As an alternative to traditional car leasing and finance contracts, several manufacturers have launched their own subscription services. Jaguar, Land Rover, Volvo, BMW, Mini and Porsche now offer such schemes, all with slightly different advantages. Mostly, these services are geared around flexibility and convenience.
Jaguar Land Rover’s version, named Carpe, is aimed at drivers who cover very high miles and would therefore be penalised by a conventional lease contract. The scheme starts at £910 per month over a fixed 12-month term, for which you get a Jaguar E-Pace. For £2200 per month, you can drive a Range Rover Sport.
What distinguishes this scheme from a lease arrangement is the absence of any upfront deposit. Just about every conceivable running cost other than fuel — such as road tax, insurance, maintenance,…