Cadillac Has Launched A "Vehicle Subscription Service" in New York City
If you've ever lived in New York City, you probably know that owning a car is not the easiest thing to do. Once you've forked over the cash for the car's sticker price, you've got the usual expenses like insurance, maintenance and gas — then you've got the added cost of parking, plus the hassle of having to call ahead and arrange for your car to be ready every time you want to hit the road. Renting a car is even more time-consuming and can cost a lot, too. So Cadillac has come up with an alternative: BOOK by Cadillac.
In a way, the service is sort of a cross between owning a car, leasing a car, renting a car and Netflix. Dubbing itself a "luxury vehicle subscription service," BOOK by Cadillac gives customers access to the car-maker's entire fleet of vehicles, when and where they want it, and for however long they need it. Which means you could spend the winter driving a brand-new Escalade, then swap it out for a sporty CT6 sedan when the warm weather comes calling — and it's all done with just a few clicks of an app.
The process for getting started is pretty easy: you simply provide Cadillac with your driver's license and credit card and they give you access to the service's app, where you can request a car, schedule its delivery and make arrangements to swap it out for a new ride (which you can do up to 18 times per year). Ongoing access to this kind of luxury, however, does not come cheap: members pay $1,500 per month, which doesn't include gas, tolls or parking (though the car is delivered with a full tank).
When Condé Nast Traveler took the program for a test drive, the writer also had to meet with a representative to swap out the car, as opposed to being able to access the new vehicle via Bluetooth like you can with other services like Zipcar. Which means that, for casual drivers, car-sharing services like Zipcar, Silvercar and Car2Go might be a better option — and that's fine with Cadillac. "It's not about ownership and possession, it's about experience," Cadillac representative Eneuri Acosta told Condé Nast Traveler.
While the service is only offered in NYC at the moment, the company hopes to expand it to other cities in the future, which is where it shows the most promise, as it could allow frequent travelers to forgo dealing with car rentals and let bi-coastal professionals eliminate the headache of car ownership — or car ownership times two. Check out the video below to learn more about the new program.
H/T: Condé Nast Traveler
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| 2X miles | 2 miles per dollar on every purchase |
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| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
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Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
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Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
