![\"Roam](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/02\/RoamLogo_Supplied_264x111.jpg\" "\\"Image:")
Founded in 2020, Roam is a Toronto-based car subscription service that provides access to over 40 models from more than 15 car manufacturers. Plans start from one month in length, and you can pick up the vehicle yourself or pay to have it delivered to your door.<\/p>Pros<\/h4>- Easy sign-up process<\/li>
- Plenty of vehicles to choose from<\/li>
- Can customize a plan to suit your needs<\/li><\/ul><\/div>
Cons<\/h4>- Toronto only<\/li>
- Membership fee<\/li>
- Insurance deductibles start from $2,500<\/li><\/ul><\/div><\/div><\/div><\/article>
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Steer EV![\"Picture](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/02\/Steer_Supplied_200x150.jpg\" "\\"Image:")
<\/h3>
Steer EV is a car subscription service that specializes in electric vehicles. It offers access to over 300 vehicles and has locations in Canada and the USA.<\/p>
- How it works:<\/strong> Download the Steer EV app and browse the available plans. Choose the plan and vehicle you want, then schedule a date and time for delivery. If you want to cancel your subscription, you\u2019ll need to give 30 days\u2019 notice.<\/li>
- Rental period:<\/strong> You pay by the month.<\/li>
- How much it costs:<\/strong> The cost varies depending on the vehicle and plan you choose.<\/li>
- How payments work:<\/strong> Payment is monthly via your credit card. You\u2019ll be billed for your first payment on the day you take delivery of your vehicle.<\/li>
- What\u2019s included:<\/strong> Insurance, routine servicing and maintenance, roadside assistance and a concierge service are all included. The plan you choose determines the vehicles and features available:
- Preferred Plan:<\/strong> Two vehicle swaps a month and Tesla Model 3 available.<\/li>
- Preferred Plus Plan:<\/strong> Two vehicle swaps a month and choose from a Tesla Model Y or Jeep Wrangler 4xe Unlimited Rubicon.<\/li>
- Premier Performance Plan:<\/strong> Unlimited vehicle swaps per month and choose from a Tesla Model S, Tesla Model X or Jaguar I-PACE.<\/li><\/ul><\/li>
- Types of cars available:<\/strong> You can choose a battery, plug-in or hybrid electric vehicle.<\/li>
- Canadian locations:<\/strong> Toronto, Vancouver.<\/li>
- Eligibility requirements:<\/strong> The primary subscriber must be 26 years old or older, while the secondary driver must be 23 or older.<\/li>
- Is Steer EV legit:<\/strong> Yes. Steer EV is a legitimate provider with headquarters in Washington, DC. It launched in Toronto in March 2021.<\/li><\/ul>
Pros<\/h4>- Vehicle swaps available<\/li>
- No upfront subscription activation fee<\/li>
- Free delivery<\/li>
- Easy way to try an EV<\/li><\/ul><\/div>
Cons<\/h4>- Not available in most areas<\/li>
- No vehicles for drivers who prefer gas vehicles<\/li>
- No pricing information available on the website<\/li><\/ul><\/div><\/div><\/div><\/article>
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ShiftRide![\"Shiftride](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/02\/ShiftRide_Supplied_200x150.jpg\" "\\"Image:")
<\/h3>
ShiftRide is a car subscription marketplace where car owners and dealers can list their vehicles for other users to lease. As a subscriber, you can browse the available vehicles and find a subscription that meets your needs.<\/p>
- How it works:<\/strong> The owner who lists their car gets to set their terms such as the price, the length of the subscription, the mileage limit and other restrictions (such as whether pets or smoking are allowed in the vehicle). If you need a vehicle, you can browse the marketplace to find a vehicle near you with suitable terms and then reserve the model you want.<\/li>
- Rental period:<\/strong> This depends on the car owner.<\/li>
- How much it costs:<\/strong> The cost varies depending on the vehicle and subscription offered. You\u2019ll also need to pay a refundable deposit (the amount varies based on the vehicle) when you subscribe.<\/li>
- How payments work:<\/strong> Payments are automatically charged to your credit card at least 24 hours before your subscription begins or renews.<\/li>
- What\u2019s included:<\/strong> You get use of the vehicle, routine maintenance, ShiftRide support and insurance.<\/li>
- Types of cars available:<\/strong> The cars are less than 15 years old and have been driven less than 250,000km.<\/li>
- Canadian locations:<\/strong> Most of the cars are in Southern Ontario.<\/li>
- Eligibility requirements:<\/strong> You must be at least 19 years of age and hold a valid G2 or G driver\u2019s licence (or equivalent if issued outside of Ontario\/Canada). To qualify for ShiftRide\u2019s insurance, you will also need to have no more than three tickets or major accidents in the past three years, have no more than three demerit points, have no major violations or alcohol\/drug-related incidents in the past seven years and have not had an accident with ShiftRide. You also need to maintain a high ShiftRide rating.<\/li>
- Is ShiftRide legit:<\/strong> Yes. ShiftRide was founded in 2016 and is based in Toronto.<\/li><\/ul>
Pros<\/h4>- Wide range of vehicles available<\/li>
- Flexible terms available<\/li>
- Easy to use<\/li><\/ul><\/div>
Cons<\/h4>- Most listings are in Ontario<\/li>
- Cars are often older than those offered by other subscription companies<\/li><\/ul><\/div><\/div><\/div><\/article>
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Porsche Drive![\"porsche](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/08\/porsche-200x200-150x150-1.png\" "\\"Image:")
