Car Tech 101: Car subscriptions cost a fortune, here's why | Cooley On Cars
Instead of driving one Porsche, Audi or Cadillac, drive them all! Car subscriptions have had a faltering start, but are probing the future of car ownership and even autonomy. Read more on this from Brian Cooley – https://roadshow.co/rChL7t
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Car subscriptions are a new kind of rental/lease hybrid, with more bells and whistles. They can be offered by carmakers, dealers or startups. They’re innovative in three main ways:
Many plans are month to month, so you don’t have to make a long commitment to either financial arrangement or specific car you may want to change months of even days from now.
Choice of cars:
What you really want is an SUV for family trips, a sports car for those occasional weekends, and an econobox for those utilitarian slogs to work. That’s a lot of cars. With some subscriptions, you can have all of those cars, just one at a time.
The car(s), maintenance, insurance, taxes, and roadside assistance are usually rolled into one price. About all you pay for is gas, parking and, in some plans, excess mileage.
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