Car SUBSCRIPTIONS?! - Dave Ramsey Rant
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- čas přidán 12. 12. 2017
- Car SUBSCRIPTIONS?! - Dave Ramsey Rant
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This is perfect idea for self employed or business owners. All payments are tax deductible. Conventional lease has mileage restrictions. Subscription offers much more generous mileage allowance.
The car manufactures will keep finding new ways to capitalize on broke people's stupidity and inability to say "NO!".
Why always 'broken' ? I have a subscription and it fits nicely in my budget
Very well stated.
Manufacturers know Americans love to keep up with the Joneses and they will get deep to their eyeballs in debt to keep up appearances even though they can't afford it. A guy and his wife move into a neighborhood where everyone has either a BMW, Benz, Audi, Porsche et al in their driveway and they swap them out every three years, meanwhile he's driving an eight year old Camry. It's a matter of when, not if, till they raid their kid's college fund, 401K or savings to splurge for that swanky Volvo.
Its fun to *rent* a nice car for 2.months for fun
Can try out the higher end like.m3, c63, etc with no string attached and. Cheaper to rent daily
It's not a bad idea, especially for someone that's looking for an alternative to getting a rental. Temporary wheels until you get your car fixed and better than Zipcar and turo, etc. etc. Don't ;et anyone tell You wrong.
When I first heard about it I was like, can't wait for Dave to talk about this...
I am disappointed that car dealerships provide their own insurance for your subscription car..... it causes you to miss out on Geico.... you can save 15% or more
Lol
Geico sucks
And Flo from Progressive will be sad!
Porsche's subscription for for $2,000 a month gives you access to almost all of their cars when you want so you choose what you want to drive and can switch to a different model when you want. That sounds fantastic if you can throw away 2k a month...
Neal P if that sounds fantastic to you I think you are watching the wrong channel
I am just saying as someone who loves cars, I would do it if I had money to burn. I know it's stupid though for most people.
the key is having 2k to throw away a month. if you make 20k a month. then that's not so big a deal. just depends on your situation.
Great idea. Not like putting 2K a month for 20 years in an IRA 401K will get you anything better when HR won't hire you anymore due to age discrimination
yea if i had 20 million or more then sure a great deal, but if i make 100k that crazy.
Buy a 10k used corolla End of story, this is only helpful to people that are here short term from other countries and need a car
Dave should have reached out to subscription operators and asked questions rather than simply speculating on the details of how car subscription works and the financial benefits it affords to the average person.
I’m sitting here watching this video holding the title to my car in my hand. It’s sad some people in this world have never even seen the title to their own vehicle
I just entirely gave up on car ownership in favor of a bicycle since all my commutes are within a 5 km radius anyway, ironically I feel much more free now because the bicycle isn't an ongoing expense
Mik Wind that and riding a bike, when not worrying about idiot drivers, is so stress relieving.
Bicycles are great for loners. No friends, girlfriends, or family to worry about!
Cars are for great for lazy, broke and unhealthy people. See what I did there.
What about in the rain, or the winter time?
Bike riding is a good way to stay in shape. But if the weather is bad depending on where you live, it can be a pretty daunting commute.
*This isn’t for broke folks, people in debt, or those working the baby steps. Actually it’s kind of silly to even address it on this channel.*
The problem with Dave Ramsey is he gives one size fits all advice
I can’t see the argument against car subscriptions if you don’t need a car full time, year round. I live in a big metropolitan city and if were to buy a car in cash, it would sit in the driveway 40% of the year collecting dust and depreciating anyway.
Just seems like a long term rental.
How? You can cancel when you want.
James Vance just like a rental...
Truly dissappointed in this rant. This is a perfect example of Dave getting too big for his britches. This service would make perfect sense for someone who lives in an urban setting who doesn’t NEED to own a car and can’t afford the parking of said vehicle in the city where parking can cost almost as much as rent...why would ANY buy a car and own a car in such a setting??? But during the summer they want to venture out and take road trips so they’d sing up for a subscription for two months and call it day...this make perfect sense in this scenario. Now Dave just cause you don’t understand it, doesn’t mean it’s not a good thing...