<\/h3>
Porsche Drive is a subscription program offered by Porsche Canada. You can choose from a monthly or three-month subscription and choose to drive either one model or the entire Porsche range. Porsche Drive also offers daily or weekly rentals through the Porsche Drive \u2013 Rental program.<\/p>
- How it works:<\/strong> Download the Porsche Drive app and sign up (or sign up on the Porsche Drive Montreal website if you live in Montreal). Choose a monthly subscription, then choose the vehicle you want and schedule a delivery time.<\/li>
- Rental period:<\/strong> You can rent for one month or three months with a single-vehicle subscription or monthly with a multi-vehicle subscription.<\/li>
- How much it costs:<\/strong> A single-vehicle subscription plan features a $750 activation fee (waived with a three-month plan). The cost ranges from $2,650 to $4,200 per month (plus taxes) depending on the vehicle. A multi-vehicle subscription plan features a $750 activation fee and costs $4,500 per month (plus taxes).<\/li>
- How payments work:<\/strong> Payment is via credit card. Your first payment is charged to your card when the delivery of your first vehicle is confirmed, and subsequent payments are charged monthly in advance.<\/li>
- What\u2019s included:<\/strong> You get insurance, personal concierge, roadside assistance, vehicle maintenance, seasonal tire change and free delivery and pick-up (within 50km of participating Porsche dealership).<\/li>
- Types of cars available:<\/strong> Porsche.<\/li>
- Canadian locations:<\/strong> Toronto, Kelowna, Vancouver and Montreal.<\/li>
- Eligibility requirements:<\/strong> You must be 25 years old or older, have a valid driver\u2019s licence and a clean driving record.<\/li>
- Is Porsche Drive legit:<\/strong> Yes. Porsche Canada runs this program.<\/li><\/ul>
Pros<\/h4>- Access to luxury vehicles<\/li>
- Unlimited vehicle swaps<\/li>
- Complimentary delivery and pick-up available<\/li><\/ul><\/div>
Cons<\/h4>- Not cheap<\/li>
- Not available in all locations<\/li>
- $2,500 insurance deductible<\/li><\/ul><\/div><\/div><\/div><\/article>
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Car subscriptions in Canada: Shifting gears from car ownership?<\/h3>
In the post-pandemic world, Canadians may be starting to think twice about whether they need to own a car. New vehicle sales in Canada in 2022 reached their lowest level since 2009, according to DesRosiers Automotive Consultants Inc<\/a>.<\/p>A total of 1.49 million new vehicles were sold in 2022, a 9.1% decline from 2021. However, the COVID-19 fallout wasn\u2019t the only factor behind this drop in sales, with supply chain issues and uncertain economic conditions also having an impact.<\/p>
COVID-induced supply shortages have also resulted in rising car prices for new and used vehicles. In December 2022, Canadian Black Book reported that the average listing price for used vehicles was more than $36,000<\/a> \u2013 a significant investment for most people and a good reason why you might want to consider a car subscription if you don\u2019t need a long-term vehicle.<\/p><\/div>How much do car subscriptions in Canada cost?<\/h3>
There are several factors that can affect the cost of car subscriptions in Canada, such as the following:<\/p>
- The make and model you choose.<\/strong> A high-end luxury vehicle costs more than an entry-level sedan, while you\u2019ll also pay more to use a seven-seater SUV than a small hatchback.<\/li>
- Any extras.<\/strong> If you want to add additional mileage to your plan or sign up extra drivers, you\u2019ll need to pay for the privilege.<\/li>
- The company you choose.<\/strong> In addition to the base subscription fee, you\u2019ll also need to consider any sign-up fees and security deposits that apply.<\/li><\/ul>
As a general guide, expect prices to start at around $900 a month for an entry-level or older-model vehicle. However, choose a premium model, and you could pay $2,000 or more per month.<\/p>
Who is eligible for car subscriptions?<\/h3>
Eligibility requirements vary between car subscription services. However, as a general rule, you will need to meet the following criteria:<\/p>
- Be a Canadian resident.<\/li>
- Hold a valid driver\u2019s licence.<\/li>
- Meet a minimum age requirement (often 23 or older).<\/li>
- Have at least one year of car insurance history.<\/li>
- Have a clean driving record.<\/li><\/ul>
Factors to consider when choosing the best car subscription<\/h3>- Cost.<\/strong> Compare similar vehicles across different providers to find the best price. However, don\u2019t forget to check for any hidden fees that may apply, such as sign-up or car delivery costs, and find out how much you\u2019ll have to put down as a security deposit.<\/li>
- What\u2019s included.<\/strong> Read up on what features are included in your monthly subscription fee, such as insurance cover, registration costs and basic vehicle maintenance. Also check whether there\u2019s anything you\u2019ll pay extra for, such as more mileage or adding an extra driver.<\/li>
- Vehicles available.<\/strong> The best car subscription service for you will offer access to the type of vehicle(s) you want to drive. Browse the inventory to make sure any type of vehicle you need will be available.<\/li>
- Area serviced.<\/strong> Look for a car subscription company that offers vehicles in your area. You may struggle to find a suitable service if you don\u2019t live in a major city.<\/li>
