The way people buy cars has been substantially changing in recent years. Few people buy new cars for cash – indeed it is quite difficult to do so with attractive leasing or hire purchase options with very low interest rates being pushed on you by dealers.
Car supermarkets offering a range of vehicles with click and collect purchasing systems are now common. You can now select a vehicle over the net and even have it delivered to your door.
Now there is a further revolution being promoted by a company named Onto (www.on.to) which have been advertising on television. They are offering an “all inclusive electric car subscription”. You need only commit for one month, with no deposit, and servicing and breakdown cover is free, road tax is included, insurance is included if you are over 35 and charging on public networks is free.
For as little as £399 per month you can hire a Renault Zoe ZE50 with a range of 190 miles – see photo above. They also offer Volkswagen ID4 and Audi E-Tron models but at higher prices. In comparison the Renault’s list price starts at £27,595 so at £4,800 per year to hire you can see that it makes for a very attractive financial option particularly as it removes the worry of batteries degrading over a few years.
Onto has been in business a couple of years and there are other subscription services such as Care by Volvo, Elmo and Cazoo.
You can see that the electric car rental option might be very attractive for those who do relatively low mileages.
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