Car subscription services are also designed to suit the needs of fleet and corporate customers looking for agile and flexible solutions for their business needs.
Similar to car subscription for everyday drivers, the benefits of car subscription for business customers include:
Car subscription offers businesses the freedom to upsize and downsize their fleet as their operational needs change without any additional fees or the long term commitment. Subscribing to a vehicle also means that it is easier for businesses to get their employees into their vehicles without the administration required with external parties such as insurance companies as everything they need including registration, insurance, servicing, maintenance and warranty are all included.
Businesses subscribing to a car can avoid the residual depreciation of vehicles, balloon payments and hidden costs of fleet management such as unexpected vehicle repairs, increases in insurance premiums and fuel prices that are all associated with traditional leasing models.
This group of customers consist of the following segments:
Due to the ease of car subscription, businesses can introduce employee benefits such as salary sacrifice arrangements as a way for employees to gain easy access to a fully insured and maintained company electric vehicle. The flexibility of car subscription will help encourage more businesses to trial electric vehicle and understand the feasibility for their business needs including:
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