“Santa Barbara is an important region for us to offer Autonomy subscriptions,” said Scott Painter, founder and CEO of Autonomy. “With nearly four times the national average for EV ownership, Santa Barbara and the Central Coast are ahead of the curve in sustainable mobility and switching from internal combustion engines to electric vehicles. We are excited to accelerate the adoption of green vehicles in Santa Barbara and showcase a new means of mobility for those who have not yet made the switch to electric.”
The counties continue to be leaders in EV adoption, with more than 2,000 EV charging stations and 14 Tesla Supercharger locations and growing. As consumers are still feeling pain at the gas pump, switching to an EV through Autonomy can help them save money and reduce their carbon footprint.
Customers eager to drive a Tesla Model 3 will have access to Autonomy’s fast, easy, and affordable subscription service. Autonomy’s monthly subscription costs less than Tesla’s own leasing or financing plans. Subscribers can reserve a Model 3 via Autonomy’s app or website and a $100 refundable deposit. A payment dial allows customers to personalize subscriptions from as low as $490 per month with an initial $4,900 start fee, to $1,000 per month with an initial $1,000 start fee. A $500 refundable security deposit is required when the subscription is activated.
How to Subscribe:
- Download the Autonomy app in the app store (coming soon to Android).
- Scan your driver’s license and digital form of payment.
- Schedule your pickup or delivery.
Autonomy’s monthly payment covers the traditional costs of vehicle ownership, including annual registration and licensing fees, routine maintenance, roadside assistance, and standard wear and tear on tires, which can be additional expenses with either a traditional lease or loan.
“The new way of mobility is through a subscription service,” said Georg Bauer, co-founder and president of Autonomy. “Without going into long-term, high-interest debt, many in California — and now, California’s Central Coast — have flexible and affordable access to an EV through Autonomy.”
Adding to the cost advantage, Autonomy drivers have the flexibility to subscribe month to month after a three-month minimum hold period. The platform is a viable market option for those who do not want or cannot afford the long-term commitment of buying or leasing an electric car.
Autonomy’s subscription model offers a radical new solution to the rising demand for electric cars. An additional advantage is the company’s stock of Model 3s that are available for delivery or pick up within a week, compared with the six- to nine-month wait for a lease or loan.
Autonomy is the first U.S. company to offer a comprehensive monthly subscription for a Tesla Model 3, with other popular EV models scheduled in the near future. Founded by serial auto entrepreneurs Scott Painter (CarsDirect, TrueCar, Fair) and Georg Bauer (Mercedes-Benz, BMW, Tesla, Fair), Autonomy is designed to provide a quick and efficient customer experience. A vehicle can be ordered on the app in as little time as 10 minutes and picked up from our delivery center in Santa Monica or scheduled for delivery within a week.
ABOUT AUTONOMY
Autonomy is a technology company on a mission to make access to mobility easy and affordable through car subscriptions. The company was founded by auto retail, auto finance, and auto insurance disruptors Scott Painter and Georg Bauer, who founded Fair, the first-ever used-vehicle subscription offering, pioneering the Car-as-a-Service (CaaS) category. Building upon that experience, Autonomy has created a turnkey vehicle subscription platform for consumers and the automotive industry that enables vehicle subscriptions to scale profitably and become a mainstream alternative to traditional car buying. Autonomy is innovating through technology, finance, and insurance to power car subscriptions for the battery, electric vehicle, and zero-emissions vehicle sectors. Autonomy relies on partnerships with automakers and brick-and-mortar car dealerships to provide benefits to both consumers and the industry. Autonomy represents freedom from long-term debt, freedom from long-term commitments, and even freedom from fossil fuels. It means new choices and more control over your financial well-being. Autonomy is based in Santa Monica, California.
Autonomy PR Contacts:
Shadee Malekafzali
Head of Investor Relations and Corporate Communications
shadee@autonomy.com
Matt Swope
Corporate Communications Manager
matts@autonomy.com
