PCO Car Hire London – An Excellent Way to Start Earning Fast

London’s ride-hailing industry is becoming increasingly competitive. Over 100,000 PCO drivers compete for passengers in the city, and their number is growing every day due to the many benefits of being a PCO driver.

For instance, you get flexible working hours, work on your own terms, and earn a lucrative income as well. However, to be able to transport passengers legally, you need a PCO-approved vehicle.

Buying such a vehicle outright is not possible for many PCO drivers due to the high costs. Car financing may seem like another option but it has its own set of challenges such as hefty deposits, strict credit checks, etc.

Amidst all this, the most practical option is PCO car hire. With a good PCO car hire scheme, you can get a top-quality vehicle ready for PCO use on simple terms. Here’s everything you need to know about these schemes.

Must Check: What Were Some of the Best-Selling Cars of the 1960s?

How Do PCO Car Hire Schemes Work?

PCO car hire schemes work in five simple steps. Here’s a look at each step:

Step 1: Choose Your Plan

The first thing you need to do with a PCO car hire scheme is to choose a plan that aligns with your needs. Remember that not all plans are equal so you will need to gather information about different plans available in the market. Typically, the right plan requires you to pay a weekly fee which includes everything from insurance to maintenance and servicing. The goal of including everything in the fee is to ensure that you can focus on driving and earning while your car provider takes care of the rest.

Step 2: Meet the Requirements

To hire a PCO-ready car, you will need to meet certain requirements, including:

• You must have a valid PCO licence.
• You must have a UK driving licence.
• You must provide your national security number.
• You must make a security deposit, which varies by the car provider.
• You must provide proof of right to work in the UK.

Step 3: Pick Up Your Car

Now you are ready to pick up a car that works for you. Before you get the keys and drive off, always remember to inspect the vehicle. Check for any scratches, dents, or hidden damage that can be blamed on you. Also, make sure all the controls, lights, indicators, and everything else is working fine. Inspecting the car at this stage can prevent many troubles down the road.

Step 4: Pay Weekly and Keep Driving

Once you have picked up a car, you will need to make weekly payments to keep it in your possession. This is why you should always prioritise paying the rental fee before anything else. If you fail to pay the weekly rent, you may face penalties and worse, the car will be taken away from you. 

Most PCO car hire companies accept payments through cash, bank transfers, and online portals. Ask your car provider what works for them and never let a payment deadline slip. If you are unable to make a payment in time, inform your car provider in advance. In most cases, they will understand your situation and give you a short extension.

Step 5: Return or Upgrade Anytime

With PCO car hire schemes, you get the freedom to return the car or upgrade at any time. Why is this important?

As a PCO driver, your needs can change over time. Maybe you started with a petrol vehicle but now want to switch to an EV to save fuel costs. What if you want a bigger, more spacious car for Uber XL rides? It’s all possible with PCO car hire schemes. However, you must return the car in the same condition you received it or the repair costs will be on you.

What are the Benefits of PCO Car Hire Schemes?

There are many benefits of PCO car hire schemes, including:

Low Upfront Costs

Unlike traditional car buying or car financing schemes that require hefty deposits or initial payments, PCO car hire schemes involve low upfront costs.

For instance, when you buy a brand new PHEV or EV that meets TFL’s requirements, you must pay thousands of pounds upfront. And let’s be honest, not every PCO driver has this much money.

That’s why most PCO drivers prefer PCO car hire schemes as they allow you to start earning with a small deposit or initial costs. This means you don’t have to save money for months or years to be able to afford a car. Just pay what the car provider requires and you are good to go.

Auto Repairs Included

Things can always go wrong when you are driving a car. Sometimes, it could be a faulty brake while other times, it could be a transmission failure. If everything is fine, you could get into an accident and damage your car.

When such a situation strikes, you will want someone to take care of the matters as soon as possible. This is because the more time you spend in the repair shop or finding a mechanic, the more passengers you will miss.

Another great advantage of PCO car hire schemes is that they include auto repairs and car accident repairs. Whenever something goes wrong, instead of spending your precious time on finding a mechanic, you just have to report the issue to the car provider and they will take care of the rest.

Insurance Included

As a PCO driver, your job is already difficult enough. You have to deal with unpredictable London traffic and difficult passengers on a daily basis. Amidst all this, finding the right kind of insurance would be the last thing on your mind.

When you rent a PCO licensed car, the insurance is normally included in your package. This saves you the hassle of visiting insurance offices, comparing plans, and negotiating rates. Plus, if you get into an accident, you won’t be stuck without an income while your car is in the mechanic’s shop. In most cases, the car providers offer a replacement car so you can keep earning.

Flexibility

One of the biggest advantages of PCO car hire schemes is that they offer flexibility. Think about it, when you get a car through financing, the car providers don’t care whether the work is slow or not. You are tied to the car and have to make fixed payments every month.

On the other hand, PCO car hire schemes put you in complete control. You can get a car for weekly payments and when the circumstances change, you can return the car without feeling stuck in a rigid agreement.

This kind of flexibility also gives you the freedom to drive a premium car and earn more during peak seasons. When the demand is low, you can switch back to a standard car that comes with manageable weekly payments.

Final Thoughts

This was some essential information on PCO car hire London. These schemes work on a simple, 5-step model. You just have to choose a plan, meet the requirements, pick up your car, and make weekly payments to earn as a PCO driver. Plus, PCO car hire schemes have many benefits over traditional ways of owning a car.

For instance, they skip hefty deposits, include auto repairs and insurance, and offer flexibility that traditional car buying methods simply don’t offer. So, if you lack funds but want to start earning instantly as a PCO driver, PCO car hire is the ideal option.