What are the differences?
Whilst the word “Car Subscription” seems to be a new word, we’re proud to have been offering vehicle subscriptions since 2007 but our website may prove slightly confusing as we are advertising two very similar products:
As it says on the tin “You subscribe to a car” like you would with your TV streaming service. You choose a car and pay one monthly fee that covers all of the essentials including maintenance, servicing, tyres, breakdown assistance and road tax.
You can take the car for 1 month, but our best prices are unlocked when you commit to 90 days plus. To terminate your contract, just complete a RETURNS REQUEST form and give us at least 5 working days notice.
Whilst the choice of vehicles is still extensive, you do get more vehicle options on our flexible car leases. In stock vehicles can be delivered super quick!
Flexible Car Lease
Similar to the Car Subscriptions, vehicles cane be taken for 1 month, but our best prices are when you commit to at least 90 days (vehicles dependent).
Maintenance isn’t included on all of the vehicles, so you need to have a look at the vehicle details to see if maintenance comes as standard or if it is optional. Breakdown assistance, warranty and road tax comes as standard.
You have more choice of vehicles on our flexible car leasing range and physical stock vehicles can be delivered within 3-5 working days when a credit line is in place.
Business or Personal
Business or personal customers can apply for one of our car subscriptions or flexible car leases. Businesses may be able to claim back 100% or 50% of their VAT depending on their set-up. We would highly recommend speaking to your accountant.
The beauty of our flexible car leases and our car subscriptions, is that both of them can be used on our flexible salary sacrifice schemes.
This is a great product that can save both the business and the employees money on tax and National Insurance, whilst providing them a reliable brand new vehicle and allivating the issues of grey fleets.
If you would like any further information on our Car Subscription or Flexible Car Leases, please contact the Cocoon Vehicles team on 01332 290173 or complete the ENQUIRY FORM below.