{"id":9062,"date":"2019-12-30T14:04:36","date_gmt":"2019-12-30T06:04:36","guid":{"rendered":"https:\/\/blog.carro.sg\/?p=9062"},"modified":"2025-11-18T19:18:18","modified_gmt":"2025-11-18T11:18:18","slug":"carro-year-in-review-new-products-services-achievements","status":"publish","type":"post","link":"https:\/\/carro.co\/sg\/blog\/carro-year-in-review-new-products-services-achievements\/","title":{"rendered":"CARRO’s Year in Review | Our New Products, Services and Achievements"},"content":{"rendered":"In 2015, we set out with a vision to lead the automotive and mobility solutions market by providing a better experience, democratizing information and advancing the automotive industry.\u00a0<\/span>\r\n\r\n4 years on and we\u2019ve moved closer to realizing this, with 2019 being an eventful year, launching a host of first-in-the-market services and products, regional expansions and recognition from our investors and media.<\/span>\r\n\r\nSo, let\u2019s dive into CARRO's Year in Review and learn about the details of what we've done and achieved this year.<\/span>\r\n

CARRO's Year in Review:<\/strong><\/h2>\r\n

1. Singapore\u2019s First Car Subscription Service with True Usage-Based Insurance<\/span><\/h3>\r\nWe kickoff CARRO's Year in Review with one of the biggest highlights. This year was our launch of Singapore\u2019s <\/span>first car subscription service<\/span><\/a>. This new service provides Singaporean drivers with a commitment-free and flexible car ownership experience that\u2019s unlike <\/span>traditional car ownership<\/span><\/a>.\u00a0<\/span>\r\n\r\nDepending on their needs, drivers can choose from 3 different plans, Daily, Roomy or Fancy, and pay a fixed monthly subscription fee that covers everything from insurance to maintenance. To achieve true flexibility, there is no fixed term or contract so customers can unsubscribe whenever they want.<\/span>\r\n\r\n\"CARRO's\r\n\r\nAs we continue to improve on our offering, we partnered up with NTUC Income in November to launch a \u201cpay-as-you-drive\u201d <\/span>Usage-Based Insurance (UBI)<\/span><\/a> program. <\/span>This first-in-the-market initiative is exclusive to our Car Subscription service and is designed to ensure higher savings with the use of tech and data analytics. <\/span>\r\n\r\nEvery month, customers will only be charged the premium amount based on their distance travelled, and they will receive rebates to offset their subscription fee for the following month.<\/span>\r\n\r\nWith these new technology-enhanced offerings, we hope to make owning a car in Singapore a more accessible and cost-efficient option. <\/span>\r\n

2. Singapore\u2019s Only 1 Year Lease to Own (LTO) Scheme<\/span><\/h3>\r\nFrom the very beginning, empowering drivers with the ability to own a car has been one of our goals. As such, we launched the <\/span>first and only 1 year Lease to Own (LTO) scheme in Singapore<\/span> in July. This scheme was introduced to exclusively help private hire drivers own a car and maximize their earnings every month.<\/span>\r\n\r\nIn many cases, private hire drivers would have to eat up their earnings every month to pay for their car rental. However, with our LTO scheme, these drivers would be able to earn more as they are now owners of their cars. Not to mention, they will only need to lease for 1 year, instead of 5-7 years, before the car belongs to them. This would greatly enable private hire drivers to take control of their earnings and save more on rental costs each month.<\/span>\r\n\r\nCheck out the video and hear from private hire drivers who have benefitted from our LTO scheme:<\/em>\r\n\r\n