Car subscription is a new alternative to buying, leasing or renting a car. Fondly called as the “Netflix of cars”, this new concept has gained momentum with the changing nature of how users look at the various options like car ownership, car hire or vehicle leasing. Over the recent years, across the automotive industry, the car subscription model has been popular. 

Young generations like the Millennials and Gen Z, are increasingly adopting the subscription model including music. They have been accustomed to paying a monthly fee for these services. Car Subscription adds to their convenience and comfort. 

Car subscription involves the payment of an all-inclusive monthly fee to get access to any car you choose. This all-inclusive monthly fee covers insurance, maintenance, car servicing, road assistance & delivery of the vehicle. Car subscription takes the hassle of long term commitment from users. 

Benefits of Car Subscription 

Car subscription services offer a convenient and cost-effective way to access a car. The relatively new car subscription model has many benefits which makes it a perfect alternative for the traditional model of buying cars or car rental. It’s the perfect solution for anyone who can’t afford or is not looking to buy a car or do not want to be dragged into the long term commitments of renting or leasing a car. 

Here is a list of benefits or advantages of subscribing a car

Flexibility

Car subscription is a flexible option for the users. No- long term commitment involved as subscribers can cancel the subscription when they desire. Not just that, but you can swap cars as per your convenience. Your lifestyle and needs might change over a period of time. From a small hatchback you could upgrade to a Mid SUV as your family grows or when you have relatives and friends visiting. 

When the future is uncertain, car subscription gives the flexibility of canceling or swapping as per your needs, making it a most desirable option. 

Monthly Payment

Car subscription entitles you to an all-inclusive monthly payment. This all- inclusive payment makes car subscription an easy and hassle free service. This monthly payment includes insurance, maintenance, car servicing, road assistance & delivery of the vehicle. Sit back and relax while all your needs are taken care of with the car subscription service! 

Digital Assistance

With a monthly fee, you get access to 24/7 customer service and roadside assistance. Also, traditional car rental and car owning involves a lot of cumbersome paperwork and physical signatures. Car subscription takes the hassle out by transforming the entire project to a digital platform, be it an app or a website. 

Swap or Stay

You have the freedom to upgrade, downgrade or switch as per your requirements! From a fuel-efficient daily commute to family activities, from an adventurous road trip to a romantic long drive, car subscription has got your covered! 

Cost Effective Model

Car subscription allows you to save on insurance, maintenance and fuel costs. It cuts down all the costs involved in owning a car like the loans, down payments, and registration fees. Along with the car rental options, you need to make an initial deposit which is also saved when you opt for car subscription. 

Car Subscription vs Car Ownership 

While car ownership is a traditional concept that deals with purchasing a vehicle for commuting, car subscription is one of the latest additions to the automotive industry. Gone are the days when owning a car was of prime importance for the freedom of transportation. With the dynamic society that witnesses changes every now and then, car subscription is an ideal alternative that is not heavy on your budget too. 

Owning a car comes with a lot of financial constraints including bank loans, Equated MonthIy Installment payments, registration fees along with maintenance and repair costs. These costs are incurred by the car subscription company while you sign up to subscribe to a car. As a subscriber, all you have to do is pay a monthly fee. 

Subscribing to a car gives you exceptional flexibility, which is not possible when you buy a car. You can upgrade or swap your car for a better option with the subscription model. Car ownership leaves you with no option, but to stick to the car that you bought. Car subscription takes the hassle of a long term commitment that comes along with car ownership away from you.   

With changing times, the need for owning a car has considerably reduced  and what people are really looking for is a hassle free and convenient way to travel from one place to another in a self-driven car. Car subscription ticks all the boxes in terms of convenience, cost effectiveness, accessibility and hassle free service.