What is Splend’s part-exchange and how does it work?
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Part Exchange PCO - Buying an EV has never been more straightforward, thanks to our newest part-exchange program! We’ve created this service to make switching to EVs more accessible and affordable to rideshare drivers.
How does part-exchange work?
To better understand how part-exchange at Splend works, here are the steps you should follow:
1. Contact us for a free valuation
If you have an old PCO car you want to exchange, give us a call at 0333 016 4331, and we’ll do a no-obligation, free valuation of your car. We use up-to-date market data to provide an estimated value based on the details you provide about the car — plate number, mileage, condition, and service history.
2. Come to our Hub for the final valuation
To ensure we are offering the very best price we can for your PCO car, come to our London Hub in Cricklewood for an on-site physical inspection. The final valuation can vary from the estimated valuation per the above factors.
3. Join Splend
Once we agree on the final price, all you need to do is reserve your new EV.
When you’re ready, you can drop off your old car by our Hub, collect your new EV and start enjoying all the benefits available with Splend. Depending on the value of your car, you can enjoy nothing to pay for weeks!
Bonus step
IMPORTANT: If you have Uber Clean Air EV Assistance, you can use it alongside your Part-exchange credit.
How does car payment work?
When you use the part-exchange program on our Flexi Own plans, we provide you with the credit upfront. You will pay the weekly subscription for your EV only after you’ve used up all your credit from the car you’ve exchanged.
TIP: Save more by combining your Uber Clean Air EV assistance with the Part-exchange plan.
Here’s an example if you decided to part exchange a Toyota Prius Hybrid with a final valuation of £8,000 and sign up with Splend on a Toyota bZ4X Motion on our 5-year Flexi own subscription at £249 per week.
Using the £8,000 credit upfront, there would be 32 weeks where your weekly payment would be £0 (normally £249).
If you used your £5,000 Uber Clean Air Plan EV Assistance, you could also apply £75 per week to reduce your weekly payments before applying your £8,000 part exchange credit. This would give you approximately 46 weeks where your weekly payment would be £0.
By the end of the 32 weeks, you would have recovered the value of your previous asset by not paying the full weekly payment.
What if I want to buy an EV outright?
As well as our all-inclusive Flexi Own plans, Splend offers pre-owned EVs for outright sale. You can put your part exchange credit towards reducing the cost of your pre-owned EV.
Here's an example:
Splend has pre-owned MG 4 EVs available from £17,895.
You have £5,000 in Uber Clean Air Plan EV Assistance, which reduces the outright buy price to £12,895.
You then apply your a £8,000 part exchange credit, which further reduces the amount you need to pay outright to £4,895.
What cars are available for part-exchange?
Our fleet consists of brand-new, or quality pre-owned, fully electric cars, specifically chosen to meet rideshare drivers’ primary needs — comfort, space and mileage economy. Our all-inclusive plans cover insurance, servicing, and car paperwork. We have EVs ready to go as soon as you join us.
What are the benefits of part-exchange?
Nothing to pay for weeks – we provide you with upfront credit, so while you’re using your credit, you’ll pay nothing for your car
No set-up fee – use your part-exchange credit to pay the setup fee
Good price for your car – we use real-time data for valuations, meaning you’ll get a good price for your old car
Time saving – no need to list your car online and deal with time wasters
Hassle free – hand over the keys we’ll take care of the admin
Get on the road fast – we have EVs in stock ready to be picked up same-day
Switch to EVs – and start enjoying the increased earnings with Uber Green and all the EV drivers’ benefits
Credit refund – return your car with credit remaining, and you’ll be refunded the balance.
What documents do I need for part-exchange?
For Splend’s part-exchange, you will need the following:
Logbook (V5C)
MOT Certificate (if applicable)
Service history documentation
Spare keys
Locking wheel nut key
Vehicle manual
Note: If your car has outstanding finance, then we cannot currently offer you part-exchange.
Ready to trade your old PCO car for a brand-new EV? Check our available cars for part-exchange Start my car valuation
About Splend
Splend makes car ownership easier, more affordable and more accessible for rideshare drivers by building everything they need to earn more, pay less and stress less into one affordable weekly payment. It’s smooth driving, with no surprises and the lowest total ownership cost you’ll find – which is how car ownership for rideshare drivers should be.
We are car subscription specialists. Don’t take our word for it—drivers rate us excellent on Trustpilot. We can set you up with a brand-new or new-model car on our Flexi own plan, plus we provide the training and support you need as a PCO driver to earn more, pay less ad stress less. Drop by our London Hub at 393 Edgware Road Cricklewood, London, email us, or say hello on 0333 016 4331