Car subscription

drbukar
drbukar Posts: 10 Forumite
Part of the Furniture Name Dropper First Post Combo Breaker
Hello all,

Not sure if this has been covered here..but I am interested in car subscriptions..I see a lot of adverts for onto and hyundai mocean..

Are these any good..any experience welcome

Thanks 

Comments

  • Typhoon2000
    Typhoon2000 Posts: 1,169 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    This is just long term hire or flexible lease. There are plenty of companies that do this and not just manufactures, such as Flexed, Mycardirect and Elmodirect. Even Hertz and Sixt have long term rental programs.
    But yes, it’s an expensive way of driving a car, for people without a deposit.
  • Just do the sums versus all other options.

    Subscription
    Cash
    HP
    PCP
    Lease
    Pre-reg
    (Second hand)

    Taking in to account all other additional costs eg tyres, servicing, VED etc.  The only tricky question is residual value.

    Each method has pros and cons and you need to figure out which suits you best, but knowing the numbers is a good start.

  • Our COmapny Director crashed his comapby car (salary sacrifice lease EV) and has a long wait for a replacement.  SO we have signed him up to ONTO and a brand new Mokka E.
    It is working out good value for him as it includes charging (several RFID cards provided including Instavolt and Ionity, although BP Pulse recently stated they were pulling out) which menas he isnt charging at home on his expensive home tariff.  Also, his insurance premiums are pretty huge due to his age, so the fact the insurance is included means that overall it is nt a bad deal compard to a normal lease.  Plus no long term commitment.
    I mighteven look at it when replacing my salary sacrifice lease.

    The car has a dashcam installed but apparently that is for ONTOs use, not sure what that is all about.  Maybe they check you are at a charge point when you claim to be, as there seems to be no other control over who uses the RFID cards

  • ontheroad1970
    ontheroad1970 Posts: 1,671 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Our COmapny Director crashed his comapby car (salary sacrifice lease EV) and has a long wait for a replacement.  SO we have signed him up to ONTO and a brand new Mokka E.
    It is working out good value for him as it includes charging (several RFID cards provided including Instavolt and Ionity, although BP Pulse recently stated they were pulling out) which menas he isnt charging at home on his expensive home tariff.  Also, his insurance premiums are pretty huge due to his age, so the fact the insurance is included means that overall it is nt a bad deal compard to a normal lease.  Plus no long term commitment.
    I mighteven look at it when replacing my salary sacrifice lease.

    The car has a dashcam installed but apparently that is for ONTOs use, not sure what that is all about.  Maybe they check you are at a charge point when you claim to be, as there seems to be no other control over who uses the RFID cards

    More likely due to insurance requirements.
  • GenieBoy
    GenieBoy Posts: 148 Forumite
    100 Posts Name Dropper
    edited 4 January 2023 at 5:50PM
    Our COmapny Director crashed his comapby car (salary sacrifice lease EV) and has a long wait for a replacement.  SO we have signed him up to ONTO and a brand new Mokka E.
    It is working out good value for him as it includes charging (several RFID cards provided including Instavolt and Ionity, although BP Pulse recently stated they were pulling out) which menas he isnt charging at home on his expensive home tariff.  Also, his insurance premiums are pretty huge due to his age, so the fact the insurance is included means that overall it is nt a bad deal compard to a normal lease.  Plus no long term commitment.
    I mighteven look at it when replacing my salary sacrifice lease.

    The car has a dashcam installed but apparently that is for ONTOs use, not sure what that is all about.  Maybe they check you are at a charge point when you claim to be, as there seems to be no other control over who uses the RFID cards

    They are probably spying. I wouldn't put it past it that ONTO know everywhere you go and when etc and what you do in the car.
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