About a third of the 17 million cars expected to be sold in the U.S. this year are leased. The rest of them are purchased. However, there’s a new option for drivers coming in 2018 – car subscriptions. It is addressed to people that do not want to own a car but want to have access to a range of cars whenever they want.
So, by paying a monthly fee to access a variety of vehicles they can change up when they want. The flat fee starts from $400 and gets to as much as $3,700, depending on the company, and most often comes with insurance, maintenance, roadside assistance, pickup, and drop-off. And in most cases, the subscription can be ended at any time. Today the vehicle subscription is in the 100,000 to 150,000 range, but it has a potential in the next 12 to 18 months to grow into millions.