Car-subscription service Carzuno has announced its launch in Singapore and plans to expand into the Southeast Asia region. It claims to be the country’s first service for car subscriptions.
The site was founded in May 2021 by Amrt Sagar (LinkedIn profile), a former Uber and Grab executive, and Andrew Chan (LinkedIn profile), who previously worked at Hertz and ComfortDelGro. Carzuno offers customers full-time use of a car of their choice on a monthly subscription basis without buying or leasing. It aims to revolutionize auto ownership and become the leading car-as-a-subscription company in Southeast Asia.
The service has a range of more than 40 car models on offer, including Japanese hatchbacks, German SUVs and Italian sports cars. The monthly fee starts at $992 U.S. and covers the car, insurance, servicing, taxes and 24-hour breakdown service. Clients can also change their cars at the end of their subscription period to suit their evolving needs.
Subscribers can opt for plans that range from one to 24 months and have their car delivered to their doorsteps in less than 24 hours after a three-minute signup process. Carzuno’s services address the need, particularly among millennials, expats, and corporate clients, to avoid long-term commitment and large upfront expenses required to finance the purchase of a car.
With a number of automotive marketplaces active in Singapore, including Carro and Carsome, Carzuno offers local consumers an alternative to purchasing a vehicle.