The modern market dictates its own rules to motorists and poses a dilemma: how to become the owner of a new car and not spend fabulous sums. New forms of mobility come to the rescue. We tell how the subscription service works and what are its features
Problem of choice
The cost of owning a car is rising every year. And the point here is not only the price of the car itself, which is often limited to drivers when calculating the cost of purchasing. The cost of insurance, taxes, future expenses for the maintenance and repair of the vehicle are important factors in the calculation that fall on the shoulders of the owner. As a result, the amount is considerable.
Who is the subscription service for? Those who want to change their car to a new one, but are not ready to own it for any reason. And also for those who know for sure that he does not need a car for decades, but only for a certain period.
Every driver who plans to buy a car is faced with the question of what is more profitable – to use the services of a taxi or carsharing, take a loan or buy for cash. But for those who value their time and financially literate people, a new service has appeared on the Russian market – a subscription to a car.
If everything is more or less clear with a loan, taxi, carsharing, each of us has come across these services more than once, then what is a subscription, who is it suitable for and what are its main advantages? About everything in order.
What is a subscription?
A subscription is a long-term car rental. Thanks to this service, you can use the car as your own, without buying it at full price.
The key feature of the subscription is that you get ownership of a new car and use it for exactly as long as you need (there are limitations, but we will talk about them below).
In Russia, a car subscription became available to individuals only recently and is provided by several players. We will consider an example of such a service from the VTB group .
What do you need to know about a subscription?
Subscribing significantly shortens the path of a motorist from the moment the idea of purchasing a vehicle arises to receiving it at his disposal. There is no longer a need to waste time going to dealerships, looking for the best offer, registering the car in the traffic police and taking care of its further maintenance. The landlord will do everything for you, in our case, VTB Leasing.
The cost of owning a car under a subscription is determined by a monthly payment – it depends on the make and model of the car, the additional stages installed on it. For example, heated steering wheel and seat, driver assistants and others. So, Kia Rio X can be obtained for 29,400 rubles per month, subject to a 2-year subscription. Land Rover Range Rover Evoque 2.0 is available at a price of 115,000 rubles per month under an annual contract.
The payments already include fees for registration with government agencies, taxes, insurance costs, the cost of annual maintenance, roadside assistance, including the services of an emergency commissioner and concierge service. Moreover, there are no restrictions on travel in Russia: services are available in all regions.
Some motorists may think that using a subscription car will cost more than buying it with cash and maintaining it yourself. But it’s not. With all mandatory expenses (maintenance, repairs, insurance, seasonal tire changes) and depreciation of the car – depreciation in the secondary market from year to year, the cost of owning a car with a subscription can be comparable to or in some cases even more profitable than buying for cash . At the same time, the subscription saves the owner from a number of problems.
The VTB Leasing website provides a specific calculation. The car Kia Sportage worth 2,310,000 rubles was taken as the basis. Comparisons include subscription payments, cash purchases, and credit purchases. The service life is 2 years. After including all payments (taxes, registration fees, tire service, maintenance and repairs) and taking into account the cost of selling on the secondary market, it turned out that the owner will incur the least expenses in 2 years using a subscription car. Speaking in specific figures, then 1,128,000 rubles against 2,626,553 rubles when buying in cash and 2,798,509 rubles when buying a car on credit.
How do I subscribe to a car? 5 easy steps
Before your house has a new car, you need to fill out an application and draw up documents. The whole procedure will not take much time. The subscription can be used by drivers over 21 years of age without any limitation on length of service. All you need is a passport and driver’s license.
- Go to the “Auto by subscription” page
Now residents of Moscow, St. Petersburg, Krasnodar, Kazan and Yekaterinburg can subscribe. But in the future it is planned to expand the geography. - Choose a car
The site presents popular brands and models: Lada, Kia, Haval, Land Rover and others. Currently, there are 100 cars in stock, which VTB is ready to lease. If you do not find what you need, then you can order a car for yourself. Moreover, you can choose almost any brand and model presented on the Russian market. - Leave a request
After you have decided on the car, you must specify the rental period: 6, 12, 18 or 24 months. A subscription for 36 months is also possible, but such conditions are negotiated on an individual basis. After that, you need to fill out a short application, indicating the phone number, email and personal data. The manager of the leasing company will contact you to confirm the request. - Sign the contract and pay the invoice
After the application is reviewed, you will be sent a lease agreement and an invoice for payment of a security deposit in the amount of 20,000 rubles by mail. Carefully study the contract and sign it, pay the fee. - You get a car
On the basis of the signed contract and payment, the car is booked, and preparations for its delivery begin (the car is registered, insurance is issued). You will be contacted and agreed on the place of receipt. At the appointed time, the car will be delivered to the specified point. You don’t have to follow him anywhere.
Everything, the car is at your disposal. But do not forget that following the rules of the road, paying fines in case of violations of the rules and timely payment of monthly payments is your responsibility.
Blic-opros
We have listed the main terms and benefits of a subscription, but you should not miss the details, and you probably still have questions. Marat Abdullin, managing director for the development of the subscription service at VTB Leasing , talks in detail about the subscription .
Are there mileage restrictions?
When subscribing for 6 months, the mileage must not exceed 10,000 km. The annual subscription includes 20,000 km, and the two-year subscription is 40,000 km. In addition, it is possible to individually apply for a service with an increased annual limit of 30,000 km. If the owner of the subscription car understands that the limit figures will be exceeded, he can contact the VTB Leasing hotline and increase them for an additional fee.
How to pass MOT or use a car service?
It is necessary to contact the hotline and arrange the service of passing maintenance or performing service work. The time and place of transfer of the car will be agreed with you. At the specified time, the concierge will drive up and pick up the car, and then return it back. Moreover, the service is available in any region of Russia, wherever you are.
Will the security deposit be returned after the end of the subscription?
Yes, 20,000 rubles will be credited to your account after the return of the car, provided that it is in good condition and its appearance is preserved.
What if I need help and I’m in another region?
Contact the round-the-clock hotline +7 (495) 662-88-46 or 8 (800) 700-50-16 . You will be advised on further actions and a team of assistance will be called, including an emergency commissioner in the event of an accident.
Does an accident affect the cost of a subscription?
No, the monthly payment remains the same.
If I did not manage to make a monthly payment on time, will the car be taken away?
No, if the rest of the time you did not violate the terms of the contract and payment for the subscription. You should not allow a delay, but if this happens, then you must definitely contact the company as soon as possible and find a solution that suits both parties. And remember that for each day of delay, interest is charged in the amount of 0.2% of the payment amount.
Can I renew my car subscription after the expiration date?
Now the extension is available for 3 months, but in the future this period will increase.
Can I buy a car after the subscription ends?
You can buy a car. Its cost will be calculated based on the market price and technical condition.
Subscribing to a car makes life much easier for the driver. This service allows you to dispose of the car at your discretion, without wasting time searching for and maintaining it. There is no longer a need to search for the best offer for the cost of a car in dealerships, think about the timing of maintenance and, most importantly, how to profitably sell a car on the secondary market and at the same time not fall into the hands of scammers. After all, VTB Group takes care of all these concerns. The user can only enjoy driving and think about which brand and model to choose next time.
