Monday January 21, 2019
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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.

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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.

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Bumpy Road Ahead For Tesla

Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

Electric car and solar panel maker Tesla said Friday it plans to cut its staff by about 7 percent.

“The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an email to employees posted on the company’s website.

He said Tesla Inc. hopes to post a “tiny profit” in the current quarter but that after expanding its workforce by 30 percent last year, it cannot support that size of staff.

Musk said in a tweet in October that Tesla had 45,000 employees. A 7 percent cut would involve laying off about 3,150 people.

Tesla, board
Tesla to lay-off 7% full-time staff amid China dreams. Pixabay

Tesla’s shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.

“Our products are too expensive for most people,” Musk said in the memo to Tesla staff saying the company has to “work harder.”

“Tesla has only been producing cars for about a decade and we’re up against massive, entrenched competitors,” he said.

The company says it delivered over 245,000 electric cars and SUVs last year, nearly as many as all previous years combined. But its 2018 production fell far short of a goal set nearly three years ago of manufacturing 500,000 vehicles for the year. That goal was announced in May of 2016 based on advance orders for its mid-range Model 3, which sells for $44,000.

Also Read: Elon Musk Quotes $1 bn to Build Tunnel Under Australian Mountain Range

Musk said Tesla plans to ramp up production of the Model 3, “as we need to reach more customers who can afford our vehicles.”

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity,” he said in the memo, “but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause.” (VOA)