5 Subscription Services Ushering New Ownership Models
Traditionally, there have been two ways of owning a vehicle: buying one or leasing one.
Traditionally, there have been two ways of owning a vehicle: buying one or leasing one. But now you can subscribe to one.
Riding on the subscription craze that has engulfed e-commerce for some time (think beauty and lifestyle subscriptions boxes, razor blade subscriptions, and entertainment streaming services), the automotive world is starting to catch up. For the most part, these companies will bundle together access to a car, roadside assistance, maintenance services, and insurance all into one single payment. They also allow people to cancel at any time, making it a convenient service for those disinterested in long-term ownership.
Here are five car subscription services that are introducing the third wave of ownership: