ClickMe Cars opens in Melbourne for people the banks say no to

In this episode of Global Economic Press, Alex Brady discusses the innovative car subscription service offered by ClickMe Cars, which is set to open its first Melbourne office. ClickMe Cars, accessible at clickmecars.com.au, provides a unique solution for individuals who have been denied traditional car loans due to poor or non-existent credit histories. The service allows customers to drive away with a car on the same day without undergoing a credit check, making it an attractive option for many Australians, particularly Millennials, Generation Z, and households earning under $100,000, who often avoid applying for financial products due to credit score concerns.

ClickMe Cars operates by owning and maintaining the vehicles, thus assuming the associated risks, and offers a straightforward approval process requiring only a driver's license and proof of address. The subscription includes registration, servicing, and tires, with optional damage cover. The company also features a loyalty program where customers earn points for timely payments, which can be used towards car ownership. This approach has been praised for its speed, ease, and flexibility, allowing customers to leave with just one week's notice and no exit fee. The Melbourne office, located in Sunshine North, will also offer a Business Rewards program for small business owners, providing them with a work vehicle and a path to ownership.