Assured Buyback vs Flexi Advantage
Car ownership in India is undergoing a paradigm shift, especially with newer car subscription models coming into the picture. They have proved to be a flexible and convenient alternative to traditional car ownership. A car subscription offers you the freedom to drive your favourite car without any hassles of insurance, maintenance, hefty upfront costs, or vehicle registration. Moreover, you get to opt for your preferred car brand, model, make, and colour. As car subscription gains traction, it brings with it the choice between Assured Buyback and Flexi Advantage. These options are key to your car subscription journey, significantly impacting your driving experience and financial considerations.
Customers can navigate the world of car subscription by driving on any of the two distinct paths. Let's dive deeper into understanding what these smart subscription models are:
Assured Buyback Car Subscription
Assured Buyback is a subscription model wherein the car's residual value or buyback value is predetermined at the start of the subscription tenure. This means customers know the exact price at which they can buy the car before they even decide to lease it. It is a preferred choice for customers who have their eyes set on owning the leased car after the end of their subscription term.
The advantages of Assured Buyback include a pre-determined buyback value. It gives customers a clear idea of the financial commitment they're entering from the word go. Customers who opt for Assured Buyback know the exact buyback price of the car before signing the lease contract. This makes it easier for them to plan their finances to ultimately buy the car at the end of the subscription term. It is helpful for customers who are looking to invest in the car and retain it beyond the subscription period.
Flexi Advantage Car Subscription
On the other hand, Flexi Advantage is slightly different from Assured Buyback. Instead of setting a fixed buyback value at the beginning, it considers the prevailing market rates to calculate the buyback price at the end of your subscription tenure. This option is preferred by those who may not intend to buy the car they've leased.
Opting for Flexi Advantage often translates into lower monthly subscription costs, making it an ideal choice for budget-conscious customers. It benefits customers who are planning to upgrade or return the car instead of buying it at the end of the subscription tenure. This involves no long-term commitment and offers the flexibility to switch car models frequently. Customers who are uncertain about owning a car in the future could consider opting for Flexi Advantage Plan.
With presence in 23 major cities across India, Quiklyz offers both Assured Buyback and Flexi Advantage plans for customers who want to drive a brand-new car on lease. These plans are tailored to different aspirations and lifestyles of customers. Go explore the roads of Quiklyz's smart subscription plans.
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