Leasing firm launches monthly car subscription service

Leasing firm launches new subscription service

A leading car leasing company has launched a new subscription service. Intelligent Car Leasing says it’s the first broker to offer the facility.

The firm has teamed up with Wagonex to offer contract lengths of between six months and two years. Everything except fuel is included in a fixed monthly fee.

Prices start from £311 a month for a Citroen C3, based on a 24-month subscription. Alternatively, the same price gets you a Citroen C1 for six months.

At the opposite end of the scale, a DS 7 Crossback costs £780 a month on a two-year subscription. Electric cars are also included: a Nissan Leaf costs £500 on a one-year subscription.

Insurance, servicing, maintenance, tax and roadside maintenance are included in the price, although delivery costs vary according to location and the choice of car.

‘Now is the time’

New site to simplify car-buying

Marc Murphy, head of sales and marketing at Intelligent Car Leasing, said: “Increasingly, consumers want new ways to access the services they desire, whether it’s for films, clothes or for online deliveries.

“We believe now is the time for consumers to switch on to the benefits of car subscriptions, where all services are wrapped into the one package, and there’s the flexibility to choose different cars when they want and to stop the subscription at their convenience. It really is the next step forward in car usership models.”

Joakim Thomter, head of platform at Wagonex, added: “Flexibility is the essence of car subscriptions, which allow the consumer to drive a car without any long-term financial commitment.

“We are an established player in the subscription market, and partner with a number of recognised automotive brands. This now includes Intelligent Car Leasing in the broker space.”

Car subscription forms part of a varied blend of mobility services in which Personal Contract Hire (PCH) is helping to fuel the move away from the traditional car ownership model. According to British Vehicle Rental and Leasing Association (BVRLA) figures, PCH accounted for 64 percent of all new contracts written in 2018.

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