Near the end of the video he mentions that it would be all right for that scenario.
So I guess you wrote all that for nothing
I like this idea. I’m am financially stable and this would allow me to try new sports cars out like a Porsche for a long term test drive before committing the 100,000 plus to purchase it
Jay Moo dude it's a car! Just a car. No more no less. It's a hunk of metal to get you to point A to point B. Worse you are paying for someone else's car. You flush the cash down the toilet. You can't sell it or ever own it after you pay someone else who keeps it.
Timothy Gibney Dude, I’m a car enthusiast. Cars are just more than something to get me from point A-B. I swap out my Porsche, that I pay for in cash, every 2 years. This program would allow for a long term test drive before committing six figures to one...Ofcourse this program is stupid for someone that isn’t financially secure or views cars as just transportation
Jay Moo some people don’t understand car enthusiasts. What we spend on cars is like what foodies spend on Michelin star restaurants, it’s like fashionistas spend on designer dresses. While this subscription idea is bad for people who are building their wealth in the early stages of life, I agree this plan would work great when I retire and have disposable income and I have a decade or two left on this planet and I want to try a different fancy car every few months.
Gotta try out that NEW LAMBO before I decide to drop $400k on it.
I wouldn't take a Lamborghini for free. They just don't impress me and where I live, it's entirely impractical.
Been waiting for Dave to cover this topic for a LONG time.
The subscription model makes sense if you stay in another town for an extended period of town, for example we have doctors/nurses from out of town or even from abroad who rent a house via Airbnb or Homeaway and stay for a few months to work at the various rural hospitals here in Northern California, although typically those expenses are covered by the hospital or recruitment agency
Dave is awesome!!!
This is not a terrible idea. I'd like a corvette for the summer and another vehicle for the winter.... The stupid thing is... If you're in debt or have a disproportionate income steer clear and buy a 1999 corolla!
Whole point of subscription is when you need car 1-2 months in a year. You only pay for the months when you use the cars. No different than car sharing services out there right now when you pay by the hour of the car usage. It is a financial suicide to use a car from car subscription all the time. Personally I own my car outright and would not have it any other way for now.
I think Dave missed the point of the subscription, at least as the article described it. If you live and work in NYC for 10 months with no vehicle, and then you need a vehicle for 2 months for work-related travel, what are your options? As far as I know, this is the cheapest option.
Your kids will fall for this and this be the norm video games do this
@@jaketyler7088 buy a use car duh some are 1k
@@sandwicheman9772 if you ever lived in NYC, it will cost you about $200-$300 a month for parking + the most expensive insurance in the country. If you need a car 1-2 days a month car rental services are fine. Most people realize that car leases/rentals are financial suicide.
Actually i like that idea, i can have fun with an expensive car for a few months like a m3, or c63, or lotus, or whatever i wanna drive a while but not keeping or maintaining and no string attached
It’s sad he actually has to explain to people that this is a bad idea smh 🤦🏾♂️
2:53 that's a good "Metal Scream" Dave. Will you be starting a Metal Band? 😁
I’m looking a subscription options for a car this year. I live in a big city, so I have already have several transportation options. With that, I don’t need a car full time, year round. I’ll save money annually if I use a subscription over buying/leasing. Also I’m willing to pay extra for the less commitment.
Volvo Care is still a lease with a traditional buyout and residual. You must qualify. I have it and I love it. The only complaint I have is that it is very rare and there are almost no cars. They appear to be using the program as a loss leader as my payments (which include insurance) plus residual add up to well under MSRP. I'll be on this program as long as they allow me. Paying cash up front for a used car as Dave recommends is probably one of the absolute dumbest things you can possibly do. I've done both. The potential for disaster with a cash used car is insane. And you're still driving a POS.
Interesting video. As a dealer, I do agree from both aspects. 1. that people need full disclosure when buying or leasing a car. 2. that people still have little to no idea how leases actually work. 3. that dealers are trying in many ways to adapt to new technologies that drives business.
