Locations: Atlanta, Chicago, Cincinnati, Dallas, Houston, Irvine, Los Angeles, Louisville, Monterey, Nashville, Paramus, Philadelphia, Phoenix, Sacramento, San Diego, San Francisco, San JoseĬars: 911, Boxster, Cayenne, Cayman, Macan, Panamera, Taycan The electric Taycan (in base and 4S trims) is available but charging is extra, even at the Volkswagen-funded Electrify America stations. But the loans are flexible from just one day to an entire month, and subscribers can keep a single car for up to three months at a time. Unsurprisingly, Porsche‘s program is very pricey. Which Automakers Offer Car Subscription Services?įrom the Macan SUV to the almighty 911 sports car, this is a great way to experience one or several of Stuttgart’s best cars. For those who hate commitment and are willing to pay more for the associated perks, a car subscription is worth considering. Insurance and maintenance costs also are included. The downside is that the lessee is on the hook for insurance, maintenance and repairs for the duration of the lease.Ī car subscription service is similar to a lease only in the sense that there’s no personal ownership, but terms are generally far shorter and more flexible. The terms are typically shorter in duration and allow drivers to move into a new vehicle every few years while sidestepping the hassle of selling or trading their current vehicle. Leasing also is an attractive option for drivers uninterested in entering a long-term loan agreement. Although it generally requires a down payment, the monthly payment is usually lower compared with financing the same vehicle through conventional means. Leasing has grown in popularity over the last few decades for several reasons. A few startups and major rental companies are still in the business with competitive terms.Ĭar Subscription vs. Porsche has the allure of coveted and highly valuable sports cars, while Volvo keeps prices and terms comparable to its leases. Only Porsche and Volvo continue to offer factory subscriptions. That doesn’t mean subscriptions are totally dead. Car buyers have chosen to finance and lease, just like always. The automakers (Ford, Lincoln, Lexus, Cadillac, Chevrolet, Buick, GMC, BMW, Mercedes-Benz, Audi) couldn’t grow them beyond a few select cities due to lack of customer demand and the limited capacity of their vendors that were managing the vehicle fleets and the services. Starting a subscription, some of which crested more than $1,000 per month, became cost-prohibitive in a matter of weeks when compared to leasing. The math didn’t add up for most car-shoppers. In the past five years, no fewer than 10 automakers started and quietly shut down their subscriptions. If a car subscription sounds expensive, it is. They include insurance, maintenance, fees and even the freedom to swap cars. How does a new Porsche every month sound? What about leasing a new Tesla for just a few months? Car subscription services offer premium vehicles for a monthly fee without committing to a lease or getting stuck with a long-term rental.
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