Published on October 10th, 2019 | by Subhash Nair4
Flux Launched in Malaysia: Car Subscription Done Right
Most Malaysians have become accustomed to essentially two forms of car ‘ownership’: hire purchase or cash buys. A new service, Flux, promises to open up the ownership experience with less paperwork, more flexibility and fewer strings attached. Flux is a new all-inclusive monthly car subscription service that’s based and available in Malaysia.
Here are some key BENEFITS of Flux:
- No downpayment required
- Subscription tenures can be from 1 month to 3 years, with rates going down the longer the term
- Monthly mileage cap is 1,250km, extendable to 2,000km or unlimited mileage for additional fee
- A wide variety of makes and models available from different brands, segments and body types.
- Users may switch between car models when they require. 3 days risk-free returns should you change your mind about the car you’ve selected. Otherwise, there’s a fixed switching fee.
- The monthly payment covers the insurance, road tax and ALL maintenance items. Only items not covered: petrol, parking, toll and any repairs incurred by the user that are not covered by insurance
- Their concierge service manages all maintenance and administrative tasks related to the cars
- The car stays with you, no need to collect or return cars during the subscription period
- All cars have a telematics device that will send an ambulance your way in the event of an accident
Who can use Flux?
Anyone above 25 can use Flux provided they have:
- a Malaysian credit card
- a Malaysian mobile contact number
- a driving licence (International Driving License accepted)
What cars do they have
The variety of cars available will be expanding in the coming weeks. For now, the website shows the following cars available in KL:
- 2019 MINI COOPER S CLUBMAN
- 2019 MINI COOPER S COUNTRYMAN SPORT
- 2019 BMW 630i GT M SPORT
- 2019 BMW 530i M SPORT
- 2019 BMW 330i M SPORT
- 2019 BMW 330e M SPORT
- 2019 BMW X3 xDrive30i
- 2019 BMW X1 sDrive20i
- 2019 BMW 530e M Sport
- 2019 BMW 520i
- 2019 Volvo XC40 T5
- 2019 Nissan X-Trail 2.0 2WD
- 2019 Toyota Yaris 1.5 G
- 2019 Toyota Vios 1.5 G
- 2019 Honda City 1.5 S
- 2019 Honda HR-V 1.8 V
- 2019 Honda HR-V 1.8 E
- 2019 Honda CR-V 2.0 2WD
- 2019 Honda City 1.5 S
- 2018 Honda CR-V 1.5 TC 2WD
- 2018 Honda Jazz 1.5 S
- 2018 Toyota Fortuner 2.4
- 2018 Toyota Harrier LUXURY
- 2018 Toyota Camry
- 2018 Toyota Sienta 1.5 V
- 2018 Toyota Innova 2.0 X
- 2018 Kia Picanto
- 2017 Peugeot 3008
- 2017 Peugeot 2008
- 2016 Kia Sportage 2.0L Petrol AWD
- 2016 Toyota Sienta 1.5 V
- 2016 Toyota Vios 1.5 GX
- 2014 Mercedes-AMG CLA 45
- 2013 Mercedes-Benz S 300 L
- 2009 BMW 740LI
Some entries appear more than once, while other have already been booked. Head here for the full list. You may have also heard of Renault’s existing car subscription service which is also available in Malaysia which is similar but not identical to this.
Here’s a note from the Founder
“It’s unbelievable that in 2019, the only financially attractive way a Malaysian can have access to a car 24/7 all year round is through a hire purchase loan. Because buying a car, a highly depreciating asset, is probably the worst financial decision a household can make.
“From my time in Silicon Valley, I observed first hand how the tech industry was disrupting the mobility space. In essence, consumers are being empowered to make better decisions with less compromise.
“I founded Flux to challenge the status quo and oer a better alternative to the conventional car loan, here at home in Malaysia. At Flux, we are excited to pioneer a new means to access all the benefits of having a car in your driveway, without the costs. We are proud to challenge the conventions of car ownership, working collaboratively with the leading local automotive groups. Together, we offer you freedom of choice, at unparalleled convenience. In short, Flux is the simpler way to ‘own’ your perfect car,” said Aziz Ayman, Founder & CEO of Flux.
Here’s the full press release for your perusal.
HAVE A CAR, NOT A COMMITMENT
Flux is an all-inclusive monthly car subscription service, offering all the benefits of having your dream car without the drawbacks. Members pay a monthly fee to drive a car of their choice without commitment. No downpayment, no debt, no problems.
OUR COLLECTION IS YOUR GARAGE
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.
TAKE BACK YOUR SUNDAYS
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.
ALWAYS THERE WHEN YOU NEED IT
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!
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 telematics device, Flux will send emergency services to your location so that medical attention is received as soon as possible. Subscribe to reassurance and enjoy peace of mind.
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 offers a monthly maximum of 1,250km, 2,000km and capless mileage respectively. The Lite package is offered at no additional charge.
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 serviceable to offer 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 offers unparalleled flexibility and unmatched convenience compared to renting, leasing and buying.