- Mileage limit.<\/strong> Check the maximum distance you\u2019re allowed to drive per month to make sure it\u2019s adequate for your needs.<\/li>
- Flexibility to swap vehicles.<\/strong> Next, check whether you can swap to a different vehicle if your needs change. Is there a limit to how many swaps you can make? Is there a fee attached?<\/li>
- Insurance.<\/strong> Take a look at the insurance included with your subscription. What does it cover, what\u2019s excluded and how much will you need to pay out of your own pocket in the event of a claim? If you\u2019re not happy with the cover, can you provide your own insurance?<\/li>
- Cancellation policy.<\/strong> Check whether you can cancel the subscription at any time, and how much notice you have to give to do so.<\/li>
- Reviews.<\/strong> Finally, check what previous customers have to say about the company on independent review sites. Do they recommend it or have any complaints?<\/li><\/ul>
Steps to get a car via car subscription<\/h3>
Once you\u2019ve found the best car subscription company for your needs, here\u2019s what you need to do to sign up.<\/p>
1. Browse cars<\/h4>
Start by browsing cars in the subscription company\u2019s inventory. Use filters to narrow down to specific manufacturers, body styles, fuel types and seating capacities.<\/p>Tip:<\/strong> Found a car you like? Check the fine print closely to make sure it has everything you want, such as Android Auto\/Apple CarPlay, automatic transmission and key safety tech.<\/div><\/article>2. Choose your car and customize your subscription<\/h4>
When you\u2019ve found the car you want, make sure you add any extras you need to your subscription. For example, you might want more monthly mileage or to add a second driver to your plan.<\/p>Tip:<\/strong> Don\u2019t forget to check what the car subscription company\u2019s insurance covers. Find out what situations and damage it covers, and read up on how much you\u2019ll have to pay (the deductible) if a claim is made on the policy.<\/div><\/article>3. Review the total cost and sign up<\/h4>
Now it\u2019s time to organize a time to collect your car and have it delivered. Before you pay, make sure you review the total cost of your monthly subscription \u2013 plus any extra fees and charges \u2013 so you know exactly what to expect.<\/p>Tip:<\/strong> Check whether insurance, registration and maintenance costs are included in the subscription fee. Be aware that you\u2019ll often be required to pay a refundable security deposit, while a sign-up fee may also apply.<\/div><\/article>4. Get your vehicle<\/h4>
You may be able to collect the vehicle from the company\u2019s lot, but in other cases, the company will deliver it to your door. However, keep in mind that a delivery fee may apply. Make sure you\u2019re aware of any requirements you must satisfy before returning the vehicle, such as filling up the gas tank.<\/p>Tip:<\/strong> Take your time to thoroughly inspect the vehicle and paperwork. Take photos of any damage to the vehicle and make sure it\u2019s reflected in the paperwork before you take possession of the car.<\/div><\/article>What documents will I need to provide?<\/h4>
The exact documentation required depends on the car subscription service you choose. However, you may be asked to provide the following:<\/p>
- Your driver\u2019s licence.<\/li>
- Proof of address.<\/li>
- Details of your car insurance history.<\/li>
- Bank statements showing your income.<\/li><\/ul>
Car subscriptions vs car sharing vs car leasing vs car ownership<\/h3>
How does a car subscription differ from car sharing services? And how do both of those options stack up against the more traditional approach of buying or leasing a car? Check out the table below for help working out which option is right for you.<\/p>
Cons<\/h4>- Toronto only<\/li>
- Membership fee<\/li>
- Insurance deductibles start from $2,500<\/li><\/ul><\/div><\/div><\/div><\/article>
\u00a0<\/p>
Steer EV<\/h3>
Steer EV is a car subscription service that specializes in electric vehicles. It offers access to over 300 vehicles and has locations in Canada and the USA.<\/p>
- How it works:<\/strong> Download the Steer EV app and browse the available plans. Choose the plan and vehicle you want, then schedule a date and time for delivery. If you want to cancel your subscription, you\u2019ll need to give 30 days\u2019 notice.<\/li>
- Rental period:<\/strong> You pay by the month.<\/li>
- How much it costs:<\/strong> The cost varies depending on the vehicle and plan you choose.<\/li>
- How payments work:<\/strong> Payment is monthly via your credit card. You\u2019ll be billed for your first payment on the day you take delivery of your vehicle.<\/li>
- What\u2019s included:<\/strong> Insurance, routine servicing and maintenance, roadside assistance and a concierge service are all included. The plan you choose determines the vehicles and features available:
- Preferred Plan:<\/strong> Two vehicle swaps a month and Tesla Model 3 available.<\/li>
- Preferred Plus Plan:<\/strong> Two vehicle swaps a month and choose from a Tesla Model Y or Jeep Wrangler 4xe Unlimited Rubicon.<\/li>
- Premier Performance Plan:<\/strong> Unlimited vehicle swaps per month and choose from a Tesla Model S, Tesla Model X or Jaguar I-PACE.<\/li><\/ul><\/li>
- Types of cars available:<\/strong> You can choose a battery, plug-in or hybrid electric vehicle.<\/li>
- Canadian locations:<\/strong> Toronto, Vancouver.<\/li>
- Eligibility requirements:<\/strong> The primary subscriber must be 26 years old or older, while the secondary driver must be 23 or older.<\/li>
