When it comes to buying a new car, many customers find themselves struggling with one thing in particular – and that’s having the cash in place to make a purchase. This is one of the reasons why so many drivers find themselves looking for alternative options and one of the most prominent is a car subscription. In this article, we’ll be taking a closer look at the concept of a vehicle subscription, what it is and how it works.
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What is a Car Subscription?
Consider it like a rental – you pick the car (or cars) that you want to hire and you then agree to subscribe to having access to them for as long as you need. There are several types of options to choose from, with the most popular being all-inclusive car subscriptions which offer a variety of benefits such as insurance coverage, roadside assistance, vehicle maintenance and even the option to return your vehicle and exchange it for another one.
How Do Car Subscriptions Work?
Generally speaking, they work in much the same way as when you might rent any other type of asset, such as a property or even a quad bike for a weekend. The main difference is that with a vehicle subscription, you can define the amount of time that you have access to it and there are even options to modify this time.
You’ll typically define a time frame to borrow the car and there are different plans that can go on for weeks, a month, 3 months, 6 months and a year. If during this time you decide that the car isn’t for you, you should be able to approach the rental agency and discuss your options with them. The more flexible their services, the more likely you’ll be to feel confident in your choice.
Why Do People Subscribe to Car Rentals?
Not everyone can afford a lump sum at once. In other cases, the idea of having a new car to drive every so often can be appealing to many. One of the biggest draws of a car subscription is the fact that you can pay to rent for as long as you need, and without having to take out a loan to do so. Depending on the rental agency, you might find that the car that you were hoping to buy outright that was unaffordable can still be accessible by the option to rent it instead.
When it comes to a car subscription, consider it like paying off a mobile phone contract or a loan on a house – with the main difference usually being that you can terminate, extend, switch, or even modify your agreement at any time. This level of flexibility is what makes subscribing such an appealing factor and as you’ll be able to define the duration of your rental period, you’ll be in complete control of your deal, whilst knowing that should anything go wrong with the car, the agency will likely take care of the requirements. Not only can this be hugely reassuring for a driver, but it can also allow a small transportation business to thrive as their vehicles will always remain available and if ever off-road, they will be able to enjoy a courtesy car to fill in the gap, making this a viable option for people from all walks of life.