Prospective car owners will be able to avoid auto-debt through car subscription services being offered by automakers, car dealers and start-ups, such as Santa Monica-based Flexdrive and Atlanta-based Fair. Flexdrive subscribers pay a monthly fee that includes warranty, roadside assistance, maintenance and insurance, entitling them to use of a car without a contract or credit check. As well as start-ups, BMW, Porsche, Volvo and Mercedes are also offering this new type of financing through their own services with varying terms.
Prospective car owners will be able to avoid auto-debt through car subscription services being offered by automakers, car dealers and start-ups, such as Atlanta-based Flexdrive and Santa Monica-based Fair. Flexdrive subscribers pay a monthly fee that includes warranty, roadside assistance, maintenance and insurance, entitling them to use of a car without a contract or credit check. As well as start-ups, BMW, Porsche, Volvo and Mercedes are also offering this new type of financing through their own services with varying terms.