- Is Steer EV legit:<\/strong> Yes. Steer EV is a legitimate provider with headquarters in Washington, DC. It launched in Toronto in March 2021.<\/li><\/ul>
Pros<\/h4>- Vehicle swaps available<\/li>
- No upfront subscription activation fee<\/li>
- Free delivery<\/li>
- Easy way to try an EV<\/li><\/ul><\/div>
Cons<\/h4>- Not available in most areas<\/li>
- No vehicles for drivers who prefer gas vehicles<\/li>
- No pricing information available on the website<\/li><\/ul><\/div><\/div><\/div><\/article>
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ShiftRide<\/h3>
ShiftRide is a car subscription marketplace where car owners and dealers can list their vehicles for other users to lease. As a subscriber, you can browse the available vehicles and find a subscription that meets your needs.<\/p>
- How it works:<\/strong> The owner who lists their car gets to set their terms such as the price, the length of the subscription, the mileage limit and other restrictions (such as whether pets or smoking are allowed in the vehicle). If you need a vehicle, you can browse the marketplace to find a vehicle near you with suitable terms and then reserve the model you want.<\/li>
- Rental period:<\/strong> This depends on the car owner.<\/li>
- How much it costs:<\/strong> The cost varies depending on the vehicle and subscription offered. You\u2019ll also need to pay a refundable deposit (the amount varies based on the vehicle) when you subscribe.<\/li>
- How payments work:<\/strong> Payments are automatically charged to your credit card at least 24 hours before your subscription begins or renews.<\/li>
- What\u2019s included:<\/strong> You get use of the vehicle, routine maintenance, ShiftRide support and insurance.<\/li>
- Types of cars available:<\/strong> The cars are less than 15 years old and have been driven less than 250,000km.<\/li>
- Canadian locations:<\/strong> Most of the cars are in Southern Ontario.<\/li>
- Eligibility requirements:<\/strong> You must be at least 19 years of age and hold a valid G2 or G driver\u2019s licence (or equivalent if issued outside of Ontario\/Canada). To qualify for ShiftRide\u2019s insurance, you will also need to have no more than three tickets or major accidents in the past three years, have no more than three demerit points, have no major violations or alcohol\/drug-related incidents in the past seven years and have not had an accident with ShiftRide. You also need to maintain a high ShiftRide rating.<\/li>
- Is ShiftRide legit:<\/strong> Yes. ShiftRide was founded in 2016 and is based in Toronto.<\/li><\/ul>
Pros<\/h4>- Wide range of vehicles available<\/li>
- Flexible terms available<\/li>
- Easy to use<\/li><\/ul><\/div>
Cons<\/h4>- Most listings are in Ontario<\/li>
- Cars are often older than those offered by other subscription companies<\/li><\/ul><\/div><\/div><\/div><\/article>
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Porsche Drive<\/h3>
Porsche Drive is a subscription program offered by Porsche Canada. You can choose from a monthly or three-month subscription and choose to drive either one model or the entire Porsche range. Porsche Drive also offers daily or weekly rentals through the Porsche Drive \u2013 Rental program.<\/p>
- How it works:<\/strong> Download the Porsche Drive app and sign up (or sign up on the Porsche Drive Montreal website if you live in Montreal). Choose a monthly subscription, then choose the vehicle you want and schedule a delivery time.<\/li>
- Rental period:<\/strong> You can rent for one month or three months with a single-vehicle subscription or monthly with a multi-vehicle subscription.<\/li>
- How much it costs:<\/strong> A single-vehicle subscription plan features a $750 activation fee (waived with a three-month plan). The cost ranges from $2,650 to $4,200 per month (plus taxes) depending on the vehicle. A multi-vehicle subscription plan features a $750 activation fee and costs $4,500 per month (plus taxes).<\/li>
- How payments work:<\/strong> Payment is via credit card. Your first payment is charged to your card when the delivery of your first vehicle is confirmed, and subsequent payments are charged monthly in advance.<\/li>
- What\u2019s included:<\/strong> You get insurance, personal concierge, roadside assistance, vehicle maintenance, seasonal tire change and free delivery and pick-up (within 50km of participating Porsche dealership).<\/li>
- Types of cars available:<\/strong> Porsche.<\/li>
- Canadian locations:<\/strong> Toronto, Kelowna, Vancouver and Montreal.<\/li>
- Eligibility requirements:<\/strong> You must be 25 years old or older, have a valid driver\u2019s licence and a clean driving record.<\/li>
- Is Porsche Drive legit:<\/strong> Yes. Porsche Canada runs this program.<\/li><\/ul>
Pros<\/h4>- Access to luxury vehicles<\/li>
- Unlimited vehicle swaps<\/li>
- Complimentary delivery and pick-up available<\/li><\/ul><\/div>
Cons<\/h4>- Not cheap<\/li>
- Not available in all locations<\/li>
- $2,500 insurance deductible<\/li><\/ul><\/div><\/div><\/div><\/article>
\u00a0<\/p>
Car subscriptions in Canada: Shifting gears from car ownership?<\/h3>
In the post-pandemic world, Canadians may be starting to think twice about whether they need to own a car. New vehicle sales in Canada in 2022 reached their lowest level since 2009, according to DesRosiers Automotive Consultants Inc<\/a>.<\/p>A total of 1.49 million new vehicles were sold in 2022, a 9.1% decline from 2021. However, the COVID-19 fallout wasn\u2019t the only factor behind this drop in sales, with supply chain issues and uncertain economic conditions also having an impact.<\/p>
