Car Subscription 1 January at 6:17PM in Loans 3 replies 258 views

drbukar

Hello, we see lots of adverts these days on car subscriptions like Onto and I think there is one from Volvo.  Do any of the forum members have experience of car subscriptions? Is there a catch?

DrEskimo

Yes, they are extremely expensive ways to drive brand new cars.

It strikes me from your numerous posts that you are very consumed by the idea of having a new shiny car, but looking at extremely expensive ways due to lack of disposable funds. 

My best advice is to forget it for now, get something cheap and second hand with what ever savings you have. Your future financial self will thank you.

CoastingHatbox

> My best advice is to forget it for now, get something cheap and second hand with what ever savings you have. Your future financial self will thank you.

+1

Or if you can get away with it, don't buy a car at all and enjoy early retirement/better standard of living instead.

Question might be better asked on the motoring board.

silvercar

drbukar said:

Hello, we see lots of adverts these days on car subscriptions like Onto and I think there is one from Volvo.  Do any of the forum members have experience of car subscriptions? Is there a catch?

I looked into this. There may be a delivery charge, an admin charge and a return vehicle charge. So do your research.

What I saw was that subscriptions were costing about £500 a month for cars that would be around £300 a month on PCP lease finance.