Rent-to-Own or Car Subscription
Rent-to-Own or Car Subscription
Subscription: The Smarter Alternative To Rent-To-Own Cars
Historically, one of the most popular ways to avoid the significant upfront financial commitment of purchasing a car was to choose a rent-to-own agreement. They often come with the appeal of no credit checks, deposits, or as part of a Centrelink-approved loan. However, the rent-to-own models also come with inflated costs and restrictive terms with outdated and unnecessary limitations.
Our Car Subscription model was created to address these limitations. Our collaboration with auto dealers has allowed us to create a better value, more straightforward alternative to car ownership and rent-to-own car options. Now, a simple weekly subscription fee allows you to drive away in any of our vehicles, leaving only fuel and tolls in your hands.
Car Subscription vs. Rent-to-Own
With Motopool’s new Car Subscription services, you'll find a far more manageable balance of convenience, affordability, and choice than traditional rent-to-buy / rent-to-own car options.
Car subscriptions offers:
- Far less commitment.
- Freedom to change cars anytime.
- No balloon payments.
In comparison, traditional rent-to-own vehicle agreements operate on a linear path, forcing you to choose a car, pay regular 'installments' with the commitment to eventually buy the car.
A car subscription, however, means you never need to outlay the total cost of a depreciating vehicle. Don't get stuck with a car that's no longer the type of car you want (or need) or a hit with a 'balloon payment' for a car that's suddenly worth a fraction of what you bought it for.Motopool car subscriptions allow you to choose from a range of Australia's favourite new vehicles, leaving you to simply enjoy the drive. Then, when you're ready for something newer or different, just come back and select another.
What are Rent-to-Own Cars?
Car rent-to-own agreements are a model that spans a temporary period, offering the lessee a chance to eventually own the car at the end of the lease term. Each payment will contribute towards the cost of the car, as well as the fee of leasing the vehicle itself. This means that, while someone might have access to a vehicle before they have the funds to purchase it immediately, with a car rent-to-own options, you typically pay more in the long run (and gradually lose the value of your investment with depreciation).
Here's a breakdown of how it generally works:
Lease-Purchase Car Agreements
Customers agree to rent the car for a set period, often spanning several years.
Payments
Regular payments combine rental fees and contributions toward the car's purchase.
Ownership Transition
After completing all payments, customers can choose to own the car, optionally by making a final 'balloon payment.'
Flexibility vs. Costs
Though rent-to-own offers an ownership path, it may result in higher long-term expenses than other financing options.
How Does Rent-to-Own Differ To A Car Subscription?
- Quick & Easy Online Registration: Get started with our user-friendly online registration. In just 2 minutes, you can complete the necessary ID and soft credit assessments for instant approval. And remember, you only need to make the refundable security deposit when you're set to hit the road.
- Personalised Concierge Service: Our friendly team will reach out to guide you through your ideal ride of the latest models in hatch, SUV, utes, or vans. Unlike car rent-to-own options, you can interchange vehicles as your lifestyle and needs change.
- Choose Your Plan: Select from our trio of plans – starter, value, or premium – each tailored with a specific KM limit to ensure you're only billed for your actual mileage.
- Drive Away in 48 Hours: Once you're on board, every car is prepped, primed, and poised for your adventures. With the vehicle clean and tanked up, all that's left is for you to manage the weekly subscription, fuel, and any toll costs. Enjoy the ride and let us handle the rest!
Choose Your Car
Transforming Long-Term Car Access with Car Subscriptions
Car subscriptions are the fastest-growing alternative to long-term rentals and rent-to-own cars. With Australia's cost of living crisis, Car Subscriptions are a much-needed alternative that is receiving a warm welcome nationwide.
With Car Subscription, there's no need to be tied up to a single-car model. Discovering the future of automotive access is easy.
Our Car Subscription Plans
Starter | Value | Premium |
---|---|---|
Inclusive of all expenses, except for fuel and toll costs | Inclusive of all expenses, except for fuel and toll costs | All-inclusive, except fuel and toll costs |
3-month minimum subscription period | 3-month minimum subscription period | 2-month minimum subscription period |
250km weekly allotment | 500km weekly allotment | 750km weekly allotment |
One-off joining fee of $250 | One-off joining fee of $250 | No joining fee |
With your chosen plan, you unlock a diverse fleet of vehicles and premium services. And with no maximum limit on your subscription duration, Motopool becomes your go-to choice for adaptable, cost-effective, long-term car solutions in cities like Adelaide, Brisbane, Melbourne, Perth, Sydney Ballarat and coastal areas like the Gold Coast and Geelong.
Upgrade To A Flexible Car Subscription
The tide is turning towards subscription-based services as the new-age answer to long-term car rent-to-own agreements. Review Motopool's streamlined, budget-friendly approach for longer-term vehicle access today.
Enrol now, and in just 48 hours, embark on a journey tailored to your unique driving preferences.
Frequently Asked Questions
How are kilometers calculated?
What is security deposit?
What is the minimum subscription period?
Can I swap vehicles?
How much does it cost to swap to a new car?
I have other questions.
Learn More About Car Subscription
Car Subscription for Business
Upgrade your fleet today and drive your business forward!