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Date: 26 April 2021 Â Â |Â Â Author: Jack Carfrae
Subscription is either a trendy flash in the pan or a highly convenient way of sourcing vehicles, depending on your standpoint. Jack Carfrae asks where it fits in the fleet sector.
Pick your favourite streaming service - Netflix, Amazon Prime, Disney Plus - pop the name in front of for cars and it more or less sums up the subscription model.Â
With the caveat that every company is different, it usually involves a minimum of a month s commitment, either no down payment or a small one, SMR cover and optional insurance. It is generally cheaper than daily rental but more expensive than leasing, occupying a middle ground between the two.Â
Click the thumbs up >Flexible car subscription provider Mycardirect is forecasting its fleet will grow tenfold this year after acquiring Avalon Vehicle Rental.
The acquisition, for an undisclosed sum, adds 400 vehicles to Mycardirect’s existing fleet of 100 cars and Mycardirect CEO Duncan Chumley anticipates the total fleet size will increase to more than 1,000 vehicles this year, largely driven by growth in the subscription market.
Following the acquisition Avalon has been rebranded as Mycardirect Rental and Myvandirect Rental.
The acquisition sees Mycardirect move to a larger head office in Hemel Hempstead and gives it a site in Birmingham from which to valet and deliver vehicles in-house rather than having to use an external provider. Click and Collect is available, if requested, with the latest Covid-19 guidelines in place with the Mycardirect team.