Car rental company Kyte is expanding their offerings to include vehicle subscriptions, and is launching the new service with a fleet of Tesla Model 3s.
The electric vehicles (EVs) will be available in San Francisco and New York City service areas (including Manhattan, Brooklyn, and Jersey City) starting on April 15, 2022. According to Kyte’s website, the Model 3 Long Range is available on three different terms – 3 month, 6 months, or 12 month subscriptions. The shorter the term, the more you pay, but the price includes maintenance, insurance, registration, and roadside assistance.
Customers also have to pay a $299 startup fee, and a $100 refundable deposit is required to get started.
If you are enjoying your Tesla and want to keep the subscription going, Kyte will allow you to extend it at any time. The company will initially offer Model 3s in the above noted markets, but plans to expand to include more EVs and operate in more markets later this year.
Kyte will going up another recent Tesla subscription service in California. Autonomy launched in January, and in terms of a financial commitment, operates slightly differently. Autonomy requires as much as a $5,500 down payment, which gives you a monthly rate of $550. Decrease your down payment to $1,000 and your monthly rate increases to $1,000.