Affordable car subscriptions
Car subscription services, the newest way to drive, are all the craze and aim to create a better, more modern driving experience. But unlike the newest in high tech gadgets, subscribing doesn’t have to cost you an arm and a leg. In fact, there are a ton of cost effective car subscription services out there that make for cheaper, more personalized alternatives to leasing or owning. But finding the right cheap car subscription service for you can be tough, especially when the market is still so new. That’s why we’re here to help. Let’s take a look at how to find the best cheap car subscription services.
What exactly are car subscription services?
Before getting to our favorite cheap car subscription services, let’s clarify what they are and how they work. Instead of buying a new car at full value, or leasing a car for the cost of its depreciating value, what if you could essentially “rent” a car – including the cost of routine maintenance, roadside assistance, insurance coverage, and delivery of the vehicle, for one monthly, non-negotiable recurring fee? You can with a car subscription service. Think of them like long-term car rentals or short-term leases, with the benefits of an all-inclusive fee. Of course, all services offer different takes on the concept, and some are definitely better than others, but they all aim to do the same thing: provide a more flexible, personalized, and modern car experience.
That said, finding the right service can be a hassle; many limit their services geographically, and some are more focused on luxury than affordability. For more in-depth information, check out our review section. For now, here are a few of our favorite cheap car subscription services.
Our favorite affordable car subscription services
Here are just a few of our favorite affordable car subscription options. Make sure to head over to our review section for more in-depth information on each one, and to check out other affordable options in your region.
Audi Select – Typically, you don’t think of affordability when you think of Audi, but that’s not the case with their new car subscription service. Relative to other manufacturer-run services, Audi Select is a really good deal. Of the two payment plans offered, the cheapest (the “Core Collection”) offers two vehicle swaps per month between the A5, Q3, S3, and the TT for the pretty low cost of $995 per month. Now that might sound significantly more per month than a lease, but when you factor in that the Audi Select monthly fee includes insurance, maintenance, roadside assistance, and free delivery of your vehicle – subscribing becomes more reasonable. Audi Select currently only operates in the Dallas/Fort Worth area.
LMP Subscriptions – One of the great aspects of LMP’s service (which operates in Florida, Connecticut, and New York) is the affordability of some of their cars. After a one time activation fee, you can find some great deals. Also, all their cars are available for sale at used prices, so you can buy your car if you fall in love with it. The trick here is to keep an eye on their inventory, which changes as they get new cars in stock. At one point, they were offering a 2021 Hyundai Accent for $70 per month for a six month term (after an activation fee of $700).
Kyte – Kyte, which operates in San Francisco, Boston, and Los Angeles is incredibly simple, easy to use, and affordable. Instead of choosing specific car models, subscribers instead choose a class of car (economy, sedan, or SUV) and pay a fixed monthly fee for a car from that class. Kyte is a great option for people living in these cities that care more about the utility of having a car when they need one, rather than owning their dream car. Renting a small economy car is as little as $495 per month.
Currux – Subscribing to a Currux car won’t break your bank – you can find a KIA Rio LX for as little as $362 per month – but what makes Currux’s service even more uniquely affordable is that Currux allows for up to three subscribers to split the cost of subscribing to a single car. Split that $362 in three and you’ve got an even more affordable car subscription service. Currux currently only operates in Houston, TX – but we’re hoping (and you should be too) that they expand in the future.
So, while the monthly fee may appear to be more than what you would pay monthly for a lease, don’t forget all the extra costs that come with leasing, and the large sums of money you’ll have to pay upfront if you’re buying. Check out our in-depth reviews to find the right affordable car subscription service for you.