Car Tech 101: Car subscriptions cost a fortune, here's why

June 6, 2019

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:

Short terms:
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.

Package pricing:
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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Comments

Paul A
June 8, 2019
Sounds like to me – the car industry wants a piece of the subscription pie that ridesharing is already going to dominate in the coming years. I honestly think that once ridesharing becomes more widely available… the ill be ordering my ride to work. And even those apps with a flat rate of 10-15 bucks a month. Sorry millennials are hardly making enough to get a ride to work, let alone spend XXX dollars to swap out a car every once in a while. These subscription services are good for the retired and bored with those deep… and I mean DEEP retirement packages where 3k a month is 30 dollars a month.
Kevin Davis
June 8, 2019
When Porsche kicked off their program in Atlanta I saw a similar program by BMW in Nashville on another of your videos. Is that still a thing?
Husker Nation
June 8, 2019
What about sales tax when going to DMV? I couldn't imagine paying all those sales taxes Everytime I get into a newer vehicle.
Alex Reyna
June 9, 2019
Park place dealerships also have this. It’s called Park place select.. they do unlimited flips! And only month by month commitment… have a variety of luxury makes and models including McLeran.
Magnets Travel
June 9, 2019
Subscription! They are flop, Care by Volvo is realistic. The only subscription I believe in is , Electric cars, Car on Leases/Loan/Cash & Battery on subscription. .
Alex F
June 10, 2019
Feels like a complete scam.
bekim Dushullovci
June 10, 2019
Rent car with different name more experience 😂😂
Boots N Pants
June 10, 2019
Millenials dont like to spend money buying things?
LMAOOO, its the boomers driving the same cars for 15+ years cuz they hate spending their money…..
Fabian Gandara
June 22, 2019
Personally as a “millennial” I can see why they think this would be popular but there is still a lot of pride with owning a car with your name on the title and the ability to customize and modify your car is still very popular as well.
Anonymous
August 22, 2019
Why rely exclusively on autonomous vehicles to travel? You loose freedom because now you'll always have to wait on a vehicle to arrive. And when that vehicle does show up, who knows who it what was sitting in that car before you?
still34u
August 29, 2019
Well, just the other day I did an event in an advanced technology building at a certain college campus, there was a big poster in the elevator that 85% of graduates find an employment for an average wage of $39k a year within the first year after school. Now this is not the cheapest area with rents around $1500 for a two bedroom unit. so you're left with $21k after just rent, go for groceries, bills, and.. you know.. life… and you're left with maybe five grand a year to spend on a car. With a five year payment plan and APR of 20% (Yes there are people taking these loans) that means you can buy a car for around $12k and might have enough left over for insurance, or gas.
In other words, it's not that milenials don't want to buy cars, we simply can't afford it.
vman78vk
September 9, 2019
80% of people never had a Porsche, Shocking huh? I believe its true, but if Porsche wants more customers, maybe sell their vehicles at affordable prices ??? Not starting at over 60k for base models.
sadman hoque
April 10, 2020
I wouldn't mind a subscription of cheap Toyotas for ~500 a month
Adrian Ortiz
May 24, 2020
It's not that Millenials don't like to buy things.. its the fact that we don't have any money!!
ayasaki kazuma
June 17, 2020
So you just rent it not own it
Aiden Ortega
July 29, 2020
Subscription services for cars that you paid TOP DOLLAR for to OWN COMPETELY, ALL OF ITS FEATURES AND ALL is fucking atrociously retarded.
animus advertere
August 8, 2020
Great, but how much does it cost compare to ownership (including depreciation, insurance, maintenance, financing, etc.)?
magellanmax
September 7, 2020
This is not a bad service if you're in-between cars and don't wanna be rushed into buying a new car or you can use it to try out a model you're thinking of buying without a big commitment.
Al13n1nV8D3R
September 22, 2020
This reminds me of the time when you sign a 2 year contract and get a free phone, then the phone companies wised up and force people to pay a monthly fee and buy it outright after 2 years and in some cases also offer subscription services for phones. And somehow dumb people think this is a better idea than a free phone with contract model.
Now cars are doing the same thing and more stupid people will buy into this nonsense.
sidharth chand
November 29, 2020
I’ll only subscribe to a car service if the Asian girl at the 350 mark comes with it