Are you worried about making a big commitment when it comes to electric cars?
Try Before You Buy is the perfect solution!
These electric car subscription services (all inclusive deals) let you test out different models of electric cars before you decide to buy one. Plus, their monthly payments are flexible and can be cancelled anytime. You won’t find a better deal anywhere else.
There’s no high deposit when you sign up – so it’s flexible enough to work with your budget.
Contents
What Is An Electric Car Subscription?
An electric car subscription is similar to car leasing, but with some key differences. First, electric car subscriptions tend to be shorter in duration than leases, basically on a month to month basis.
Second, electric car subscription services usually include maintenance, insurance and breakdown cover as part of the monthly fee, so there are no extra costs to worry about.
Finally, electric car subscriptions offer more flexibility than leases, as you can usually cancel the service at any time with no penalty.
What’s The Difference Between An Electric Car Subscription And Car Lease?
The main difference between an electric car subscription and a car lease is that electric car subscriptions are shorter in duration, on a month to month basis.
Leases tend to be for a set period of time, usually 2 or 3 years. Electric car subscriptions also offer more flexibility as you can usually cancel the service at any time with no penalty.
Another difference is that electric car subscription services usually include maintenance, insurance and breakdown cover as part of the monthly fee, so there are no extra costs to worry about.
If you think about it, at the end of the lease agreement, if you want to get another lease, that’s another hefty deposit.
With an electric car subscription, there’s no deposit required which could make it a more affordable option for some people.
What Type of Cars Can I Get With An Electric Car Subscription?
Most electric car subscription services offer a range of different models to choose from, so you can find the perfect car for your needs.
Some of the most popular models include:
- AUDI Q4 40 E-TRON – S Line Comfort and Sound package
- BMW i3 42 kWh
- CITROËN Ë-C4 – Shine Edition
- DS 3 – Crossback E-Tense Ultra Prestige
- FIAT 500 ELECTRIC – Icon Hatchback
- Ford – Mustang Mach-E Standard Range 75 kWh
- Honda – e Advance 36 kWh
- HYUNDAI IONIQ – Premium 38kwh
- Hyundai IONIQ Premium 38 kWh
- HYUNDAI KONA – Premium SE 64kWh
- JAGUAR I-PACE – HSE EV400
- Kia – e-Niro 2 Long Range 64 kWh
- Mercedes-Benz EQC 400 4MATIC
- MG – MG5 EV Exclusive Long Range 61 kWh
- Mini – Electric Cooper S L2 33 kWh
- Nissan Leaf e+ N-Connecta 62 kWh
- PEUGEOT E-2008 – GT
- PEUGEOT E-208 – Allure Premium
- PEUGEOT E-208 – GT
- Polestar – 2 Long Range SM Pilot 78 kWh
- RENAULT ZOE – S Edition R135 EV 50 Rapid Charge
- TESLA MODEL 3 – Long Range
- TESLA MODEL 3 – Standard Range Plus
- Tesla Model Y Long Range 75 kWh
- VAUXHALL CORSA-E – Elite Premium
- Vauxhall Corsa-e SRi Premium 50 kWh
- VAUXHALL MOKKA-E – Elite Premium
- VOLKSWAGEN ID3 – Life Pro Performance
- VOLKSWAGEN ID4 – Life Pro Performance
- Volvo XC40 Recharge Ultimate
How Much Does An Electric Car Subscription Cost?
The cost of an electric car subscription will vary depending on the make and model of the car, as well as the length of the subscription.
For example, at the time of writing a FIAT 500e La Prima 42kWh rented via elmo starts at £499+ £95 admin charge and can go up to £1299 per month for a Tesla Model 3.
You need to factor in your budget and the number of miles you will likely travel every month.
Why Is This Such a Powerful Concept?
As these electric car subscription companies start to increase the size of their fleet, it will mean there will be a lot more choice for customers when it comes to the type of electric car they can drive.
It also means that people who are worried about making a long-term commitment to an electric car can try out different models before they make a decision.
By trying out different models, you should be able to zone in on the exact car that suits your needs and budget the best.
You may have had Audi’s all your life but are willing to try a Tesla for example. No matter what the reason is, an electric car subscription is the best way to go about it.
How To Choose Your Electric Car Subscription
Your best bet is to compare around three to five different electric car subscription services to see which one offers the best value for money.
To make things easier, we’ve put together a list of the top three electric car subscription companies in the UK:
1. elmo
2. volvocars.com
3. On.to
Take a look at the different models each company offers and see which one appeals to you the most.
Once you’ve made your decision, get in touch with the company and sign up for their service.
It’s that simple!
What’s The Notice Period?
30 days notice is the average, so if you need to cancel your subscription for any reason, you can do so with no penalties.
Key Takeaways
- An electric car subscription is a short-term rental agreement for an electric car, usually on a month to month basis.
- Electric car subscriptions offer more flexibility than leases, as you can usually cancel the service at any time with no penalty.
- The cost of an electric car subscription will vary depending on the make and model of the car, as well as the length of the subscription.
- Electric car subscriptions are a great way to try out different models before you make a decision on which one to buy.
- 30 days notice is the average, so if you need to cancel your subscription for any reason, you can do so with no penalties.
FAQs
How many cars are available on an electric car subscription?
The number of cars available on an electric car subscription will vary depending on the company you sign up with. They will increase their inventory as more electric cars come onto the market. Some companies, such as elmo, have a large fleet of cars available while others, such as volvocars.com, only have a few models to choose from.
Will I need to install my wall ev charger?
If you want to charge your car at home you will need to install a wall charger. The car subscription company will be able to provide you with the information you need to do this.
Can I use an electric car subscription for business?
Yes, you can use an electric car subscription for business purposes. However, you will need to check with the company first to see if they have any restrictions in place.
Do I need to have my own insurance?
No, you do not need to have your own insurance. The company you sign up with will provide insurance for the duration of your subscription.
What if I damage the car?
If you damage the car the insurance will cover the repairs. However, you may be liable for any excess charges.
Are electric car subscriptions only available in the UK?
No, electric car subscriptions are becoming increasingly popular in other countries such as the US, Norway, and Germany.
