NEW YEAR, NEW RENT 2 BUY | UPDATED PCO CAR OWNERSHIP SCHEMES EXPLAINED

NEW YEAR, NEW RENT 2 BUY | UPDATED PCO CAR OWNERSHIP SCHEMES EXPLAINED

February 14, 2022

Background

Here at Otto Car, our mission is to support PCO drivers to become car owners. We understand that simply offering fully-electric cars isn’t enough, so we are always on the lookout for new ways to help private hire drivers succeed.

Having that in mind, we are updating the names of our PCO Car Ownership Schemes to simplify things and better reflect their true value.

What are the changes?

We’ve changed the names of our PCO Car Ownership Schemes to make them clearer and more straightforward.

Friendly Finance, the basic car package, is now called Rent 2 Buy.

The Rent 2 Buy scheme, the classic and popular all-in-one package that you all know and love, is now called Rent 2 Buy +.

We know it’s a bit confusing, but both schemes will stay the same in terms of features, eligibility, and contract lengths, just with updated names.

What’s Rent 2 Buy to be precise?

Whether it’s Rent 2 Buy or Rent 2 Buy +, they are a long term option for PCO drivers to drive towards PCO car ownership. You will pay weekly rental fees for the duration of their Rent 2 Buy or Rent 2 Buy + contract, and as simple as that, at the end of the term, you’ll fully own the car!

The main difference between the 2 schemes is what they include – one is an all-inclusive solution with our complete support, the other is a simple car package with flexible payment options.

Check out our PCO cars (Rent 2 Buy / Rent 2 Buy +).

What’s included in Rent 2 Buy?

We understand that not all PCO drivers are looking for an all-inclusive car package, and that’s perfectly alright.

Rent 2 Buy offers you an affordable and flexible solution to PCO car ownership, without any of the additional features that you would get on Rent 2 Buy +. We provide the car, and the rest is up to you.

Your PCO car comes with no PCO insurance, servicing, MOT, road tax, PHV licence and breakdown cover.

Key features:

Get a PCO car on your own terms

Enjoy the flexibility of arranging your own servicing, insurance and PHV licensing.

Variable down payments & weekly fees

The more you put into your down payment, the cheaper your weekly fees will be, and the more you’ll save on the total cost of the contract.

No credit check

There’s no credit check, and we won’t tie you into a never-ending contract like traditional finance companies.

4 weeks holiday allowance each year

Drivers are eligible for up to 4 weeks of holiday payment break every year.

Uber Clean Air Plan eligible

Switch to electric for less with the Uber Clean Air Plan and get access to our Otto Charging Network.

Rent 2 Buy contract for PCO drivers

Flexible cancellation

After 3 months you can cancel your contract with 4 weeks notice.

Whilst this won’t be for every PCO driver, we think that many of you will enjoy the flexibility that this offers when purchasing your next PCO car.

What’s included in Rent 2 Buy +?

So let’s take a closer look at Rent 2 Buy +.

Unlike Rent 2 Buy, our Rent 2 Buy + scheme is a 360 solution for a hassle-free, trustworthy and simple PCO driving experience.

Your PCO car comes with free PCO insurance, servicing, MOT, road tax, PHV licence and breakdown cover.

Key features:

Otto Car Serviing

All-inclusive ownership scheme

Insurance, servicing, MOT, road tax and PHV licence are all included in this complete PCO driver package.

Fixed down payments & weekly fees

There’s just one simple standard price for each car.

No credit check

There’s no credit check, and we won’t tie you into a never-ending contract like traditional finance companies.

4 weeks holiday allowance each year

Drivers are eligible for up to 4 weeks of holiday payment break every year.

Uber Clean Air Plan eligible

Switch to electric for less with the Uber Clean Air Plan and get access to our Otto Charging Network.

Rent 2 Buy contract for PCO drivers

Flexible cancellation

After 3 months you can cancel your contract with 4 weeks notice.

If PCO driving is a long term career for you, then Rent 2 Buy + is the perfect match.

What’s next

Ready to get on the road? Simply visit our Rent 2 Buy or Rent 2 Buy + pages, pick your favourite PCO car, check the T&Cs and the eligibility requirements, and make an appointment online!

As a reputable lender, it’s our duty to make sure we’re putting quality drivers on the road. There’ll be a short Driver Assessment to make sure you meet our standards.

Once you have done all of this, the only thing left to do is to choose the most convenient Otto Hub for you, and to come down and meet the team. We’ll then take care of the rest!

⚡️ Don’t forget you will also be given the opportunity to join our Otto Charging Network to get access to London’s largest EV charging network with >4,500 chargers.

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Otto Charging Network | Electric PCO Car

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