What is a vehicle subscription?
Today’s post is by Troy Lowe; Vice President of Development at SafeSourcing.
Did you know that there is a fairly new option when it comes to procuring a vehicle? We all know that buying and leasing are available options, but now there are also vehicle subscription services. With these services you basically pay a monthly fee that gives you access to different models of vehicles. The fee includes all the major expenses such as insurance, maintenance and roadside assistance. During the subscription period you can switch out vehicles so you’re not always driving the same type of vehicle. Maybe you want a sedan as primary car for your day-to-day driving and decide you want to swap it out for an SUV for a family vacation. The subscription services are utilized via an app on your smartphone. When you want to swap a vehicle connect using the app, choose the vehicle and a concierge service will deliver the vehicle to you. Unlike buying and leasing a subscription may be cancelled or reinstated at any time with no additional fees. As of now, there are only a handful of manufacturers offering the new option and it will cost you more than leasing and buying. However, there are other manufactures that will be making subscriptions an option later this year and in 2019. Below are some of the benefits of using the new subscription services.
- Flexible payment plans
- Use of different vehicles
- Vehicles are delivered via concierge service
- Roadside service included
- Insurance is included
- Maintenance included
- Easy cancellation
If you would like some help finding the right solution, we can gather all the necessary information for you and help you decide which device will meet your needs. If you would like more information on how SafeSourcing can help you, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.
We look forward to your comments.