Ever wondered how enjoyable it would be to drive a new car every few years without dealing with the hassles of owning one permanently? Well, that's the magic of car subscription, an emerging trend in India's automotive industry that has stirred up quite the chatter.
But what does 'car on subscription' mean? How does it work? And most importantly, is it worth it? Let's dive into the world of car subscriptions and answer the top 10 burning questions that you've been itching to ask!
1. What is a car subscription?
The first question that often pops up in our minds is - what exactly does subscribing to a car mean? For a fixed monthly fee, you get to drive a car of your choice while costs like insurance, maintenance and roadside assistance are bundled within a car subscription. Car on subscription plans can range from as short as three months to as long as 48 months, making them not only flexible but also ultraconvenient.
2. How does a car subscription work?
Just like subscribing to your favourite magazine or digital streaming platform, a car subscription works on a pay - as - you - go model. In a monthly car subscription, you pay a fixed monthly charge for driving the car during your chosen tenure. Once your term ends, you simply return the car to the provider. Some plans even offer options to swap between different models or cancel the subscription (subject to terms and penalties).
3. How is a car subscription different from leasing?
Many of you may be wondering how subscribing to a car differs from the more traditional car leasing. Well, let's break it down in this comparison table:
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Car Leasing
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Car Subscription
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Duration
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Long-term (usually years)
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Flexible (from 3 months)
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Costs Covered
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Depreciation and interest only
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Comprehensive (includes insurance, maintenance, roadside assistance)
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Flexibility
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Limited
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High
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While leasing might seem cheaper on the surface, its lack of flexibility and coverage can make it less appealing than a car subscription. Check out the car subscription prices of different companies.
4. Are there mileage restrictions with a 'car on subscription' plan?
With car subscriptions, you get to choose your mileage based on your requirements. If you overshoot your agreed upon mileage limit though, extra charges might apply. Think of it like your mobile data plan - use within limit, no extra cost; go beyond, pay extra!
5. What’s included in a car subscription package?
A car subscription price or package typically comes loaded with benefits:
- Hassle - free process
- Insurance coverage
- Maintenance services
- Roadside assistance
- Tax benefits
- Delivery and pickup from the allotted location
- Transparency in pricing
- Some providers even offer a buyback option
6. Is a down payment required for a car subscription?
In keeping with the convenience factor, most car subscription models don't require any down payment. Just pay your monthly fees and enjoy the monthly car subscription!
7. Can I subscribe to a car in the luxury segment or an electric car?
You can subscribe to a car in the luxury segment. The beauty of a car subscription lies in its versatility! You can choose from a wide range of options including luxury cars, SUVs, and even electric vehicles.
8. Can I change my car during the subscription?
With options galore in most plans, customers are free to swap their cars during their subscription period, subject to the provider's terms and conditions.
9: What documents are required for subscribing to a car?
Car subscriptions truly embody the essence of convenience with minimal paperwork. All you need is your Aadhaar card, driver's license, and proof of income.
10. How do I cancel the car subscription?
Most providers have a cancellation policy in place to cater to unforeseen circumstances. While some may not offer refunds, others might facilitate smoother exits.
Conclusion
Now that we've answered your top 10 inquiries about car subscriptions, it's clear that this trend provides a flexible, hassle-free, and cost - efficient alternative to traditional car ownership. If you want to enjoy the luxury of driving various cars without any long - term commitments or burdensome paperwork, subscribing to a car is the way forward! And if you're thinking of dipping your toes in this revolutionary trend, why not start with Quiklyz? Enjoy personalised car subscription experiences that redefine mobility with Quiklyz.
