Currently these cars are being leased
Along with this, the company is now offering 10 models in eight cities including Delhi-NCR, Bengaluru, Hyderabad, Pune, Mumbai, Chennai and Ahmedabad under the subscription program. Under subscription service, car companies only lease selected cars.
Also read- Honda is giving up to 2.5 lakh discounts to customers in January, know how to take advantageWhat is a car subscription service?
Subscription service allows a customer to get a car for a monthly fee. Through this, the customer is allowed to access the vehicle without any down payment. Instead, customers have to pay a monthly fee. This includes insurance, maintenance and road assistant.
Also read- Motorcycle sales decrease, Honda launches voluntary retirement scheme
Hyundai is offering subscription service in 20 cities
In September 2020, Maruti announced its subscription service. The company has signed a deal with Orix Auto Infrastructure Services India for this. At the same time, Hyundai started its subscription service in March 2019. Hyundai is currently offering it in 20 cities.
how does it work?
Customers only need to subscribe. Pay the monthly fee and drive the car with fuel. All other costs including maintenance, insurance will be taken care of by the leasing company and the OEM. The plan comes with 24, 36 and 48 months options. After the subscription is complete, customers can forward it. There is also an option to upgrade the car or buy the car at the market price.
Will have to pay so much EMI on Swift
For example, suppose you take the WagonR Lxi model on subscription for 4 years, then for this you will have to pay Rs 12,722 per month as installment.