FEATURED POST
Five reasons why Rent 2 Buy + is the smart way to get a new PCO car
The rising cost of living is making life harder for everyone. In particular, PCO drivers are caught in a trap because car prices are rising fast and many cannot find the finance to buy.
For some drivers, PCO rental is the answer – and Otto Car is the market leader here. The problem is that car rental prices might increase at any moment and so can the everyday costs of motoring. If you want the security of working towards ownership while keeping the flexibility of the Uber car rental world, Otto Car’s Rent 2 Buy ownership packages are a perfect plan.
We invented this idea for private hire drivers and have already helped more than 20,000 drivers get on the road since 2015. If you’re looking to buy a PCO ready vehicle, here’s how it can work for you.
▶️ Prefer PCO Car Hire? Check out our Uber approved cars for rental here
What is Otto Car Rent 2 Buy?
Just like buying a new home, our Rent 2 Buy plans enable you to choose a private hire car that you like and then work towards owning it by paying a fixed weekly payment for the length of a deal.
As with PCO car rental, if your plans change, you can leave with just four week’s notice after the first three months. Stick with it, though, and you’ll own the car when the term ends.
What’s more, Otto Car provides plenty of options to make the agreement a good fit for you.
Our basic Rent 2 Buy plan gives England and Wales drivers freedom to find your own insurance, but most Uber drivers agree our all-inclusive, stress-free Rent 2 Buy + plan is the gold standard.
▶️ Rent 2 Buy + includes PCO insurance, servicing, breakdown cover, MOT, PHV licence and road tax for free. Learn more here
1. Beat inflation by locking-in prices
With UK inflation at its highest rate for 40 years, many prices have already risen by 10% compared to one year ago. Who knows what the cost of cars or servicing will be soon?
Many people already wish they had signed up for a long-term fixed-rate mortgage earlier. If you’re planning to drive in the mid to long term, surely the smart move is to lock-in the price of your PCO car and nearly all of its running costs today into a single weekly fee before things get any worse.
The good news is that you can still secure a deal for your next PCO car at today’s prices. No matter what happens next with inflation or interest rates, your costs are fully protected.
▶️ Did you know you can save even more on Rent 2 Buy + with the Uber Clean Air Plan? Learn more here
2. No credit checks
The headline price of buying an Uber vehicle from a car dealer can look attractive. The challenge is that you must first pass a credit check to secure this finance and if the computer says no, you might be offered a more expensive loan – or none at all.
Otto Car takes a different approach. We look at the person, not the numbers and believe that every PCO driver deserves a chance to improve their life circumstances.
This is why our Rent 2 Buy plans do not involve any credit checks. We invite everyone to apply, regardless of their credit history. If you work hard, there’s a career for you here.
3. Flexible route to ownership
Many drivers think that PCO Car Hire is the only way to remain flexible at work. However, Otto Car understands that circumstances change, and so we make sure that you have plenty of options as you drive your way towards ownership.
Want to take time out to be with your family? This is not a problem. With Rent 2 Buy + drivers can enjoy eight weeks of holiday payment breaks each year (subject to terms).
As we said earlier, if you no longer want to continue the deal, you can cancel the whole contract for a one-off admin fee of £200 after the first three months. Simply hand the keys back and walk away.
4. Part-Exchange available
Is your PCO car coming toward the end of its life? Rather than pay for increasing maintenance costs, maybe it’s time to switch up to something fresh and new. Otto Car’s newly launched Part-Exchange scheme can help fast-track your journey towards PCO car ownership.
Traditional part-exchange schemes allow you to use the value of your existing car to lower the sale price of the new one. But through our new scheme, not only can you receive fast cash that you can spend how you like, but you’ll also get a free £250 downpayment voucher on any Rent 2 Buy + cars.
Bring your car into one of our hubs for an instant valuation, and as simple as that, you can drive home a new PCO car.
▶️ Find out how our Part-Exchange scheme works here
5. Professional PCO support
With Otto Car, you get far more than a vehicle. You belong to London’s largest family of private hire drivers.
With a mission to support PCO drivers like you to be the best you can be, our experienced team is here to help. From a comprehensive range of tips, articles, video reviews, PCN hotspots and PCO car guides to Uber helpdesk support and accident claims assistance, we’ve got you covered. Our helping hands are available whenever you need them across London in Shepherd’s Bush, Hendon, Ilford, Dulwich and Hackney.
Want to get started right now? Check out our Rent 2 Buy + page here to pick your favourite car and book an appointment right away.
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