Vehicle subscription marketplace, FlexClub has officially launched in Cape Town, enabling customers access a number of popular cars such as the Polo Vivo and Suzuki Swift for a monthly fee.
The group, which announced R75 million in funding recently, is taking aim at traditional car loans offered in South Africa.
It offers a flexible and simpler model for how people get cars in markets like Mexico and South Africa, making it a good option for those wanting to avoid the hassle of owning or leasing a vehicle, said FlexClub co-founder Tinashe Ruzane.
Ruzane said that members also earn valuable rewards over time-based on their driving behaviour, forming part of the brand’s Club Rewards model.
Members will earn points during the subscription period, which includes discounts on the purchase price of the car.
All interactions are done online, and FlexClub delivers the vehicle to the customer’s door, while customers can swap or cancel the subscription at any time.
Ruzane said that FlexClub does not require a large hold on your credit card, a common practice when renting cars the traditional way.
“Car subscriptions offer members the flexibility to swap their car, cancel their subscription or buy their car at any time.
“At FlexClub, we offer an all-inclusive monthly fee, eliminating the need for separate insurance, maintenance or telematic expenses, making it the leading alternative to traditional car loans, which can lock customers into complicated long-term commitments.”
These are some of the options currently available on the Flexclub website:
Kia Picanto 1.0 Street – R4,022 a month
Renault Kwid 1.0 Dynamique – R4,022 a month
Suzuki Swift 1.2 GA MT – R5,184 a month
VW Polo Vivo 1.4 Trendline – R5,184 a month
Ford Ecoboost 1.5 Ambiente MAN – R6,207 a month
Toyota Corolla Quest 1.6 Base – R6,207 a month
Isuzu D-Max Double Cab 250 – R8,624 a month
Audi A3 1.0 TFSI S Edition One – R13,764 a month
Mercedes C180 AT Avant Garde – R15,577 a month
Toyota Fortuner 2.4 GD-6 4×2 – R15,577 a month
BMW X3 SDrive 20i (G01) – R17,135 a month