This age of technology surprises us daily. We have phones that unlock by scanning fingerprints, food delivering to our doorsteps, and what is not possible anymore?
We now have car subscription services that thankfully are making things a lot easier for us. Just sign up, avail the service, and cancel it whenever you feel like. You can now subscribe to your new car directly from auto manufacturers or from car subscription service providers.
Traditionally, when someone didn’t own a car, they’d have to buy a new one or a used model, borrow it from a friend or lease a vehicle. Purchasing a vehicle is not always an option, and leasing one comes with a lot of considerations such as usage time, how many miles can one drive it in one day, and what kind of insurance will you have. In short, there was not much flexibility.
Pros and Cons of a Car Subscription service
Like all services, car subscription also has a few pros and cons.
Let’s start with the pros
There is no long-term commitment to the vehicle involved. This is probably the most significant advantage of a car subscription service. You drive the car around and simply return it back and never have to care for it again.
You might have already heard about car subscription with insurance which means that the insurance and maintenance of the vehicle is already covered by the car subscription company. This allows the car renter to have peace of mind in terms of facing an accident.
Swap The Vehicle
Another major advantage of a car subscription service is the ability to swap your ride. This feature is not available on all car subscription services. But some will take a small fee and will swap you ride within a short period.
Car subscription is way more expensive than your monthly payments on your used vehicle. Of course, this is due to the insurance and the condition of the car provided. Still, it is considered to be very expensive.
There is not much variety in terms of the vehicles to choose from, and you are only left with a few choices compared to what you are offered while renting, leasing or buying a vehicle.
If you ever go beyond your mileage limit, you will be charged with a steep fee. This shows that the subscription plans are not so flexible and can sometimes make a massive dent in your budget.