1. Transparency and full disclosures are fundamental part of any franchise new car dealer. Manufacturers, franchise owners, state DMV are responsible for delivering the message to the dealers. If the dealer does not participate in compliance they will eventually remove the management in charge or even lose the franchise agreement. Lots have changed over the decade and dealers are creating better ways to show a better light and experience to the consumer. Franchise dealers create jobs and employ hundreds and thousands of employees each year. Losing dealers will only hurt the economy.
2. Leasing is still new to most people. With an industry average of under 40% of consumers leasing cars. Most consumers have never leased or understood the benefits of doing it. In other words, if you had a bad experience leasing a car you probably leased the wrong car or never understood how it actually works. Difference between leasing and subscription based is simple. When you lease a car, the bank you leased it from depreciates the car and you just pay a rent factor for the term that fits your needs. At the end of the lease you have an option to return the lease or buy it out for the residual amount which the bank sets when it was new. Subscription based car “renting” is making a daily, weekly, monthly payment for a qualified car as you go, but without a residual value to purchase. You will be assisting the company in depreciating their own car which they will end up selling back to you for a healthy profit. Here is a tip, lease cars that have high resale value. Expect the residual value to be high if your payment is very low for an expensive or luxury car. That means your stuck returning the car at the end of the lease. If your ok with it financially, then leasing a brand new car for 2 to 3 years is not all that bad. I say this, finance cars that are under 20k with special finance terms and lease anything over that amount. Be wise on the make and model because it does matter!
3. The truth is walk in traffic is down industry wide year over year and dealers have been investing in new technologies to get customers attention. A few major franchise owners have partnered with companies like True Car, Shift and Fair to supply new and pre-owned cars on demand for consumers. The digital space is far greater now then a decade ago. With social media advertising NEW this and that , it’s easier for manufacturers and dealers to promote their business based on the individual consumers interests. For instance if you search for luxury shoes on a social media site than it will use an algorithm to show you ads of luxury shoes stores near you or videos of upcoming shoes that you can preorder. It is faster and easier for consumers to shop and transact online, the dealers want to be in that space, it’s that simple.
I have mix feelings about these new companies. They understand that the automotive retail space is a profit center and I agree that they want a piece of the pie and I cannot deny that consumers want a new way of doing things with little to no effort at all. What I don’t understand about this application is that it suppose to help dealers? How is it helping if they advertise to avoid dealerships as a whole. How is it helping if they own the dealers customer retention business? How is it helping your children if your a parent trying to teach them the value of credit building and personal ownership?If we keep feeding the beast and allow companies like Fair to buy from weak non process driven dealers to rent to uneducated customers. We are on the right path to economic and social breakdown. This bothers me.
Thanks for clearing that up. I always thought I should pay cash for my car.
If Nissan,Toyota, or Honda, offered a subscription to their entire fleet (1 car at a time of course) for $350 a month that would be an amazing value proposition. However in reality it would probably be $500 a month
My 82 year old mother has a subscription to a car service - the lot is two blocks from her house. She pays a monthly fee, plus an hourly rate when she takes a car out. Since she only takes a few trips a week it's far cheaper than buying or leasing a car, the car is always gassed and serviced - works great for her.
I think you're talking about a different business, like a Zip Car. Those are hourly rentals, whereas these are monthly. The difference is that she's going to pay $30-50 to use a car for a day, but some idiot's going to rent a BMW for $2000 - $3,700 per month. It's an entirely different market and makes much less sense than what your mother does.
Dave, i just love you.. thx for keeping my sanity. Thxxxx ...
Sounds like a great idea to me.. by his logic, Netflix is stupid.(which i bet he has). Me personally I dont want to own 1 car til I die just because it runs good. I'm a millennial and I prefer new technology.
A family member works for a car company that’s going to be doing this. He said it’s about $800-$1000 a month depending on what “level” of vehicle you like. You can get a sedan and then trade the sedan for the weekend for an SUV and then go back to the sedan after the weekend. I still would never do it. It’s ridiculous.
