Rapid growth observed in the German electric vehicle market - an explanation of the car flatting concept
vibe moves you, a company specialising in e-mobility solutions, has announced the launch of its electric car subscription service in southern Germany. With plans to expand to other regions, the company aims to offer flexible, all-inclusive monthly subscriptions for electric vehicles (EVs), providing a convenient alternative to traditional leasing and purchasing.
How vibe moves you EV Subscription Works
Unlike traditional leasing and purchasing, vibe moves you's EV subscription offers customers the ability to choose various EV models, customise mileage allowances, and select contract lengths tailored to their needs. The service removes long-term commitments and upfront purchase costs, making it a more flexible and affordable option. vibe assumes the resale and durability risks of the EVs, further reducing risk and cost for customers.
Key Differences Compared to Traditional Leasing and Purchasing
| Feature | vibe moves you EV Subscription | Traditional Leasing | Traditional Purchasing | |------------------------------------|------------------------------------------------------|--------------------------------------------|-----------------------------------------| | Commitment | Flexible with no long-term contracts | Fixed lease period (often 24-36 months) | Ownership, long-term commitment | | Upfront Cost | Usually a monthly fee with no large down payment | Initial payment and monthly lease fees | Large upfront purchase or financing | | Mileage Options | Customizable mileage allowances | Fixed mileage limits, with fees for overuse| No mileage limits | | Maintenance & Insurance | Typically included in the subscription | Often separate or bundled as part of lease| Owner responsibility | | Resale and Depreciation Risks | Assumed by vibe moves you | Assumed by leasing company | Assumed by purchaser | | Vehicle Variety & Flexibility | Switch models or end subscription with flexibility | Limited during lease term | Full ownership, but limited flexibility |
Additional Offerings
vibe moves you also offers revibe, a used EV program, giving customers lower-cost, thoroughly inspected used EVs with fixed terms, further reducing risk and cost.
Considerations Before Signing a Car Subscription Contract
Before signing a car subscription contract, it's important to compare offers carefully, considering factors like minimum and maximum age, kilometer package, deductible, startup fee and deposit, availability and delivery, and return policies. Make sure to meet the agreed return date, as late returns can result in additional fees or automatic contract extension. Depending on the provider, you may need to return the car yourself or have it picked up, often for a fee.
The Benefits of a Car Subscription
A car subscription comes with advantages such as an all-inclusive package, no long-term commitment, quick vehicle change, no worry about depreciation, and short delivery times. The subscription includes insurance, maintenance, repairs, vehicle tax, and registration, among other costs.
Other Players in the Market
Startups such as Finn, Vivelacar, Like2drive, Nextmove, and vibe moves you focus on e-mobility and offer flexible contract models. They often stand out with modern, fully digital processing and clear pricing structures. Compared to classic car rental, the subscription stands out through the longer usage duration and cheaper monthly price if the vehicle is needed for a longer period.
Car rental companies like Sixt, Europcar, and Miles offer vehicles from various manufacturers for those who want to try different models, but they often work with fixed vehicle categories.
Conclusion
vibe moves you's electric car subscription service is designed for maximum convenience, flexibility, and risk reduction compared to the more rigid, long-term, and sometimes costly commitments of leasing or owning an EV outright. With its launch in Germany, customers can look forward to a more affordable and flexible way to enjoy the benefits of electric mobility.
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