
PCO driving is an excellent way of earning extra cash that can be very useful in current times when inflation and the cost of living are constantly rising. People prefer driving PCO because of the flexible work timings and being their own boss. However, many people are confused about whether they should buy a car for their Private Hire driving or if they should rent it and get started.
There are multiple benefits of hiring PCO cars instead of purchasing them. This includes:
People take up PCO driving to earn money. However, buying a new car if you don’t have one is a big investment, and PCO driving won’t offer a good ROI if that’s the case. Renting cars means placing a small deposit and starting PCO driving without paying huge sums of money upfront.
People often take out loans to buy or lease cars, which is a long-term commitment. Renting or hiring a PCO car is a short-term commitment that can be over within weeks or months.
Hiring PCO cars gives you a range of cars you can choose and rent. You can also go for cars that can cost you a fortune if you go out to buy them, like the latest electric cars.
Hiring PCO cars means you can easily swap them for another model because you don’t own the car. You can switch to a newer car model and provide your passengers with a better experience.
While there are a lot of benefits, there are some cons to hiring PCO cars as well.
Paying rent for hiring the car is a recurring expense, and you’ll have to pay it on a weekly or monthly basis, as per the rental agreement, even if you don’t do well as a PCO driver.
Despite paying rent, you won’t own the car at any point.
We have diverse EV Fleet to offer for PCO drivers in London.