If you drive for a living, why destroy your own car, but wait I need a real job and stop doing door dash.
Amazing Martin Short impression at 2:53
A $20,000 car loan at 9% interest rate over 5-years would be around $31, 000.The average insurance cost in Florida is $316 per month. Over a 5-year loan that will come close to $19,000 just for insurance. Then add another $6, 000 over the life of the car for repairs, oil change, tire change, brake changes etc. That is $25,000 dollars on top of the $31,000 car loan. You are paying $56,000 for a $20,000 car. And the car loses 80% of its value. Rental car subscription sounds like an amazing idea!!!
"You will own nothing and you shall be happy." - World Economics Forum
I think this subscription deal is a good one for business travelers and their monthly subscription is covered by the company. $500-600 is nothing for a company that has lot of travelling sales people than rentals.
I will stick with Uber and Lyft $600 is a lot of rides.
Fuel costs are not even factored into the 600, it's more like 800$ even more rides.
The mileage limit is a joke on these subscriptions
In London
Pay as you go cars are being introduced
I like the idea because public transport is so good you may only need a car a couple times a month
But it’s like £20/month not £600
Hmmm... How does it work? You just grab an available one when you need it for the monthly flat fee?
Actually makes sense for VERY SPECIFIC workers who travel and work in city’s for like 2-6 months at a time and then move again . But yeah ,
Not for more than 99% of people
Probably still worth buying a car and finding insurance that lets you go into storage mode (comprehensive only).
@@ThePeterDislikeShow Storage mode in NYC? A cheap car with variable insurance, maintenance, and storage (in big cities) will have annual running costs lower than a two-month subscription, but taking into account the purchase price, the break even point is about seven years. Due to the nature of people who would use this subscription service for ONLY two months of work travel, I doubt they will be in the same/similar job in seven years. I like this subscription idea, but it's a very niche market for people who would actually financially benefit from it.
Yeah I was thinking like the tech workers from India that come here for like 24 months
Is this video really 10 minutes long when you don't have the actual numbers ?
I love the reactions Mr. Ramsey!
$900 a month for 20 different luxury cars and I don’t have to worry about insurance or maintenance….sounds great to see, especially when most cars nots are around the 700 to 900 range anyway
Ramsey Solutions will be in business a LONG time based on the comment sections of the videos and on social media.
You guys listen to Dave as if he's a billionaire or something. I used a car subscription service, for about 5 months while I saved for a car. It was month to month and worked great.
I still disagree in car subscriptions
It's an awesome idea as I only need a small car for half a year, a mini-van or SUV on most weekends, and a pick up truck a few times a year. A car subscription would save me money than buying or leasing one fixed vehicle for an entire year. It's a win-win situation for the manufacturer and the consumer.
What about for a small business owner? The payment for a vehicle subscription is something that can be written off as a business expense
Yea that's stupid too
I gaurantee the guy that wrote that meant they know how to use their smartphones as "tech savvy" lol. People that can make their phone dance dont neccessary have any financial sense lol.
It’s fantastic for car enthusiasts, imagine that you try out 20 different cars a year with no commitment at all and everything is covered for like 6000 dollars a year, that’s just crazy. As dave said, if you buy a 30k car, it will be worth 10k after four years, that’s a 5000 dollar cost beside every hassle and cost that you go through when you buy a car.
Not to mention you’d pay insurance, maintenance, etc.
In NYC insurance+car+maintenance costs wayyyy more than $600 when it is a luxury vehicle!
Exactly. Which is why I cant wait for this to come more in NYC. They already have a lot places in NJ.
Why it’s fkn dumb
BCGTR great so you spend all that money and when you cancel your subscription and get nothing for all that money.
Money-wasting snowflakes - probably want their student loans forgiven too!!
OMG this is stupid.. I can't even wrap my brain around payment plans for phones.
