Car subscriptions - why?

[Gilgongo]

I've been getting a few ads pushed at me for car subscriptions recently and had a look at the monthly prices. But from what I can tell, they're about double the monthly cost of owning a car outright. You still have to pay for fuel and parking, so having the rest all in seems a bit steep. Who are these plans aimed at?

From a faq at https://www.wagonex.com/howitworks

"Car subscriptions can work out cheaper than alternatives because they are all-inclusive. This means in some cases subscription can be extremely cheap."

Hmm.

[AF62]

Who are these plans aimed at?

People with more money than sense who have to have the latest thing.

[DrFfybes]

Who are these plans aimed at?

People with more money than sense who have to have the latest thing.

And as often they don't have the money to buy one anyway, it says a lot about their sense

Paul (who has seen a marked drop in the number of sub 3 year old Audi S line and M Sport BMWs at the food bank this year, and a marked increase in foot traffic).

[bungeejumper]

It must be a city thing. I'd never heard of them.

Of course, out here in the sticks where the buses don't run, you're pretty much stuffed without a set of wheels unless you're prepared to dial up a lot of taxis. (Which are also expensive along our country miles, and often hard to get because the drivers don't really want to come out this far.) But a friend in Cambridge did share a car with his neighbour, and that used to work out pretty well.

They shared the purchase cost and the insurance, servicing, repairs and VED fifty-fifty, but after that they allocated the petrol on a mileage basis. That wasn't too difficult - they just kept a book in the glove compartment and recorded their usages, and then settled up once a month. And they would each clean the car every two months. They had a proper signed contract for all this, which I believe you can find online.

The most important proviso was that, if A needed a car while B was using it, A would hire a comparable car and that would go into the ownership sums. Of course, they did find it preferable to negotiate their holiday dates in advance.

BJ

[Gilgongo]

They shared the purchase cost and the insurance, servicing, repairs and VED fifty-fifty, but after that they allocated the petrol on a mileage basis.

Interesting - wonder if we'll see more of that kind of thing with the cost of living crisis?

[DrFfybes]

They shared the purchase cost and the insurance, servicing, repairs and VED fifty-fifty, but after that they allocated the petrol on a mileage basis.

Interesting - wonder if we'll see more of that kind of thing with the cost of living crisis?

A similar system is quote common with private aircraft, small corporate jets, and boats. Shared or Fractional ownership.

I wonder if someone wants to share MrF's BMW - so far this month VED has cost more than fuel.

Paul