Depreciation, Insurance and Fees: Why People Choose Subscription

There’s no better feeling than getting into a brand new car. From the smell of fresh leather seats to the feel of the engine as you turn the key, there’s no denying that there’s something quite special about a luxurious new car and the way it makes you feel. However, luxurious new cars come with a pretty heavy price tag, and it’s no secret that buying a car isn’t cheap.

Firstly, there’s the cost of the car itself, which is usually upfront or through monthly payments. Then, there are the other ongoing costs of owning a car, including regular maintenance and repairs, insurance, roadside assistance, parking and fuel. When you add it all up, it’s a pretty expensive ordeal – and it’s no surprise that people across Dubai are looking for less expensive alternatives to car ownership.

There are huge benefits to renting instead of buying – but at Carasti, we understand that some people are still fairly new to the idea of subscribing to a car on a monthly basis. If you’re still not sure which option is right for you, below we take a look at why more and more people are choosing to rent instead of buy.

Buying a new car is expensive

This is an obvious one, but purchasing a car is far more expensive than renting or subscribing to one. In fact, if you’re looking to drive one of the latest and greatest models, you’ll find yourself having to part with a whole lot of cash, as shiny brand-new cars are far from cheap. Many people find themselves having to take out hefty loans to cover the costs of a brand new vehicle which can take years to pay off.

However, using a car subscription app like Carasti gives you unlimited access to a huge range of luxurious cars without a hefty price tag. Lots of people are choosing to rent their next car instead of buying one simply because of the huge amounts of money they can save – you can drive away a stunning new vehicle for one all-inclusive monthly cost.

A new car depreciates the second you drive it away

Very few items depreciate faster than cars. Over time, some items increase in value, but unfortunately, a car is not one of those things – in fact, new vehicles are said to lose up to 20% of their value as soon as you drive them away. This is mainly because new and improved cars are constantly being produced and becoming available, and general wear and tear can contribute to the loss of original characteristics.

For many buyers, this quick depreciation rate results in lost money for not much in return – essentially, a car is a huge investment that doesn’t really give back. When you’re ready to sell a car on or replace it, it’s worth significantly less than what you originally paid, and therefore you’re suffering a loss.

When you rent a car or use a car subscription app, you don’t have to worry about vehicle depreciation. You can enjoy a new car equipped with the latest entertainment and safety features, without having to worry about the history of the vehicle or how quickly it’s going to depreciate once it’s sat in your driveway.

At the end of your subscription, you simply return the car and move on to your next one, or you cancel your subscription. Either way, you don’t have to worry about the hassle of selling your car and you don’t need to think about its resale value or how to get the best price possible from another buyer.

Maintaining a car is expensive

We’ve already touched on this, but car maintenance can really add up, and it’s one of the main factors that can put buyers off. Not only do you need to cover the costs of regular maintenance and repairs, but you need to take insurance and road tax into consideration too, which can really add to the overall cost. When you buy a car, you are solely responsible for all of the repair costs. As your car gets older and suffers more wear and tear, the need for repairs increases over time, which only adds to the extra ongoing costs.

Dealerships and financial institutions require drivers to carry full insurance coverage on their vehicle until it’s paid in full. Insurance rates and premiums depend on several different factors, including the driver and the age of the vehicle. Generally, the newer the vehicle is, the higher the premium. New cars typically have higher insurance rates and higher motor vehicle registration fees, which only adds to the expensive costs of owning a brand new vehicle.

If you sign up for a car subscription app, maintenance, insurance and road tax costs are taken care of for you. Any repair bills and costs for servicing are covered by us, ensuring that all you need to worry about is paying one monthly payment that covers everything.

Drivers want to upgrade their cars more regularly

Over time, the length of ownership of a car is decreasing. With brand new models launching constantly, drivers want to upgrade their vehicles more regularly to experience the latest features, newest designs, and ever-evolving ergonomics. However, when you take into consideration the hefty costs of purchasing a new vehicle, upgrading every so often simply isn’t an option for most.

The option to upgrade or switch your vehicle whenever you like is a huge benefit of renting from a car subscription app over buying. When you subscribe to a car through an app like Carasti, you can access new cars as and when you need them, rather than being tied to the same one for years. You don’t have to worry about the inevitable inefficiency and reliability issues that often arise with an older car, and you won’t have to put up with an outdated vehicle that you can’t afford to replace.

Car rental is more convenient than buying

Sometimes, buying a new car is simply less convenient than renting or subscribing to one. There are some situations in which we only require a car for a short period of time – whether it’s a couple of months or a year – and buying a vehicle for this length of time is costly and inconvenient, especially if you have to deal with selling it on later.

Instead, renting a car on a monthly basis provides flexibility, freedom and convenience. Car subscription apps like Carasti are perfect for people who require a car at short notice, as it allows people to book vehicles with just a few minutes notice. In fact, at Carasti, we’ll even deliver your car straight to your front door for extra convenience, ensuring that you can continue with your everyday life without having to worry about buying and picking up a new vehicle.

Car ownership is simply dying out

Years ago, the idea of logging onto an app and subscribing to a car – just like subscribing to your favourite movie streaming service – was a strange concept. However, today, car subscriptions are becoming more and more common – in fact, we think it’s safe to say that they’re the way forward.

People across all generations are simply looking for more flexible, affordable and convenient ways to access new vehicles and get around. Traditional car ownership is no longer seen as a ‘must have’ in life; instead, people are keen to drive the latest makes and models without the heavy burden of debt and financial insecurity hanging over them. As car ownership slowly becomes less popular and people start to explore the luxury of a car subscription app, it’s no surprise that everyone wants to rent.

Looking for a short-term car lease? Look no further than Carasti, the leading car rental service

At Carasti, we’re proud to be changing the way people drive in Dubai with our car subscription app. All you need to do is download the app, choose your next dream vehicle, subscribe and go. One all-inclusive price covers everything – from the vehicle right through to maintenance and roadside assistance. Our month-to-month subscription option offers the ultimate flexibility, with monthly, 6 month and yearly commitment options available. On the other hand, our Mini Lease subscription option is ideal for those who require a vehicle for a bit longer, without the ongoing financial commitment and costs.

To learn more about us and how we can get you driving in your favourite car in Dubai today, visit our website.