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I think you are on to something RE using dealership cars as high-end rentals. I use DriveFlow, which is a Car as a Service. It is owned by a dealership chain.
by GhettoMaestro 7y ago
I think you are on to something RE using dealership cars as high-end rentals.
I use DriveFlow, which is a Car as a Service. It is owned by a dealership chain.
It is $1100/mo. I love it.
https://www.driveflow.com/ https://www.driveflow.com/
- Loughla 7y ago>$1100/mo. Holy crap, really? How much do you use it to justify that high of a cost? My car, and this number is going down monthly because I paid for it in one lump and it's getting older every month, only costs me $416/mo with maintenance and fuel. I suppose it saves on storage, but I already had a place to store said car, so that's not really an added cost? Edited to reflect an accurate number after I realized I double entered insurance in fuellog for a year.
- quickthrower2 7y agoDepreciation costs?
- GhettoMaestro 7y agoYeah, so for $1100/mo I get: - Insurance (1K deductible) - Unlimited vehicle swaps - 1200 miles/mo - Each car comes freshly detailed and is usually under 3000 miles - Unlimited (local) roadside assistance swaps - eg if I get a flat tire they will come swap me out into another car and I just drive away - this happened to my wife and it was amazing to just grab and go - Allowed to put pets in the car (extra $100/mo) As I have customers I drive around in-town frequently, I always need to have a nice, modern, clean car on short notice. The cars so far have been BMW m240i, Audi S3/S4, Audi Q5, Land Rover Discovery. I feel it is worth the cost. My BMW lease before this was $700/mo. And then add in insurance, detailing, maintenance (tires). It is about the same honestly. I just have a lot more flexibility now. Also it is a monthly operating expense, which makes the tax situation a lot easier (versus lease/purchase and then reflecting that on taxes).
- w457uiw4gftyi 7y agoI didn't know that DriveFlow exists but it's exactly what I've been looking for in a service to replace car ownership: -No manufacturer lock-in (different manufacturers excel at different things) -No maintenance burden -No long/medium term commitment to a single vehicle (maybe I want a minivan for a long summer roadtrip but not all summer or all year) ... but the cost is truly eye-watering. I had my first kid last year so I got a more family-friendly car than the little coupe I'd been driving. I struggled to decide between a midsize sedan (cheaper, more fun to drive, easier to park, suitable for 95% of the family's driving tasks) or a larger SUV (generally worse, but suitable for 100% of the family's driving tasks). This would have solved the dilemma for me ... except I think I could just own a decent midsize sedan AND a decent larger SUV for $900 or more per month.