Latest EV push - get them on 'subscription' and replace every 3 to 5 years like a mobile phone on a contract plan

Poll - Total Votes: 1

Would you buy an EV on a standard lease and dump it every 5 years for a new one?

Would you buy an EV on a mobile phone like subscription plan and get a new one every few years?

Would you buy an EV on a normal car loan or outright and keep it for a long time (say 10 + years)?

Would you not buy an EV at all despite how 'sexy' the deals are made out to be?

You can only vote on one answer.

Ewwwww all I can say to that is Danger Will Robinson!

Source... https://au.news.yahoo.com/the-new-electric-car-trend-which-could-see-demand-soar-like-a-mobile-phone-232622232.html

The problem is that you will never actually 'own' the vehicle if you do this, and at the end of the 'subscription' term you basically have to let it go.

In a way it's taking the novated lease idea and spinning it into another approach on the 'everything as a service' concept.

The idea of 'ownership' where you buy and pay for it now you fully own it and can do what you like with it is being pushed to the side and people will be enticed/encouraged to 'buy' a vehicle as a 'service' rather than something that you actually own.

ArishMell · 70-79, M

I do agree with your last paragraph but isn't this simply still a "lease", as common among businesses for decades, and increasingly so (though expensive) for private owners?

It would have the advantage that you don't need worry so much about its physical ageing and future servicing / repair costs, so it might work out competitive with outright ownership.

I am not sure how it can be compared to a mobile-phone or indeed, these days, a land-line one. You own that but pay a subscription for the service.

If you buy a car or anything else on HP of course, it is the lender's property anyway until the payments are completed fully.