We’re stoked to announce we have teamed up with the Commonwealth Bank, to make our flexible mobility solutions available through the Cars for CommBank platform.

This is a defining moment for flexible vehicle access as it moves into the financial mainstream, placing the subscription model in front of one of the country’s largest retail customer bases. This offering provides a flexible alternative to the traditional five year loans most consumers opt for.

Karmo CEO & Co-Founder, Nick Boucher, sees this as a pivotal moment for the industry:

“This is the first real signal that a major Australian bank recognises the shift in how Australians want to access vehicles as an alternative to traditional ownership… This brings subscribers a mainstream alternative, offering greater choice, predictable costs and access to the car they want, without the need for long-term financial commitments.”

Greater choice, lower risk

By working together with Cars for CommBank, we’re making it easier than ever for customers to find a vehicle solution that truly suits them. Paul Nicolo, General Manager for Consumer Lending at CommBank, echoed the importance of this flexibility:

“Expanding our car inventory to include subscription services adds another layer of flexibility, allowing customers to try a car and see if it suits their lifestyle before deciding whether ownership is right for them, without ongoing contracts, finance commitments or lock-ins.”

Accelerating Australia’s shift to electric

Our subscription service is uniquely positioned to help households confidently make the shift to cleaner energy vehicles. An EV subscription removes the long-term financial commitment, making it the perfect low-risk way to trial a hybrid or electric vehicle before committing to ownership.

With Karmo, you can:

• Experience an EV before deciding if it’s right for you.
• Easily switch between petrol, hybrid, and electric models.
• Upgrade quickly as new models or battery technology arrive.
• Avoid potentially high upfront costs or long finance terms.

Car access that adapts with changing lifestyles

The Cars for CommBank x Karmo referral agreement provides an accessible option for Australians who want vehicle access without the need for long-term financial commitments. This model is perfect for those who value cost certainty, flexibility, and optionality, including:

• Expats and newcomers who need immediate, low-friction access to a reliable vehicle.
• Young professionals and families wanting predictable weekly costs during a period of rising household expenses.
• Short-term, project-based, and mobile workforces where flexibility is essential.
• Drivers who prefer to upgrade or switch vehicles more frequently, especially as hybrid and EV technology evolves.

This solidifies Karmo’s position as a forward-thinking mobility solution, aligning how you access your car with how you live and work today.

Why subscription is the future of driving

Over the past 3.5 years, the demand for Karmo’s subscription service has grown by a staggering 500%. This growth is driven by Australians who value predictable expenses and the flexibility to change vehicles as their lives evolve.