I will totally do a car subscription if one comes to my area
Disney Fan you’ll also be broke. Enjoy living with payments :)
Why ? If it fits in your budget, no problem. Not everybody is a loser with debts you know !
pim1234 yes says the person commenting on a Dave Ramsey video...
Sooo close to 400k subscribers!
Most states if you have a driver license you got to keep car insurance up all year round not just two months out of the year that you drive..
For the Volvo, 600 a month over a 5 year period comes out to 36k. MSRP is around 33k.
Yeah.. But in a subscription service, Volvo never said you have the car for 5 years. lol This subscription thing isn't for everybody and that's okay. ❤ You can change your car once in a 2 year span.
Imagine subscribing for 5 years paying 36k and then having to hand the car back
@@JiisTube You can get a new car on the Volvo Care subcription as often as every four months.
@@RomulusA it's like one of those fancy auto clubs but more affordable
If it's a subscription can you just sign up for one month to drive whatever car you want from the dealership for a full month? It sounds like it's like renting but with options. If that's the case, it would sound like the perfect thing to do when you travel for a long period. What if I went down to Florida for a month and decide to pay $600 to use a brand new Volvo XC90 for an entire month and then cancel?
You'd have rented a car and paid money for it. Trust me that you're not gonna outsmart the automotive industry financially.
Rentals are often rented out for one or two days. The overhead cost of switching cars all the time is priced into the rental price. I'd imagine that these subscription things are slightly cheaper per day because the company doesn't expect to have to swap them around every couple of days, bringing the price a bit closer to what you'd normally pay for a lease. At the end of the day you're using a product that the company has decided will make them money.
Buying a car 400 monthly payment plus 200 insurance. subscription is 340 and includes insurance and maintenance
Generally agree, however, There are times this can make sense. We drive 30k miles per year and receive a mileage reimbursement that will offset the the cost of the subscription without the hassle of maintenance.
That's why when you buy a new car you need to try to keep it for at least 10 to 12 years to make it worth every penny and don't buy a card that's not dependable do you homework
And when you're making payments on the new car don't forget the gap insurance it's the cover whatever the insurance can't cover if it's total
Daniel Garcia gap insurance is a rip
that's if you can't afford it. bought my car new in cash. I love cars. Will probably upgrade in 5 years.
You don't buy a car on payments.
Period.
You buy whatever you can pay cash for and then make "payments" to yourself until you can buy the car you want...
With cash.
Then you get the interest from that cash you've been paying to yourself and don't pay someone else for the privilege of spending money you haven't earned yet.
Also, the car you bought with cash first will be a lovely extra bonus when you sell it to someone else after you've bought your new car. Because if you sell it to an end user, you will make more on it than if you sell it to a middleman dealer. That's how you move up in cars.
I've got a 4 year old car right now. When I bought it new, my plan was to have it for at least 10 years. (probably 12-15 with adequate maintenance) I'm paid a little bit in routine maintenance this year, but just for new tires, brakes, and things that wear down with time. It'll need more scheduled maintenance (at least moderately expensive stuff) in about 4 more years. I should have about 6-7 years without payments this time around, and my next car will definitely be bought with cash. (1-2 years old, to avoid the deep cut of depreciation).
I love having a 'new' car and have owned a couple, but I hate being in some kind of payment situation with them. It's bad enough that I have to pay excise taxes and insurance, but also another $300-400 per month is BS. I'm working on the baby steps so by this time next decade I can buy any car I want in cash. :-D
How could anyone with a brain dislike this video?
there is a place in Seattle that people pay a monthly subscription to use luxury and super cars for date nights
JasonfromMinnesota looking good and going nowhere. Super dumb
$600 a month I would like to get 3 or 4 people to drive everywhere I would not work as a Taxi driver
This guy is so close minded. He doesn't look at what market this is targeted at. There is something to be said about not being on the hook for thousands and thousands on a depreciating asset. In this instance it's not an asset, its a service. I mean look at the revolution that is cloud infrastructure. You are no longer buying depreciating assets (servers), there is no upfront out of pocket cost, and you save more in the long run. The more I watch this guy, the more I lose respect for him.
