What is a car subscription?

A car subscription service gives users the freedom and flexibility to drive their favourite car without having to buy it.

With a car subscription, people pay a monthly fee instead of buying one on loan. Car subscribers can use the car as much as they want without having to make a big down payment or spending a lot of money each month. There are no hidden/extra charges. They just have to pay a monthly fee that also covers maintenance, insurance, and roadside assistance.

How does a car subscription work?

People can drive their chosen car as long as they sign up for a car subscription and pay a monthly or annual fee. We take care of all the other costs, such as registration, insurance, maintenance, and road tax.

The tenure of such a subscription plan can be 12, 24, 36, 48 or 60 months depending upon the subscription type i.e. Assured Buyback or Flexi Advantage. When that time is up, the user can either buy the vehicle or upgrade it, depending on their needs and preferences at the time.

Visit the Car Lease Process page to know about the simple hassle-free process of subscribing a car from Quiklyz.

Quiklyz from Mahindra Finance is a digital platform for car subscriptions in India and car leasing in India.

What brands of cars are available with Quiklyz?

You can choose from a range of cars for subscription with Quiklyz. While you choose from the list of the best car brands in India, keep in mind that the 'best car' need to be evaluated keeping your needs in mind.

Here are the most well-known Indian car brands:

• Maruti Suzuki saw the most sales among passenger cars in 2021. In this category, it offers a variety of vehicles, including the Dzire, Baleno, Brezza, Swift, XL6, Ertiga and WagonR

• South Korean automaker Hyundai is one of the largest car companies in India and offers some of the best performing vehicles for Indian consumers.

• Tata Motors is owned by the Tata Group. Some popular cars made by the company are the Tiago, Tigor EV, Punch, Altroz, Nexon, Nexon EV, Harrier and Safari.

• Kia India is backed by the Hyundai Group and mostly makes utility vehicles (MUVs) in India. It is one of the market leaders in that category.

• Mahindra & Mahindra is an Indian car company. It offers eleven car models, including nine SUVs, one MUV, and one compact SUV.

• Toyota is a Japanese multinational car company. In India, it sells twelve car models, including one hatchback, five SUVs, four MUVs, one sedan and It also offers one Pick up truck.

• Honda is another renowned Japanese carmaker. It sells two regular sedans, one small sedan, and one SUV in the Indian market.

• Renault, a French car company, is one of the biggest in the world. The brand is popular in India because of how it looks, what it can do, and how much it costs.

• SAIC Motor Corporation, which is based in China, owns the British car company MG. In India, MG offers five SUVs, three EV (electric vehicle), and one MUV.

Is a car rental better than a car lease?

A car rental might only be used for a short trip. If you are looking for more than occasional usage, a car lease will work out much more cost-effective than a car rental in the long run.

A car lease makes you feel as if it is your own car without having to buy it. A car rental does not create the same sense of ownership since you have to return it soon. So, choose between a car subscription service and a car rental service as per your requirements.