Car Subscription Model | #finance #knowledge #education #car #money #savings #shorts

Car Subscription Model | #finance  #knowledge #education #car #money #savings #shorts

Buying a car involves a lot of things - first things first is the heavy downpayment. Well, you need to have in between Rs 1 lakh to Rs 2 lakh to make a downpayment for a mainstream car and then start the monthly EMIs; not to forget the periodic service, insurance renewals and other miscellaneous charges. So, owning a car is really a task. Of course, you would want to own a car without actually going through so many hassles but is that even possible? Well, in today's scenario, yes, it is. It is possible if you have the option of subscribing to a car.

Disadvantages Of A Car Subscription
Limited Number Of Kilometres
Well, this is just like renting out the car for a day or a few days. Some car subscription companies set a cap to the number of kilometres the car can do in the period it has been with you. This is actually a drawback for some who have high running. There are additional charges incurred if the car crosses the set number of kilometres.

No To Accessories
Rule out the subscription option if you are someone who always customises the car to suit his or her tastes. Even if you have subscribed to the car for 3 years that doesn't change the fact that you are still not the owner of the car. So, modifying the car isn't really on the cards here.
Not Actually Owning The Car
Having a car to your own name is a different feeling and even a status symbol. So, in a country where buying something is considered greater than subscribing, you might miss the feeling of being the actual owner

SubscriptionModel#finance

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