In the 21st century, car buyers have multiple options for bringing a car home. Looking at the current trend, one can figure out the popularity of the car subscription model in India. Car subscription plans are slowly capturing the Indian automobile market by providing a much smarter way to own a car. Customers are fascinated by the feature of having a car ownership experience without actually buying the car. This has disrupted the traditional automobile segment with its completely different take.
From luxury cars to utility vehicles, you can find your preferred car via a subscription model. Several platforms have come up with subscription plans for customers who want to own a car without any of the hassles that come with car ownership. Let’s see the benefits of these car subscription plans in India:
A car subscription is the easiest way to have a car at your doorstep without any hassle. There is no tedious paperwork or formalities required to start a subscription plan. You can enjoy a smooth car driving experience without thinking about the insurance costs, road taxes, or any other nuances of owning a car. Furthermore, after completing the tenure, you can return the car, which eliminates the hassle of car resale.
A car subscription plan is a much better option for those who don’t have time to take the car to the service centre or feel burdened to get a faulty spare part changed.
When you buy a car, you are restricted by your budget, but a subscription plan allows you to explore more options. You can rent a car that may not have been in your budget earlier. A nominal monthly subscription fee makes it possible to drive a fancy car. You can choose according to your current needs and upgrade later. From SUVs to hatchbacks, you have multiple options to choose from. A car subscription plan allows you to choose a shorter or longer tenure. You can renew the plan after the subscription period is over.
The actual cost of car ownership is much more than what you pay at the time of purchase. Fuel costs, maintenance, road tax, and all other expenses that are incurred over time are not covered. With a car subscription plan, you are free from any additional charges. Most of the car subscription plans have all-inclusive monthly charges. This means you don’t have to pay in the case of a car breakdown or spare part change.
If you are someone with a transferrable job who needs to move frequently between different cities, buying a car may not be a good option for you. You can opt for a subscription-based service where you pay for a limited tenure until your subscription plan is active. For instance, if you take a car subscription plan in Bangalore for 12 months and move to Delhi after the tenure is completed, you can simply return the car without any hassle. Of course, you can always get a new subscription plan in the destination city. This option has made it easy for those who constantly move from one place to the other due to their employment contracts.
Nominal Monthly Fees
One of the best features of a subscription-based plan is nominal monthly fees. This simplifies the process of car ownership. You can get a car in a few simple steps. Just register, subscribe, and drive your desired car by paying a fixed monthly fee. Automobile platforms are providing multiple tenure options, allowing you to opt for a short-term or long-term plan. You may save some extra costs by choosing a longer subscription scheme.
It is a matter of choice whether to go for a subscription plan or buy a new car. Choose what suits your needs and usage. However, it is an undeniable fact that subscription-based models are going to be big in the Indian automobile industry.