Are you ready to go electric but don’t want the commitment of a lease?
Electric car subscriptions are becoming increasingly popular as more people look for alternatives to traditional car ownership.
With flexible terms and no deposit, it really makes it easy for you to drive the latest models of electric cars. Plus, you can cancel your subscription at any time!
But what exactly is an electric car subscription?
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How Does an Electric Car Subscription Work?
An electric car subscription is basically a short-term rental of an electric vehicle (EV).
You pay a monthly fee/subscription to have access to an EV, and you can use it for as long as you want.
The subscription includes all maintenance, insurance, servicing, breakdown, road tax and carbon offset, so you don’t have to worry about anything except for driving your EV.
Electric car subscriptions are becoming popular because they offer a lot of flexibility. If you only need an EV for a short period of time, or if you want to try out an EV before buying one, an electric car subscription is a great option.
And since all of the costs are included in the monthly fee, you can just enjoy driving your EV without worrying about anything else.
What are The Benefits of an Electric Car Subscription?
There are many benefits of an electric car subscription, but the three main ones are convenience, flexibility and cost-effectiveness.
- Convenience.
- Flexibility.
- Cost-effectiveness.
Convenience
The biggest benefit of an electric car subscription is convenience. With an electric car subscription, everything is taken care of for you.
You don’t have to worry about maintenance, insurance, servicing or breakdown. All of those costs are included in your monthly fee.
Plus, you can cancel your subscription at any time, so you’re never locked into a long-term contract.
Flexibility
Another great benefit of an electric car subscription is flexibility. If you only need an EV for a short period of time, or if you want to try out an EV before buying one, an electric car subscription is a great option.
You can choose the length of your subscription, and you can cancel at any time. So if you decide that you don’t like EVs after all, you’re not stuck with a long-term contract.
Cost-Effectiveness
Electric car subscriptions are also cost-effective. With an electric car subscription, you don’t have to worry about the upfront cost of buying an EV.
Plus, all of the costs – including maintenance, insurance, servicing and breakdown – are included in your monthly fee. So you can just enjoy driving your EV without worrying about anything else.
What Kind Of Electric Car Subscriptions Are On Offer?
There are a few different types of electric car subscriptions on offer. The most common type is a short-term subscription, which is usually for 1-3 months.
Some companies also offer long-term subscriptions, which can be for 6 months or more. And some companies offer both short-term and long-term subscriptions.
It doesn’t matter if you are a private individual or a business, there is an electric car subscription that’s perfect for you.
Why Not Just Lease?
This is a great question and one I think a lot of people will ask. However, the vast majority of lease deals will try to tie you in for at least 12 months, if not longer.
An electric car subscription, on the other hand, offers much more flexibility. You can choose the length of your subscription, and you can cancel at any time.
So if you decide that you don’t like EVs after all, you’re not stuck with a long-term contract.
Also, on the vast majority of subscription deals there is no upfront deposit to pay, which can make it a more affordable option than leasing.
Which Car Brands Are Available With An Electric Car Subscription?
There are a few different car brands that offer electric car subscriptions. The most popular ones are Audi, BMW, Jaguar, Mercedes-Benz, Porsche and Tesla.
However, there are many other car brands that offer electric car subscriptions, so if you have a particular brand in mind, be sure to check if they offer a subscription service.
How Much Does An Electric Car Subscription Cost?
The cost of an electric car subscription varies depending on the length of the subscription, the type of EV you choose and the company you subscribe with.
However, as a general rule, expect to pay between £500 and £300 per month for an electric car subscription.
In the first instance, this may sound quite expensive, but when you compare the cost of leasing or buying an EV, an electric car subscription can actually be quite cost-effective.
Plus, when you factor in all of the other benefits of an electric car subscription – such as convenience, flexibility and the fact that all of the costs are included in your monthly fee – it’s easy to see why an electric car subscription is becoming increasingly popular.
How Do I Sign Up For An Electric Car Subscription?
If you’re interested in signing up for an electric car subscription, the best thing to do is to contact a few different companies and compare their offers.
Electric car subscriptions are still relatively new, so not all companies offer them yet. However, the number of companies offering electric car subscriptions is increasing all the time, so it’s definitely worth checking to see if there are any subscription services available in your area.
FAQs
Can I subscribe for an electric car for just one month?
Yes, you can. In fact, most electric car subscriptions are for one month, although there are some companies that offer longer-term subscriptions.
What happens if I want to cancel my electric car subscription?
Most companies will allow you to cancel your subscription at any time. However, some companies may charge a cancellation fee, so it’s always best to check with the company before you sign up.
Do I have to pay a deposit for an electric car subscription?
No, you don’t. In most cases, there is no deposit required for an electric car subscription.
What if I have an accident in my electric car?
If you have an accident in your electric car, the first thing you should do is contact the company you subscribed with. They will then be able to help you arrange for the car to be repaired.
How long does it take to get an electric car subscription?
The length of time it takes to get an electric car subscription varies depending on the company you subscribe with. However, in most cases, it should only take a few days to get everything set up.
Do I need to have a driving licence to sign up for an electric car subscription?
Yes, you will need to have a full, valid driving licence in order to sign up for an electric car subscription.
What if I want to extend my electric car subscription?
In most cases, you will be able to extend your electric car subscription if you want to. However, it’s always best to check with the company first to make sure that this is possible. In most cases you will need to give adequate notice before you extend your subscription.
