Car subscription 1 January at 6:11PM in Motoring 6 replies 305 views

drbukar

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 

Grumpy_chap

Duplicate thread with responses here:
https://forums.moneysavingexpert.com/discussion/6414269/car-subscription#latest

Typhoon2000

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.

Flight3287462

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.

doningtonphil

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

doningtonphil said:

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

doningtonphil said:

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.