In major metropolitan areas, a new form of vehicle “ownership” is becoming available – subscriptions. How is that different from leasing a car?
The biggest difference is the time frame: Rather than being tied to a years’ long lease, subscriptions give you the ability to “own” a car on a month-to-month basis. These subscription plans include insurance, saving the time and headache of hunting for a policy yourself. Also unlike a lease: You will not have the option to buy your car at the end of your term.
Ford, Porsche, Cadillac, and now Volvo are among the carmakers giving drivers the option of a subscription.
Read more of the original article at Slate.