With the UK government setting a target to phase out the sale of new petrol and diesel cars by 2030, the popularity of EVs is only set to rise. According to recent data, the number of EVs on the road in the UK has increased by more than three times over the past three years, and this trend is expected to continue in the coming years.
Alongside the growing interest in EVs, we’re also seeing an increase in the popularity of car subscriptions. The fact that car ownership can be flexible and convenient without the hassle of long-term contracts is clearly making vehicle subscriptions an enticing prospect for UK drivers.
With this in mind, it’s essential to choose the best car subscription service that caters to your budget and lifestyle, especially if you’re considering an EV subscription.
Car subscriptions are the newest way to hit the road in style, offering a flexible and convenient alternative to traditional vehicle ownership. Put simply, car subscriptions give you the opportunity to drive a brand-new vehicle for a monthly fee without having to worry about the costs associated with ownership, such as insurance, maintenance and road tax.
Vehicle subscription services allow you to choose from a range of vehicles, from small city cars to luxurious SUVs, and switch between them as often as every month with certain subscription providers!
There are probably more than 10 subscription providers in the UK who offer this new type of flexible car ownership. These include Onto, elmo, Wagonex, Care by Volvo, Mocean, Karzoom, My Car Direct, and Sixt… you get the idea – there are many!
Instead of browsing through each website, you can visit CarSloth.com, where you can compare car subscription providers and their vehicle inventory (including electric cars) all in one place.
Think of it as a car subscription comparison website, which saves you time and money by showing you all options.
When choosing an all-inclusive vehicle subscription provider, there are several essential considerations that you’ll need to take into account to ensure you get the best deal.
Your budget will be a key factor in deciding which service to choose. Be sure to compare the monthly fees, as well as any additional costs such as delivery/collection fees, excess mileage and upfront deposits (which are normally fully refundable but can be hefty).
Not all car subscription services operate nationwide, so it’s important to check if the service is available in your area before you sign up. Having said that, providers are constantly growing, securing more stock and expanding partnerships, so chances are that there will be a car for you.
The most popular subscription cars at the moment are EVs, partly because drivers don’t have to pay extortionate amounts upfront and can also return the car if they don’t like it. Subscriptions allow for this. However, you can still find more traditional non-EVs from popular brands like Mazda, Volkswagen, BMW etc. Consider what car you need based on your lifestyle and driving needs. Check out this guide for more information about choosing a specific EV.
Different services offer different lengths of subscriptions, from monthly to annual. Decide on the length of time you want to drive the car for and look for a service that offers this. The usual minimum commitment is 30 days, but some companies would like drivers to commit for a little longer. Usually, the monthly cost goes down the longer the period you commit to.
Make sure you understand what is included in the monthly fee and what is not. For example, does the service include insurance and delivery, or are these additional costs that you’ll need to factor in?
Some services offer more flexibility than others, such as the option to swap vehicles or cancel at any time. Consider what level of flexibility you need and look for a service that provides this.
As you can see, although this way of running a vehicle is simple, it still requires a bit of research. If you want to learn more about subscription car ownership, be sure to check out Car Sloth’s electric car subscription expert advice.