The rise of Uber and Lyft was just the start of the rideshare revolution.
In this article, well discuss:
What Are Car Subscription Services?
Car subscription services fit somewhere in between leasing and short-term car rentals.
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Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
Though subscription services vary, the fee is typically all-inclusive.
Third-party service Borrow, which provides electric vehicles in Southern California, is currently expanding its program.
Prices for car subscription services can vary greatly.
But that doesnt mean all car subscription services are expensive.
Some automakers, like Nissan, have instead focused on cheaper subscription services for used vehicles.
And other non-automaker-affiliated startups have created their own models that work in various cities.
These car subscription services have some variations in how you pay.
*All prices included in this article were accurate as of March 6, 2023.
Pricing frequently changes in the market, so like confirm all pricing on each companys website.
Is a Car Subscription Service Right for You?
So can going with a car subscription service actually save you money?
In most cases, probably not.
To demonstrate, lets imagine a scenario with Sixt+.
Theres also a sign-up fee of $199.
So what if you were to buy a Nissan Sentra from the dealership?
So if you finance a Nissan Sentra over three years, it would cost you $31,764.
Depending on how well youve taken care of the vehicle, you could getmuchmore than $7,353 for it.
However, automaker-agnostic services have come and gone frequently over the last several years.
On the other hand, automakers have a lot more financial power behind them than the indies do.
The Best Third-Party Car Subscription Services
1.
Drive Flow
We likeDrive Flowbecause of its tiers.
The plans include roadside assistance, car washes and details, maintenance, insurance, a concierge the works.
Contributor Timothy Moore is a personal finance writer and editor.
Find his work on Forbes, USA Today, Chime, SoFi and Insider.
Hes also the managing editor for a print magazine.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
