Search
Subscribe

Safety in numbers: What car subscriptions have to do with reliability in financial processes

Sören Steckmest
13.06.2021 | 3 minutes
Modern car center console

Consistent and flexible at the same time: a car subscription offers many advantages.

Electric cars and hybrid vehicles in particular have undergone rapid development in recent years, and this is set to continue. New models are attracting customers with longer ranges and more digital functions. This technological progress is giving rise to a desire for flexibility in vehicle choice. What's more, changes in everyday life have also increased in pace.

Flexibility through subscription

Changing living conditions are accompanied by new demands on cars. For instance, if I get children I need a larger vehicle. With a car subscription, I always have the right model available. However, this flexibility goes one step further, as a car subscription can be canceled on a monthly basis. High acquisition costs, such as when purchasing a car, are also eliminated. The same applies to the loss of resale value. This is often significant, especially for electric cars and hybrid vehicles. This is because models that were state of the art yesterday quickly become obsolete: for example, because the range increases due to an improved battery.

In addition, a car subscription means maximum convenience for me. I only pay a fixed monthly price and can simply get behind the wheel and drive off. All costs such as taxes, insurance or vehicle inspections are included. Besides the subscription price, I only pay for the fuel or electricity. And if something happens to go wrong with the car and it has to be sent to the garage for repairs, I can easily get a replacement car. This means that I can count on being mobile whenever I want or need to be. Plus, this gives me more time in life for the truly important things.

 

Reliability of vehicles and financial processes

Due to these advantages, car subscriptions are becoming increasingly popular, especially among younger car drivers. According to a survey by puls Marktforschung, 37 percent of 31- to 50-year-olds are now interested in a car subscription as an alternative to buying or leasing a vehicle. If the car subscription is for an electric or hybrid vehicle, it also meets the desire for more sustainable mobility. At the same time, drivers also want to be able to rely on being able to reach their destination safely. The fear of becoming stranded with an empty battery far away from a charging station is widespread in some places – such as in Germany. Hybrid vehicles offer maximum safety and reliability.

Reliable financial processes

Security is also a concern with regard to financial processes. Trust and fair cooperation are paramount here, just like in any good partnership. But as a user, I also expect flexible, uncomplicated and digital payment methods that are also secure. And I expect absolute cost transparency. The company Lynk & Co has recently started offering car subscriptions or better memberships in Germany, working closely with us as financial experts. As part of this partnership, we ensure that financial processes are handled simply and securely.

With Aqount, our flexible invoice-to-cash billing platform, we offer a full service package that covers everything from booking and payment to receivables management. The advantages of the end-to-end solution include rapid implementation and the possible integration of European and local payment methods.It goes without saying that security is a top priority for us. This way, Lynk & Co's customers only need to focus on one thing:

Reaching their destination safely while having fun

How securely do you get where you want to go with your financial processes?

Meet our expert!
Sören Steckmest
Vice President International Sales

Latest Articles

Sharing is fun and it's also good for the wallet. After all, privately sharing vehicles not only meets the need for flexible and individual mobility, it also ensures sustainability and financial freedom.
Why private sharing is how we will drive cars in the future
Sören Steckmest
07.09.2021
4 minutes
Sharing is fun and it's also good for the wallet. After all, privately sharing vehicles not only meets the need for flexible and individual mobility, it also ensures sustainability and financial freedom.
Trends like subscription and sharing models are growing rapidly. This is why we, as well as car manufacturers and car-sharing providers, must not make the mistake of thinking mobility is a one-way street. We see it as an extended "mobility-as-a-service" and must align our own systems accordingly.
Help shape the mobility transformation
Sören Steckmest
17.01.2021
3 minutes
Trends like subscription and sharing models are growing rapidly. This is why we, as well as car manufacturers and car-sharing providers, must not make the mistake of thinking mobility is a one-way street. We see it as an extended "mobility-as-a-service" and must align our own systems accordingly.
Because more and more people are working from home, the use of personal vehicles has been reduced and hence the need for parking spaces has fallen. This change came unexpectedly and has hit the parking industry with full force.
Trends in Parking
Rudolf Funk
30.11.2020
4 minutes
Because more and more people are working from home, the use of personal vehicles has been reduced and hence the need for parking spaces has fallen. This change came unexpectedly and has hit the parking industry with full force.

Top Articles

Mobility & Sharing Economy
Sharing is fun and it's also good for the wallet. After all, privately sharing vehicles not only meets the need for flexible and individual mobility, it also ensures sustainability and financial freedom.
Why private sharing is how we will drive cars in the future
Sören Steckmest
07.09.2021
4 minutes
Sharing is fun and it's also good for the wallet. After all, privately sharing vehicles not only meets the need for flexible and individual mobility, it also ensures sustainability and financial freedom.
People & Culture
As of mid-2020, the world of work has largely shifted toward a digital environment due to the current COVID-19 pandemic - and the same can be said for Arvato Financial Solutions. For new employees, this presents new kinds of challenges regarding their entry into a new company.
Virtual onboarding program is honored with the E-Learning Award 2021
Tamara Schwenk
24.03.2021
4 minutes
As of mid-2020, the world of work has largely shifted toward a digital environment due to the current COVID-19 pandemic - and the same can be said for Arvato Financial Solutions. For new employees, this presents new kinds of challenges regarding their entry into a new company.
Customer Journey
Relationships between banks and their customers are often built to last for decades. Smart receivables management can strengthen customer trust.
Trust is the key to success
Fabian Küchlin
09.03.2021
3 minutes
Relationships between banks and their customers are often built to last for decades. Smart receivables management can strengthen customer trust.