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16:06
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Originally posted by Benjamins:
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Has anyone done any calcs whether the subscription service is enticing enough? I'm new to Carly so I'm intrigued. So I've basically had a look at the costs of buying and owning an average car (Holden Equinox) let us say $40k one. There are plenty of car depreciation calc tools around so I've just looked at about three and they are all fairly similar and give you roughly the same numbers. So over a period ownership of 5 years your brand new average car will probably depreciate by about 50% odd which equates to say $20k loss on your purchase. Divide that into 5 years and you get $4k per annum loss. Then you add the maintenance (lets say 2 times a year) of ~$1000, Car Rego $700, Insurance $500, Roadside A $100 for a grand total of $6.3k per annum outlay on a new car (plus depreciation of course). Carlys Equinox is on an entry level is $231 a week x 52 weeks = $12k. And one doesn't get that many kilometres either so you might be out of pocket if you drive the car fairly regularly. So the conclusion here for me is that Carly and probably others in this space need to bring their prices down as can't justify the big gap between owning a car and subscribing to one. Unless I'm missing something here (I have calculated everything on outright ownership without any finance which could have a big bearing on the outcome). Of course there is one very important benefit in having a Carly car, the ability to swap for another car on a regular basis, but is that again worth the big gap of ~$6k per annum? Hmm what do you guys think
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I was thinking the same. They got a great idea but in order to let it fly they need to do couple of things imo.
