before we dive into the detail, here is a summary of what the Rent to Buy cars scheme actually is: You start out by renting the vehicle; you can then buy the car at a later date if you so choose, and each instalment you’ve paid will go towards your final payment.
In this guide, we’ll explore the Rent to Buy scheme and how it can help you to transition from renting to owning your PCO vehicle, providing you with the freedom and flexibility to drive your PCO future forward.
We’ll also provide a brief overview of our range of Rent to Buy cars, so you can get acquainted with our range and decide which vehicle will suit your needs best.
What is the Rent to Buy Scheme?
The Rent to Buy scheme is a convenient and straightforward option for private hire drivers looking to own a PCO vehicle.
You can work towards paying for the PCO vehicle with frequent weekly payments without worrying about spending a large sum right away.
This approach accelerates drivers towards ownership and offers a practical solution for those who want to avoid the immediate financial burden of buying a car outright.
With our Rent to Buy scheme, you can drive towards owning your very own PCO vehicle while also working and earning money with ride-sharing apps such as Uber and Bolt.
What’s included with our Rent to Buy Cars?
Like all Rapid PCO’s private hire vehicles, our Rent to Buy scheme also offers a host of inclusive extras formulated to benefit you.
Option to purchase your Rent to Buy vehicle after 5-year term
- When choosing a vehicle on Rapid PCO’s Rent to Buy scheme, you will have up to 5 years (260 weeks) to pay for the vehicle.
Insurance Included
- Rapid PCO includes comprehensive private hire insurance on all our vehicles, provided through our partner company: Acorn Insurance.
Holidays Payments
4 weeks per year at any time that falls 8 weeks after the Rent to Buy start date.
PCO Licence – First Year Only
Rapid will cover the cost of your PCO license with TFL for the first year. Once that is over, you will be responsible for renewing the licensing with TFL and taking over the yearly payments.
Breakdown Cover
In the unlikely event that you need to use our cover, Rapid PCO provides comprehensive breakdown cover to ensure peace of mind for our Rent to Buy drivers.
Road Tax (First year only)
Along with covering the cost of your PCO license to TFL for the first year, we will also cover the cost your vehicle’s road tax for the first year.
Why choose Rent to Buy?
With Rapid’s Rent to Buy cars, every weekly payment you make is one step towards owning your PCO vehicle.
After deciding on which car you want and agreeing to Rapid PCO’s terms, you can rest assured that your brand-new vehicle will be ready to roll as soon as you collect it.
That’s not all! Other reasons include:
Affordable Entry
There is no large upfront payment required with Rent to Buy, simply pay the deposit of £499 to reserve your PCO car. This can make owning a PCO vehicle a lot more accessible to private hire drivers as you can drive your brand-new vehicle whilst earning money.
Zero Interest
Unlike other financing options, you won’t be paying any interest with Rapid PCO’s Rent to Buy cars scheme. This means you know exactly what you are paying and how much the final amount will be at the end of your term.
Insurance Coverage
All Rapid PCO’s vehicles come with insurance, providing our drivers with peace of mind.
New Vehicles
Every Rent to Buy vehicle in our fleet is completely brand new. Drive your vehicle off the lot with that unmistakable new car smell, a pristine interior and the latest automotive technology.
Increased Earning Potential
In time, you will have paid off your 5-year term, which will eventually eliminate your rental costs, boosting your net earnings overall.
Independence
Owning your own PCO vehicle provides a sense of security and independence that gives you the freedom to work on your time, all the time.
Which Rent to Buy Cars does Rapid PCO Offer?
If you are looking to own your own PCO vehicle you have made the right choice with Rapid PCO.
Our Rent to Buy vehicle fleet offers a diverse selection, encompassing luxury, executive, and comfort features, as well as innovative technology.