Car Subscriptions Explained
Car Subscriptions are a flexible “all-inclusive” alternative to traditional car leasing or car financing; subscriptions are typically for electric vehicles.
Subscriptions generally include car insurance, maintenance and sometimes even free public charging.
We have first-hand experience of subscribing an EV from ON.TO here at DefinitelyNotAGuru; it offered a single monthly price for the total package and allowed us to send the car back with 30 days notice or change it for another model (subject to a collection & delivery fee).
Your subscription will usually have a monthly mileage limitation and of course the car must be returned in good condition or you may be liable to pay a damage excess.
Subscribing to an EV can be great way of testing the water with electric vehicles, it can also be good for those who live in large city centres and only need a car for short periods at a time. It has many of the benefits of hiring a car but is generally a bit cheaper than a long term car hire.
For us at DNAG we have to say that it rarely seems to make sense on a long term basis (vs a normal car lease) but everyone’s situation is different and the numbers change all the time so it’s worth taking a look at.