Why A Car Subscription?

Everyone loves the freedom you get from access to a new and modern vehicle. There’s nothing better than fuelling up, hopping in and hitting the road.

But the expense of owning and maintaining a car is an ongoing burden with plenty of disadvantages. Cars depreciate rapidly and amount to a shaky investment at best. A new car in particular automatically loses as much as 20% of its value the moment you drive it off the showroom floor.

However, a subscription-based car service offers drivers a flexible, affordable way to conveniently meet their transportation needs while offloading all the added costs and obligations. To start with, you choose the exact make and model you’d prefer, rather than settling for what’s available, which often happens when you buy used.

When you own a car, your on-road costs include dealer delivery, stamp duty, rego and, of course, high-priced insurance. On top of these, you’re looking at loan interest repayments, servicing, or tyre changes—all major expenses that can set back your budget.

Fortunately, MyMotum will ultimately pick up the tab for many of these expenditures. By combining the running costs into a simple monthly payment, you give yourself substantial savings.

Think of that feeling you have when you rent a car on vacation. You know vehicles are costly to maintain, but because the rental company owns the car, they take care of those major expenses. This is the feeling you enjoy every day with a reliable car subscription.