Thank yooou!! 👏👏👏
Well everyone has different needs. I personally would not do this unless on vacation for 2 or 3 months. If your doing payments you might as well be buying it in my opinion. No different then leasing a car. Never ever would I lease lol
Most here seem to be assuming the subscription is going to be like their Netflix subscription. It's not month to month these are monthly payments for a minimum of two years 24 month subscription with option of upgrading to a new model after a year. At least the xc40 CARE by Volvo appears to be this way. It's basically a short lease.
although i agree with almost everything you say but this i do not, a sixt+ car subscription for a 50,000 car is aproxx 800 a month, zero down, if i was to buy the car at current intrest rates is over 800 a month plus 200 for insurance thats without maintance, so it is not vastly more expensive
Dave could buy a new car every week and it wouldn't change his life lol
Car subscriptions? How about NO!
I can actually see a really good application for this for people who move around a lot. Especially for short stints. My brother is a consultant and he often has cases that last about a month plus in one location. His company gives him a stipend with which he can obtain transportation be it an Uber public transport or renting a car. This could be a great way to have some independence when on a longer case in cities without good public transportation. But still subscribing to your daily driver is absolutely moronic
i think he just missed the point, obviously renting the car for over 3 months is dumb, but if you can get it for 2 months for say 350 a month, its not that bad if it covers everything except gas
frapeyou subscriptions aren't month to month, each subscription has a certain amount of months or years you need to keep the car. It's basically car rental and lease put together.
okay, if you have to take a 3 months or more subscription that, yes Dave is correct, but if you can take one month at a time (no bs hidden fees for stopping subscription) then it could be good for the consumer but only if its cheaper than owning a car for 6 months of the year (excluding gas) and also if the price makes sense for example 400$ or less a month in canada makes sense (its about 100$ for insurance) it would not be bad for say if your a student and need a car for the summer (working months) except for that its pretty niche
frapeyou you can also search around for good car rentals for 2 months of the year okay so if that's your logic then what do you do the other 10 months of the year for transportation?
J J it was just for neach people who fit the criteria of example not needing a car during the year (public transportation) and wanted a car for a month or 2, for example to drive to the beach or other destinations that might be inconvenient for public transportation
No one is going to subscribe you a car without some kind of stipulation. Even if that's the case month to month they'll up charge you some how. Its not a charity event.
Crown Victoria expenses, don't own a car yet, but I've got my eye on it, $1800 to buy from police auction, $2000 dollars a year in insurance, and say $100 a year for maintenance, y=2100x+1800, a subscription, 600 dollars a month, 7200 dollars a year! y=7200x
60-70% in 4 years? Not in Anchorage Alaska. You wanna buy a 4 year old car here, its only a 30-40% discount on msrp. 10 year old cars are still selling for 40% of their value.
Not really apply to Hondas.
Civic LX brand new with sales tax and all fees about 19k
2015 Honda LX from dealer cheapest is 13k before taxes and fees probably about 14k after and it has 70k miles.
So nope not worth it for Hondas. Only for those cars that are expensive that are also 13k after 70k miles at 2015.
I heard about this when it was new
Nobody
Dave Ramsey: SUCKAS!
Nasty way to make people rent car longer. Totally opposite to the minute/hour/day based rental services. And yes, even the minute based services make sense as those are bit cheaper than taxi.
I've purchased new, I've purchase used, and I've leased. The stealership made money off of me in all 3 scenarios. I'm going to try Audi Select for 3 months while I think about the next car I marry for 3 or 4 years.
I could've sworn I heard this rant before.
Dave, can you please talk about how auto lenders are allowing folks to trasnfer their upside down debt (from existing car) into a new car loan purchase and keeping the "same" payment by extending the new car loan term to 6 or 7 years!
Minh Bui that's because people are too stupid and they can't do simple math or simply don't mind extending their loan term.
This works cause city people love showing off there "new" car more then any other people
Buy a small used motorcycle for 500usd. Then don't worry about it.