COVID-induced supply shortages have also resulted in rising car prices for new and used vehicles. In December 2022, Canadian Black Book reported that the average listing price for used vehicles was more than $36,000<\/a> \u2013 a significant investment for most people and a good reason why you might want to consider a car subscription if you don\u2019t need a long-term vehicle.<\/p><\/div>How much do car subscriptions in Canada cost?<\/h3>
There are several factors that can affect the cost of car subscriptions in Canada, such as the following:<\/p>
- The make and model you choose.<\/strong> A high-end luxury vehicle costs more than an entry-level sedan, while you\u2019ll also pay more to use a seven-seater SUV than a small hatchback.<\/li>
- Any extras.<\/strong> If you want to add additional mileage to your plan or sign up extra drivers, you\u2019ll need to pay for the privilege.<\/li>
- The company you choose.<\/strong> In addition to the base subscription fee, you\u2019ll also need to consider any sign-up fees and security deposits that apply.<\/li><\/ul>
As a general guide, expect prices to start at around $900 a month for an entry-level or older-model vehicle. However, choose a premium model, and you could pay $2,000 or more per month.<\/p>
Who is eligible for car subscriptions?<\/h3>
Eligibility requirements vary between car subscription services. However, as a general rule, you will need to meet the following criteria:<\/p>
- Be a Canadian resident.<\/li>
- Hold a valid driver\u2019s licence.<\/li>
- Meet a minimum age requirement (often 23 or older).<\/li>
- Have at least one year of car insurance history.<\/li>
- Have a clean driving record.<\/li><\/ul>
Factors to consider when choosing the best car subscription<\/h3>- Cost.<\/strong> Compare similar vehicles across different providers to find the best price. However, don\u2019t forget to check for any hidden fees that may apply, such as sign-up or car delivery costs, and find out how much you\u2019ll have to put down as a security deposit.<\/li>
- What\u2019s included.<\/strong> Read up on what features are included in your monthly subscription fee, such as insurance cover, registration costs and basic vehicle maintenance. Also check whether there\u2019s anything you\u2019ll pay extra for, such as more mileage or adding an extra driver.<\/li>
- Vehicles available.<\/strong> The best car subscription service for you will offer access to the type of vehicle(s) you want to drive. Browse the inventory to make sure any type of vehicle you need will be available.<\/li>
- Area serviced.<\/strong> Look for a car subscription company that offers vehicles in your area. You may struggle to find a suitable service if you don\u2019t live in a major city.<\/li>
- Mileage limit.<\/strong> Check the maximum distance you\u2019re allowed to drive per month to make sure it\u2019s adequate for your needs.<\/li>
- Flexibility to swap vehicles.<\/strong> Next, check whether you can swap to a different vehicle if your needs change. Is there a limit to how many swaps you can make? Is there a fee attached?<\/li>
- Insurance.<\/strong> Take a look at the insurance included with your subscription. What does it cover, what\u2019s excluded and how much will you need to pay out of your own pocket in the event of a claim? If you\u2019re not happy with the cover, can you provide your own insurance?<\/li>
- Cancellation policy.<\/strong> Check whether you can cancel the subscription at any time, and how much notice you have to give to do so.<\/li>
- Reviews.<\/strong> Finally, check what previous customers have to say about the company on independent review sites. Do they recommend it or have any complaints?<\/li><\/ul>
Steps to get a car via car subscription<\/h3>
Once you\u2019ve found the best car subscription company for your needs, here\u2019s what you need to do to sign up.<\/p>
1. Browse cars<\/h4>
Start by browsing cars in the subscription company\u2019s inventory. Use filters to narrow down to specific manufacturers, body styles, fuel types and seating capacities.<\/p>Tip:<\/strong> Found a car you like? Check the fine print closely to make sure it has everything you want, such as Android Auto\/Apple CarPlay, automatic transmission and key safety tech.<\/div><\/article>2. Choose your car and customize your subscription<\/h4>
When you\u2019ve found the car you want, make sure you add any extras you need to your subscription. For example, you might want more monthly mileage or to add a second driver to your plan.<\/p>Tip:<\/strong> Don\u2019t forget to check what the car subscription company\u2019s insurance covers. Find out what situations and damage it covers, and read up on how much you\u2019ll have to pay (the deductible) if a claim is made on the policy.<\/div><\/article>3. Review the total cost and sign up<\/h4>
Now it\u2019s time to organize a time to collect your car and have it delivered. Before you pay, make sure you review the total cost of your monthly subscription \u2013 plus any extra fees and charges \u2013 so you know exactly what to expect.<\/p>Tip:<\/strong> Check whether insurance, registration and maintenance costs are included in the subscription fee. Be aware that you\u2019ll often be required to pay a refundable security deposit, while a sign-up fee may also apply.<\/div><\/article>4. Get your vehicle<\/h4>
