Car subscription FAQs
How does a car subscription work?
Car subscriptions are all-inclusive plans where consumers and businesses pay a single monthly fee that covers most of the associated costs of motoring,
except insurance, fuel or battery charging. Subscriptions often include road tax, servicing, maintenance, as well as the cost of the finance associated with the vehicle itself –
which is usually in the form of a contract hire or leasing agreement.
Is a car subscription worth it?
As well as a single monthly cost, subscription users often benefit from the ability to change their current vehicle on a far more frequent basis than longer-term leases –
in the case of Volvo’s subscription, just 3 months’ notice (subject to status). Subscriptions may be more expensive than a lease or other type of finance agreement on an equivalent vehicle,
but subscriptions appeal to consumers that value convenience and a bespoke service over price alone. Many consumers are opting for electric car subscriptions to explore the latest electric vehicle technology without long-term ownership commitments.
What’s included in a car subscription?
Volvo’s all-inclusive subscription takes care of all the practical stuff – you just drive. Simply add insurance to your subscription or choose your own. Here’s what’s included:
How do subscriptions compare to leasing?
If you’re new to cars on subscription, or leasing for that matter, the differences between these products and buying can be confusing. Our handy breakdown below helps explain more.
What’s the difference between a car subscription & traditional vehicle ownership?
Volvo’s subscription lets you enjoy all the perks of having a car with none of the hassle because most operating costs are covered. This includes essentials that you’d otherwise have to add later on, such as service, maintenance and replacement tyres (when worn through normal use). Subscribing is also a more flexible way to access a car, and the commitment is minimal compared to traditional finance agreements – you only need to give 3 months’ notice to change car or cancel.
What is the contract length for a subscription?
You can choose the usual 3-month notice period.
What’s the sign-up fee?
There isn’t a sign-up fee! Once your order is confirmed, Volvo Car UK will take your first monthly subscription fee as an advance payment.
The advance payment is then deducted from your next invoice on a pro-rated basis depending on when you take delivery of your car. Your subscription fee will always be paid a month in advance.
How do I know if Volvo’s subscription is right for me?
If you’re looking for a hassle-free and flexible alternative to leasing or buying a brand-new car with no long-term commitment, then this subscription is perfect for you!
How do I collect my car?
You can collect your car from a preferred retailer or choose to have your car home-delivered at no extra cost. To find out more, configure your chosen model via the link below and talk directly to Volvo specialists.