Flexibility and financial concerns driving interest in car rentals
Interest rates and raw material prices are causing car prices to rise
Many cannot afford to buy a depreciating asset and are turning to rentals instead
Shift towards investing in appreciating assets
More people are investing in appreciating assets like bigger houses instead of cars
Homeownership boom has led to people wanting to maintain a healthier debt to salary ratio
Carasti offers a solution for those who want to drive a nicer car without buying it.
Car rental companies generally do not offer nicer cars at reasonable prices.
Carasti targets consumers who want to upgrade to a nicer car.
The majority of Carasti customers are Asian, followed by European and GCC Levant.
Carasti customers are mainly existing residents of Dubai however it is a great solution for people who just move to the city as no credit checks are required.
Renting or subscribing to a car through Carasti is a safer option than buying.
Quick and easy car solutions for new residents in Russia
New residents in Russia are looking for fast solutions to get a car without bank approvals.
Currency co-founder and CEO explains that their service allows for easy access to a car as long as payment can be made.
The interview is about car sales during Ramadan and the trend of renting rather than owning a car. The interviewer speaks with Claudio Esposito, co-founder and CEO of Carasti, a car subscription service that allows customers to access brand new vehicles on a shorter-term basis, without the need for a down payment or residual value risk.
Claudio notes a huge uptick in customers choosing EVs, citing rising petrol prices and the trend towards EV adoption as driving factors. He notes that subscribing to an EV is a better option than owning one because technology is evolving so fast that a car bought today is likely to become obsolete in 18 to 24 months.
Additionally, renting offers flexibility and allows customers to allocate their funds towards other investments, such as home ownership, rather than a depreciating asset like a car.
They discuss the increase in demand for electric vehicles (EVs) and the impact this may have on the auto industry, including the depreciation of traditional petrol-powered cars. Claudio also explains the benefits of subscribing to a car rather than purchasing one outright, including access to brand new vehicles on a shorter term with no residual value risk.
This is due to the advancement and adoption of technology at unexpected rates which makes Carasti an early adopter and pioneer in the changing dynamics of the auto industry.
Formerly known as Carzuno, we're excited to start this new journey with you. While our name may
be changing, rest assured, our commitment remains the same. In fact, these changes are designed
to enhance your experience further. Click 'Discover More' to learn about Carzuno transformation.