Car leasing or Operating Lease of cars, also referred to as Fleet management is a very popular mode of car acquisition abroad and is only now finding its right place in India.

Car leasing as a product addresses the needs of - Indian and Multinational Companies, Small and large enterprises where automobiles are a source of carrying out business (eg: courier companies), HNIs (High net worth individuals), Expats and foreigners who want cars for their commuting needs do not wish to fritter scarce resources – Capital, Manpower or Time to purchase and manage non-productive assets, choosing instead to focus their energies on their core businesses.

Leasing companies offer such customers several benefits such as:

- Giving the customer a choice of various Cars with little or minimal upfront investment

- All monthly outflows are expensed out and thus a Lease transaction is far more tax efficient than a typical car purchase

- Taking care of all hassles with regard to owning a car – Registration and RTO related work, Car insurance along with all processing in the event of an accident, periodic Car servicing, and disposal of the car after the lease period. Thus all the customer has to do is use and pay for the car.

- Leasing companies also offer value added services such as providing the customer with a Chauffeur if required (this is especially beneficial to Expats and foreigners in India) and a replacement car in case of non availability of the leased car (eg: in the event of an accident)

- Lastly the biggest benefit of Leasing is that it permits the customer to take a car for a relatively shorter period of 12-18 months or thereabouts (once again ideal for HNIs and Expats) thus permitting them to change cars if required ever so often.

To know more about frequently used terms vis-a-vis Car Leasing - click here

If you wish to take a car on Lease, Please apply by filling out the form below: