Why an electric vehicle subscription might be the new try-before-you-buy

Enter, the electric vehicle 

While electric cars are generally more expensive to buy than petrol or diesel models, they can be cheaper to run and cheaper to maintain. They can also be better for the environment, creating less air and noise pollution. 

If you charge your car using energy generated from solar panels rather than electricity from the grid,  this renewable energy source can lower your emissions even more - a win for the planet.

As Australians are becoming savvier about climate change, and more ethical about where their money goes, interest in electric vehicles is rising.

But the perceived cost of purchasing – and running – an electric car is holding many people back from making the investment. An easy solution? A car subscription.

What is an electric car subscription? 

An electric car subscription is when you sign up to access an electric car without having to buy it outright. You simply choose a model and subscribe to it for as long as you need to – a few weeks, a few months or a few years.

Your subscription covers registration, insurance, servicing and roadside assistance – all you need to pay for are any additional road tolls. And make sure it’s charged.

How does a car subscription compare to buying outright? 

For one thing, you don’t have to outlay thousands (often, tens of thousands) of dollars when you need a car.

Your weekly subscription covers the cost of the car and any pricey extras you might see when you purchase a car outright. You can also exchange your vehicle for a new one whenever you like to accommodate a growing family, a new job interstate, or you just might feel like a change.

And if you know there’ll be a period where you won’t be using it (like going overseas for a few months or working from home for an extended period), you can cancel your subscription with no cancellation fees.

What do you get as part of the car subscription? 

Apart from a car that’s good for the environment and turns heads wherever you go, you get a car that’s yours, that you can use whenever you need.

You don’t need to book it or share it with other people in your neighbourhood. There’s no limit on how far you can take it, unlike many car rental contracts, where you can only drive your car a certain distance from its collection point.

If you’re curious about electric cars but are hesitant about long-term investment, a subscription is a great way to test the waters.

Subscribing to an electric vehicle means you can experience the latest technology without the risks of purchasing a new vehicle outright. Those niggly ongoing costs associated with car ownership are covered.

Subscribing to an electric vehicle gives you more flexibility and can be a financially viable solution to how you get around, both now and in the future.