Posted on 06/21/2021 5:54:40 PM PDT by RomanSoldier19
subscription... we used to call it leasing or a rental
1965, 1979, 1981, 1982 and all of them but one a manual.
“The subscription model is based on the proposition that cars are underutilized if the are only used 10% of the time. If the people who want to use cars all want to use them at the same time, it does nothing to spread out the use of the cars.”
You have the wrong idea about the subscription model.
Each subscriber has his own car at his home available 24/7.
“But if I don’t need a car why does farmer John need a car. I mean, all my food comes from Whole Foods.”
You will. But the next generation is different. They are used to buying things on a subscription basis, and will willingly buy into the “transportation as a service” model.
That’s the oldest profession in fact. The original “as a service” business model.
People accept e-powered vehicles now and hot rodders and inventors have been playing with the tech, making e-powered things go faster, farther and pretty much anywhere air, land and sea.
It will keep getting better and better and much less expensive, and no one will need a middle man to have what they want or have it how they want it.
We love the freedom to move about whenever and wherever we want to go and we love our toys!
When the first cheap and amazing, lightweight, new-tech batteries hit the market, cars and many other things will become very popular things to own.
So Stupid. Drive requires a minimum of $999 a month plus a one time $750 fee for setup in order to drive a car. That is the minimum. I have three cars & three drivers in my home. I suppose I could live with 2 cars, but $1,000 A MONTH PER VEHICLE BUYS A LOT OF USED CAR!
A company that has 10 subscribers & adds 7 grows 70% & still loses a fortune.
That’s a big part of Tesla’s “self driving” push: when you don’t need your car (90% of the time), tap Robotaxi on your phone and lease it out with no effort.
That is such bunk. I lease a car because I got a great deal, I have a 2020 CX30 Mazda for $139 a month. If anything goes wrong they fix it, it’s their car. Headlights on a car like that cost $1500 each to replace for instance.
There are two emerging economies in America. The city crowd for whom this might make sense (they often use mass transit and not a car) AND the rest of us in flyover country who use a car every day.
When you look at insurance and the price of a parking spot in many metropolitan areas this might be an attractive option for the person who does not use a car daily.
To me this is similar to the rental RV business. Why should I buy an RV for 50k when I might use it two weeks a year at most? I will pay for it every month (insurance) and for those who live in a subdivision in the burbs they often have to store it next to their house or pay to keep it in secured storage. Does not make much sense really when you sit down and look at it. I bet 3/4 or more of people who buy RV’s don’t use it enough to break even and the rental RV is a much wiser choice. On top of that, you don’t have a depreciating asset!
If they would only do the same thing for boats! :)
“If you have the same car 24/7, I would call it a lease or a rental, and is mainly different from outright ownership in terms of higher cost over time.”
What is the difference between leasing and buying? Almost zilch.
Leases don’t include any insurance. Rentals don’t include liability insurance.
Yah, so someone takes your car and uses it to transport drugs.
You forfeit the car, and get in hot water, right?
“That is such bunk. I lease a car because I got a great deal, I have a 2020 CX30 Mazda for $139 a month. If anything goes wrong they fix it, it’s their car.”
That is included in the new car warranty.
I bet if you run the headlight into a pole you will be footing the bill.
You can't afford the one you want? /runs for exit, ducking for cover>
(Probably internet fake / urban legend)
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