ELECTRIC CAR SUBSCRIPTION VS LEASING UK - WHICH IS BETTER?

EV Channels Review

This video critically examines electric car subscriptions, specifically focusing on the UK service 'Onto,' and compares it against traditional car leasing. The reviewer initially held a skeptical view of subscriptions, considering them a 'rip-off,' but was surprised to find they can be a viable and sometimes cheaper alternative to leasing, particularly for smaller EVs like the Renault Zoe. The core appeal of subscriptions lies in their flexibility, with a one-month commitment, included insurance, maintenance, servicing, and free charging at a vast network of stations. However, the reviewer highlights significant drawbacks, including a strict monthly mileage limit (unlike the annual allowance in leases) and potential extra costs for delivery and collection. For larger, more expensive EVs like the Tesla Model 3, the subscription model appears considerably less cost-effective than leasing, especially when factoring in the mileage limitations. The video concludes that subscriptions are best suited for specific use cases: as a long-term test drive for potential EV buyers, a temporary solution for those between cars, or for individuals prioritizing ultimate flexibility over cost. While acknowledging the evolving market and potential for future price reductions, the reviewer suggests that for many, especially those with higher or variable mileage needs, traditional leasing remains the more sensible long-term option.