The subscription economy is here to stay. With changing consumer priorities in today’s evolving digital landscape, businesses need to align their objectives with customer needs or else they risk being forgotten.

Car subscription is fast making inroads to mainstream because of a number of associated benefits. With this blog, we cover different facets of car subscription and why it is the next big thing in subscription economy.

Car subscription takes guesswork out of car ownership; giving one complete power to choose desired vehicle for as long as he continues to pay recurring fee for the right to use the service. This makes a lot of sense.

Upgrade or downgrade – With a subscription, you can steer your own preferences. You can order your desired vehicles based on occasions and intent and thereby control expenses as and when required.   

Access to different cars – The car subscription allows one to access different types of cars for different types of requirements. For example; you can use a luxury sedan for a long family trip and an SUV for camping tour.

Reduced liabilities and undertakings – This is an excellent benefit. As a user, you need no need to worry about maintenance, service, insurance etc. The subscription comes with many in-built benefits that allow one to forget all costly undertakings.

Easy access – As a subscriber, one can easily choose between the cars, place an order and pay for the services used – all of these and more quickly, at the tap of a finger. Many providers are offering applications accessible on hand-held devices that give one the opportunity to get their car delivered to their locations.

The world has enough cars, each contributing to an ailing earth. When pollution is high, opting for an already available car makes sense than buying an entirely new one.

When you lease a car, you need to pay for cancellation. With subscription economy, you are not required to pay any added fee to cancel and reinstate the subscription.

The monthly fee is usually all-inclusive – from insurance to regular servicing cost; everything is included.

Models –

Challenges –

Car subscription is booming, but it has some shortcomings. The subscription comes at a hefty price for the fleet of luxury cars. Certain challenges such as dealing with the traffic and seeking parking space are unavoidable.

About SubEcob

SubEcob is a Cloud-based monetization platform to simplify subscription business, Quote to order, Up-sell, Down-sell, Recurring Bill & revenue, Subscriber Life-cycle management, Analytics & Reporting from one single platform Subecob empowers companies from any industry seamlessly migrate into a subscription business using a fully-functional cloud-based software platform. It frees companies to develop their own Subscription Billing and back-end systems to handle ongoing subscription-based / Recurring Billing, Revenues & payments. As a result, companies achieve real-time simplicity in the management of customer subscription and payments from a single point