Beyond the Wheel: Splend On-Demand News - May 2022

Welcome to our May 2022 summary of On-Demand News, where we compile the latest updates in ridesharing and PCO driving to keep you informed and ahead of the curve. Here’s a look at what unfolded in May!

Why is Splend better than car finance?

Car finance is often more expensive. It only includes the car and a few other extras, but it doesn’t account for added running costs, like insurance, servicing, maintenance, or PHV licenses, all of which are critical for a rideshare driver. This is where Splend comes in - we take care of everything so you can do what you love most: drive.

What is Uber surge pricing and what does it mean for drivers?

Once you’ve become an Uber driver, part of becoming a successful one is understanding the bigger context of rideshare driving in a bustling city, and maximising your income. Surge pricing is based on the relationship between supply and demand, known in economics as the equilibrium theory.

Simply put – when demand is higher than the supply, the price goes up. When the opposite happens, the price goes down.

Still not ready to drive or own your first EV?

We’re here to help you make an informed decision about the benefits of driving an electric car, and also, bust some myths! Electric cars can look overwhelming at first, especially if you’re driving one for the very first time.

But we’re here to bust the myths you keep hearing around by pointing out the essential details about these cars.