{"id":8679,"date":"2019-05-17T17:17:09","date_gmt":"2019-05-17T09:17:09","guid":{"rendered":"https:\/\/blog.carro.sg\/?p=8679"},"modified":"2025-11-18T18:57:35","modified_gmt":"2025-11-18T10:57:35","slug":"carro-offers-car-subscriptions-in-singapore","status":"publish","type":"post","link":"https:\/\/carro.co\/sg\/blog\/carro-offers-car-subscriptions-in-singapore\/","title":{"rendered":"AIMGroup: Carro offers car subscriptions in Singapore"},"content":{"rendered":"This article was first published on the <a href=\"https:\/\/aimgroup.com\/2019\/04\/01\/carro-offers-car-subscriptions-in-singapore\/\" rel=\"nofollow noopener\" target=\"_blank\">AIM Group<\/a> site, written by Hu Huijun.\r\n\r\n<span data-contrast=\"auto\">Singapore-based automotive marketplace\u00a0<\/span><a href=\"https:\/\/carro.sg\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Carro<\/span><\/a><span data-contrast=\"auto\">\u00a0has announced the launch of the first subscription-based car service in Singapore.\u00a0<\/span><span data-contrast=\"auto\">Consumers can simply select a suitable plan, depending on their budget and needs, pay, and conveniently drive off.<\/span>\r\n\r\n<span data-contrast=\"auto\">\u201cA typical person takes nearly six years to pay off their car loan. Two-thirds of them even trade in their vehicle before they\u2019ve paid it off, picking up yet another loan\u2026\u201d founder Aaron Tan explained.\u00a0<\/span><span data-contrast=\"auto\">\u201cWe are empowering consumers with the flexibility to drive the car of choice with the option to return it at any time, no strings attached.\u201d<\/span>\r\n\r\nCustomers can choose from three subscriptions plans:<span data-contrast=\"auto\">\u00a0Daily ($885 U.S. a month for economy hatchbacks<\/span><span data-contrast=\"auto\">), Roomy ($1,<\/span><span data-contrast=\"auto\">106<\/span><span data-contrast=\"auto\">\u00a0a month for SUVs and 7-seater cars) and Fancy (<\/span><span data-contrast=\"auto\">$<\/span><span data-contrast=\"auto\">1,475 a month for luxury vehicles). Fees cover the costs usually associated with car ownership like<\/span><span data-contrast=\"auto\">\u00a0insurance, road tax, warranty, 24-hour assistance, and maintenance costs.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n\r\nCustomers can switch or end their subscription at any time. They also won\u2019t need to worry about answering questions related to minor wear and tear, dents, and scratches.\r\n\r\n<span data-contrast=\"auto\">Founded in 2015, Carro began as a marketplace featuring used cars. It\u2019s since expanded its services to include in-house financing, warranty options, insurance, and roadside assistance. The company has offices in Thailand and Indonesia along with its headquarters in Singapore. It claims to be the market leader, facilitating more than $500 million U.S. worth of transactions in 2018.\u00a0\u00a0<\/span>\r\n\r\n<span data-contrast=\"auto\">Carro closed a $90 million extended Series B round backed by\u00a0<\/span><a href=\"http:\/\/www.softbank.co.kr\/en\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span data-contrast=\"none\">SoftBank Ventures Asia<\/span><\/a><span data-contrast=\"auto\">\u00a0and other investors in March.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n<div class=\"rp4wp-related-posts\"><\/div>","protected":false},"excerpt":{"rendered":"<p>This article was first published on the AIM Group site, written by Hu Huijun. Singapore-based automotive marketplace\u00a0Carro\u00a0has announced the launch of the first subscription-based car service in Singapore.\u00a0Consumers can simply select a suitable plan, depending on their budget and needs, pay, and conveniently drive off. \u201cA typical person takes nearly six years to pay off &hellip;<\/p>\n","protected":false},"author":44,"featured_media":8680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[727],"tags":[],"class_list":["post-8679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-announcements"],"_links":{"self":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/8679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/comments?post=8679"}],"version-history":[{"count":2,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/8679\/revisions"}],"predecessor-version":[{"id":14535,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/8679\/revisions\/14535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media\/8680"}],"wp:attachment":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media?parent=8679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/categories?post=8679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/tags?post=8679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}