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CarExpert
16h
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Image Credit: CarExpert
What is an EV subscription, and how does it work?
- Car subscriptions have been around for a while now in Australia, and with interest in electric vehicles (EVs) increasing – but with some car buyers remaining tentative about actually buying a battery-electric car – there are options in the subscription scene that may make more sense than purchasing outright.
- Most subscription services also allow you to change the car you are driving if your requirements or your lifestyle changes.
- No tyre-kickers, no haggling hassles… it sounds like a dream ownership experience if you can make it work for your needs.
- The majority of EV subscription plans also cover consumables like tyres, as well as ongoing maintenance considerations, and even charging at public recharge stations can be covered, not to mention the installation of a home charging station in some instances.
- It’s a novel approach – imagine a telco cutting your monthly smartphone payments when a new device launched?
- Another neat consideration is that some subscriptions will get cheaper the longer you hang on to the car.
- For the environmentally minded user, that could be a huge plus as it means you’re doing your bit to minimise the vehicle’s carbon footprint, and saving cash, too.
- So, if you’re thinking about an EV, and you’re not sure if it’ll be the right car for you, a subscription may be a solid alternative to an all-in purchase.
- You don’t need to think about what the resale value will be, you have the freedom to choose the right vehicle for your circumstances, and you could save big on tax, too.
- we recommend that you seek your own independent legal, financial and tax advice when making any decisions in respect of the appropriateness of a subscription for your circumstances
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