There is a new, very flexible, car leasing service that is now available here in Malaysia. It is called Flux, An All-Inclusive Monthly Car Subscription Service which basically allows you to drive around in a car without a loan and then change to another car when you feel like it. Unlike the hour to hour car sharing stuff popular these days, this is more like the cars you lease from leasing companies, but more flexible.
The basic premise of Flux is that you get to use a car without a loan, then switch to another because you want a change with no hassle as there are no paperwork, aftersales service to cater to and just drive. It is private mobility made easy with Flux. You do need to pay a monthly subscription fee but there are no downpayments, vehicle servicing costs or other long term debt which will stick with you. Of course, note that this is like a subscription or club monthly fees. It means you have to commit to the package of paying for your car monthly.
They currently offer quite a variety of cars here in Kuala Lumpur at the moment. According to their press blurb, the cars offered are the Honda CR-V family SUV, BMW 6 Series GT fastback, Toyota Yaris hatchback,Volvo XC40 premium crossover, Mercedes-AMG CLA 45 performance four-door coupe and Kia Sportage compact crossover. Quite impressive, and you only pay a monthly subscription fee which would still basically cost like a monthly instalment actually.
From what I can tell, it would cost you RM815 for a 2019 Kia Picanto, RM1,189 for a 2019 Toyota Yaris, RM6,132 for a 2019 BMW 330i M Sport or RM4,653 for a 2019 Volvo XC40. These are basically car instalment prices but since you don't have to complete a hire purchase agreement for about 5 years for any of the cars and just take the car for say, 1 year, it still comes up better for you.
Say this year you feel like a big spender, you take a BMW 330i at RM6,132 per month, and then, maybe for the next year, you intend to save up for that nice vacation to the South of France you trade down for a Toyota Yaris at RM1,189 per month for the next year. Or after that you get bored and then want another car you can change to another one. It seems to be quite flexible from the looks of it.
Of course, it offers you so much flexibility in the end and you don't have to worry about a lot of things because the car is basically under a subscription service. Just take the car, pay for fuel and drive. Quite unique startup I must say.
Anyway, down below is the official press blurb for you readers to peruse the information. You could also head over to Flux's website for more details.
FLUX - PRESS INFORMATION
ABOUT FLUX
Flux was founded in 2018 by Aziz Ayman and Tan Sri
Dr. Zeti Akhtar Aziz. Privately funded, Flux is based in
Kuala Lumpur. Flux aims to pioneer a future mobility
landscape in Malaysia and the Southeast Asian region,
simplifying the relationship between consumers, cars
and their dealerships. In short, to make cars only about
the drive.
HAVE A CAR, NOT A COMMITMENT
Flux offers a wide variety of makes and models. Choose the perfect car for
your needs, even as they change over time. Switch when you want, switch back
when you’re done. You don’t need multiple cars in your garage, just one Flux
subscription.
OUR COLLECTION IS YOUR GARAGE
PROTECT YOU AND YOURS
Flux knows there’s nothing more important than the safety and security of you
and your loved ones. Should your car be involved in an accident, using our tele-
matics device, Flux will send emergency services to your location so that medi-
cal attention is received as soon as possible. Subscribe to reassurance and
enjoy peace of mind.
HOW FLUX WORKS
Flux connects people who want cars with reputable automotive groups and
retailers who have cars. Anyone can browse through the collection of cars
on our online platform, www.driveflux.com, conveniently accessible from any
device. Flux allows members to subscribe to the specific car showcased on the
platform.
Once members have selected a car, they then choose a subscription plan
which starts at month-to-month for total flexibility or up to three years for best
value. Subscription plans indicate how long members intend to use the Flux
service, not a specific car as they have the privilege to switch throughout their
subscription. Members also choose a mileage package between Lite, Standard
and Unlimited which oers a monthly maximum of 1,250km, 2,000km and cap-
less mileage respectively. The Lite package is oered at no additional charge.
Flux’s concierge service will help manage all your car-related administrative
and maintenance matters. This includes yearly document renewals alongside
planning and execution of periodical service and repairs. Own your weekends,
not your car errands.
TAKE BACK YOUR SUNDAYS
Flux cars are yours to keep in your driveway or garage. Unlike other new-age
mobility solutions where cars have to be returned to a collection point, your
Flux car stays with you throughout the duration of your subscription. Flux is
the simpler way to ‘own’ your perfect car!
ALWAYS THERE WHEN YOU NEED IT
A key benefit of Flux is the freedom to switch cars after a minimum of one
month of use with just a standard switching fee. Following a switch, members
pay the monthly rate for the newly chosen car. Flux is the only service able to
oer this level of flexibility at our prices, giving you the best value for your
membership.
Don’t like a car or perhaps chose the wrong one? No problem. Enjoy 3-day Risk
Free Returns and we’ll work with you to find a car that best meets your needs.
Flux allows both Malaysians and non-Malaysians to become Flux members, as
long as they have a Malaysian credit card, mobile contact number and are
above 25 years of age. International driving licence holders are also accepted.
With all this, Flux oers unparalleled flexibility and unmatched convenience
compared to renting, leasing and buying.
THE FLUX ADVANTAGE
Building upon the core tenets of flexibility and convenience, Flux has created a
holistic ecosystem of strategic partnerships to oer consumers a seamless
experience.
Our inventory is sourced from reputable automotive groups and retailers,
ensuring only the best vehicles are made available to our members. The Flux
collection proudly carries cars as desirable and varied in segment such as the
Honda CR-V family SUV, BMW 6 Series GT fastback, Toyota Yaris hatchback,
Volvo XC40 premium crossover, Mercedes-AMG CLA 45 performance
four-door coupe and Kia Sportage compact crossover.
These cars, new and pre-owned alike, are independently inspected to deter-
mine that each and every one is maintained to the highest standards and free
of major accidents and flood damage.
On the road, Flux leverages the power of data through vehicular telematics to
protect you and yours in the event of an untoward incident or to recover your
belongings in the case of theft.
In the event of an accident, we have you covered. Flux has partnered with lead-
ing automotive insurers for comprehensive protection and 24/7 nationwide
roadside assistance to ensure your safety and assist you in every step of the
post-accident process.
These partners share our vision of creating an innovative approach to private
mobility, resulting in a seamless service and the absolute best experience for
our members.
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