At elmo, our mission is to make it easy for you to go electric. As part of that, we want to be clear and transparent about our pricing. So, here’s an overview of how electric car subscription costs work at elmo.
What does an electric car subscription cost include?
Because we want to make your EV subscription as convenient and easy as possible, you’ll pay one single monthly subscription cost which includes everything you need to drive your new electric car:
- Your very own electric car
- Comprehensive insurance
- Scheduled maintenance and servicing
- Breakdown cover
- Replacement tyres after general wear and tear
Are there any upfront payments?
Our pricing is competitive with lease deals and, unlike those leases, we don’t charge a deposit and don’t require you to lock into a lengthy contract. But we do take some payments upfront at the point of booking:
- First Month of Subscription – When you book, we’ll take a payment covering the first month of your subscription. Your future monthly payments from the second month will be taken by Direct Debit.
- Delivery – A flat delivery fee of £119 is applicable for drivers in England and Wales. Cars delivered to Scotland will pay an extra delivery fee.
Standard package pricing
The standard package is the monthly price you see advertised for any car on our website, and includes the car, insurance, MOT and service, breakdown cover and more.
The standard package fee may vary depending on how long you choose to have the car and how many miles per month you need. The basic mileage allowance is 800 miles per month (though this rolls over so just needs to average at 800 miles per month for the period you have the vehicle).
We also add a surcharge to certain subscriptions:
- £10pm per additional driver you include in your subscription.
Our subscription packages
We offer two subscription packages:
- elmoFlex – if ultimate flexibility is your bag, then elmoFlex is for you. With just a 60-day minimum term, you can swap or stop whenever you like. Perfect if you don’t need a car all year round, or if you want to try out different electric cars until you find ‘the one’.
- elmoSave – if you’re happy to commit for a little longer, you can access our best value prices. With a minimum term of 12-months, this package is still more flexible that most leases and price competitive too. Ideal if you need a car all the time and are happy to commit to one model.
For more information on the differences between our two packages, read our elmoFlex vs elmoSave page.
Why an electric car subscription is different from a lease
There are several key differences between a subscription and a lease that makes it a far more attractive option for many drivers. These include:
- Flexibility – A lease will tie you down with a multi-year contract that will charge you if you try to break it. However, a subscription is far more flexible, allowing you to make changes as and when you need to.
- All-inclusive – A lease only covers the cost of the car, meaning additional costs such as insurance, maintenance, MOT and breakdown cover are the responsibility of the driver.
- Deposit – Many leases will require an upfront cost, however, there are no upfront costs or deposits with a subscription.
See how they compare below:
Renault ZOE GT Line+ EV50 (rapid)
- Upfront payment
- Minimum commitment
- Total monthly cost
- Vehicle monthly payment
- Upfront payment**
- Breakdown cover
- Vehicle Excise Duty
- 36 months
- 60 days
* Compared against leading lease deals at 10,000 miles a year.
** Split monthly over 36 months.
*** Lease vs elmo comparison guideline only. May vary depending on model.
Customising your subscription
Once you’ve selected your standard electric car package, you can customise the subscription to include extra options and features according to your lifestyle and preferences. We currently offer:
- Additional drivers – add up to 2 additional drivers for £10 a month per driver.
- Public charging membership – pay-as-you-go using our elmoCharge card for access to over 20,000 charge points across mainland Britain.
- Home charging point – thanks to our partnership with Easee and AES you can buy a home charge point and have it fully installed in just a few weeks from £949.
- Insurance excess waiver – reduce the insurance excess on your subscription for just £15 a month by chatting to our team.
- EU travel – for £12 per day you can travel anywhere in Europe in your elmo EV.
You can find more detailed information about each in our How it Works section.
What other costs should you take into account?
After delivery, you may want to consider how much it would cost to install an electric car charger at home, and if this is something you would benefit from. Having a charging port at home isn’t a necessity, as the UK has a large network of public charging stations and you can charge an EV from a standard three-pin plug. However, using an EV charger at home can significantly decrease charging times which can save you further costs.
There are also a number of government schemes that can cover as much as 75% of these costs.
At the end of your subscription
After your minimum term and you’ve given us 30 days’ notice to end your subscription, we’ll charge the remaining days on a pro rata basis based on your usual monthly payment.
Once your subscription has ended, we’ll send you a final invoice covering:
- Collection. This is charged at the same rate as delivery
- Damages. The cost of any damage to the car beyond reasonable wear and tear.
- Exceeded mileage. From 25p per extra mile depending on which car you have on subscription.
Ready to get started?
Now you know everything that’s included in an elmo electric car subscription cost, why not make the switch to electric? Browse our range of electric cars to start saving money and help protect the environment.