Car subscription 101 - Three steps to flexible car ownership

Whether you're a veteran in this industry or want to learn how to become an Uber driver, you would have definitely wondered if it's better to get on a car subscription plan or buy a car for PCO driving.

Each option has pros and cons, but what if there was a middle ground option that provided the flexibility of car subscription and the ability to own the car at the end of the agreement?

Our all-inclusive Flexi Own car subscription plan offers a unique alternative that combines the flexibility of a car subscription with the ability to own the car at the end of the agreement. If you’re looking for a way to own a PCO car with no credit checks and all-inclusive support, this could be the ideal solution.

1. How does Flexi Own work?

What does it mean to rent to buy a car?

With a rent-to-buy car subscription, you make weekly payments towards eventual ownership rather than an upfront purchase. Instead of simply paying for car hire, you invest in your future car ownership while enjoying all the benefits of a subscription plan.

Can I get on a car subscription plan with bad credit?

Yes. Compared to traditional car finance, where you first apply for a loan that you repay later, our Flexi Own plan payments differ. Since you pay weekly in advance, your credit score is not a factor, making it an excellent option for those with poor credit or no credit history.

How is Splend's Flexi Own plan different to a car lease?

Flexi Own is not a lease—it offers more flexibility, no credit checks, and full PCO support. Here’s what sets it apart:

• Your Flexi own contract includes maintenance and roadside assistance

• There are no credit checks required

• Your Flexi own car’s paperwork is always ready for PCO driving (PHV licence, special insurance, etc.)

• At Splend, you get dedicated driver support via your own Customer Specialist

Do I need a down payment for a car subscription plan?

Yes. The amount will vary depending on your car subscription provider.

With Splend there is a one-off setup fee to cover the costs of ordering and shipping your car, as well as the necessary paperwork so your car is ready for work from day one. The setup fee also gives you lifetime access to all Splend customer benefits such as dedicated support, exclusive partner discounts, and more.

Can I drive Uber with a subscription car?

Yes, you can drive with Uber if it’s stipulated in your subscription agreement.

Splend’s Flexi Own plan is tailored for Uber drivers and other on-demand drivers who need new-model cars to provide quality service and a flexible payment plan that fits their dynamic lifestyle.

Our Uber-ready PCO cars meet all safety, accessibility, and emissions standards for on-demand driving in London, and they come with all the paperwork prepared, such as registration, insurance, and even the required PHV licence.

2. Why Flexi own?

What are the pros and cons of a car subscription plan?

The biggest pro of a car subscription plan is the flexibility it provides when compared to a car lease or car finance.

The biggest con of a car subscription plan can be the slightly higher upfront cost when compared to car finance.

With Splend's Flexi Own plan, you pay the down payment and one week's subscription payment in advance. Let's dive into some other differences between car subscriptions and finance options.

Is a car subscription plan worth it?

This depends on many factors, but if you are looking for a flexible way to own a brand-new or used car, then the answer is yes.

At Splend, we recommend our Flexi Own plan for you if:

• You want to own a new-model car with less commitment

• You’re a PCO driver and plan to drive for rideshare apps for at least three years

• You don’t mind a slightly higher upfront cost in exchange for more flexibility down the road

• You want an all-inclusive service tailored for ridesharing

If you’re after ultimate flexibility and you don’t want to own the car you use for PCO driving, you might want to check out our Flexi Try plan option.

3. How to get on a car subscription plan

How can I get started with Flexi own?

To get started, you’ll need to:

1. Pay the one-time setup fee

2. Pay for the first week’s subscription in advance

3. Pick up your PCO-ready car and start earning

Unlike car finance, there’s no loan, no debt, and no credit check—just simple weekly payments until you own the car.

Do I need insurance for my subscription car?

Yes, but Splend takes care of it for you. Our Flexi Own plan includes PCO-approved damage and loss cover, so you can start driving for Uber and other platforms immediately.

Can I get a subscription car with a debit or credit card?

Yes. Depending on your provider, you can use a debit or credit card, issued by any bank.

With Splend, we charge your nominated debit or credit card with your weekly subscription fee plus any additional charges every Wednesday. You only need to make sure you have enough money in your account when your payment is due.

How much does car subscription cost?

The cost depends on the car you choose. Here’s a breakdown:

✔ Weekly payments starting from £229
✔ One-time setup fee
✔ Mileage allowance of 1,000 miles per week (with early ownership benefits if you exceed this limit)

If you drive more than 1,000 miles a week, you pay £2 per 10 extra miles, which helps you own your car even faster.

About Splend

At Splend, we believe in drivers. We know their vehicles need to work harder than most; that they drive more miles than most; that their insurance is hefty; their maintenance costs high and that they can face unreasonable finance rates – which is a heavy load to carry on their own.

That’s why at Splend, we exist to support rideshare drivers with a new model, that takes all those car ownership costs, and provides them for less, with lower purchase prices, better rates, lower servicing and insurance costs – all for one weekly repayment, all in one place.