Volkswagen Financial Services (VWFS) has partnered with Wagonex to pilot a subscription service for the new Cupra Born performance electric vehicle (EV).
The future of franchised retailers’ motor finance FCA ruling on discretionary commissions has lead to greater transparency, but few dealers are reporting any noticeable variation to income as a result.
As car retail sector experts predict that subscriptions could take over from PCPs as the most popular way to fund a private vehicle, AM compared Q4's offers to see how they compare.
Date: 26 April 2021 Â Â |Â Â Author: Jack Carfrae
Subscription is either a trendy flash in the pan or a highly convenient way of sourcing vehicles, depending on your standpoint. Jack Carfrae asks where it fits in the fleet sector.
Pick your favourite streaming service - Netflix, Amazon Prime, Disney Plus - pop the name in front of for cars and it more or less sums up the subscription model.Â
With the caveat that every company is different, it usually involves a minimum of a month s commitment, either no down payment or a small one, SMR cover and optional insurance. It is generally cheaper than daily rental but more expensive than leasing, occupying a middle ground between the two.Â