All You Want to Know about Hyundai Car Subscription

Posted on: Apr 11, 2022 | 3 mins | Written by: HDFC ERGO Team

All You Want to Know about Hyundai Car Subscription

In the financial year 2020-21, the total vehicle registrations in India was a whopping 1,52,71,519 units. With an estimate of around 30 million cars in the country, India has a huge car market. While everyone may not be able to afford a car, having one is surely a cherished dream for all. If you too are tired of waiting for public transport or your everyday cab, a Hyundai car subscription could be the best option. With features such as Hyundai insurance and Hyundai subscription, the company is surely making its way through the Indian customer’s heart.

A car subscription allows you to have a car without having to own a car. You can have your personal car and travel in it anytime and anywhere you want while not having to pay the hefty payment for the car or its insurance.

If you are thinking about taking a car subscription, then a Hyundai car subscription can turn out to be a great option for you. Hyundai lets you subscribe to this service on a monthly or annual basis, as per your wish. They also have a plan available only for weekdays subscriptions to make your workdays flow smoothly. You can have access to brand new cars by Hyundai or their unboxed cars (cars which are less than two years old) and enjoy the ride. If you like the car, you also get the option to purchase the car after 12 months. Isn’t it amazing? Let’s find out more about what Hyundai car subscription is and how it works.

What is Hyundai Car Subscription? How does it Work?

A Hyundai car subscription is an entirely new way of driving home your favourite Hyundai car without having to pay for its purchase. You do not need to buy or own the car, rather you will need to pay a certain charge to the car subscription company for a certain period. The payment can be done annually or monthly, as it is convenient for you. The company will entirely take care of maintenance, taxes and provide Hyundai insurance to the car.

You can choose to drive a brand new car or you can also go for an unboxed car. If you opt for an unboxed car, it won’t be older than two years and if you choose a brand new one, a special demand will be made for you. After completing the lock-in period of 12 months you can keep using the car for 48 months or cancel your subscription anytime you want. If you like the car, you also get the option to purchase the car at a predetermined settlement price, after completing 12 months.

How to get started with Hyundai Car Subscription?

Accessing a Hyundai car subscription is very easy. If you are 21 years old or more and own a driving license then you can take the subscription in Bangalore, Hyderabad, Mumbai, Pune, Delhi NCR, or Kolkata. To get started with a Hyundai car subscription, follow the steps given below:

1. Visit Hyundai’s official website. From there, you will be redirected to the subscription site that is operated by Revv. You can also download the application from the play store.

2. Pick the car you prefer and then reserve it online by doing an ID verification and work check.

3. Once it is reserved, an executive from Revv will contact you shortly and inquire about your pickings and do the KYC. The executive will explain how the refundable security deposit works along with other important details.

4. If you choose a brand new car, it will be ordered specially for you and get ready within 30 - 45 days. Else, for unboxed cars, it will be prepared within 10-15 days after the process of deep cleaning and sanitization.

5. Once the car is ready, the company will drop the car at your doorstep.

6. Once every month, a Revv executive will take the car for servicing and drop it back. This process will continue as long as the subscription continues.

7. If you are happy with the service provided, you may continue with the subscription, otherwise, you may drop it off anytime with zero cancellation charge.

Your subscription will have certain restrictions:

● The car can cover 30,000 km per year (15,000 km per 6 months)

● Payment for fuel must be borne by you

● The subscription covers the cost of servicing, roadside assistance, Hyundai insurance, and road tax.

● You can share the subscription with friends and family members who have valid driver’s licenses. However, the responsibility of the car’s safety will be completely yours.

How much does the Hyundai Car Subscription Cost?

The car subscription cost depends on two prime factors- the type of car you choose and the term. Costs range from INR 14,000 INR to 47,000 per month for brand new cars, while for unboxed cars, the cost varies within the range of INR 16,999 INR to 32,000. This cost may vary to some extent depending on the city you are in.

The refundable security deposit also varies depending on whether the car is brand new or unboxed and also, whether the charge is paid monthly or annually. You can take the subscription for a maximum of 48 months for any car, and it provides the cheapest terms. After that or anytime after 12 months, as long as the subscription continues, you can decide to purchase the car at a predetermined settlement fee.

Why opt for Hyundai Car Subscription?

Car subscription has come into focus over the last few years. It gives you the pleasure of owning a car without having to pay for the down payment or taxes. If you wish to enjoy the best car subscription service, consider opting for a Hyundai car subscription.

The company offers you the benefits of-

1. Freedom to Choose

When you opt for a car subscription by Hyundai, you can use the car for as long as you wish, and then you can return it. However, if you purchase a car, you do not have this option unless you sell the car back.

2. Choose from a variety of car models

With a car subscription, you get the benefit of opting for different car models anytime you wish, that too by paying with a pocket-friendly charge. You may not be able to enjoy this luxury as a car owner.

3. No down payment or EMI

When you opt for a car subscription, you do not need to make the down payment or pay the EMI, unlike purchasing a car.

4. Zero maintenance

Your car subscription allows you to save tremendously on car maintenance as it is already counted under the monthly subscription charges. But if you are a car owner, you will have to take care of the maintenance and regular servicing.

5. Easy shifting

When moving to a new place, you can easily move your car subscription to the new city by talking to the company. You won’t have to worry about car transport from one city to another.

Conclusion

Hyundai is a well-known and reliable car manufacturer and their vehicles are known for economical performance and reliability. They provide service in 7 different cities which is a major benefit in case you switch cities. Hyundai offers you the option of enjoying brand new vehicles at a much more economical rate. Even if you purchase the car later onHyundai insurance and services will make the purchase quite pocket-friendly.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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