Rent to buy 101—Three steps to flexible car ownership

rent to buy PCO car on street
1000 500 Balazs Szekely

Is it better to rent or buy a car for PCO driving? Each option has its pros and cons, but since they’re so different, there is going to be a compromise either way.

But what if there was a middle way that provided the flexibility of renting and the ability to own the car at the end of the agreement?

Our Rent to buy plan is a solution that combines the ease and flexibility of renting with the benefits of buying a new car. If you’re not fully committed to either one, this might be a solution to consider.

1. How does Rent to buy work for cars?

What does it mean to Rent to buy a car?

It’s exactly what the name suggests. You rent a car, and it becomes yours at the end of your agreement.

Instead of saying goodbye to your weekly rental payments, you’re investing your money long-term.

Can I rent to buy a car with no credit check?

Yes. As opposed to traditional car finance, where you first apply for a loan that you repay later, with Rent to buy you pay one week in advance. Hence, there’s no need for credit.

How does Rent to buy work with bad credit?

Rent to buy is very similar to a standard rental agreement. Since you always pay the next week’s rent, you can apply even with a bad credit score. Your Rent to buy contract will also not affect your credit rating in any way.

How is Rent to buy different to a car lease?

A Rent to buy plan’s most prominent difference compared to a car lease is that you don’t need to apply for credit. But it doesn’t end there.

Here’s a list of the most important differences when comparing Splend’s Rent to buy plan to a car lease:

  • Your Splend Rent to buy contract includes maintenance and roadside assistance
  • Your Splend Rent to buy car’s paperwork is always ready for PCO driving (PHV licence, special insurance, etc.)
  • At Splend, you get dedicated driver support via your own Member Success Representative
  • With Splend Rent to buy you can take annual payment holidays of up to four weeks after your first year.

Do I need a downpayment for Rent to buy?

Yes. The amount will vary depending on your Rent to buy provider.

With Splend there is a one-off £179 joining fee to cover the costs of ordering and shipping your car, as well as the necessary paperwork so your car is ready for work from day one. The joining fee also gives you lifetime access to all Splend member benefits such as dedicated support, exclusive partner discounts, and more.

Can I drive Uber with a Rent to buy car?

Yes, you can drive with Uber if it’s stipulated in your Rent to buy agreement.

Splend’s Rent to buy plan is tailored for Uber drivers and other on-demand drivers who need new-model cars to provide a quality service, and a flexible payment plan that fits their dynamic lifestyle.

Our Rent to buy cars meet all safety, accessibility, and emissions standards for on-demand driving in London, and they come with all the paperwork prepared, such as registration, insurance, and even the required PHV licence.

2. Why Rent to buy?

What are the pros and cons of a Rent to buy plan?

The biggest pro of a Rent to buy plan is the flexibility it provides when compared to a car lease or car finance.

The biggest con of a Rent to buy plan can be the slightly higher upfront cost when compared to car finance, since with Rent to buy you pay the downpayment and one week in advance.

Is Rent to buy worth it?

This depends on many factors, but if you are looking for a flexible way to own a brand-new or used car, then the answer is yes.

At Splend, we recommend our Rent to buy plan for you if:

  • You want to own a new-model car with less commitment
  • You’re a PCO driver and plan to drive for rideshare apps for at least three years
  • You don’t mind a slightly higher upfront cost in exchange for more flexibility down the road
  • You want an all-inclusive service tailored for ridesharing

If you’re after ultimate flexibility and you don’t want to own the car you use for PCO driving, you might want to check out our Rent plan.

Rent to buy car on street in London

3. How to get a Rent to buy car

How can I get started with Rent to buy?

After you’ve paid the joining fee, you will also need to pay a partial fee for the remainder of the week you decide to pick up the car on, as well as the full amount for the next week. This is because Rent to buy is not a credit-based payment plan, so you always pay for the upcoming period instead of repaying a debt.

Do I need insurance for my Rent to buy car?

Same as any car on the road, Rent to buy cars also need insurance.

With a Splend Rent to buy plan, you don’t need to worry about it, because our agreement includes motor insurance cover for most day-to-day driving as well as business use. Most importantly, the package allows for PCO applications such as Uber.

Can I rent to buy a car with a debit or credit card?

Yes. Depending on your provider, you can use a debit or credit card, issued by any bank.

With Splend, we charge your nominated debit or credit card with your weekly rental fee plus any additional charges every Wednesday. You only need to make sure you have enough money in your account when your payment is due.

How much does a Rent to buy car cost?

This amount will depend on the weekly cost associated with your Rent to buy plan.

At Splend, if you picked a £220 per week car up on a Wednesday, it will cost you £514.70 to get started. Remember, that includes the next week’s rental payment in advance and the £179 joining fee.
Additional charges may include your excess mileage fees or any late fees in case you miss a payment. For Splend Rent to buy these amount to 10p for every mile above your 700-mile weekly allowance, and go towards early repayment—the more you drive, the sooner you own the car.

About Splend

We enable people to make money by driving. Our vision is a future where every on-demand driver can be successful.

We are Rent to buy specialists. Don’t take our word for it—drivers rate us excellent on Trustpilot. We can set you up with a brand-new or new-model car on a Rent to buy plan, plus we provide the training and support you need to become an Uber driver that’s more profitable, safer, and fulfilled.

Drop by our Member Support Centre at 393 Edgware Road Cricklewood, London, email us, or say hello on 0333 016 4331


Balazs Szekely

Maker by nature, writer by profession, and a petrolhead at heart, Balazs is our very own content creator who brings Splend’s voice to life. He’s been a wordsmith his entire career, having seen it all from the print media to radio through online publishing and marketing copywriting. He’s fascinated by things he has yet to fully understand such as photography, ice hockey, and the bizarre art of aquascaping. In his free time you may find him mixing up cocktails for his friends or away from home on a city break. Drop him a line at

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