Car Subscriptions | GIAS | PowerDrift

Car subscriptions are slowly making headway in India. People are warming up to the idea of having a car that's super easy to own. Having a car subscription is much like subscribing to your favourite streaming platform - you pay the monthly charges and you can use it to your heart's content. You don't have to worry about registration formalities, insurance, servicing and maintenance. All of it is taken care of by the company providing the car. All you have to do is drive it. Shumi and Rohan explain how the car subscription model works and how you can get a new car or a used one without any hassles.
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[@mani9389]

Currently subscriptions options available are way more expensive than owning a car, we need to see how it is going to pan out in future

[@1502abhijit]

The costs for the subscription model in India is just too high to actually entice am average buyer to go for it. You pay almost the entire cost of the car in 2/3 years depending on the model you go for and you still don't own it. Doesn't make sense. Added to this are the hidden charges in the model whenever you go for your annual service to the garage, no one is talking about this. The most honest answer I have seen on the topic is by another KZbinr, who clearly says it's not worth the cost.

[@HimanshuSingh-sr8qt]

Totally agree here

[@anshuranjan32]

Totally agreed. It just make more sense to buy the car and sell it after 3 years. You will be saving lot of money over subscription. These companies need to lower their charges. I did a lot of research on subscriptions while looking for a car and later decided it makes more sense to just buy one.

[@sd.6659]

Correct bro 👍☺️

[@umeshyadavoffical]

👍🏻

[@rrahul8585]

If they bring the current costs down by at least 20%, then only it is actually viable to subscribe to a car i believe

[@akshayjuneja1987]

My friend at Abu Dhabi has a Honda CRV at subscription. That was the first time I came across the idea of car subscriptions. Huge scope in India. Glad u guys educating indians about the technicalities of subscription model.

[@TheTwinPost]

What if the car that I got develops a technical problem not because of my mistake and stays in the service center for 20-30 days... though the repairs are all covered under insurance - but I'm still paying that month's subscription fees for basically a car that's parked at the service center for repairs. 🤔

[@AnandSriraman]

You'd be doing that anyway if you'd bought the car on loan and were paying the EMIs to the bank :)

[@TheTwinPost]

@@AnandSriraman Yes I would be... but that's also going towards the ownership part of my car. That's like paying EMI for a house I've bought..even if I'm not staying there I'm still paying EMI for its ownership. But in a renting situation in this scenario it's like I'm paying the rent of a house I'm not able to live in and is under repairs.

[@sidd4419]

@@TheTwinPost good question

[@rejogeorge7461]

they probably lent u a loaner car in the mean time

[@ishanksrivastava5658]

@@TheTwinPost EMI of a house and a car is completely different. Your house is an appreciating asset, its value will increase over time whereas your car is a depreciating asset, its value will reduce by every passing month. So even if your "owned" car was parked at service center it is aging and thus losing value. In case of subscription you just pay the amount which you used or "depreciated". Any thoughts?

[@foodsfor_thought]

I love it how this channel grew. Youngster to mature content. From how fast this bike can rev to how much you can save. Great job!!

[@ashwin9823]

Totally!!

[@VijayasarathyMuthu]

The subscription charges are so high. It makes no sense to subscribe when I can pay my EMI for the same monthly amount or less.

[@suhashchatterjee]

I have a d/f POV, when you're about to buy a car you shall pay Down payment which is of course from your savings right? And the rest shall be EMIs. Well it's of course not for the ones who want to keep their vehicles upto their 15 Years age limit so let's say if you plan to use that car for 1 year you can use that downpayment as the sub fees and you not need to pay the whole amount of car I hope I am able to explain what I am trying to say

[@rohannaik4761]

@@suhashchatterjeeWho the hell uses a new car for only a year unless you are earning 30LPA??

[@suhashchatterjee]

@@rohannaik4761 As said that's one's choice if you don't want to commit to 1 vehicle, I'd suggest watch the video once again my friend, this issue has been touched upon

[@sd.6659]

Correct bro 👍

[@VijayasarathyMuthu]

@@rohannaik4761 Yeah...even with 30LPA its not a right trade off..

[@rohannaik4761]

Still not a viable option to subscribe for a new car. The per capita income in India is still isn't high enough to assume that people change cars every 2-3 years because they get bored. Cars are very emotional and even to this date a lot of families buy cars by putting their years of hard earned money on line(still have to take loans). Only really well enough families (not even upper middle class), high class can afford to change car every couple of years. Honestly, where I live I haven't come across any family or individual who changes their car(new car) even in 5 years let alone 2-3 years. India is still good 8-10 years away for subscription based model to gain traction

[@rajasekargunasekaran3845]

An XUV700 AX7 PM cost 42300 per month on maintenance which equates to roughly 25L in 5yrs and still end of the tenure the vehicle is not mine. And that’s roughly the same as buying the vehicle on EMI. Is it worth the subscription?

