Wagonex is another car subscription service trying to revolutionise car ownership.
Instead of holding their own inventory of vehicles, Wagonex partner with car dealers to provide a cars-as-a-service platform. This way they can continuously add new vehicles to their roaster.
You can also read our interview with the founder of Wagonex, where we discuss car subscription and how the industry is changing.
Signing up to Wagonex and getting a car is quite straightforward, here's what you need to do:
Wagonex also offer their own car subscription software to dealerships, car manufacturers, and other companies that own car fleets. Wagonex' subscription SaaS platform allows them to start their own subscription services without having to develop their own solution.
To get a car from Wagonex will largely depend on their partner's acceptance criteria. These usually mean that you must:
We also have an in-depth guide which explains the driver requirements and eligibility in a lot more detail.
To get a car on subscription from Wagonex you'll need to pay an admin fee, joining fee and a deposit. It's a refundable deposit which is returned when the car is returned. The exact amount depends on their partner dealership.
When you pick a car you have to commit to a rotation period - 6, 12, 18 or 24 months. The longer your commitment, the cheaper the subscription will be.
It's usually free to get your car delivered within 50 miles, but if it's further than that, the cost will be confirmed by Wagonex's partner who provides the vehicle. Alternatively, if you live near the dealership, you can collect the car yourself.
Wagonex's offering is quite unique. They don't own their inventory and rely on dealership partners to supply their cars. What this means for you is that you'll have a wider selection of cars but the costs involved won't be clear until you have spoken to their partner directly as each one will have their own terms. The longer commitment may turn some people off, considering Onto are more relaxed.
But the best way to find out if Wagonex is right for you is to go through the sign up process and speak their dealerships directly. Just be mindful that their credit check will be hard search meaning it will affect your credit score.
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