#PRIVATE HIRE VEHICLE FINANCE HOW TO#
#PRIVATE HIRE VEHICLE FINANCE DRIVER#
#PRIVATE HIRE VEHICLE FINANCE PLUS#

вњЏпёЏ Note: You will need to provide the following documents in order to drive with Uber as part of your application. The standard of English required is not advancedВ and equivalent to early secondary school.В You will need to take a test with one of TfLвЂ™s approved language test providers.

#PRIVATE HIRE VEHICLE FINANCE DRIVER#

If you wish to be become an Uber driver you will have an option of taking your topographical assessment at the Uber Ignition Centre which is based in London.

#PRIVATE HIRE VEHICLE FINANCE HOW TO#

You will need to obtain your certificate fromВ an accredited test centre.ДЇind out more about the topographical skills assessment and how to book at a TfL-approved centre on the TfL Website

The Topographical Skills assessment ensuresВ you are able to use an A-Z Guide to locate places, as well as to plan routes (of varying distance)В from one point to another. You can complete a your medical test with your GP or other health professionals who have complete access to your records. The criteria includesВ reaction times, hearing tests and checking for other serious health conditions. To obtain your PCO Licence, you will need to be declared medically fit according to DVLA Group 2 Standards. To do this, you will need to complete an enhancedВ DBS Check. All you need to do is follow the steps below:ДЄs part of the applicationВ process, you need to prove that you are someone of 'good character'. The total amount paid by you for this example would be ВЈ9,118.24.Applying for a PCO Licence can seem complicated,В but is actually quite straightforward. If you wanted to reduce the monthly repayments and spread them over a four-year contract, that would look like this, based on 10.9% APR: The total amount paid by you for this example would be ВЈ8,302.96.

Option to Purchase fee (estimated) : ВЈ10.

Short hire purchase finance periodД«ased on a two-year contract, hereвЂ™s what youвЂ™d pay, based on 10.9% APR: The longer the contract, the less youвЂ™ll pay each month but youвЂ™ll eventually pay more in total.

This means the finance company will pay the remaining ВЈ6,750.Д«elow, weвЂ™ve got a couple of examples вЂ“ two years and four years. YouвЂ™re looking at a car worth ВЈ7,500, and you can afford a 10% deposit (ВЈ750). HereвЂ™s a quick example to show you how straightforward it really is: When this and your monthly payments are met, you will own the vehicle.

It can vary, so check before you finalise the agreement. End of contractДЄt the end of your hire purchase finance contract, there mayВ be an acceptance orВ documentВ fee. Use our car finance calculatorВ to find out how much you might be able to borrow, based on what you can afford. Many lenders will allow overpayments to be made if you want to clear the finance quicker, but specific details will vary by lender.

#PRIVATE HIRE VEHICLE FINANCE PLUS#

Your repayments are essentially the cost of your car, divided by the number of months your agreements lasts for - plus the annual percentage rate (APR).ДЇor Zuto customers, APR starts at 8.9%, but your rate depends on the lender and your own circumstances a better credit score generally means a lower APR. But a deposit isnвЂ™t always essential, and we may even have no deposit options available. However, the more you can afford to pay upfront, the better - it willВ lower your monthly payments and reduce the total amount of interest you pay.

Private hire vehicle finance