π Roam Microleases are now available to save you more money on a 6 or 12 month plan! Here is a breakdown on everything you need to know.
Roam subscriptions are now new and improved and we're calling them 'Microleases' for businesses. They're a flexible, maintenance-included 6 or 12-month vehicle lease alternative designed for ease and flexibility.
They don't require loans or financing, and are payable by credit card. This guide walks you through how to get started.
π Before You Start: Credit & Eligibility
All Roam subscriptions are subject to:
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A soft credit check (no impact on your credit score)
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A minimum credit score of 550 to qualify
β Whatβs Included
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12-month vehicle subscription on a like-new vehicle.
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Maintenance included
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No financing β pay monthly by credit card
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Vehicle plated to you (the customer)
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You procure your own insurance and pay licensing/registration fees
π Step-by-Step Setup
1. Choose Your Vehicle
Select a vehicle from Roamβs available inventory. Once confirmed, Roam will:
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Provide the VIN
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Guide you through payment, registration, and insurance steps
2. Submit Information for Vehicle Registration
Roam will coordinate the registration process and plate the vehicle to you.
π Required Information:
To plate the vehicle, youβll need to submit:
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Full legal name (individual or company)
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Driverβs licence or corporate ID number
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Date of birth (if individual)
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Proof of address (e.g., utility bill, government document)
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Signed lease/subscription agreement
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Insurance policy details (see below)
You will be responsible for paying the $250 licensing and registration fee. This includes safety and administrative costs to register the new license plates. Roam will assist in issuing the plate in your name.
3. Set Up Monthly Payments
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Subscription payments are made monthly by credit card
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No loans or financing involved
4. Secure Insurance Coverage
You must arrange your own insurance before vehicle delivery.
π Insurance Requirements (All Customers)
Minimum Coverage: Ontario law mandates that all commercial vehicles carry the following minimum insurance coverages:
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$2,000,000 third-party liability
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Collision and comprehensive coverage for the full value of the vehicle
- Accident Benefits: Provides compensation for medical expenses and income replacement, regardless of fault .
- Direct CompensationβProperty Damage (DCPD): Covers damage to your vehicle and its contents when another driver is at fault, provided the accident occurs in Ontario and the other driver is insured .
- Uninsured Automobile Coverage: Protects you if you're involved in an accident with an uninsured or unidentified driver
π For Personal Use:
Options:
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Purchase a new 12-month personal auto policy using the VIN
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OR add the VIN to your existing personal policy
Ensure your insurer includes:
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$2M liability
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Collision & comprehensive
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Roam as Additional Interest (recommended)
π’ For Business Use (Commercial Insurance):
Speak with your commercial insurance broker. Provide:
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The VIN
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The fact that the vehicle is on a 6 or 12-month 'microlease'
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The vehicle is not owned or financed
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Consider adding the vehicle as a Hired Auto, since the business does not own it but is leasing it for operational use
Required Documentation:
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Proof of $2M liability coverage
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Collision and comprehensive coverage
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VIN listed on the policy
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Roam added as Additional Named Insured or Additional Interest
β Add Roam as Additional Interest
Legal Name:
CURBO INC. o/a ROAM
Address:
18 KING ST. EAST, UNIT 1400
TORONTO, ON M5C 1C4
β Insurance Checklist
Requirement | Personal Use | Business Use |
---|---|---|
$2M Liability | β Required | β Required |
Collision & Comprehensive | β Required | β Required |
Add Roam as Additional Interest | Recommended | β Required |
Submit Proof to Roam | β Before delivery | β Before delivery |
π Final Step: Delivery or Pickup
Once all documents are reviewed and approved:
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Roam will coordinate your vehicle handoff
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Youβre ready to drive β with no long-term debt or ownership hassle
π© Questions?
Need help with insurance, registration, or selecting a vehicle?
π§ Reach us at support@roamauto.ca or contact your Roam representative.