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 Flexi own car subscription plan combines the ease and flexibility of renting with the benefits of buying a new car. The Flexi own is also considered halal car finance but, 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?

As the name suggests, you rent a car or pay a subscription to drive it, and it becomes yours at the end of your agreement.

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

Can I rent to buy a car with bad credit?

Yes. Compared to traditional car finance, where you first apply for a loan that you repay later, with our Flexi own plan buy you pay one week in advance. Hence, there’s no need for credit and you can own a car even if you have bad credit. We consider all applications.

How does Splend’s Flexi own plan work with bad credit?

The Flexi own plan 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 Flexi own contract will also not affect your credit rating in any way.

How is Splend’s Flexi own plan 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 Flexi own plan to a car lease:

  • Your Flexi own contract includes maintenance and roadside assistance
  • Your Flexi own 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

Do I need a downpayment for a rent to buy plan?

Yes. The amount will vary depending on your rent to buy or car subscription provider.

With Splend there is a one-off ÂŁ199 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 Flexi own plan is tailored for Uber drivers and other on-demand drivers who need new-model cars to provide quality service and a flexible payment plan that fits their dynamic lifestyle.

Our Flexi own 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. With Splend Flexi own plan, you pay the downpayment and one week’s subscription payment in advance.

Car finance Splend Flexi own
Large deposit + credit check yes no
Flexible contract no yes
Replacement car after accident no yes
MoT inspection & maintenance included no yes
Car paperwork included (PHV licence, rideshare insurance, etc.) no yes
Member benefits no yes
Business mentoring no yes
Early buyout yes yes
24/7 roadside assistance yes yes

Is a rent to buy plan 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 Flexi own 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 Flexi plan.


Rent to buy Splend MG ZS EV

3. How to get a rent to buy car

How can I get started with a rent to buy plan?

After you’ve paid the joining fee, you will also need to pay a collection day 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 the Flexi own plan 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 the Splend Flexi own 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 Flexi own, 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 £249 per week car up on a Wednesday, it will cost you £625.85 to get started. Remember, that includes the next week’s rental payment in advance and the £199 joining fee.

Additional charges may include your excess mileage fees or any late fees in case you miss a payment. For Splend Flexi own these fees amount to £1 for every 10 miles above your 700-mile weekly allowance – rounded to the nearest 10 – and go towards early repayment. Thus, 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’re 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.

Make an appointment and drop by our Member Support Centre at 393 Edgware Road Cricklewood, London, email us, or say hello on 0333 016 4331