A new entrant to the mobility sector has launched a car subscription service in what the company believes to be a “UK first”.

The online-based company, launched this year, has said that it hopes to remove current “pain points” in the industry associated with the normal car buying and ownership process, such as lengthy purchase agreements and servicing costs.

Chief executive and founder, Toby Kernon, believes that cars should be a service and not a burden, and created Wagonex to eliminate yearly purchasing options that tie consumers finanically. 

London-based Wagonex offers an alternative to ownership with a monthly membership subscription service, in bids to elimiate long payment plans and additional costs.  

The process works in seven steps, they are as follows: 

1. Browse the online offering of a range of vehicles 
2. Sign up with an email address
3. Chose from a range of models, fuel types and brands
4. Agree to DVSA checks 
5. Chose payment method and monthy subscription type
6. Chose delivery or collection of the vehicle
7. Switch cars whenever you chose to (subject to availability)

A spokesperson for Wagonex said: “The pay monthly subscription fee will cover everything but the petrol.

“Sign up, choose a car, wait for personal checks to be made, and once approved you can pay and arrange to collect or for it to be delivered.”

Current offerings include Volkswagen, Audi, Skoda and Volvo. The availability of luxury and premium brands such as Aston Martin and BMW is yet to be confirmed.