You may be able to collect the vehicle from the company\u2019s lot, but in other cases, the company will deliver it to your door. However, keep in mind that a delivery fee may apply. Make sure you\u2019re aware of any requirements you must satisfy before returning the vehicle, such as filling up the gas tank.<\/p>Tip:<\/strong> Take your time to thoroughly inspect the vehicle and paperwork. Take photos of any damage to the vehicle and make sure it\u2019s reflected in the paperwork before you take possession of the car.<\/div><\/article>What documents will I need to provide?<\/h4>
The exact documentation required depends on the car subscription service you choose. However, you may be asked to provide the following:<\/p>
- Your driver\u2019s licence.<\/li>
- Proof of address.<\/li>
- Details of your car insurance history.<\/li>
- Bank statements showing your income.<\/li><\/ul>
Car subscriptions vs car sharing vs car leasing vs car ownership<\/h3>
How does a car subscription differ from car sharing services? And how do both of those options stack up against the more traditional approach of buying or leasing a car? Check out the table below for help working out which option is right for you.<\/p>
\u00a0<\/p>
Steer EV<\/h3>
Steer EV is a car subscription service that specializes in electric vehicles. It offers access to over 300 vehicles and has locations in Canada and the USA.<\/p>
- How it works:<\/strong> Download the Steer EV app and browse the available plans. Choose the plan and vehicle you want, then schedule a date and time for delivery. If you want to cancel your subscription, you\u2019ll need to give 30 days\u2019 notice.<\/li>
- Rental period:<\/strong> You pay by the month.<\/li>
- How much it costs:<\/strong> The cost varies depending on the vehicle and plan you choose.<\/li>
- How payments work:<\/strong> Payment is monthly via your credit card. You\u2019ll be billed for your first payment on the day you take delivery of your vehicle.<\/li>
- What\u2019s included:<\/strong> Insurance, routine servicing and maintenance, roadside assistance and a concierge service are all included. The plan you choose determines the vehicles and features available:
- Preferred Plan:<\/strong> Two vehicle swaps a month and Tesla Model 3 available.<\/li>
- Preferred Plus Plan:<\/strong> Two vehicle swaps a month and choose from a Tesla Model Y or Jeep Wrangler 4xe Unlimited Rubicon.<\/li>
- Premier Performance Plan:<\/strong> Unlimited vehicle swaps per month and choose from a Tesla Model S, Tesla Model X or Jaguar I-PACE.<\/li><\/ul><\/li>
- Types of cars available:<\/strong> You can choose a battery, plug-in or hybrid electric vehicle.<\/li>
- Canadian locations:<\/strong> Toronto, Vancouver.<\/li>
- Eligibility requirements:<\/strong> The primary subscriber must be 26 years old or older, while the secondary driver must be 23 or older.<\/li>
- Is Steer EV legit:<\/strong> Yes. Steer EV is a legitimate provider with headquarters in Washington, DC. It launched in Toronto in March 2021.<\/li><\/ul>
Pros<\/h4>
- Vehicle swaps available<\/li>
- No upfront subscription activation fee<\/li>
- Free delivery<\/li>
- Easy way to try an EV<\/li><\/ul><\/div>
Cons<\/h4>
- Not available in most areas<\/li>
- No vehicles for drivers who prefer gas vehicles<\/li>
- No pricing information available on the website<\/li><\/ul><\/div><\/div><\/div><\/article>
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ShiftRide
<\/h3>ShiftRide is a car subscription marketplace where car owners and dealers can list their vehicles for other users to lease. As a subscriber, you can browse the available vehicles and find a subscription that meets your needs.<\/p>
- How it works:<\/strong> The owner who lists their car gets to set their terms such as the price, the length of the subscription, the mileage limit and other restrictions (such as whether pets or smoking are allowed in the vehicle). If you need a vehicle, you can browse the marketplace to find a vehicle near you with suitable terms and then reserve the model you want.<\/li>
- Rental period:<\/strong> This depends on the car owner.<\/li>
- How much it costs:<\/strong> The cost varies depending on the vehicle and subscription offered. You\u2019ll also need to pay a refundable deposit (the amount varies based on the vehicle) when you subscribe.<\/li>
- How payments work:<\/strong> Payments are automatically charged to your credit card at least 24 hours before your subscription begins or renews.<\/li>
- What\u2019s included:<\/strong> You get use of the vehicle, routine maintenance, ShiftRide support and insurance.<\/li>
- Types of cars available:<\/strong> The cars are less than 15 years old and have been driven less than 250,000km.<\/li>
- Canadian locations:<\/strong> Most of the cars are in Southern Ontario.<\/li>
- Eligibility requirements:<\/strong> You must be at least 19 years of age and hold a valid G2 or G driver\u2019s licence (or equivalent if issued outside of Ontario\/Canada). To qualify for ShiftRide\u2019s insurance, you will also need to have no more than three tickets or major accidents in the past three years, have no more than three demerit points, have no major violations or alcohol\/drug-related incidents in the past seven years and have not had an accident with ShiftRide. You also need to maintain a high ShiftRide rating.<\/li>
- Is ShiftRide legit:<\/strong> Yes. ShiftRide was founded in 2016 and is based in Toronto.<\/li><\/ul>
Pros<\/h4>
- Wide range of vehicles available<\/li>
- Flexible terms available<\/li>
- Easy to use<\/li><\/ul><\/div>
Cons<\/h4>
- Most listings are in Ontario<\/li>
- Cars are often older than those offered by other subscription companies<\/li><\/ul><\/div><\/div><\/div><\/article>
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Porsche Drive
