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the importance of the car
According to the Federal Statistical Office (FSO), at the end of 2022, 4.72 million passenger cars were on Swiss roads. Overall, the rate has increased by over 27 percent over the past 20 years. This shows that the car plays an important role in traffic in Switzerland. Most are dependent on their own vehicle.
This is the monthly cost of a car
Touring Club Schweiz (TCS) assumes as a guideline approximately CHF 938 per month or CHF 11260 per year. That’s for a model car worth 39,000 francs and mileage of 15,000 kilometers per year. In addition to fixed costs for supply, depreciation, insurance, taxes, garage or parking space, variable costs for service, maintenance, tires and fuel are also included.
Vehicle subscription, rental, purchase
More than half of the vehicles are rented. The advantage lies in monthly installments and the fact that you can always use the latest model, according to the Swiss Automobile Trade Association. The same goes for the car subscription, which Swiss start-up Carvolution launched in 2018. With the advantage that it is even more flexible and in most cases cheaper than leasing compared to the comparison service Comparis. One thing is clear for Carvolution co-founder Léa Miggiano: “A car subscription is an attractive alternative to buying or renting.” The total cost can be calculated with maturity options ranging from 3 to 48 months, a one kilometer package you can choose and a monthly fixed price that includes everything. Cash only purchase is cheaper. Provided the new car has been used for more than six years and the person is willing to invest a larger sum and bear the corresponding risk of financial wear.
look at total costs
According to a study by the University of Mannheim and Yale University in the USA, car owners underestimate the total cost of their cars by almost 50 percent. Léa Miggiano is familiar with this miscalculation because potential Carvolution customers compare the rental fee with the flat subscription fee. «The higher monthly fees for subscriptions are deceptive. Because the car subscription is an all-inclusive price that includes additional costs such as comprehensive insurance, taxes and maintenance. With leasing, all of these costs come in addition to the leasing fee,” emphasizes Miggiano.
This is how cost comparison succeeds
Carvolution offers a free total cost comparison to all interested parties. For this to make sense, the same framework conditions must be given for subscription and rental. This means that the configuration of the car, the duration of the contract, the mileage package, insurance coverage, exemption, down payment and additional services must be the same. “Most comparisons relate to 36 months, as the advantage of a car subscription is obvious for shorter periods,” Miggiano says. The shorter the lease, the higher the rate. In the short term, the subscription is also slightly more expensive, but the effect is much stronger with rental as this is not usually offered for 12 or 24 months.
price bet
Léa Miggiano is quite clear: her subscription has an attractive price. “The car subscription seems expensive. But numerous studies and analyzes show the opposite.” That’s why Carvolution now offers the best price guarantee. This means that if you compare the subscription you want with the rental in the same vehicle and under the same frame conditions, with Carvolution you will definitely not pay more. The offer has been around for a month, “since it started we’ve had very different total cost comparisons. Up until now, the car subscription has always been cheaper, we just needed to lower prices at Tesla,” stresses Miggiano. Meanwhile, they had adjusted the price of the affected Tesla model.
Why is the subscription attractively priced?
Carvolution buys large quantities of vehicles, insurance, tires and more and operates one of the largest fleets in Switzerland, providing excellent conditions. The start is limited to about 50 cars of various brands, all equipped with modern equipment. This focus contributes to the price advantage. With the rental, customers are free to choose the vehicle, configuration and extras that affect the price. However, Carvolution offers a great variety: from small cars to SUVs, from Fiat to Porsche, electric or combustion engines, there is something for all needs.
Comfort and calculable costs
Vehicle subscription with an all-inclusive package with a monthly fixed price offers many conveniences as well as calculable costs. Because everything about cars is taken care of by Carvolution. Customers only need to refuel or recharge themselves. The subscription is easily managed via the app: set the mileage package, choose a tire garage, find roadside assistance. “This is very admirable and should not be forgotten in the whole price discussion,” Miggiano says. Anyone in doubt can use the best price guarantee or individual total cost comparison to calculate the monthly cost of the car.
we are on the way
According to the traffic microcount, we travel 11,194 kilometers per person and year in the interior. About 21 kilometers out of 30 kilometers per day are covered by car. The survey of 55,000 people shows why the car is the first choice: The most convenient and simplest solution – and in 16 percent of cases there is no alternative to public transport. “Anyone who is dependent on a car on a daily basis will find a solution with a car subscription that is accountable and has low total costs,” Miggiano said.
Source: Blick
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
