I was looking at replacing my car and came across Carbar.com.au. It is a car subscription website.
Seems similar to a lease in a way but you are limited to the cars on offer.
How do you think it compares against purchasing a car on a loan or outright?
Has anyone here ever used this?
I was looking at a Toyota Kluger, when I compare the cost of repaying a loan over 5 years, the repayments seems similar.
So it's basically long term car rental?
The alternative is of course getting a loan and paying off a car.
The difference between the two options is that you end up owning the car if you go the loan repayment route.
You just need to figure out which method leaves you financially better off in the long term.