<\/h3>Porsche Drive is a subscription program offered by Porsche Canada. You can choose from a monthly or three-month subscription and choose to drive either one model or the entire Porsche range. Porsche Drive also offers daily or weekly rentals through the Porsche Drive \u2013 Rental program.<\/p>
- How it works:<\/strong> Download the Porsche Drive app and sign up (or sign up on the Porsche Drive Montreal website if you live in Montreal). Choose a monthly subscription, then choose the vehicle you want and schedule a delivery time.<\/li>
- Rental period:<\/strong> You can rent for one month or three months with a single-vehicle subscription or monthly with a multi-vehicle subscription.<\/li>
- How much it costs:<\/strong> A single-vehicle subscription plan features a $750 activation fee (waived with a three-month plan). The cost ranges from $2,650 to $4,200 per month (plus taxes) depending on the vehicle. A multi-vehicle subscription plan features a $750 activation fee and costs $4,500 per month (plus taxes).<\/li>
- How payments work:<\/strong> Payment is via credit card. Your first payment is charged to your card when the delivery of your first vehicle is confirmed, and subsequent payments are charged monthly in advance.<\/li>
- What\u2019s included:<\/strong> You get insurance, personal concierge, roadside assistance, vehicle maintenance, seasonal tire change and free delivery and pick-up (within 50km of participating Porsche dealership).<\/li>
- Types of cars available:<\/strong> Porsche.<\/li>
- Canadian locations:<\/strong> Toronto, Kelowna, Vancouver and Montreal.<\/li>
- Eligibility requirements:<\/strong> You must be 25 years old or older, have a valid driver\u2019s licence and a clean driving record.<\/li>
- Is Porsche Drive legit:<\/strong> Yes. Porsche Canada runs this program.<\/li><\/ul>
Pros<\/h4>
- Access to luxury vehicles<\/li>
- Unlimited vehicle swaps<\/li>
- Complimentary delivery and pick-up available<\/li><\/ul><\/div>
Cons<\/h4>
- Not cheap<\/li>
- Not available in all locations<\/li>
- $2,500 insurance deductible<\/li><\/ul><\/div><\/div><\/div><\/article>
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Car subscriptions in Canada: Shifting gears from car ownership?<\/h3>
In the post-pandemic world, Canadians may be starting to think twice about whether they need to own a car. New vehicle sales in Canada in 2022 reached their lowest level since 2009, according to DesRosiers Automotive Consultants Inc<\/a>.<\/p>
A total of 1.49 million new vehicles were sold in 2022, a 9.1% decline from 2021. However, the COVID-19 fallout wasn\u2019t the only factor behind this drop in sales, with supply chain issues and uncertain economic conditions also having an impact.<\/p>
COVID-induced supply shortages have also resulted in rising car prices for new and used vehicles. In December 2022, Canadian Black Book reported that the average listing price for used vehicles was more than $36,000<\/a> \u2013 a significant investment for most people and a good reason why you might want to consider a car subscription if you don\u2019t need a long-term vehicle.<\/p><\/div>
How much do car subscriptions in Canada cost?<\/h3>
There are several factors that can affect the cost of car subscriptions in Canada, such as the following:<\/p>
- The make and model you choose.<\/strong> A high-end luxury vehicle costs more than an entry-level sedan, while you\u2019ll also pay more to use a seven-seater SUV than a small hatchback.<\/li>
- Any extras.<\/strong> If you want to add additional mileage to your plan or sign up extra drivers, you\u2019ll need to pay for the privilege.<\/li>
- The company you choose.<\/strong> In addition to the base subscription fee, you\u2019ll also need to consider any sign-up fees and security deposits that apply.<\/li><\/ul>
As a general guide, expect prices to start at around $900 a month for an entry-level or older-model vehicle. However, choose a premium model, and you could pay $2,000 or more per month.<\/p>
Who is eligible for car subscriptions?<\/h3>
Eligibility requirements vary between car subscription services. However, as a general rule, you will need to meet the following criteria:<\/p>
- Be a Canadian resident.<\/li>
- Hold a valid driver\u2019s licence.<\/li>
- Meet a minimum age requirement (often 23 or older).<\/li>
- Have at least one year of car insurance history.<\/li>
- Have a clean driving record.<\/li><\/ul>
Factors to consider when choosing the best car subscription<\/h3>
- Cost.<\/strong> Compare similar vehicles across different providers to find the best price. However, don\u2019t forget to check for any hidden fees that may apply, such as sign-up or car delivery costs, and find out how much you\u2019ll have to put down as a security deposit.<\/li>
- What\u2019s included.<\/strong> Read up on what features are included in your monthly subscription fee, such as insurance cover, registration costs and basic vehicle maintenance. Also check whether there\u2019s anything you\u2019ll pay extra for, such as more mileage or adding an extra driver.<\/li>
- Vehicles available.<\/strong> The best car subscription service for you will offer access to the type of vehicle(s) you want to drive. Browse the inventory to make sure any type of vehicle you need will be available.<\/li>
- Area serviced.<\/strong> Look for a car subscription company that offers vehicles in your area. You may struggle to find a suitable service if you don\u2019t live in a major city.<\/li>
- Mileage limit.<\/strong> Check the maximum distance you\u2019re allowed to drive per month to make sure it\u2019s adequate for your needs.<\/li>
