Transportation is changing very quickly. Ride service, car-sharing, and other ways of getting around have made purchasing and owning a car less desired. A brand new startup entitled Carma is offering a new in-between way for customers who want to own a car without all the frustrating requirements. In place of owning a car, you subscribe to one.
Carma launched publicly recently at the Startup Battlefield at TechCrunch Disrupt SF 2018. Its system is more flexible than a lease, cheaper than hourly or daily car-share services and precision-targeted at millennials (whatever those are) and dealerships.
It works like this: You pick from a variety of new and newish vehicles sourced from the inventory of car dealerships in the area. For a set monthly fee you basically get to treat it like your car. Insurance is included, as is ordinary maintenance — you’re mainly on the hook for gas and a few incidentals.
Keep paying for as many months as you like, or just one, and when you don’t need the car anymore, just give it back to the dealer. Boom, you’re car-free again.
Read more here
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