Entrepreneurs and individuals who aspire to increase their income potential. The opportunity to own a car while driving for Bolt offers a great transformation in the e-hailing business landscape. The rent-to-own system that companies such as Bolt have undertaken is an exciting business model that allows drivers to obtain ownership while also generating income through ride-hailing.
Here is how you can spark your entrepreneurial journey with this amazing e-hailing rent-to-own opportunity.
Ride Your Way to Vehicle Ownership
The interesting aspect of collaborations such as the partnership between Bolt and MyNextCar is the possibility of a rent-to-own model. This scheme makes it easier to become an owner of a car, allowing you to start earning as a Bolt driver while working towards owning a brand-new car. With the easy-to-manage plan, you can drive a luxurious car without the upfront financial burden of a traditional purchase.
Other ride-hailing companies such as Uber also have their own partnerships where drivers can potentially own a vehicle.
All-Inclusive Coverage
MyNextCar’s Rent to Own solution has the perspective of potential clients and entrepreneurs with proposed all-inclusive terms that provide comfort when being behind the wheel.
Here’s what’s included:
- Vehicle Maintenance and Services: E-hailing drivers can have peace of mind by having their car well-maintained with minor and major repairs, including essential components such as tyres, brakes, shocks, and clutch.
- Insurance and Roadside Assistance: Drivers can worry less as all the 24-hour assistance and insurance coverage is fully inclusive. As above, you will never be caught unprotected, whatever the scenario is.
- Sustainable Fuel Use and Low Emissions: The vehicles supplied include impressive fuel economy and a dual-fuel system, lessening the burden on operational costs and the environment.
- Basic Medical Consultation: For security reasons, the basic medical consultation coverage is included to ensure that drivers are protected in case of an emergency.
How to Become a Car Owner
Submitting Your Application: Begin by submitting your application to MyNextCar. This step initiates the process of evaluating your eligibility.
Analysis of Revenue Records: MyNextCar shall also retrieve Bolt earnings data to provide the earnings data that offer the best degree of the deal.
Get an Offer: Based on your application and the presentation of earnings data, if you meet the criteria position, some offers will be made to you by Bolt and MyNextCar.
Get Your Car and Start Earning: If accepted, you will be given a new sedan car and can drive for Bolt while working towards becoming a car owner.
Document Requirements
To be able to apply for a car successfully, make sure to have the below-mentioned documents in place. Note that in most cases the requirements depend on the city:
- License and Roadworthy Disc
- Operator Card License
- Certificate of Registration (required in case of a restricted operating license, applicable in cities)
- Dekra Shuttle Vehicle Inspection
These are the documents in support of validating your credentials and that your car meets all the requirements set forth regulation-wise.
How the Youth Accelerator Program Is Involved
Partnering with the Department of Economic Development of Gauteng, Bolt and MyNextCar are proud to present the “Youth Accelerator Programme.” The initiative aims to offer South Africans access to vehicles and financing opportunities. It is an exciting opportunity for youth entrepreneurs who want to be self-employed and generate an income through ride-hailing.
Affordable Investments for Aspiring Entrepreneurs
For individuals interested in the MyNextCar Programme, through the application portal, it is noted that the cost of hiring a 2023 Bajaj Qute is R 1 495 per week. With this listed vehicle price of R 85 000, this low weekly cost makes it possible for most of the aspirant drivers to begin the purchase of vehicles and get an income-generating activity.
Make the Most of Bolt and MyNextCar
Joining the Bolt and MyNextCar rent-to-own program means that you want to own more than just a car but a means of achieving financial freedom. By getting into the Bolt economy, you are helping with the transportation needs of your local area and at the same time working towards owning a vehicle, which is vital for any entrepreneur.
E-hailing is more than just a job – it is a lucrative business opportunity that can grow into your own fleet of vehicles.
