You need a new car. Are you paying cash or credit? Now there's an alternative in Sweden, and that's subscribing to your car.
How about a car subscription?
You need a new car. Are you paying cash or credit? Now there's an alternative in Sweden, and that’s subscribing to your car. Lasse Swärd takes a look at car subscriptions in a Dagens Nyheter review. A car subscription has several advantages, it’s easy and you know exactly what the car costs every month, you need not worry about service and repair. Even an insurance is thrown into the deal. Just keep driving for 24 or 36 months, then return the car or get another one for another time period. Does it sound too good to be true? Well, there are some drawbacks as well, according to Swärd. The monthly interest is non-deductible and at the end of the contract you’ve paid perhaps SEK 100,000 ($15,000) or more for a car that the car dealer still owns. Better then to subscribe to Nordstjernan... Subscribe to the Swedish newspaper in America
Then again, for between SEK 2,000 to 4,000 ($290-580) monthly you get a car fresh from the factory, for which you pay for fuel and automobile registration tax (zero in Sweden if your car is environmentally friendly) – perhaps not that bad a deal?