What is the rent to own cars model in Melbourne?
Rent to own car plans in Melbourne are a financing arrangement where you rent a car with the option to own it after completing a series of payments. While it might sound convenient, this model has significant downsides.
These include high overall costs due to inflated interest rates and hidden fees, limited flexibility in adapting to changing needs, and lengthy commitments that tie you into years of payments. Moreover, Rent to own cars are often unpopular, older models, lacking modern features that depreciate quickly.
Karmo provides a hassle-free alternative that addresses all these concerns.
View our latest subscription cars in Melbourne
Considering a rent to own cars in Melbourne?
Why choose a car subscription over a rent to own car model
- Avoid higher costs
Rent to own car plans in Melbourne often come with hefty initial payments and unexpected fees. With Karmo, you enjoy a low upfront cost and all-inclusive pricing because what you see is what you pay.
- Drive the latest models
Stay up to date with the newest vehicle technology. Karmo’s subscription service gives you access to a wide range of modern cars, from fuel-efficient hatchbacks to spacious SUVs.
- Enjoy flexibility on-the-go
Need a car for a few months or longer? With Karmo, you’re not locked into long-term contracts. Enjoy the freedom to adjust or cancel your subscription with just 30 days' notice.
- No ownership hassle
Forget the responsibilities of maintenance, insurance, and depreciation. Karmo takes care of everything, so you can focus on driving without the burdens of ownership.
Beware of the rent to own cars trap
- Excessive costs
Over time, you may end up paying nearly double the car’s original value only to end up with a highly depreciated vehicle.
- Unclear ownership
You don’t truly own the car until the final payment is made, and any missed payments could lead to forfeiture.
- Hidden fees
Many rent to own car agreements include additional charges, such as administrative or late fees, that inflate the total cost.
Karmo vs Other Subscriptions vs Rent to own
Karmo’s subscription service has become the go-to choice for Melbourne drivers seeking a smarter alternative to rent to own car plans. With no long-term commitments, transparent pricing, and unmatched flexibility, Karmo puts you in the driver’s seat both literally and figuratively.
Features
Other Subscriptions
Rent to own
New cars
No application, sign up or swap fees
No credit check
New car rotation
Registration & Insurance
Maintenance & servicing
No long-term commitment
No hidden costs
Features
Other Subscriptions
Leasing
New cars
No application, sign up or swap fees
No long-term contracts
New car rotation
Registration
Maintenance & servicing
Insurance
No hidden costs
12,000+ satisfied drivers on the road
Here’s what our customers say about Karmo car subscriptions.
What do we mean by all-inclusive?
New car experience
The cost of your vehicle is included. Karmo ensures that our vehicles are always new, with mileage limited to 15,000km, providing you with a permanent new car experience.
Vehicle registration
Karmo takes care of all the necessary paperwork and registration costs ensuring that each car is properly registered.
Maintenance & servicing
All servicing, maintenance and tyre costs are covered by Karmo, ensuring that your vehicle remains in optimal condition and saving you money.
Roadside assistance
Karmo offers 24/7 roadside assistance, ensuring that help is just a phone call away in case of emergencies.
Vehicle insurance
Full insurance coverage is included, providing you with financial protection in the event of an accident or damage.
Flexible plans
No more 3 year contracts! You can sign up for the duration you need and have the option to stop or swap at the end of your plan, providing you with flexibility and freedom from lengthy commitments.
Generous mileage
Karmo’s car subscription plans include a generous allowance per week of driving. Any overages are simply charged per KM.
Less fees & no hidden costs
Unlike competitors, Karmo won’t charge you for choosing us! At Karmo you will enjoy zero application, signup and swap fees, making it more accessible and cost-effective compared to other providers.
No long-term commitments
We believe a car subscription service should be just as flexible as any other subscription service. That’s why we provide our drivers a convenient cancellation policy.
New car experience
Vehicle registration
Maintenance & servicing
Roadside assistance
Vehicle insurance
Flexible plans
Generous mileage
Less fees & no hidden costs
No long-term commitments
What do we mean by all-inclusive?
New car experience
New car experience
The cost of your vehicle is included. Karmo ensures that our vehicles are always new, with mileage limited to 15,000km, providing you with a permanent new car experience.
Vehicle registration
Vehicle registration
Karmo takes care of all the necessary paperwork and registration costs ensuring that each car is properly registered.
Maintenance & servicing
Maintenance & servicing
All servicing, maintenance and tyre costs are covered by Karmo, ensuring that your vehicle remains in optimal condition and saving you money.
Roadside assistance
Roadside assistance
Karmo offers 24/7 roadside assistance, ensuring that help is just a phone call away in case of emergencies.
