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Carly launches Car Subscription in Sydney

  • Written by Media Release


Sydney, 9 April 2019: Carly - Australia’s first flexible car subscription has now launched in Sydney.

 

Carly is an alternative to saving for a deposit, leasing or borrowing money to buy a car. It offers access to a range of new and used vehicles including insurance, registration and maintenance packaged into a single monthly payment with no long-term commitments.

 

Carly provides the flexibility that many drivers and especially younger generations are now seeking, by removing the long term financial commitment required to buy or finance a vehicle - eliminating the need to lock into long-term debt, which is increasingly relevant with over 1 million Australian households suffering mortgage stress. The whole process can be performed online without the need to visit multiple dealers, negotiate a price and complete endless forms. Prices for a Carly subscription currently start from a very affordable $119 per week, making it highly suitable for a very wide range of consumers.

 

Carly spokesperson Chris Noone said: “Carly is fully online and we deliver the car to you. You can join today and drive tomorrow. A car loan or lease locks you into a car for about three years, but who can expect their life and car needs to stay the same for three years? You’ll likely change jobs, go on an extended holiday, need extra cash or start a family.

 

Carly lets you change your car to suit your life when you want, not when the bank tells you. If you like the idea of being able to start, change or pause your car subscription as your lifestyle changes and don’t want to be tied into a long-term car loan or lease, then Carly is a far better solution than ownership or leasing.”

 

With flat wage growth, tightening credit requirements and house values diving, over 31% of owner occupied borrowing households (1 million Australian households) are now experiencing mortgage stress. Since the Banking Royal Commission, car finance has gotten tighter and banks have been cracking down on lending. Carly is ideal for those who want the convenience of a car but aren’t able to obtain a loan, and/or don’t want to be locked-in to stressful long-term loan or lease repayments. Growing families,relocators, contractors and millennials who prefer experiences over ownership will benefit from the flexibility of a car subscription.

 

With the freedom to start or pause the subscription at any time, Carly is perfect for those who may be considering an extended holiday and don’t want the expense of car that is left idle at home. Similarly, if a subscriber is looking to save money for a few months, they can simply pause their subscription.

 

Once subscribed to the service, drivers can choose their first car, which will be delivered directly to their door. They can continue subscribing to that car for as long as they like or they can choose to switch to a different car each month.

 

Carly is now available in Sydney and coming soon to other capital cities. To find out more, please go to https://www.carly.co/.

 

Relevant research:

 

  • ‘A J.D. Power and Acxiom joint study asked customers if they would consider an "all-in-one" monthly subscription payment, and 59 percent said they "definitely would" or "probably would." Of that group, roughly 78 percent were in Generation Z, born in 1995 or later’ (AutoWeek 9 April 2018).

 

  • Overall new-vehicle sales across Australia declined 7.9 per cent 2019 YTD vs 2018 (VFACTS March 2019) indicating that Australians are re-considering the long term financial commitment involved in the outright purchase of a vehicle. This declining sales trend has continued from late 2018.

 

  • The implications of the Banking Royal Commission and restricted credit availability, mean that many people are unable to gain vehicle finance, despite a good financial standing. The launch of Carly is ideally timed to meet the needs of people who are not being satisfied  by traditional finance products.

Budget Gives Boost to Small and Medium Sized Businesses

  • Written by Media Release


BCCM welcomes focus on empowering small and medium businesses in 2019 Budget

 

Canberra –The Business Council of Co-operatives and Mutuals (BCCM) welcomes the extension of tax cuts on asset purchases announced in the 2019 Budget. Write-offs will now apply on assets up to $30,000, and for businesses with a turnover of up to $50 million. This will help many smaller co-operatives and mutuals improve their bottom line and make important investments.

 

Melina Morrison, BCCM’s CEO, said, “In this era of accountability, we are pleased Government has made provision for change in areas where there is rising demand for services. Our members who work in the aged care, disability care, health and housing sectors will benefit from the measures. Given the economic climate where the Australian and global economy are stuck in a downward trend for growth, we are pleased to see a focus on maintaining a strong economy and that the Budget includes support for small businesses and the agricultural sector. We welcome the investment in business incentives and new programs that will boost apprenticeships and address skill shortages.” 

 

A range of Budget measures to incentivise local land stewardship, enhance business energy efficiency, support local microgrid development and develop regional connectivity will benefit co-operatives and their members across Australia.

 

Ms. Morrison said, “We are pleased to see the focus the Government has placed on communities. Co-operatives and mutuals are, by their very nature, community focused with profits always going back to their members and communities.

 

“Government programs work best when communities are given the chance to help themselves. These measures do that, giving regional communities the chance to form resilient new enterprises and strengthen existing enterprises, including locally-owned co-ops and mutuals.”

 

The BCCM welcomes support for agricultural co-operatives and their members in the form of increased support for exporters and relief for farmers who have been affected by flood and drought.

 

As the co-operative and mutual sector is budget neutral, the BCCM remains focused on regulatory reform for its members and hope that Government will make it a priority this year.  BCCM continues to push for the following legislation:

 

Treasury Laws Amendment (Mutual Reforms) Act 2019, which was tabled in the Senate earlier this year. Reforms include:

  • The improved capability for mutuals to raise capital.  This will allow for more competition in the mutual and banking sector, something that will benefit all Australians. 
  • Adding the legal definition of mutual entities to the Corporations Act.  This will recognise mutuals as a legitimate business model in a highly competitive sector 

 

BCCM also continues to push for the inclusion of co-operatives in the red-tape busting Commonwealth Modernising Business Registers program.  Amendments to a Bill currently in Parliament would allow States and Territories to delegate administrative functions for state-registered co-operatives to the proposed Commonwealth Registrar.

 

The Business Council of Co-operatives and Mutuals (BCCM) is the national peak body representing Australian member owned businesses. Formed in 2013, the BCCM is led by the chief executives of Australia’s co-operative and mutual businesses in all sectors including agriculture, financial services, health insurance, retail, motoring services and human services. The BCCM works to promote the role of member-owned enterprises in the national economy. With over 2000 co-operative and mutual businesses operating nationally representing a total of 29 million memberships, the BCCM highlights the contribution co-operatives and mutuals make to economic and social development in Australia. www.bccm.coop

 

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