There are a lot of misconceptions about the idea of car subscriptions, ranging from the mundane (it's expensive!) to the outrageous (they won't let me just return the car at the end of the lease!). In India, car subscription is a new concept, thus the confusion surrounding it. The moment you become familiar with it, though, it reveals itself as the smartest way to have a car.
We can only speak for ourselves, so we're here to bust some common myths about car subscriptions based on what we offer you on Quiklyz.
1. Subscribing to a car is more expensive than buying 🙄
It's natural to want to upgrade to a new car every few years, especially because the older your car gets, the more you pay out to maintain it. This is where subscribing to a car becomes a cheaper alternative. Along with your monthly subscription fees being lower than a car loan EMI, you also avoid all uncertain and hidden costs that come with owning, including insurance, maintenance and repair. Additionally, buying a car involves saving up for a large down payment upfront, which subscribing to a car doesn't 😎.
2. You won't get a car of your choice 😆
Car subscription platforms offer a wide range of vehicles. On Quiklyz, you can choose from hatchbacks, sedans, compact SUVs, SUVs, and MUVs from various manufacturers in every imaginable make and model in every available colour. 💙 It's like getting your car from the OEM itself, minus the hassles. Even better, if you happen to want a car we don't have, you can let us know, and we'll do everything we can to make it available.
3. Beware of the hidden fees
The words "leasing", "rental", and "subscription" might make you wonder about hidden fees and surprise charges. 😯 The reality is far from that; all the terms, conditions, and costs are clearly outlined in your subscription agreement. You choose your plan, and after putting down a nominal security deposit when you book your car, all you need to pay is a fixed monthly fee. Your agreement provides you with an extensive number of kilometers to drive, and there are barely any restrictions on how you can use the car. Unlike traditional car ownership, subscribing to a car actually has fewer surprise costs.
4. Ending a car subscription is difficult
No way! It's as easy as ending any other subscription – rented furniture, gym equipment or even an online paper. 😂 At the end of your subscription period, you have three options: you can buy the car, you can renew your subscription, or you can return the car and simply walk away. And you don't even have to worry about all sorts of charges for nicks and scratches. We understand that driving the car will lead to wear and tear. Normal wear and tear are totally acceptable. It is only damage beyond this normal wear for which you may be liable – and any true car lover wouldn't let their precious beast come to any harm anyway. 😍
5. A leased car is not your own car
We understand why this concern arises. However, when you subscribe to a car on Quiklyz, the car is registered in your name (the RC shows that) and comes with a white number plate. Subscribing to a car on Quiklyz is equal to owning a car. Plus, there's really no limit on how you can use the car, which traditional car subscription services or long-term car rental services don't offer.
6. Car subscription platforms are too new to be trusted 🤐
Yet another reason why you're going to be a fan of Quiklyz. 💙 Quiklyz comes to you from the house of Mahindra Finance, a subsidiary of the renowned Mahindra Group. So not only do you get all the convenience, speed, and choice of a fully digital car subscription platform on Quiklyz, you also get the comfort of the quintessential Mahindra experience and expertise and access to our wide network.
Since we've said it so many times already, once more probably won't hurt. Subscribing to a car on Quiklyz is the new and improved way to get your dream car. A single monthly fee covers all your ownership costs; the taxing work of maintaining the car is done by someone else, and you can switch to a brand-new car every few years. The reason it sounds too good to be true is because it's new. But that's never stopped you before, has it?