[@deadnlovingit]

You have the option to own it at the end of 5Y tenure by paying an extra amount - preagreed upon. Worth it if you can

[@aRj_00n]

Notification showed the title of video... Sudden I thought powerdrift brought a video on Gas vehicles (Because of GIAS in the title)

[@222Amankr]

Apart from subscription fee there are hell lot of hidden charges when you take it for repairs or services. But its a good initiative. Unless and until we see more competition in the market, fingers crossed 🤞

[@222Amankr]

Rather it should start with EVs. Both will promote each other.

[@SrikanthSaman]

i think subscriptions are not going to provide any assert. lets say if we took a car for 2 yrs for at least 40k per month then at the end of the period you are paying about 9.6lakhs which doesn't give you any assert. if you buy a car with that price you can sell it at least for 5lkhs. we indians always wants the VFM. if you take UK market they providing this plan for very less price which is very encouraging.

[@ashwin9823]

From revving engines to saving money on engines . Happy to see you mature ❤️

[@cravenpeak12]

Moving towards a future where we don’t own anything? 🥴

[@chevvakulasrikanth9260]

"Meta"verse maybe.. 🧐🧐

[@saketgawali1981]

It's what you chose yourself.

[@CTR2K]

How about zoomcar rentals...I have to rent it out...is it better'... As I want to ease my emi burden??

[@UroCare_Nashik]

One think I have noticed about subscription/leasing videos is. Nobody talks about tax implications or benefits

[@venkatchanda2360]

I dont understand why Tata Nexon EV subscription price is higher than Nexon ICE car. Ideally EV maintenance is null? Could you explain why?

[@sathishmechy]

Best subscription PowerDrift ❤️

[@bsviky]

Subscription model is way too expensive for now. 36 month subscription is more expensive than owning maintaining and maintaining. Then you can't sell the car as you don't own it.

[@ashwinmishra3531]

Highly underrated chanel!! You deserve a lot more!!! A hell lot more viewers

[@paraagshah4153]

How much sense does subscription model make who wants to use for upwards of 25,000 km a year? Frequent long distance trips, touring, etc? The subscription models have a limit to which you can drive in a year, usually between 12,000 and 18,000 km per year. Do the additional charges per km justify going for subscription or is it better to buy the car (outright or EMIs)?

[@saishashaunktr6089]

Nice to see that shumi in a video something related to a car , if not in a an actual car review atleast!

[@ChaiMaskaPav]

Moral of the story - Chup Chap Paisa Kamao 15 lac below car lelo aur khush raho.

[@VikramGT7455]

If downpayment was the issue in buying. Why can’t I buy a gold or personal loan and pay it monthly with the car and own the car at the end of my tenure. I think in India very few percent will subscribe even after 10 years.

[@vspatmx7458]

As long as the headache of repairs and spares and servicing is taken care off And I continue to get a replacement car in the meanwhile then hell ya I am game for this model

[@suyashmadhavi1780]

Yes!!! Please do make a video on car leasing. Do we have to pay down payment?

[@nikhilchhabria]

Thank you for putting some light on this topic Powedrift!

[@andy4dude]

I'll go for subscription only for a new car. But obvious when you are paying more why go for a used one ?

[@amanjoshi7772]

Hello shumi sir, as i have been taught to use full clutch with four fingers to have proper gearing and I'm learning to use two fingers and it's not being full clutch, will it affect engine? Or how to use two fingers clutch? Can we have simplified on this? Two fingers clutching and engine..?

[@rohannaik4761]

No affect, as long as the shifts feel smooth and you are letting off the throttle while changing the gears, it is fine. Pro riders sometimes don't even use clutch to shift when the bike is on move(just blipping the throttle a bit before shifting, I assume many good bikers would be knowing that). I don't encourage u to try this enless u have gained enough confidence and experience in riding

[@chevvakulasrikanth9260]

Volkswagen also offers subscription

[@stophatred3030]

Great content finally!!!! Bingo powerdrift

[@RAXITH_playz]

As a guy earning 30-40k per month! It's not for us..! (I'm not earning, I'm just a student still)

[@linearequation99]

Thank you , came after watching ankur warikoo Excel sheet

[@rounakbhattacharjee752]

Great choice of topic... Please bring more such educating videos

[@arghyashrivastav8559]

Please make a video about leasing a car as well. Much love!!

[@chandanynot]

its still too expensive. I rather pay the EMI and own the car.

[@liquid28]

Skoda is offering too !!!

[@biplavbarua692]

I never knew I can really subscribe to a car in 2021!

[@rajdeepchelsea]

Can't comment whether people will subcibe for car or not but they will definitely subscribe this channel.

[@sayanlahiri7381]

So if i am in Maharashtra and move to WB after a year while i have a 3years subscription with a black number plate...i will have to pay a one time border crossing charges instead of having to go through the hassle of registration changes? What is the state border crossing charges for a 10lac rs car?

[@harshitsharma5048]

The subscription cost in this case is relatively high in India. But, out of curiosity I want to know what is an ideal subscription model according to you, where you would put your money on?.

