If you want to become an Uber driver, but don’t have a car, there is a large array of finance options out there. However, if you’re a Muslim who wants to give ridesharing a go, but doesn’t know exactly how rent to buy works, it’s not always easy to find Islamic car finance among these options.
If you’re looking for halal car finance to kickstart your career as a rideshare driver, our Flexi own subscription might be what you’re looking for, as it ensures that you can spread the cost of the car without breaking the Sharia rules.
Here’s why our Flexi own is considered halal car finance:
You basically pay equal amounts each week, which represent payment in advance for the next week. There are no other costs involved.
Apart from the car itself, the fixed weekly fee includes a variety of services, with no other main costs:
The contract you sign when you sign up to our Flexi own subscription contains a clear stipulation about the 4-year finite term by which you have to pay until you become the owner of the car. The total cost of the car you choose is divided into fixed, weekly payments over a span of 4 years, with no interest or other costs.
In a leasing plan, you borrow money in order to buy the car and become the owner, which is definitely not halal car finance. In this case, there is no loan. Until all payments have been made by the end of the 4-year term, Splend remains the owner of the car. In the meantime, you can’t sell or modify the car, because you don’t own it, you’re just paying for the right to use it.
Many of our members are hard-working Muslims, who have been looking to earn a flexible income by becoming rideshare drivers. Our growing community is proof of the respect that both Splend and its members have for Islam, and should give you the confidence to be a part of it and start boosting your income.
We’re PCO car subscription specialists enabling on-demand drivers to make money by driving. Our vision is a future where every on-demand driver can be successful.
We can set you up with a brand-new or new-model car, and provide the training and support you need to become a more profitable, safer, and fulfilled driver. Don’t take our word for it — Uber drivers rate us excellent on Trustpilot.