Its a good deal.. If one only needs a car a few months a year its great don't want to buy a car if only need it for a few months
Ok so are we going to look forward mail order car subscription like Netflix or block buster mail order DVD subscription?? FedEx or UPS delivery your Mustang yo your door?? Drive it till your tired of it. Then put the return sticker on windshield send it back and a Viper gets delivered next week??? Lol THIS IS STUPID ON STEROIDS....
Only makes sense for those that only need a car for a couple months a year.
People don't want to buy anything
They're too lazy to own things, but they love to buy things.
Buying a new car is fun! Waiting in a service waiting room for it to be maintained sucks. Paying to keep it up, keep it insured, replacing consumables, etc; that also sucks. What sucks even more in my opinion is if I had to walk the 23 miles I commute to work. LOL :)
@@sbrazenor2 but that's why there are many options to have a car. Buying isn't the only way to have something. Not everything is black and white. Especially where I am from.
Why is there more and more new car dealerships in my area in NH?
Does that mean I live around a bunch of stupid people?
I want to know what happens to these brand new vehicles that are "unsubscribed" from after just 12 months? Things are being made so disposable. Just like cell phones. Thrown away after a couple years.
They sell them or get a new person to subscribe
this is a good way for rich people to have a couple cars a year if they dont have the garage space but this isnt for young people who cant afford to make stupid decisions
the ONLY TIME i see this making sense would be if you're some type of business person that spends ten months of the year at home with your normal paid off car and two months of the year in L.A. . let me be clear to say it may be cheaper to have a subscription to a car for two months at $600 a month than to rent a car for $80 a day for 58-62 days or to transport your normal car twice for around $1000 or more each transport. there has to be some point when you draw a line and say you're making a payment that is costing you more than if you outright buy a car with no interest.
sasquatchlogan The problem with buying a cheap car and not using it 10 months out of the year is you still have insurance and parking fees that need paid, regardless of whether or not you're driving it. That adds up in a big city.
how is it different from rental?
So you’re just renting the car for multiple months?..
Yes. It's basically a long-term rental for people who only need a vehicle for a couple months every year. It's cheaper than buying and cheaper than renting with a short-term rental company like Hertz, or private car-sharing apps like Turo. If you need a vehicle for more than a few months every year, it would likely be cheaper to buy. However, the subscription has a mobility component, so if you fly across the country for three months you don't have to drive your vehicle there.
Car subscriptions are very big in Europe !
You have a new car, know what your costs are per month, everything is paid. You only have to buy gas.
So if my engine blows up, not my risk, if I need new tyres, not my risk. It's easy and fits in my budget.
pim1234 facepalm
meaning ?
@@pim1234 Exactly... !! Its not your risk. Which is the way rich people think. Own nothing, but control everything. 😉 Let someone else deal with that risk. Not you. So yes. I agree with you. I am here in the States and I am looking at car subscriptions.
I pay 853.64 using the fair app for my 2018 Mercedes Benz CLA 250 fully loaded with insurance and 13 thousand miles a year And if I choose to get a Mercedes SUV for the winter months I am completely able to within a couple of days of going through the app and finding the vehicle I want super easy and the price of getting the lease is only about $100 less per month and it would actually cost me more to finance the same vehicle so it works perfectly for me I don’t have to worry about any maintenance worry about going over my miles because I can always adjust them if I need to and I always get the best cars with no long-term commitments works perfectly for me or for somebody that always wants a new car and doesn’t mind paying a little bit more to insure that
How do you rent a car without a credit card?
You steal the car
Dafuq!?!
This guy is against everything 😂
But $600 a month is high Long term!
Tech-savvy millennials invented the FIRE movement. For sure they're way too smart for that.
Dave, did you hear that Domino's is offering carryout pizza insurance?
Nicholas D'Angelo Seriously?
I saw it on an ad yesterday but couldn't find the terms online today. I suspect it may be complimentary
I’m thinking that Dave doesn’t like the idea. 😁