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Why get a subscription?

Car subscription is all about flexibility, control and affordability. Subscription prices compare favourably to traditional car ownership and you can have an amazing new car experience without having to worry about unforeseen circumstances. Simply select your car, your subscription term and drive away, its that easy. Even better, at the end of each term, you can select a new car that meets the needs of your changing lifestyle.

What kind of package should I be looking for?

Subscription should include everything into the price except for fuel and tolls. Registration, Roadside and Insurance should all be bundled into your subscription fee. There should be plenty of flexibility when it comes to swapping cars and every car up for subscription should be brand new or with very few KMs on the odometer. Don’t pay too much for used cars! There should also be no up front fees when subscribing to a car and no obligation for long term commitment.

Karmo vs Buying vs Leasing

Ownership Comparison

Karmo subscription is extremely comparable to ownership in price but comes with added convenience, flexibility and a permanent new car experience. Karmo swaps your car every 4-6 months for a brand new one, so in the time you have paid off your car, you would have had 6 Karmo vehicles.

Costs collected from average merchant pricing. Financing calculated over 3 year term.

2022 BMW X5

Ownership

Traditional running costs
  • Loan Repayment
    $966
  • On Roads
    $53.66
  • Service
    $0.00
  • Tyres
    $5.83

Weekly total: $1025.49
Traditional running costs
  • Depreciation
    Included
  • Interest
    Included
  • On-road costs
    Included
  • Servicing and tyres
    Included

Weekly total: $595.00
2022 Nissan X-Trail ST

Ownership

Traditional running costs
  • Loan Repayment
    $268.1
  • On Roads
    $41.06
  • Service
    $12.13
  • Tyres
    $4.43

Weekly total: $325.72
Traditional running costs
  • Depreciation
    Included
  • Interest
    Included
  • On-road costs
    Included
  • Servicing and tyres
    Included

Weekly total: $220.00
2022 Toyota RAV 4 Hybrid

Ownership

Traditional running costs
  • Loan Repayment
    $310.80
  • On Roads
    $40.50
  • Service
    $5.11
  • Tyres
    $4.43

Weekly total: $360.05
Traditional running costs
  • Depreciation
    Included
  • Interest
    Included
  • On-road costs
    Included
  • Servicing and tyres
    Included

Weekly total: $310

Want to learn more about EV Subscription?

Benefits of subscription

No Commitment

Subscription is extremely flexible and easy to sign up to. A lease is generally a much longer term commitment, which is normally around 3 years. There’s a good chance circumstances or lifestyles can change within that time, which means you’ll have to keep paying out the rest of your lease even when you no longer want the car, or pay out a large termination fee. Subscription allows you to be flexible with term length while only paying an all inclusive weekly fee.

Low Risk

When buying or leasing a car, your risk is a lot higher for damage and general wear / tear. Leasing is also very vague in what their wear and tear policies actually cover. If you use a subscription service like Karmo, you receive a brand new car every 4 months. Not only does this mean you are very unlikely to receive any wear and tear, it also means you’ll never really have to make time to go to the mechanic.

Low Cost

As shown above, averaging out your car expenses for the year and putting into a weekly sum can be hefty. A lot of people don’t take depreciation into account when buying a car even though it’s the biggest loss your car will take. A Karmo subscription allows you to pay one neat and affordable weekly sum that ends up being less than new car repayments and costs.

Low Maintenance

All subscriptions come with comprehensive insurance, 24/7 roadside assistance and your car is always covered under a warranty. Cut down your visits to the mechanic and dealerships.

Thinking a Karmo subscription might be right for you?

Get in contact with us to learn more about our subscription model.