Average used car ownership is only 2 years, subscription is cheaper than owning a car

Owning a car is a significant financial commitment, but many people are choosing to opt for car subscriptions instead of traditional car ownership. One of the main reasons for this is that the average used car ownership is only 2 years, which means that the cost of owning a car can be quite high, owing to depreciation and other running expenses like insurance, service and maintenance. 

On the other hand, car subscriptions offer a more cost-effective and flexible alternative to traditional car ownership. With a subscription, you pay a monthly fee that covers the cost of the car, insurance, maintenance, and more. This means you can have access to a car without having to make a large down payment or take out a long-term loan.

Another advantage of car subscriptions is that they eliminate the need to sell or trade in a car when you’re ready for a new one. With a subscription, you simply return the car at the end of your contract and move on to your next choice. This can save you time and money, as well as the hassle of trying to sell or trade in a car.

Additionally, car subscriptions also offer more flexibility than traditional car ownership. With a subscription, you can switch between different car models or even cancel your subscription altogether without penalty. This is perfect for people who want to try out different cars or who have changing needs over time.

In conclusion, taking a used car on a subscription is better than owning one. 

Pumpumpum is India’s first used car leasing company which offers high-quality pre-owned cars for lease/ subscription to corporates and individuals, having a Pan India operational capability and a fleet of 750+ cars. Our flexible tenures from 6 months to 24 months gives access to our users upgrading to better vehicles as and when they want.