- Flexibility to swap vehicles.<\/strong> Next, check whether you can swap to a different vehicle if your needs change. Is there a limit to how many swaps you can make? Is there a fee attached?<\/li>
- Insurance.<\/strong> Take a look at the insurance included with your subscription. What does it cover, what\u2019s excluded and how much will you need to pay out of your own pocket in the event of a claim? If you\u2019re not happy with the cover, can you provide your own insurance?<\/li>
- Cancellation policy.<\/strong> Check whether you can cancel the subscription at any time, and how much notice you have to give to do so.<\/li>
- Reviews.<\/strong> Finally, check what previous customers have to say about the company on independent review sites. Do they recommend it or have any complaints?<\/li><\/ul>
Steps to get a car via car subscription<\/h3>
Once you\u2019ve found the best car subscription company for your needs, here\u2019s what you need to do to sign up.<\/p>
1. Browse cars<\/h4>
Start by browsing cars in the subscription company\u2019s inventory. Use filters to narrow down to specific manufacturers, body styles, fuel types and seating capacities.<\/p>
Tip:<\/strong> Found a car you like? Check the fine print closely to make sure it has everything you want, such as Android Auto\/Apple CarPlay, automatic transmission and key safety tech.<\/div><\/article>2. Choose your car and customize your subscription<\/h4>
When you\u2019ve found the car you want, make sure you add any extras you need to your subscription. For example, you might want more monthly mileage or to add a second driver to your plan.<\/p>
Tip:<\/strong> Don\u2019t forget to check what the car subscription company\u2019s insurance covers. Find out what situations and damage it covers, and read up on how much you\u2019ll have to pay (the deductible) if a claim is made on the policy.<\/div><\/article>3. Review the total cost and sign up<\/h4>
Now it\u2019s time to organize a time to collect your car and have it delivered. Before you pay, make sure you review the total cost of your monthly subscription \u2013 plus any extra fees and charges \u2013 so you know exactly what to expect.<\/p>
Tip:<\/strong> Check whether insurance, registration and maintenance costs are included in the subscription fee. Be aware that you\u2019ll often be required to pay a refundable security deposit, while a sign-up fee may also apply.<\/div><\/article>4. Get your vehicle<\/h4>
You may be able to collect the vehicle from the company\u2019s lot, but in other cases, the company will deliver it to your door. However, keep in mind that a delivery fee may apply. Make sure you\u2019re aware of any requirements you must satisfy before returning the vehicle, such as filling up the gas tank.<\/p>
Tip:<\/strong> Take your time to thoroughly inspect the vehicle and paperwork. Take photos of any damage to the vehicle and make sure it\u2019s reflected in the paperwork before you take possession of the car.<\/div><\/article>What documents will I need to provide?<\/h4>
The exact documentation required depends on the car subscription service you choose. However, you may be asked to provide the following:<\/p>
- Your driver\u2019s licence.<\/li>
- Proof of address.<\/li>
- Details of your car insurance history.<\/li>
- Bank statements showing your income.<\/li><\/ul>
Car subscriptions vs car sharing vs car leasing vs car ownership<\/h3>
How does a car subscription differ from car sharing services? And how do both of those options stack up against the more traditional approach of buying or leasing a car? Check out the table below for help working out which option is right for you.<\/p>
- What\u2019s included.<\/strong> Read up on what features are included in your monthly subscription fee, such as insurance cover, registration costs and basic vehicle maintenance. Also check whether there\u2019s anything you\u2019ll pay extra for, such as more mileage or adding an extra driver.<\/li>
- Cost.<\/strong> Compare similar vehicles across different providers to find the best price. However, don\u2019t forget to check for any hidden fees that may apply, such as sign-up or car delivery costs, and find out how much you\u2019ll have to put down as a security deposit.<\/li>
- Any extras.<\/strong> If you want to add additional mileage to your plan or sign up extra drivers, you\u2019ll need to pay for the privilege.<\/li>
- The make and model you choose.<\/strong> A high-end luxury vehicle costs more than an entry-level sedan, while you\u2019ll also pay more to use a seven-seater SUV than a small hatchback.<\/li>
- Rental period:<\/strong> You can rent for one month or three months with a single-vehicle subscription or monthly with a multi-vehicle subscription.<\/li>
- How it works:<\/strong> Download the Porsche Drive app and sign up (or sign up on the Porsche Drive Montreal website if you live in Montreal). Choose a monthly subscription, then choose the vehicle you want and schedule a delivery time.<\/li>
- Rental period:<\/strong> This depends on the car owner.<\/li>
- How it works:<\/strong> The owner who lists their car gets to set their terms such as the price, the length of the subscription, the mileage limit and other restrictions (such as whether pets or smoking are allowed in the vehicle). If you need a vehicle, you can browse the marketplace to find a vehicle near you with suitable terms and then reserve the model you want.<\/li>
- Preferred Plus Plan:<\/strong> Two vehicle swaps a month and choose from a Tesla Model Y or Jeep Wrangler 4xe Unlimited Rubicon.<\/li>
- Rental period:<\/strong> You pay by the month.<\/li>