Like with every other aspect of modern life, car ownership has also gone through a transformation in the last two decades. Gen Z and millennials primarily considering a vehicle for mobility’s sake and not just as a status symbol has been the reason for the growing acceptance and popularity of subscription-based mobility and long-term car leasing in India . But the question still remains, how viable actually is long-term car leasing in India right now? Let’s get through the basics first! Car Subscription Vs. Leasing Sometimes used interchangeably, car subscription and leasing have slight differences. While a subscription enables a person to own a vehicle for short durations like a few months to a year, leasing is generally for a couple of years. The registration certification (RC) in a subscription agreement is in the name of the company and the number plate is black colored. In a leasing contract, the vehicle is registered in the user’s name and the number plate is the usual white...