[@RJ-vz2dx]

Still, too expensive

[@mdallauddin4120]

Let me know cost price

[@yeluripati]

We are waiting for next video on car leasing 😎

[@AnshumaanBakshi]

I am all for susbcription model, waiting for it becoming more competive in price.

[@sd.6659]

Id rather hire a car nd still save a lot instead of subscriptions where you pay money but still doesn't become the owner of it 👿👿👿👿

[@abhishekaditya6097]

For me :-Sumi is powerdrift and powerdrift is sumi.

[@tejasgaikwad01]

50k for thar is it per mo or yearly?

[@Chaos96_]

Monthly🤣

[@baddriversofdelhincr2502]

Powerdrift has lost its credibility

[@raiprateek1005]

Very sad to say this But it just won't work out in india 😑😑

[@charlyjohn9957]

There would be a significant shift of youngsters who would prefer this .... Pay it ... Drive it .. change it

[@cnailwal666]

@Shum & @Rohani: What do you think about NIO (Nissan Intelligent Ownership). I am think about it, but would be great to know your views on this.

[@rajwalker5493]

Waiting for car lease policy video.

[@pinak1683]

Will you guys be covering the EICMA news?

[@jayantamondal3570]

If all the ownership hassles taken care of by the manufacturer then it’s going to be a big hit

[@varunaol]

Great show… but Shumi must let Rohan finish his sentences 🙂

[@starkingx]

Sorry I prefer ownership.

[@kmanrox]

I want to subscribe to a used Tata Nexon ev how much would that cost The on road cost of the car is like 17 lakh here in banglore Let's say for 2 years or a year if it's like under 30k that would be worth it

[@sid6573]

50k for a thar and for the vfm mindset we have in the country, the lessee will be forced to drive around the world 🌎 twice every month to strike balance.. 😄😁😆🤣🤣

[@shashankrao6202]

❤️❤️❤️ PowerDrift

[@PremKumar-cd1el]

It’s a good idea but there are detailed TC which normal people doesn’t read and understand it

[@rohitsingh-kd8nv]

That's really great man!

[@aniketpal2420]

Day 108 of asking PowerDrift to bring back Holy Shift Season 2.

[@prajwalainapur4304]

Most under considered topic in India! Great that you guys are covering it.

[@anupamtheboss4536]

No interest

[@aashirwadtripathy1113]

why so low volume???.... editor please take note....the podcast also has the same problem 🤦🏻‍♂️

[@rachitdobhal2211]

Wont work for Indian consumers because we are good at MATHS!

[@dashcamvids]

if guy starts looking for a car starting from i want a red car....... i have no words for him.. :)

[@anuragmittal5527]

But I don’t understand what they are smoking. Leave all do’s and don’t . Look financially how is the viable. I am here after 6 month of this video ideally there should be some economical plan. Let me tell u one simple plan. Maruti is giving 12500 k per month that too for base model that is lxi and also u need to subscribe it for 48 month else if u choose minimum period which is 12 month it is 16 k. So if u take it for maximum months it will cost 12.5 * 48 = 6 lakh approx . After that u need to give ur car back. The original price of base model of swift is 7 lakh on road. This might seem still ok but this is Maruti which still cheap check Toyota and Hyundai too much expensive. I guess this is a very new model and it’s needs lots of maturity.

[@ishanksrivastava5658]

For a person buying Maruti worth 7 lakhs, he would be taking it on loan. For a downpayment of 1.5 lakhs and loan of 5.5 lakhs, interest amount @9% for 48 months goes upto 1.06 lakhs. So effective price of buying is 7+1.06 lakhs = 8.06 lakhs. Above this you have the insurance and maintenance which will easily go upto 1 lakhs for 4 years. 4 year old Maruti Ixi can be sold for maybe 3 lakhs. So isn't subscription pricing competitive to buying?

[@sumeet8446]

Dude ...EICMA 🤷🤷🤷🤷

[@ys-50989]

Car subscription is not at all value for money currently.

[@melvinmoses1739]

Love your videos But coming to subscription i don't think it will work in India, Not everyone drives for status symbol Many of us have sentimental value towards our cars. Also you don't own the car in a subscription , so you can't sell it and recover some of the money

[@Prathameshlad2009]

Hey PowerDrift, please make a video about bikes and cars that you guys own and use. That would be an interesting video. Cheers!

[@udaypremji]

Good information 👍

[@ShivajiD9]

Very expensive Instead I will invest in car by paying EMI 3 years. And will keep it for at least for 10yrs

[@imrojzaman793]

a fool's errand it will be for a middle class people

[@dinensur1997]

I will likely to get a car subscription soon...

[@3aaa.systemssrinivas358]

Just in simple words, its waste of money.

[@paulmorais476]

👍

[@Feroz206]

First to like

[@praveendunga]

Subscription only help people who want it for a month or two months of usage without ownership hassle.