How PCO Car Hire Can Help with Your Income?
Keeping costs low while improving income is one of the biggest challenges for PCO drivers. One of the best ways to deal with this challenge is to drive a fuel efficient, reliable car. However, buying such cars is not always possible for PCO drivers due to high costs.
That’s where PCO car hire comes in!
This option allows you to get a TfL-compliant car at significantly low costs and flexible terms. Here’s how PCO car hire helps you save more money and ultimately improve your profits.
No Huge Upfront Costs
Owning a car is not a necessity to start earning in the PCO world. Even a rental car that is PHV licensed can help you carry passengers and earn money. In fact, the worst thing you can do is tie yourself down with a rigid car-finance agreement that requires you to pay thousands of pounds upfront before you even pick your first passenger.
This is not the case with PCO car hire. It doesn’t require you to have thousands of pounds in the bank or save for months to be able to drive a car. You just need to make a manageable deposit, which is often refundable if you return the car in good condition.
You Can Drive Fuel-Efficient, Hybrid, and Electric Cars
Fuel is one of the biggest ongoing expenses for PCO drivers. The rising prices have made keeping fuel costs under control even more difficult.
With PCO hire, you can drive fuel-efficient, hybrid, and electric cars. Hybrid cars are ideal for drivers focused on short trips in stop-and-go traffic since these cars run on electric power to save fuel at low speed.
If you drive an EV, that’s even better because while filling a car tank of 50-60 litres would cost around £80-£90, charging an EV is significantly cheaper, particularly when you charge at home as it costs only around £15. Plus, EVs are exempt from ULEZ and congestion charges. Adding all these costs can lead to hundreds of pounds in savings per month.
Maintenance Included
Time is money in the PCO world. If your car is spending time in the garage rather than on the road, you are losing money. That’s why all the reliable PCO hire companies include maintenance in the package.
From brakes to tyres, oil changes, and MOTs, everything is taken care of by the car provider for a fee that is already included in your weekly fee.
This not only saves you the hassle of booking garage appointments and constantly monitoring your car parts, but also keeps your workflow uninterrupted.
How?
Because a car that is not regularly maintained can break down at any time during a shift, causing frustration to both drivers and passengers.
When passengers are frustrated, they tend to leave negative feedback, which can directly affect your ability to earn.
Insurance Included
Private hire cars spend more time on the road carrying passengers, which translates to a higher risk of accidents or conflicts. The higher risk means higher insurance costs and more complex terms as well.
Plus, private hire insurance comes in different types, which makes finding the right policy all the more difficult for PCO drivers.
Another great advantage of PCO hire is that PCO car insurance cost is part of the package as well. As a result, if you are involved in an accident and damage your car or injure someone, you will have complete legal and financial protection.
When signing the contract, make sure you are getting comprehensive insurance because this is the only type of insurance that gives you full protection.
Flexibility to Match Your Schedule
Most PCO car hire companies offer weekly and monthly packages. This gives you the freedom to choose what suits you best.
Let’s break it down.
Weekly hire is ideal for drivers who are just testing the waters or driving part-time. This option involves no long-term commitment and allows you to pay only for the time you drive the car. You can take a break when life gets busy, return the car, and come back when you are ready.
On the other hand, monthly hire is ideal for full time drivers as it costs less per day on average. For instance, the average cost of weekly hire is £1,000 per month, while that of monthly hire is about £850. This can add up to serious savings over long term.
No Depreciation Worries
Owning a car eliminates weekly/monthly fees, but you also have to remember that PCO cars lose value fast due to high usage. A car that you bought for £30,000 could cost around £15,000 or £20,000 a few years later, which is a significant drop.
With PCO car hire, there are no depreciation worries. You can drive the car as much as you want without worrying about the resale value. The best part is that when a new model comes or there’s a change in TfL policy, you can switch cars at short notice.
This helps you stay profitable without constantly worrying about the resale value of your car.
24/7 Support
Breakdowns, blown tyres, dead batteries, and failed lights are part of the journey. Dealing with these problems on your own can be a nightmare, particularly during a shift.
Most PCO car hire companies offer 24/7 support so you’re never left alone when a problem strikes. You just have to inform your car provider and help will be on the way. You may also get a replacement car to minimise downtime if the repairs are expected to take longer without paying extra costs.
This kind of support gives you peace of mind, knowing that you won’t be left alone when you need help.
Conclusion
These are some ways in which PCO car hire helps you keep more of your profits in your pocket. The bottom line is that PCO hire is not just an option to get a car, it’s a system designed to protect your earnings while giving you maximum flexibility. Whether you are a new driver or an experienced one looking for a hassle-free way to operate in the private hire industry, PCO car hire can offer what you need.
