Scott Painter announces vehicle subscription platform NextCar

Automotive retail innovator (a founder of Fair.com, TrueCar and CarsDirect), Scott Painter, announced a new venture NextCar (NXCR). NXCR was launched in response to COVID-19 and the heightened relevance and expected demand for a Car-as-a-Service (CaaS) mobility model for consumers.

“Vehicle subscription is an antidote to the affordability concerns and economic uncertainty faced by today’s car shopper. It was an attractive value proposition for consumers before the pandemic, as evidenced by over 3.5 million downloads of the Fair app within its first twenty-four months, and it is even more compelling today.” NXCR founder Scott Painter.

Vehicle subscription allows consumers to pay a monthly usage fee for a flexible term (eliminating the long-term commitment of a traditional loan or lease). Subscription services bundle insurance, maintenance and other vehicle operating costs into a single, affordable monthly payment.

“Mobility needs haven’t changed drastically since the pandemic, what has changed is the immediate need for a fully digital, low commitment and affordable mobility option that can be completed entirely on a mobile device. Vehicle subscription satisfies all of these needs and NextCar is committed to bringing to market a platform for vehicle subscription that enables it to thrive.” – continues Painter.