Subscription with ShiftRide isn't a lease but is similar in some ways. Here's what subscriptions include and why we think it's way better than a lease:
- No Long-Term Commitments
Leasing: usually require a minimum commitment of 24-60 months depending on how high or low your payments are.
Subscription: you're only committing to weekly terms, with low minimum requirements. This means you can cancel at any time after your minimum terms.
- No Down Payments or Credit Checks Required
Leasing: usually require a down payment and a credit check.
Subscription: you're not required to put any down payments or perform any credit checks. We only place a $500 refundable deposit when you sign up.
- Insurance Included
Leasing: you are still required to get your own insurance, which typically requires a minimum of 1 year of commitment for the auto policy.
Subscription: you don't have to worry about getting your own insurance as we provide insurance in addition to your subscription.
- Maintenance & Responsibilities
Leasing: you require to perform your own maintenance including oil changes, buying winter tires, changing tires and brakes, even though you don't own the car.
Subscription: all of the above are covered for you so you don't have to worry about the responsibilities that come with leasing/owning a car.
- No shocking KM overage charges
Leasing: you can only pre-select a kilometre package at the time of getting into your lease, which many times ends up being too little, resulting in you paying a hefty overage fee at the end of your lease.
Subscription: you won't be surprised as we will bill your km overages (if you have any) each time your subscription renews. Most car owners also provide high km allowances, leaving you free to decide how much you drive.
- Swapping Cars at Any Time
Leasing: you are committing to one car and over time, you may get bored with limited options in getting behind another car within your lease.
Subscription: you can switch cars at any time. This means that you can drive a nice SUV during the summer when you want to travel with the family or maybe a nice Coupe during spring when you feel sporty. The possibilities are endless and we're working on adding more variety to our available fleet.