drivesy - Car Subscriptions

Most of the negative reviews are about the price for the car. Putting price aside, the app is pretty simple and did what it was supposed to do- let me reserve and pay for a car. With respect to the pricing for the cars, it seems high... but when you if you buy a car for $25,000 then 36 months later decided to sell the car, you’d probably have lost $10,000 in value. So that’s $300/month right there. Add the other stuff they include like insurance probably another $100/month, regular maintenance and repairs, maybe another $50/month, no down payment or interest, probably worth at least another $150/month- you are up to $600+. It seems to make more sense if you don’t want to be married to a specific car. It’s still definitely more expensive than owning one car for 10 years. Guess it depends on what you want.

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started this service because i was in a very difficult situation where i was left without a vehicle and thought i could do lyft to pay for the weekly subscription, but was quickly mistaken when in my third week of renting they up the vehicle prices by 30 dollars so now $270 PER week to rent a vehicle... not only was the price increased but the mileage limit was lower by 200 miles... and no option for unlimited miles. In an email the reasoning for the changes were apparently a rise in insurance rate or something like that but i honestly don’t understand what the mile limit has to do with the insurance rates. and to get a car would be a $500 deposit it’s literally insane...

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This is a whopping F for the consumer from a business school perspective. Prices are outrageously high for mediocre cars. A subscription offers an allusion of convenience and simplicity which does not exist if you read the liabilities in the fine print. My car payment for a traditional 5 year loan from lightstream offers competitive interest rates so I can *own* a car at a fraction of the cost of this service. Sure, it depreciates, but I will *own* something when I go to trade it in in a few years. This service seems to be geared toward people with high discretionary incomes or plain idiots who cannot make wise economic choices. I see very little potential here other than a niche service. As a venture funded startup CEO I look for companies that are truly adding value for their customers and investors. This business model is mostly one-sided and stacked against consumers. As a result I don’t see this company’s valuation depreciating as quickly as a car’s. My advice is to “steer” clear of this service and stick to traditional and economically sensible options.

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Access by BMW is $995 per month for a current year model with unlimited miles, insurance, and full maintenance. Here you can get a 3 year old vehicle for over $1000 a month. If you’re in a financial situation where you can not get a car the traditional way, how can you afford $1000 rip-off? Dear flex-drive, can you please be a solution-based company who is truly trying to solve problems. Your pricing algorithm is giving a high price for low priced vehicles. I’d rather put $1000 down payment for a used vehicle. Also, Volvo has a hybrid lease/car subscription service called Care by Volvo where you can get a new s60 for $709 per month with a 24 month commitment. There are better options out there. FlexDrive seems more like a rental car company than a subscription car company. FlexDrive; do better.

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I tried Flexdrive for the first and last time this past week. I arrived Monday morning and met with an impatient man from Holman Toyota who was apparently too busy to give me a proper introduction to the flex drive program—he said everything was in the app then walked away. Cut to me driving a day later in the middle of the holiday and realizing there was no insurance in the car. I tried to contact customer support and the local dealership and got no response until after Christmas and even that response was me being told to handle it. Corporate support was worse. It gets even more comical because when I showed up to return the car no one from the flex drive department was at the dealership. I’m so annoyed an want to warn anyone considering this to avoid it at all costs.