Trying to Save Some Money? How About Getting A Vehicle Subscription?

Inflation rates are hitting all-time highs right now. The average person’s ability to afford common things has taken a bit of a hit across the board.

Consequently, everyone is searching for ways to cut costs wherever they can and modifying living situations to reduce spending.

Mobility is one of the things that any society cannot do without. It has the capability of halting the economy when hit with severe issues. Hence, any option that provides you with some financial flexibility is worth considering, and availing yourself of a vehicle subscription is certainly a viable option.

Take the stories of MAX champions, for instance, particularly that of Olukojo Damola Quadri. When he was trying to acquire a three-wheeler to start his business, even the most flexible payment plan for purchasing the vehicle required a down payment of over 70% of the vehicle’s worth.

On the flip side, an ideal vehicle subscription, like the one designed by MAX, requires no down payment.

Now let’s look at a few more ways getting a vehicle subscription helps keep some extra money in your pocket.

There are no hidden costs.

Maintenance, servicing, insurance, and registration are just a few of the costs that you must bear as an automobile owner. Over time, these costs can add up to a significant amount.

With a subscription plan like this, these payments are usually handled by the service provider. Hence, you never have to worry about sorting out renewing papers, or vehicle maintenance.

No balloon payments.

A car finance balloon payment is a large one-time payment made at the end of various forms of vehicle financing. It might be problematic if you do not have a firm strategy in place for making the huge payment when it is due.

Subscribing to a cost-effective periodic payment (aka a vehicle subscription) can very well prove the safer choice when you are trying to keep costs down.

More value over time

A widespread misconception regarding vehicle subscriptions is that they may provide roughly the same or less value over a long period. However, when you include depreciation, market fluctuations, interest, and loan settlement fines and costs, you may discover that purchasing a vehicle outright is more expensive.

Newer vehicles with less risk

Instead of settling for an old vehicle, vehicle subscriptions provide you with a completely brand-new one. You also gain the most recent technology and safety features available on the market. And when you opt for an electric vehicle, you can also reduce greenhouse gas emissions.

As a bonus, car subscriptions with MAX come with health insurance coverage for you and your family. They also come with a 24/7 support team to assist in the case of any vehicle emergency.

In this period of economic uncertainty, we understand that you want to prioritise saving a little money here and there, especially for other immediate needs. This is why MAX payment plans are uniquely tailored to give you the greatest ease as you avail yourself of that much-needed vehicle.