GoCar Malaysia has announced its new car subscription service, offering vehicular ownership experience without committing to purchases that typically involve hefty downpayment and insurance.
What’s more, GoCar Subscription gives you the option to cancel your subscription as and when you desire, so one will not be tied to a multi-year car lease. A refundable deposit of RM2,500 will also be charged to your account at the start of your subscription.
For example, the company is offering vehicles such as the Nissan Almera for RM1,600 a month, and the Renault Captur for RM2,500 a month. Keep in mind that the monthly fee includes the extras, such as insurance, road tax, maintenance, mileage and roadside assistance.
As part the launch programme, GoCar is offering 50% off your first month (for GoCar members only, comes with a three-month commitment) when you sign up for GoCar Subscription between July 10, 2019 and October 9, 2019.
Those who want the flexibility to cancel your subscription at any given time, you can opt for the monthly subscription option. Interestingly, GoCar also allows two additional drivers to be bound to a car, but they must be GoCar members and be present during the sign-up process. What do you think of this?
Looking to sell your car? Sell it with Carro.
1600 for almari?? Wth …
Cibai diam laa
Can use for Grabcar. 500km mileage in 1 day,
1600 for this junk? better get a new Proton X70.
Proton is junk la bodoh.the shit Proton
Hehehe… RM1, 600 per month for Almera. I’d rather buy a new car. Hehehe…
1.6k/month for almera..just not an affordable option here. maybe it’s due to the high car price Vs low income of the mass. End of the day, lease or rental just doesn’t work here.
RM1600 a month for Almera? serious?
That is the same like paying 0 downpayment for your HP ^^
wth, i just rented 2k last few month back… missed the 50% off…
Wow , fantastic idea
WTF?! Rm1600 per month I can pay monthly installments for a freaking Teana! Why do I pay that much for a rental of an Almera?!
D/p le? Can u sell your teana as and when u like? Maintenance?
Then can you sell this Almera Gocar as when you like? You pay so much but get nothing in the end. You like this may not be others like.
Nah….RM1600 is just too much.
Its just like our taxi industries…..
It’s a good way forward. More expensive definitely, but ultimately owning a car and selling after 5 years also has many setbacks. Moreover, some cars are great to drive but has high depreciation cost. Nevertheless, if those low volume Manufacturers are hard sell, they will tie up with companies like GoCar to offer subscription base package. Read from many US & UK ads, any qualified driver can just drive off a car with subscription for 12 or 24 calendar months, then change another car as little as USD199/month. If we do the maths proper, there is not much difference in owning, sell after 5 years in comparison with subscription if your car has high depreciation value. Anyhow nowadays, every car has high depreciation value especially the more expensive ones. It is just in the mind, when u own it u can still sell it but subscription u don’t own it and at the end of the day u return the car, goes home empty handed.
tried this short term car rental thing. i live in middle of the city and it’s negates the need for a second car.
although i would say their main competitor SoCar has superior selection and easier check-in process.
it is good to have the idea of car ownership change from single use to subscription model. most cases people are ok w/ small cars, but there’s always the use cases where you want a SUV or a large car …
1 day around rm56, pretty affordable for folks that needs a car short term. no need worry maintenance & repairs.
for Go Car they will need to rent a car out for at least 3-4 years to break even not including interest from banks.
Lolz! Almera repayment only cost RM500 monthly. For RM1600, I shud expected it to come with unlimited petrol. Old unkers at Tan Chong really dunno how to do business anymore.
for rm500 a month your downpayment must be really high and must be going for 9 years loan.
rm1600 rent still afordable
but for old fugly almari is unacceptable!!
Another way of sambung bayar ?
For rm82k Almera, 100% loan, 3% rate, 5 years tenure, monthly payment is rm1571 per month. You need to pay for insurance and some maintenance but there is some residual value at the end, maybe 30k? Of course you can’t get 100% loan but that is just for calculation purposes only. Conclusion: normal hire purchase is better.
Given the huge depriciation of French cars in Malaysia and their reliability issues, this might be by far the best way to have a Captur.