Flux offers car financing with lowest upfront costs

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Flux, Malaysia’s truly multi-brand car subscription service, launches Subscribe to Own, a new product that makes a consumer’s path to car ownership simple, seamless and financially accessible. Flux offers an all-inclusive service whereby not only do you get a car, Flux also covers the insurance, road tax, maintenance and wear & tear. Flux even provides a concierge service to handle the administrative chores, so that you can simply enjoy the drive.

Flux’s Subscribe to Own offering allows you to initially subscribe to a new or pre-owned car from the Flux collection with the option to purchase it at the end of your subscription. You can enjoy all the benefits of the standard Flux service, but with this new product, your monthly subscription payments can now also contribute towards the option to purchase the car.

HOW IT WORKS

Flux’s Subscribe to Own works much like the Flux that consumers are familiar with. Consumers choose their subscription plan (12, 24 or 36-months) and mileage package (1,250 km, 2,000 km or uncapped mileage per month) for a particular car. Based upon the car and subscription plan selected, Flux sets a unique Guaranteed Future Value 1 (GFV) for which you can purchase the car at the end of the subscription period (i.e. the shorter the subscription, the higher the GFV). Do note, Flux does oer a Month-to-month subscription plan (i.e. pay as you go) for greatest flexibility without the Subscribe to Own option.

The GFV is predetermined and transparently displayed online during the checkout process. There will therefore be no need for the hassle of negotiations. You will have until 30 days prior to the end of your subscription before deciding to exercise the purchase option, which will give you maximum flexibility. Flux’s GFV includes the processing fees for the transfer of ownership (i.e. Puspakom & JPJ), but excludes road tax and allows you the option to purchase the insurance of your liking. As always, Flux’s concierge will handle the entire process so that you can just sit back, relax and wait for your newly purchased car to be delivered to your doorstep. On top of the flexibility and convenience there are several financial benefits to choosing Subscribe to Own when buying your next car.

LOW UPFRONT FEES

When subscribing to own with Flux, you no longer need to pay a downpayment as you would with a car loan. Instead Flux charges a start fee, which is at least 50% lower than the average downpayment. This helps to ease your cashflow in your first year of ‘ownership’.

NO SURPRISE EXPENSES

With Flux, maintenance and wear and tear costs are included in your one simple subscription fee. As such, you will no longer get surprise expenses such as replacing tyres or brake pads. This gives you better visibility and opportunity for effective financial management.

PROTECT YOUR CREDIT SCORE

A Flux subscription does not impact your credit score. You are thus able to maximise your credit resources towards buying the home that you truly want. This is perfect for first time home buyers who have yet to build credit history.

AVOID RESIDUAL VALUE LOSSES

Depreciation on a car is wildly unpredictable and will depend on various factors outside an individual’s control. Mitigate the risk of variable market prices with Flux’s GFV, and enjoy the full transparency of the value of your car at the end of your subscription.

NEVER GET STUCK WITH A LEMON

All Flux cars are independently inspected to ensure that you will receive only the best quality. With Flux’s 3-day Risk-Free Return policy, you can switch out your Flux car at the start of your subscription so that you will never be stuck with a bad car.

SWITCH YOUR CAR TO FIT YOUR BUDGET

With a Flux subscription, you will always have the option to switch cars as your needs evolve or budget changes. When times are tough, downgrade to a more economical compact car. In good times, you can enjoy life with a luxury coupe. Adjust your car expenses according to your budget.

Visit www.driveflux.com for further information on how Flux is the simpler way to own your perfect car.

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