Best way to handle Players old pawn after getting in a vehicle?

At the moment i have the player controller going back and forth between the vehicle and the first person character. Obviously i want an efficient way to store the first person character while in the vehicle. My first thought is obviously disabling any physics or rendering on it and then just placing it outside the vehicle and enabling everything again when the player gets out.

any better ideas?

What you said sounds fine. Games do plenty of crazy things for convenience.

In terms of efficiency the best would probably be to destroy the pawn. But if it is hassle to spawn it and set it up all perfect then what you said sounds fine.