Car Subscription Vs. Ownership - What's better?
I stumbled upon a new concept that seems to be getting popular in India, called 'Car Subscription'. ZoomCar, the company that began its journey by offering cars on rental has launched the 'Car Subscription' concept.
The idea is to lease a car by a minimum tenure of 6-months. The subscriber will have to pay a monthly rental which varies depending upon the car they choose. The subscriptions start at monthly price of Rs. 6000 (~ $90).
The subscription comes with added benefits like no insurance cost, no maintenance costs and 24x7 road assistance.
Do you think subscription model makes more sense than outright purchase of car? Is it something you'd consider in future? Let's discuss.