How do electric vehicle subscriptions work? Your FAQ Guide

3 November 2023

Electric vehicle (EV) subscriptions are still a relatively new concept for most people. So we have put together a useful FAQ blog to help answer any questions you may have including the most frequently asked, “how do car subscriptions work?”!

What is a Electric Vehicle Subscription?

An electric vehicle subscription is a convenient and flexible service that provides individuals access to EV’s without long-term commitments or financial burden of ownership. Unlike leasing or renting, Karmo’s EV subscriptions allow you to access a brand new EV for an agreed period and includes all on-road costs. With Karmo can enjoy the latest EVs with no finance application, credit checks or balloon payments!

The latest MG4 EV

How do electric car subscriptions work

Electric Vehicle subscriptions are more straightforward than you think. All you need to do is select the EV and subscription duration you want, apply and once approved you can enjoy a brand new EV while paying the weekly subscription plan. Once your plan is up for renewal, you can switch the type of car you are driving so you never get bored. You also have the freedom to swap to another EV, a hybrid or a standard petrol vehicle if your needs change. It is the ultimate flexible way to drive. 

How much is a EV car subscription?

Karmo offers a great range of vehicles ranging from smaller hatchbacks to utes and even larger luxury SUVs. Depending on your location, you can find a subscription car from as little as $325 up to $480 a week for more luxury vehicles. When you consider the minimal cost for charging compared to fuel prices, an EV subscription makes for very affordable driving! You can browse our available electric vehicles near you, and if you can’t see what you like, make sure you put in an enquiry as we have access to many make and models to order. 

What is included in an EV subscription plan?

At Karmo, we take pride in offering comprehensive EV subscription plans that cover various services and expenses related to your electric vehicle. Our subscription plans include:

  1. Cost of the electric vehicle: The subscription fee covers the cost of the EV itself. This allows you to enjoy driving without the burden of car ownership.
  2. Registration Fees: We handle the registration fees associated with the EV. This ensures that it remains legally compliant throughout your subscription period.
  3. Roadside Assistance: Our car subscription plans include roadside assistance services. This provides you with peace of mind in case of any unexpected breakdowns or emergencies on the road.
  4. Karmo Provided Damage Cover: We provide damage coverage for the subscribed vehicle, safeguarding you against potential damages and accidents.
  5. Servicing and Maintenance: Servicing and maintenance of the vehicle are included in the subscription plan. This ensures its optimal performance and reliability.

By bundling these services and expenses together, we aim to offer a hassle-free and all-inclusive car subscription experience.

What is the minimum electric vehicle subscription plan duration?

The minimum duration for a Karmo EV subscription plan is 120 days. Furthermore, we may offer discounted rates for extended subscription periods depending on the vehicle. You have the option to subscribe for up to 9 months, allowing you to enjoy the benefits of a longer subscription at a reduced rate.

What electric vehicles can I get on on an EV subscription?

At Karmo, we take pride in offering a wide selection of electric cars that are currently in stock, as well as the ability to order additional EV types from dealerships. However, we want to inform you that due to supply issues from manufacturers, there may be times when certain make and models are unavailable for subscription.

We understand that finding the perfect EV is important to you, and we’re here to help. We encourage you to get in touch with us to discuss your specific vehicle requirements. Our team will do their best to accommodate your needs and provide suitable alternatives if your desired make and model is not currently available.

Your satisfaction is our priority, and we’ll work closely with you to find a car that meets your needs.

Find available cars on subscription near you.

How to get an EV car subscription?

The subscription application process with Karmo is quick and easy and the application can be completed in under 15 minutes. Here are the steps:

  1. Start by submitting an enquiry online, detailing the type of car you are after and the duration of which you would like it.
  2. You will then be emailed an application form for you to fill out.
  3. Once approved, you will be asked to upload a copy of a payslip and a bank statement.
  4. Once your application is approved, you will be contacted to confirm vehicle availability, pickup time and contract details.
  5. You will be notified that your car is due for arrival and a time to pickup will be scheduled.
  6. Collect your car and start enjoying it!
  7. Lastley, when your subscription plan is coming up for renewal, we’ll reach out to you to arrange for a new vehicle.
Tesla on Car Subscription

Can I swap the make and model of my electric vehicle I am subscribed to?

Karmo understands that your needs may change over time. We want to ensure that you have the flexibility to choose a vehicle that suits your needs. That’s why we offer the option to swap or upgrade your vehicle at the end of each subscription plan.

This means that you can easily switch to a different vehicle that better aligns with your current needs. Therefore, whether you’re looking for a different make, model, or even upgrading to a higher-end vehicle, Karmo are here to assist you.

There may be additional charges associated with upgrading vehicles or changing the make and model. For more details on the swapping or upgrading process, get in touch with our friendly team.

Learn more about how EV subscriptions services work

Karmo have an extensive list of FAQs covering all the common questions our customers have regarding car subscription. To learn more, you can review the Car Subscription FAQ or simply put in an enquiry.

Alternatively, you can learn more about Electric Car Subscription Eligibility or Electric Car Subscriptions in our FAQ. 

Find the answers you need in our FAQ