Subscription Models help own a brand new car | Fusion - WeRIndia

Subscription Models help own a brand new car

Subscription Models help own a brand new car

Subscription model is one of the popular models in the USA. It is getting popular in India nowadays.

So far, you can have two options to travel in a car either in your own car or in a hired one.

But, now, with the subscription model, you can ‘subscribe’ to your desired car and travel in a brand new one without buying it.

The automobile makers in the country are now bringing this facility to their users to sustain in the market in the downtime.

If you want to buy a brand new car, you have to pay a certain amount as a down payment. If you take a loan to buy a car, you have to pay interest on it.

On the other hand, if you want to make use of a car under the subscription model, you need not pay any down payment even for a brand new car.

You just need to pay a fixed monthly subscription and fuel cost. Insurance, road tax, maintenance etc. would be taken care of by the car companies.

Thus, this model is helpful for consumers to have an experience of getting a car at their early career stage.

Currently, companies like Hyundai, Volkswagen, Nissan and MG Motors are offering these services in metropolitan cities across the county. Mahindra would soon launch its services with Revv.

Currently, the company has an active leasing model. Even Maruti Suzuki and Tata Motors are planning to launch their services.

The subscription model is getting popular due to the ease of ownership. Users can change the vehicle model whenever he or she wants to do so and continue the same subscription.

Volkswagen India is going to offer 200 Polos under the subscription model.

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