Why is Everything Subscription-Based, Even Cars?

11.20.22 12:43 PM By Aria

A subscription-based pricing model is a payment structure that allows a subscriber, customer, or organization to subscribe to a particular product or service for a specific period of time for a set price. 


Today, we are all surrounded by subscription-based business models in our everyday life. Netflix, Spotify, Amazon Prime, and Dollar Shave Club are some of the well-known names in this standard. 


As cars get more expensive and profit margins dwindle, automakers and other companies are coming up with new and loathsome ways to squeeze more money out of their customers. Subscription-based access to vehicle features 


Are auto subscriptions the next big thing? 


Traditionally, if you want to drive an electric vehicle and do not want to borrow one from a friend or family member, the only available options are to buy a new or used EV, lease a vehicle, or rent a car. Buying an EV can be expensive, and you must shop for car insurance.  


So, to give you more freedom, a new and much more convenient option has emerged — car subscription.   


A car subscription is a monthly plan that grants you access to various vehicles for a flat fee. Compared to the traditional way, car subscription services have much more flexibility. You have more choices about the make and model of your electric vehicle and you can often swap it out for a different one if you grow tired of it.   


At least five automakers — Audi, BMW, Cadillac, Porsche, and Tesla — are rolling out a subscription model for specific options. With this business model, consumers would pay monthly or annual fees to use features such as active driving assistance or voice recognition, even if those features are already built into the car. 


Here's a fun question: how many subscription products or services do you use daily? The chances are that the number's higher than you realize. From coffee to cars, there's a subscription for everything today. 


Although consumers might have gotten used to subscribing to music, movies, TV shows, and even clothing, a subscription model for automotive options would dramatically shift how cars have been sold for more than a century.  


T4L Car Subscription  


T4L, Transportation 4 Life, is one of the few vehicle subscription companies in the USA today offering a world-class car subscription service. As a member, you can experience all the benefits and perks other car enthusiasts do not have access to.  


The company provides an EV with all the details handled and managed perfectly, including insurance, taxes and registration, vehicle swap, maintenance, vehicle refresh, and software updates. It also includes charging and roadside service support, plus concierge priority service.    


Your Membership Subscription with T4L also includes home charging equipment and installation. However, the cost of electricity at home is the responsibility of the T4L Member.  


T4L provides a method that delivers value and best-in-class services to garner significant customer loyalty, relationship, and growth by offering "Enjoyable & Easy Transportation Access."  


For more information, visit https://www.t4l.me/