Car Subscriptions? What Are We Talking About?

Happy Car LogoIs this what the world is coming to these days? I mean, this seems so ridiculous to me, it’s worse than a car lease! You pay anywhere from $600 to $3,000 or more per month for a car and after your 24 month contract is up, you don’t own anything! Plus, unlike a car lease, there will be no option to buy the car when the contract ends, even if you wanted to! This new scam … I mean, scheme is called a car “subscription plan” modeled after the way cell phone companies handle their cell phone plans and customers (Yep, you read that right). It appears that Volvo, Porsche, Cadillac, Audi, Ford and more companies are trying to get in on the act. One big difference that I should note here is that, unlike a lease, this new “subscription” plan covers your insurance and maintenance as well. This seems like you have no control over just about anything, and heaven forbid if you scratch it or go over your miles per month limit! It all sounds good, but really, isn’t this kind of like throwing your money away when you can buy a car or truck and actually own the damn thing when you are done?? Maybe it’s just me, I don’t know.

If you don’t believe me or if you want to learn more, check out the link to the original article.