How-to guide: own a car from 10 hours a week!

    woman stand over hood of rent to own car
    1024 512 Balazs Szekely

    Our revamped Rent to own plan is your unique opportunity to own a brand-new car from 10 hours per week

    Here’s how you can own a new-model car by working just 10 hours a week

    Step 1. Sign up to a rideshare platform

    Rideshare platforms such as Uber provide thousands of Australians the opportunity to earn a flexible income. To start earning, you need to become a registered on-demand driver and have access to a car that meets all the industry requirements (generally less than eight years old with a valid safety certificate).

    Uber driver requirements vary for each state, but as a general rule, you must meet these criteria:

    • Be at least 21 years old
    • Have a clean driving history
    • Pass a background check
    • Hold a full Australian driver’s licence issued in your state, with 6-12 months of experience preferably over the past two years

    If you meet the requirements above, you’ll need to apply for a special licence or an upgrade of your driver’s licence that allows you to transport passengers legally. You can read more about these state-specific requirements in this article:

    Step 2. Sign up to Splend for flexible car access

    To start earning an income with on-demand driving apps such as Uber, you’ll need a car that passes the requirements.

    At Splend, we’ve provided thousands of drivers with new-model, Uber-approved cars.

    If you’re an experienced rideshare driver or you’re planning to drive full-time, we recommend our Rent to own plan. This unique plan gives you the opportunity to put your weekly payments toward owning your car. In other words, it’s as simple as renting, but you will become the owner of the car after 3 or 4 years, depending on how much you drive.

    If you’re new to on-demand driving, you’re not yet sure whether or not ridesharing is for you long-term, or just want to drive Uber as a side hustle, our Rent plan is for you. Here you have a minimum rental period of just six weeks, just enough to gain the experience you need for an educated decision.

    Both plans cover the cost of the servicing and roadside assistance, as well as all car-related documents required for accepting passengers such as registration, comprehensive rideshare insurance, compulsory third-party insurance and mandatory inspections. All you need to focus on is earning an income.

     

    Step 3. Start earning an income with ridesharing

    Now that you’re a bona fide driver behind the wheel of a rideshare-approved car, you’re ready to hit the streets and start earning.

    To own a brand-new car from 10 hours per week, you must drive during the busiest times of the week. This way you maximise your income and minimise your costs and efforts.

    Based on data from our Australian fleet, Uber drivers can earn between $30-$40+ per hour during the busiest times of the week. On our Rent to own plan you can own a car from $269 per week, so 10 hours of work can cover your weekly payment easily.

    Please note that rideshare earnings vary by region and seasonality, and you’ll also need to factor in other expenses such as fuel costs and your tax bill. Therefore, treat the figures above as a guide.

    Step 4. Get advice from the best in the business

    Splend provides you with a Member Success Representative, who will take care of your coaching, driver training, paperwork, and any advice you might need down the road. These legends have helped thousands of Uber drivers, not only to get started, but also to take their careers to the next level.

    Your Member Success Representative will help you create a driving strategy to maximise your income during the busiest times. They will also help you to think outside the box and find alternative ways to earn an income such as parcel- or food deliveries.

    Step 5. Work out a strategy

    To maximise your rideshare income, you need a plan. Weekly goals such as your time spent on the road, the amount you want to earn, or the total number of rides you want to accept will help you set clear expectations of what you want to achieve short- as well as long-term.

    How quickly can you reach your goals this week? How much can you earn with one tank of fuel? How many 5-star rides can you give in one night? You might even meet another rideshare driver and set up some friendly competition for the week. These small challenges will kickstart your motivation and pave your way to success.

    Step 6. Seek independent tax- and accounting advice

    As a rideshare driver, you’re a small business owner. Therefore, you can claim many of your expenses as tax deductions. By increasing your tax deduction, you’re channelling more money into your pocket.

    Splend Partner DriveTax, a tax and accounting provider for rideshare drivers, was kind enough to compile a full list of ridesharing expenses you can claim as tax deduction.

    About Splend

    We enable people to make money by driving for on-demand apps such as Uber.

    We’re more than a car rental company. In addition to new-model cars and all the essentials to start earning money with Uber as quickly as possible, our members enjoy driver training and dedicated support via a personal account manager, as well as member benefits such as partner discounts and exclusive events.

    For more information about Splend, drop by to your local Member Support Centreemail us or say hello on 1800 775 363.

    AUTHOR

    Balazs Szekely

    Maker by nature, writer by profession, and a petrolhead at heart, Balazs is our very own content creator who brings Splend’s voice to life. He’s been a wordsmith his entire career, having seen it all from the print media to radio through online publishing and marketing copywriting. He’s fascinated by things he has yet to fully understand such as photography, ice hockey, and the bizarre art of aquascaping. In his free time you may find him mixing up cocktails for his friends or away from home on a city break. Drop him a line at balazs.szekely@splend.com

    All stories by: Balazs Szekely