Hyundai Motor UK has rolled out a monthly subscription service for its line-up of hybrid, plug-in hybrid and fully electric car models.
Labelled Mocean, subscriptions on the platform start from £339 per month, with the fee covering all motoring costs. Netflix-style subscription models are becoming increasingly popular in the car market as they offer a more flexible model of car ownership suited to changing circumstances.
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Ashley Andrew, managing director at Hyundai Motor UK, said: “We’re excited to launch Mocean here in the UK, giving us the opportunity to bring Hyundai’s range of advanced electrified vehicles to an entirely new type of customer. For those that a traditional PCP or HP agreement simply doesn’t suit, or for those that want the simplicity of one monthly payment and the flexibility of a one-month cancellation period, Mocean delivers.
“For us, this new innovation marks the beginning of a journey from car manufacturer to mobility service provider, finding new and innovative ways to help enrich our customers’ lives.”
Mocean customers can pick from Hyundai’s range of electric vehicles, including a number of different crossovers, SUVs and superminis as well as fully electric models like the KONA Electric.
The service has been designed so customers can order a car entirely online and have it sent to them within days if they choose to. They can also pick it up at a Hyundai dealer. The monthly subscription fee covers insurance, roadside assistance, road tax, and maintenance and repairs at authorised Hyundai dealers.
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By GlobalDataCustomers can also opt to change their vehicle every six months to adapt to changes in lifestyle if they need to. The service can be cancelled with one month’s notice.
The Mocean service will initially launch in Greater London this month but will be quickly rolled out to several other major UK cities throughout the year.
