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Splend Flexi own
Splend offers an Uber-ready vehicle you can own at the end of the term. A weekly subscription fee applies.
3 things to consider about Splend Flexi own:
- Can be used with all platforms. Cars can be used with all rideshare and delivery platforms, including Uber, Didi and Ola.
- Subscription model. You’ll be signing onto a subscription model that requires weekly payments. Your subscription fee will cover the subscription, maintenance and servicing, registration and other car-related paperwork.
- Weekly fee depends on the car. Depending on the car you sign up for, the cost of your weekly subscription will differ.
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Details
| Product Name | Splend Flexi own |
|---|---|
| Included Distance | 1,000 km included per week |
| Excess Distance Cost | $0.10 per km |
| Membership Fee | $990 (26 week rental period) |
| Price Per Week (from) | $319 |
| Minimum Term | 12 weeks |
| Insurance Included? | Yes |
How does Splend Flexi own work?
Splend Flexi own is a subscription service for customers who want to join the rideshare and delivery economy, but who are also looking to own the car at the end of the term. You will need to be an approved rideshare driver and pass all the required criminal and driving history checks. Splend will help you with your application if you're new to rideshare.
You'll have to pay a joining fee and from then on a weekly fee, which will vary based on the car you've chosen. Splend will evaluate your credit history as part of the application. The minimum rental period is 26 weeks, with a minimum of 4 weeks' notice if you'd like to return the car.
What features does Splend Flexi own offer?
- Use for Uber and own the car. Splend's subscription contracts are specifically tailored to Uber drivers looking to own the vehicle at the end of the subscription.
- Access to a Splend Member mobile app. The app allows you to track your Uber earnings and driver rating, report accidents and track your kilometres.
- No lock-in contract. If you're not happy with your car or you've changed your mind about the contract, you can return it within 4 weeks following the minimum rental period.
- Dedicated account manager. When you sign up with Splend, you will have a dedicated representative. Your rep is there to help make your Uber venture more profitable and deal with any problems you might come across.
- Transparent costs. There are no hidden costs. Splend lays out all the fees in the rental agreement.
- Various models available. You can choose from compact vehicles, hybrids or SUVs, each with its own pricing and fees schedule. Electric vehicles and delivery vans are also available.
- Insurance. Loss and damage cover is included in the weekly fee.
How much does Splend Flexi own cost?
The costs associated with Splend Flexi own include the following:
- Joining fee. You will need to pay a joining fee of $990 for new members and $715 if you're upgrading from the Flexi plan.
- Weekly subscription. You will need to pay a weekly fee, starting from $319.
- Extra kilometres and early ownership fee. The contract includes 1,000 kilometres per week. Any additional kilometres will incur a cost of 10 cents per kilometre. With the Flexi own plan, any extra kilometres will bring forward the finish date of your agreement and trigger an early ownership fee, contributing towards you owning your car sooner.
- Missed payment fee. You will be charged a fee of $40 if you miss a payment.
- Return fee. If you return the car after the minimum subscription period, you will have to pay $500.
- Refuelling charge. If you return your car, you may be charged a fee for refuelling and cleaning the vehicle.
- Early buyout admin fees. You will be charged an admin fee of $110, and you will also have to pay for the remaining weeks on your subscription if you wish to buy the vehicle sooner.
- Vehicle return within minimum subscription period. If you decide to return your vehicle within the minimum rental period, you will be charged the remaining weekly fees until your minimum subscription period ends.
- Balloon payment and stamp duty. At the end of the subscription period, you'll be charged a $1 balloon payment to transfer the car in your name. You will also have to pay stamp duty, which will vary based on your state.
What are the pros and cons of Splend Flexi own?
Pros.
- Dedicated account manager
- Weekly fee includes insurance and maintenance
- Wide range of cars
- Early buyout option
Cons.
- Joining fee
- Charges for extra kilometres
- Charges may apply for refuelling and cleaning upon return
Am I eligible and how do I apply?
To be eligible for Splend Flexi own, you need to meet the following criteria:
- Be at least 23 years old
- Have a valid Australian driver's licence
- Be an approved rideshare driver, passing all the mandatory checks.
You can sign up for Splend Flexi own through the Splend website. Keeping all your documents in hand will speed up the process.
