Can I subscribe to a car through my business?

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Utilising a car subscription through your business is an excellent way of extending your fleet with very little fuss and without the need to commit to a long-term car lease.

There are many vehicle subscription providers in the UK and listed on our website that offers facilities to businesses of all sizes, these can include account facilities, one invoice for multiple cars and the use of your own fleet policy.

We’re going to look at a few reasons why you may want to subscribe to a car as a business and a couple of the providers that offer these facilities.

Credit: Car-Subscriptions.co.uk on YouTube

Why subscribe?

Subscriptions are ideal for those companies that don’t want to commit to a traditional contract hire or lease vehicle, here are a few of the scenarios you may want to use one:

  • Probation Period Staff
  • Short-Term Projects
  • Evaluate Electric Vehicles
  • Evaluate Hybrid Vehicles
  • Cheaper than Daily Rental
  • Upgrade Vehicles on Regular Basis
  • Start-up Business
  • Contractors on Temporary Contracts
  • Replacing Pool Cars
  • Employee Incentives
  • Those who like to change their vehicles on a regular basis
  • Alternative to Grey Fleet Solutions

Who offers Subscriptions to Businesses?

We have a number of vehicles on our comparison website who offers vehicles to businesses, these include but not limited to:

New Startup Business Options

If you are a new startup business, then you may have found it quite difficult to apply for credit and you may have even already received your first declines. Many of the car subscription suppliers have the facilities to offer credit lines for their vehicles but may want additional information or some additional guarantees. These may include:

  • Higher refundable deposit
  • Higher joining fee or admin fee
  • Personal Guarantees
  • Higher initial rentals
  • Monthly risk payment
  • Details of stockholding
  • Personal details such has house ownership or bank statements
  • Floating charge on your company or personal assets

Depending on the set-up of your new business, will depend on how the provider will look at you. If you look like a higher risk, what they will want in return might not be beneficial to you or your business. If you have any questions on the above our team are waiting to answer your questions, just use the contact form at the bottom of this email.

Van Subscriptions

Don’t forget that a handful of the suppliers listed on our website, also offer commercial vehicles on flexible terms. Working out cheaper than utilising the traditional long-term van rental options. Click the button below for more details.

Compare Car Subscription Providers

Easily compare subscription suppliers and see how they will work for you and your business. Find out initial costs and the brands offered, you can also find the companies that offer electric and hybrid vehicles. JUst click the highlighted link above to start comparing.

Article Details

Post Published: March 7, 2022
Post Last Updated: May 11, 2022
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