As ride-hailing demand continues to rise alongside persistent fuel price volatility, VinFast Philippines and mobility platform Green GSM are reshaping how Filipinos enter the transport sector through a “drive-to-earn” model that blends electric mobility, platform work, and structured financial access.
At the center of this shift is the “Rentapasada” program, a vehicle rental-based earning system that allows qualified drivers to operate VinFast electric vehicles through the Green GSM ride-hailing app — without the need to purchase a car outright or take on traditional auto financing.
Instead of securing a car loan or investing over a million pesos in vehicle ownership, drivers can access a VinFast EV under a long-term rental arrangement and generate income through completed trips on the platform.
Announced during the 2026 Philippine International Motor Show, the initiative effectively lowers the financial barrier to entry in the transport sector, positioning mobility access as a form of income-enabled financing.
A platform-based earning model
IMAGE CREDIT: TestDrivePH
Unlike conventional TNVS operations, Rentapasada is built around Green GSM’s digital ecosystem, where drivers operate exclusively within the app.
Revenue from trips is shared between drivers and the platform, while VinFast and Green GSM shoulder key ownership-related expenses such as registration, insurance, and periodic maintenance.
This structure effectively mirrors emerging fintech-enabled models in other sectors, where asset access is decoupled from ownership and bundled with service-based financing, insurance coverage, and digital platform participation.
Who can join the program?
To qualify for Rentapasada, applicants must submit standard transport and compliance documents, including a professional driver’s license, medical certificate, drug test results, NBI or police clearance, and a Tax Identification Number (TIN).
The program currently offers two EV models:
- VinFast Limo Green
- VinFast Herio Green
Cost structure and daily earnings model
Rentapasada replaces traditional car financing with a structured rental and revenue-sharing system.
For the Herio Green, drivers are required to pay:
- ₱5,000 initial payment
- ₱101,000 total deposit (or ₱250 daily installment option)
- ₱30,435 monthly rental fee (around ₱1,050 per day)
- Estimated total daily deduction: ₱1,300
For the Limo Green, costs are higher:
- ₱5,000 initial payment
- ₱129,000 total deposit (or ₱300 daily installment option)
- ₱39,130 monthly rental fee (around ₱1,350 per day)
- Estimated total daily deduction: ₱1,650
Security deposits are refundable upon contract completion, subject to compliance with program terms.
Program structure and earning model
IMAGE CREDIT: TestDrivePH
To join Rentapasada, applicants must meet standard transport industry requirements, including a professional driver’s license, medical certificate, clearance documents, and a Tax Identification Number (TIN).
Participants can choose between the VinFast Herio Green and VinFast Limo Green electric vehicles.
Rather than purchasing a vehicle through a bank loan or financing plan, drivers gain access to an EV through a rental arrangement that combines an upfront payment, a refundable security deposit, and monthly rental fees.
Depending on the vehicle selected, daily operating deductions range from around ₱1,300 to ₱1,650.
Drivers earn a share of revenues generated through completed trips on the Green GSM platform. Under the program’s current structure, drivers receive 90% of trip revenues during the first year, with the sharing arrangement adjusted over time.
Based on the company’s projections that was discussed during a media briefing, drivers could earn more than ₱1,400 per day after deductions, although actual earnings will vary depending on demand and trip volume.
The arrangement also shifts several costs typically associated with vehicle ownership. Registration, insurance, maintenance, and inspections are covered under the program, while drivers remain responsible for charging costs, toll fees, parking charges, traffic violations, and damage resulting from misuse.
Participating vehicles will also have access to free charging at selected stations until March 2029, helping reduce operating expenses during the early years of the program.
Lowering the barrier to entry
At its core, Rentapasada is designed to address one of the biggest challenges facing aspiring TNVS drivers: the cost of acquiring a vehicle.
By replacing ownership with a rental-based model, VinFast and Green GSM are offering drivers a way to start earning without taking on a traditional car loan or making a substantial upfront investment. The approach reflects a broader trend across digital platforms, where access to an income-generating asset is increasingly being offered as a service rather than through outright ownership.
Whether the model proves sustainable will depend largely on driver earnings, platform demand, and long-term operating costs. Still, the program offers a glimpse of how mobility companies are beginning to combine vehicle access, digital platforms, and flexible payment structures to expand participation in the transport sector.
