To draw customers to their products, automakers are increasingly presenting new ownership possibilities. Moving along in that direction, Volkswagen has started a leasing and subscription service for its recently released car, the Virtus. Volkswagen Virtus has received positive feedback from Indian consumers. Volkswagen's Subscription and Power Lease models are available for the Taigun and Virtus.
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What is Vehicle Subscription Program?
A car subscription service makes it possible to own a car on a monthly fee basis without making a down payment. By paying a monthly charge, a consumer can drive home a vehicle, and the OEM or the subscription company will cover all additional costs including insurance, maintenance, and roadside support. After the subscription period has ended, the consumer can choose to extend their subscription, upgrade their vehicle, or purchase the vehicle outright at market value. The plan offers tenure options of 24, 36, and 48 months.
Volkswagen Virtus Subscription Model
Prospective consumers can choose a tenure starting at 2 years and going up to 4 years under the subscription model to subscribe to the Virtus. Customers can select the variant they desire and then pay an advance rental fee and a security deposit. Additionally, this specific model includes term insurance, scheduled maintenance, and unscheduled repairs as part of its ownership fees. Additionally, it offers customers the option to upgrade to a new car at the end of the rental time or return the vehicle after use. The Volkswagen Virtus's monthly subscription rates begin at Rs 26,987 (ex-showroom, Ahmedabad).
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Volkswagen Virtus Power Lease Model
The flexible 2- to 4-year duration of the "Power Lease" option has no upper cap. The extra benefit includes keeping the automobile after the lease is over for 20% off the ex-showroom cost. Refinancing possibilities for the buyback of the vehicle provide as further support for this. Rents for Power Lease begin at Rs 29,991 per month (ex-showroom, Ahmedabad).
There is no kilometre cap on any option, so clients can drive as far as they want. More consumers will be attracted to the product as a result of the lease and subscription options. Other manufacturers, like Maruti Suzuki, also provide subscription services for their automobiles in India.
