5 Reasons Why Carousell Car Subscription Is Perfect For Your Motoring Needs

The automotive landscape in Singapore is considered very unique - nowhere else in the world do we need to pay six figures worth of rights to own a car. Thus it needs little reminding that ballistic COE premiums have influenced how cars are specced for the local market, from a Cat A-friendly Hyundai Ioniq 5 EV to brands promoting sizable fleets to compete in the more affordable end of the COE spectrum.

What if we choose to ignore COE hassles and focus on a shorter term forecast? Car ownership comes with advantages for sure, but subscriptions in this climate sounds feasible too. That’s where Carousell’s partnership with Carzuno steps in to deliver what consumers want - Carousell Car Subscription. Simplifying mathematical calculations to focus only on a monthly cost sounds like the perfect antidote in this wacky period of post-pandemic inflation.

Depreciation will not be in your dictionary

Sure, we can still source for fun used cars at S$1,000 depreciation per month, with the first few buyers bearing the brunt of depreciation. But these cars, comparatively, might not be able to be driven with the confidence associated with a brand new car. Let’s take a Toyota Yaris Cross as a comparison - estimates point towards S$19,599 for a first year depreciation loss for new car ownership. But this cost has been factored in for Carousell Car Subscription, which brings us to focus only on the monthly subscription rate.

Your cash flow management will improve

While it’s almost certain that subscription rates are tiered higher than the same car tagged to an owner, the advantages outweigh the hassles associated with ownership. That chunky downpayment need not be factored in your expenses, alongside insurance and road tax. But the elephant in the room will be repairs and maintenance, which, if luck is not in your favour, can amount to a monumental figure. Carousell Car Subscription takes all these into account, and you’ll only have to zoom in on the month subscription fee.

Drive a brand new car without the upfront cost

A quick search for local car rentals often yields cars with conditions you’re unsure of. That’s understandable too, since most would rent for a couple of days at max. If you want to drive a new car, the costs add up quite dramatically as mentioned above, with downpayment the largest sum to factor in. With Carousell Car Subscription, cars like the Yaris Cross can be driven off in almost spanking new condition.

You won’t be tied down by the subscription duration

1 month subscription duration is possible with Carousell Car Subscription, for cars like the Mazda 3 Mild Hybrid, Toyota Harrier and Volkswagen Passat. Sure, 6 and 12-month durations are offered too at a lower monthly fee, but if your schedules demand more flexibility, monthly subscriptions might even save you more in the long haul.

There are cool cars up for grabs

We have a list of cars you can drive at different price points if you opt for Carousell Car Subscription, and not all of them are mainstream. The Honda E with its retro-futuristic aesthetics and compact proportions is perfect for Singapore. It doesn’t carry a large battery, so it has less weight to lug around. This philosophy of efficient electrification can also be adopted on the RWD Tesla Model 3. Sure, it doesn’t accelerate as fast as its dual motor siblings, but those who’ve had a taste of EVs will know that it’s still plenty fast. Want to go against the grain? Step on the path less travelled for 6 or 12 months with the Infiniti Q50 - old school ICE motoring never felt so refreshing.

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