Vehicle insurance
Vehicle insurance
Full insurance coverage is included, providing you with financial protection in the event of an accident or damage.
Flexible plans
Flexible plans
No more 3 year contracts! You can sign up for the duration you need and have the option to stop or swap at the end of your plan, providing you with flexibility and freedom from lengthy commitments.
Generous mileage
Generous mileage
Karmo’s car subscription plans include a generous allowance per week of driving. Any overages are simply charged per KM.
Less fees & no hidden costs
Less fees & no hidden costs
Unlike competitors, Karmo won’t charge you for choosing us! At Karmo you will enjoy zero application, signup and swap fees, making it more accessible and cost-effective compared to other providers.
No long-term commitments
No long-term commitments
We believe a car subscription service should be just as flexible as any other subscription service. That’s why we provide our drivers a convenient cancellation policy.
Apply for Karmo's car subscription service
Karmo’s car subscription application process is quick and easy, just like a car subscription service should be. With no credit checks or finance required, the application can be completed in under 5 minutes with the added bonus of accessing pre-approval instantly. With no application fees and a convenient cancelation policy, you can subscribe to your dream car risk free with Karmo.
- Apply in minutes
With no credit checks or finance required, the application can be completed in under 5 minutes with the added bonus of accessing pre-approval instantly.
- We get in touch
Your preferred hub will contact you to find a suitable car and subscription plan for your needs.
- Drive away, within a day
If your car is in stock, you can drive away the same day and begin your subscription journey!
- 5 min to complete
Need a hand?
We’re here to help! If you have questions or need advice, you can easily reach out to us via email or give us a call. Prefer to find answers on your own? Check out our FAQs for quick solutions and helpful tips. Whatever you need, don’t hesitate to contact us—we’re ready to support you every step of the way.
Can I cancel my Karmo subscription anytime?
Karmo’s car subscription is flexible, ensuring you’re not tied to a car that doesn’t suit your needs. Once you complete your minimum term you can cancel your car subscription with a 30-day notice. You will need to provide the 30-day notice by emailing info@karmo.co.
How much does a Karmo car subscription cost?
Karmo has a wide range of vehicles to suit your needs and you can find which vehicles are available near you by visiting https://karmo.co/inventory-subscription/
Managing toll payments for your Karmo subscription vehicle
Karmo’s terms and conditions require that tolls be paid directly to the toll operator. This helps keep variable weekly costs to a minimum and help our customers budget for their subscriptions with ease. To make it easier for you, we strongly recommend fitting a toll tag to your vehicle, otherwise an administration processing fee of $5 is applicable to any unpaid tolls that we receive on behalf of your vehicle. In such cases, you will be charged the unpaid toll charges and the administration processing fee on your next weekly payment.
Who is covered by Karmo provided insurance in my subscription car?
To ensure compliance with our insurance policy, it’s important to note that coverage is limited to the person listed on the contract, as well as any additional drivers who are explicitly mentioned on the subscription agreement.
This means that only the primary subscriber and any additional drivers specifically listed on the contract will be covered by our insurance policy during the subscription period. It is essential to adhere to this requirement for the protection and safety of all parties involved.
Please remember that driving without the appropriate coverage may result in liability and potential financial risks. The safety and security of our subscribers remains a priority and we provide comprehensive insurance coverage as per our policy guidelines.
What is included in a Karmo car subscription plan?
At Karmo, we take pride in offering comprehensive car subscription plans that cover a number of services and expenses related to your vehicle. Our subscription plans include:
- Cost of the Car: The subscription fee covers the cost of the vehicle itself, allowing you to enjoy driving without the burden of car ownership.
- Registration Fees: We handle the registration fees associated with the vehicle, ensuring that it remains legally compliant throughout your subscription period.
- Roadside Assistance: Our car subscription plans include roadside assistance services, providing you with peace of mind in case of any unexpected breakdowns or emergencies on the road.
- Damage Cover: We provide damage coverage for the subscribed vehicle, safeguarding you against potential damage and accidents.
- Servicing and Maintenance: Servicing and maintenance of the vehicle are included in the subscription plan, ensuring its optimal performance and reliability.
By bundling these services and expenses together, we aim to offer a hassle-free and all-inclusive car subscription experience.
Is fuel or charging included in a Karmo car subscription plan?
Fuel and charging expenses remain the responsibility of the subscriber. This means that you will need to bear the costs associated with refuelling or charging the vehicle during your subscription period.
Frequently Asked Questions
Karmo’s all-inclusive car subscription model, unlike other subscriptions, only provides new cars with the option of upgrading or swapping to a new car every four months.