Friday September 20, 2019
Home Lead Story Car Subscript...

Car Subscription – An Alternative to Buying a Car

ZAP’s car subscription is even more unique as it allows subscribers to rent out their cars on the Zoomcar platform and earn more money.

0
//
waymo, driverless car
The main highlight of a car subscription remains the no down payment clause. VOA

The dream of buying a car has many obstacles nowadays. The financing leads to a liability that lasts for years and rising new car prices ensure that this situation will not change. At the same time, the cars are getting better and public transport remains stagnant. Owning a car opens up all the freedom and mobility in the world and is a lifestyle upgrade that cannot be ignored. So how does one aspire to get a car while also maintaining some economic stability? Based on the shared economy principles, Zoomcar Associate Program or ZAP’s car subscription allows interested customers to enjoy all the privileges of owning a car – by just paying a flat monthly fee. Learn more about this option that thousands across India are enjoying.

Total Convenience and the Cost-Saving Virtues of Car Subscription

So why are people starting to consider car subscription as a serious option? One of the reasons is the effortless relationship that one has with the vehicle. Those who subscribe a car with ZAP do not have to worry about the car maintenance at all. That is a lot of money saved in the long run. A servicing request can be facilitated on the app and a team of mechanics will come pick the car up and return it once the job is done. In addition, car subscription also takes care of the insurance costs – subscribers do not have to spend a single rupee there.

Cars
Choose from multiple payment options

Of course, the main highlight of a car subscription remains the no down payment clause. Down payments can amount to a large chunk of money, depending on the car model and other finance factors. A few lakhs in the pocket makes a huge difference. Car subscriptions allow customers to invest their money somewhere else and improve their personal finances rather than give away their savings for a car.

The Time Factor

A car subscription is perfectly suited for those are in the city for just a short term. They can enjoy owning a car without having to buy one and when they are done with their stint, getting rid of the car is a simple process. This is because ZAP’s car subscription comes in different tenures. The shortest is six months and it can go up to two or three years too.

This flexibility in subscription tenures also allows people to change their cars more often. From hatchbacks to sedans and SUVs, they get to choose from the best models that are available currently on Indian roads.

Cars
Sharing helps in saving the monthly rent fee

Subscribe and Earn

ZAP’s car subscription is even more unique as it allows subscribers to rent out their cars on the Zoomcar platform and earn more money. This makes a lot of sense as there will be times when the car is not being used. Rather than have it sit idle, the car subscriber can share it with others for something in return. One can save up to 70% of their monthly fees by using this exclusive feature.

Also Read: Benefits of Buying Car Insurance in Dubai

The car subscription model takes care of all the concerns that one may have. It allows individuals and families to save more money while they also get to relish the pleasures of having an independent and private transport. Consider a subscription now.

Next Story

High Import Duties Keeping Tesla off Indian Roads, Says Elon Musk

Tesla was expected to enter India with the Model 3 that sells for nearly $35,000

0
Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Breaking silence over his India plans, Tesla CEO Elon Musk has blamed high import duties on electric cars for blocking the entry of Tesla vehicles in the country.

India has taken a slew of measures to promote the use of electric cars in the country. It recently slashed Goods and services tax (GST) on electric vehicles to five per cent from earlier 12 per cent but to protect domestic automakers, it levies 125 per cent duty on imported vehicles.

“I’m told import duties are extremely high (up to 100 per cent), even for electric cars. This would make our cars unaffordable,” Musk said late Thursday while responding to a tweet from an Indian follower.

Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its meeting last month cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent, effective August 1, 2019.

The council has also slashed rate for EV chargers from 18 per cent to 5 per cent, making electric vehicle affordable for the buyers.

The twin rate cuts are set to further boost the EV sector. The Budget on July 5 had proposed Income Tax deduction of Rs 1.5 lakh on the interest paid on the loans taken to purchase electric vehicles.

This is a major push to the electric vehicles which has so far seen lukewarm response due to high ownership cost and insufficient infrastructure in the country. Not surprisingly, the share of electric vehicles out of total annual vehicle sales in the country is less than 1 per cent.

Electric car problems
Jeff Solie plugs in his electric car Tesla sedan at his home, in New Berlin, Wis., July 13, 2017. Electric cars are seeing growing support around the world. But there’s a problem: There aren’t enough places to plug those cars in. VOA

However, the Modi government is committed to transform the transport sector by promoting the use of green cars and bikes.

Musk, who has been trying to come to India for the past couple of years, told a visiting group of IIT Madras students last month that Tesla may run on Indian roads in 2020.

Musk tweeted in March this year that he would love to be in India in 2019 or next year.

Also Read: Snapchat Rolls out a New Feature on its Platform

“Would love to be there this year. If not, definitely next! India,” Musk tweeted. He blamed government policies, including FDI norms, for giving up on his India dreams.

Earlier this year, Tesla’s Indian-origin Chief Financial Officer Deepak Ahuja announced his retirement from the firm, bringing Musk’s India dream to a halt again.

Tesla was expected to enter India with the Model 3 that sells for nearly $35,000. (IANS)