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The Cost of Vehicle Ownership: Finance versus Subscription

When you’re shopping for a new car, it can sometimes be overwhelming trying to figure out whether to purchase or finance one... We see subscription as a way to take the stress out of driving by bundling everything into one simple monthly cost.

If you’re already used to leasing or personal contract purchase (PCP), subscription isn’t a wildly different concept although we appreciate making the jump from traditional ownership is a big decision. At Wagonex, we’re redefining ownership, the flexibility and hassle-free features of subscription is what makes our customers choose this over the alternatives and join the car subscription revolution! 

You can read our full guide on some typical pros and cons of these versus subscriptions here.

In this article, we’re going to take a look at PCP and Leasing and dive into how the costs compare to a car subscription. We’ve taken three of the most popular vehicles on and compared these like-for-like with real-life examples to look at the total cost of ‘ownership’ over a two year period. You might be surprised by the results! 

Volkswagen T-Roc


MG4 - Electric


Mercedes-Benz GLAGLA_-_Default

The deposit with a subscription vehicle is refundable which is the biggest difference versus lease and PCP, it’s a big one off-cost that can often have the ability to bring the monthly payments down but is often an unnecessary expense that many can’t afford to stump up in one hit. 

Choosing a Subscription over PCP could save you more than £5k on some cars, which is unbelievable! Not to mention you don’t have to worry about any unforeseen maintenance and repair costs and with the majority of our suppliers you can easily swap cars or cancel your contract should your circumstances change. 


Considering the total cost of ownership, opting for a car subscription presents a more economical and adaptable approach to getting a new vehicle versus traditional finance. 

Car subscriptions provide unmatched flexibility in terms of contract duration and the option to cancel or change your car prior to the contract's completion. This convenience eliminates the need to make a substantial upfront payment from your hard-earned savings; any deposit required is fully refundable upon the return of the car.

Given these benefits, why wouldn't you select a car subscription for your next vehicle?

Follow this link to browse our full list of cars available on subscription.


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