How to make car subscriptions more affordable
We know that vehicle subscriptions can be expensive, but when you compare it to a traditional car lease over four years, the difference in monthly cost is not that significant.
An apparent downside is the heftier monthly payments, but there may be ways to save money on your car subscription and make the payments more affordable. Here are the different tips our team managed to come up with after a slow-afternoon brainstorming session!
1. Shop around and compare prices
Shopping around and comparing prices from different car subscription services available in the UK is one of the essential ways for customers to find an affordable option.
By taking the time to research different companies and their offerings, customers can ensure that they are getting the best deal possible and not overpaying for their subscriptions.
2. Look for promotions or discounts
Promotions and discounts can also be an excellent way for customers to save money on their car subscriptions.
Many companies offer special deals for new customers or those who sign up for more extended subscription periods, so it is always worth checking for these options before committing to a subscription.
3. Consider opting for a lower-tier subscription option
Lower-tier subscription options with limited access to car models or mileage restrictions can be an excellent way for customers to keep costs down.
These options often have a lower monthly fee and can be a good choice for those who do not need to use a car regularly or do not require access to a wide variety of car models.
4. Research if the company offers special deals for students, NHS staff or military personnel.
Many companies offer special deals for students, the NHS or those part of the military, so it is worth checking if any vehicle subscription services provide such discounts.
These deals provide a great opportunity for those on a budget to save money on their subscription.
5. Look for companies that are offering a trial or money-back guarantee.
This may not be relevant just yet, but in the future, we may start seeing more providers relaxing their sign-up rules.
Companies offering a trial or money-back guarantee are also a good option for those unsure about committing to a car subscription.
These options allow customers to try out a service before committing to a longer-term subscription, allowing them to determine if it is the right fit for their needs.
6. Check if the company offers any referral discounts or rewards programs.
Referral discounts or rewards programs offered by some car subscription services can also be an effective way for customers to save some of their hard-earned cash!
By referring friends or family to a service, customers can earn discounts on their monthly subscriptions or earn rewards points for future subscriptions.
While vehicle subscriptions may seem expensive at first glance (especially the ones offering electric cars), it is vital to consider the long-term costs. When comparing the monthly cost of a car subscription to a traditional four-year lease, the difference may not be as significant as it initially appears.
Additionally, with a car subscription, customers have more flexibility and the ability to switch to a different car model more frequently, which can benefit those who enjoy driving different cars or have changing needs.
Want to learn more about subscriptions? Here a few useful pages which will help you save money:
Browse all cars available on subscription
There are hundreds of cars available via UK subscription companies.
We also reference useful information from other reputable websites where appropriate and data is fact-checked. See our editorial guidelines.
