Online car retailer Cazoo is developing new car offerings, including Tesla and Ford
Cazoo began targeting new automotive customers with the launch of a new all-inclusive car subscription service, marketing models ranging from Fiat and Ford to Mercedes-Benz and Tesla.
The online car retailer, which launched a home delivery used car buying service in 2019, now markets more than 450 new cars – usually already registered and with odometers displaying less than 50 miles – in a package that includes insurance, maintenance and roadside assistance. and VED, so consumers can schedule only one payment per month.
The subscription can be for a minimum of six months and a maximum of 24 months, with the order being placed entirely online and Cazoo says delivery could be in three days.
The subscriber pays a deposit equivalent to two monthly installments, which is refunded upon completion provided any damage meets BVRLA’s fair wear guidelines.
Alex Chesterman OBE, Founder and CEO of Cazoo, said: “Subscriptions offer flexibility and convenience and it is clear from our research that a simple and comprehensive car subscription offering is long overdue.
“The launch of our subscription service now allows us to offer consumers new and used cars and the flexibility to buy, finance or subscribe, all entirely online.
“This is a further step in our mission to provide the best and most comprehensive car shopping experience for consumers in the UK.”
Cazoo, who bought out UK car subscription company Drover at the end of 2020, said subscription services have become increasingly popular over the past few years, with the food trend and the music to beauty, and her own recent research found almost a third (30%). of UK consumers are interested in purchasing a car rather than buying it outright or financing it.
A fifth (21%) of those surveyed by Cazoo now have more monthly subscriptions than before the start of the pandemic, 44% of respondents choosing subscription services for convenience, 25% saying it allows them saving money and 19% pointing out that it helps with budget planning. .
He believes car subscriptions will become more and more popular as they give drivers more flexibility to change cars more frequently, while still being able to consolidate all of their car-related payments into one monthly payment and pay off. ‘avoid tedious administration.
Cazoo’s mission is to transform the car buying experience for consumers across the UK and Europe by providing better selection, quality, transparency, convenience, flexibility and peace of mind.
Cazoo aims to make car buying no different than any other product online today, where consumers can simply and seamlessly purchase, finance, or subscribe to a car entirely online for delivery or collection in. as little as 72 hours.