Car subscription is still a foreign concept for many Malaysians. We are more used to locking ourselves into term loans that are too long with interest that is too high. You may own the car at the end of the tenure, but you'll also inherit the car's ever-growing list of faults, and the warranty expired three months ago. And we haven't even mention depreciation and the headaches of selling your vehicle.
A car subscription removes most of the strings that come with car ownership because, well, you don't actually own it. After the tenure, you simply return the car and walk away with nothing else to worry about. Or if you'd like, sign up for another vehicle.
Renault, one of a few car companies that offer car subscription, had recently revamped their subscription plans to make it more attractive for Malaysians with various pocket depths. They've also adjusted the flexibility of each plan to suit the tolerances of potential customers.
Starting with the Fixed Plan, TCEC has now included three-year plans for the Captur and Koleos SUVs. They have also added a new annual mileage cap of 40,000km per year, up from the previous 30,000km, which you can opt for. The price of the Fixed plans still includes road tax, insurance and regular servicing costs.
The Switch Plan, which grants you access to the entire Renault catalogue in Malaysia for two months, is split into two tiers. The Switch Base offers the Captur Trophy at RM1,999 per month and Switch Prime offers the Koleos at RM3,199 per month. Both Switch Plans also provide unlimited mileage cap, wear and tear coverage and you won't be penalised if you cancel the plan at any time.
If you're tight on the budget due to MCO and isn't ready for a long-term commitment yet, the Trial Plan lets you have the Captur for RM399 per week. You can sign up as many times as you like; previously, this was a one-and-done.
The subscription model removes all of the burdens that come with owning a car because you don't actually 'own' a subscribed car. The benefits are plenty — no hefty downpayment or insurance premiums to pay, most of the maintenance costs are taken care of, and you don't have to worry about depreciation or selling your vehicle.
Unless you're purchasing a car to keep forever, there's no point in hanging on to a daily driver only to watch it become a maintenance black-pit. Makes sense?