Experience CarYaan - Lease Plan
Lease any New Car anywhere in India for 2 to 5 years at Zero Down payment.
The monthly lease rental is fully Tax Deductible (up to 33% saving) from Income Tax, and you may be eligible to get GST ITC benefit (up to 27%). Additionally, car lease is off-balance sheet, so it does not impact your other loan taking ability.
Insurance & maintenance are all covered in your monthly payment. So, no worries about extra costs of tyres, battery, engine oil, insurance, replacement car, damage repair, etc. Just one monthly payment to cover it all.
At the end of lease term, you have the option to buy the car, either at market value or at pre-determined fixed value. Your choice!
*Car Management Services include full suite of car maintenance, repair, tyres replacement, replacement car, etc. throughout the duration of the lease. These services are optional but recommended for no-hassle car ownership.
1. Cars are available for lease across India.
2. All New Cars are available for leasing across price range and all brands.
3. We lease only new cars fresh out of the oven.
WHY CAR LEASE COSTS LESS?
In car lease, you own the car for a fixed period and the estimated residual value (at end of lease term) is discounted. Thus you pay only on the balance depreciation, that is the full purchase amount minus the residual value. When you buy car on loan, you pay EMI on the full amount, and hence pay a much higher EMI.
Plus car lease rental is fully tax deductible, and unlike car loan, it does not impact your balance sheet.
Car lease/subscription is not only cheaper & better for business cash flows, it is also hassle-free as insurance, maintenance, spare-part replacement, regular servicing are all included.
Let us know the car that you are looking for, and we will quote you our price and explain it in detail.
BENEFITS OF LEASE PLAN
ZERO DOWN PAYMENT
The price of the car, road tax, any add-ons, insurance, etc. all are included.
Car lease payments are fully Tax Deductible.
That's up to 33% tax saving. Yay!
Additionally, you may get GST ITC benefit based on business type & car usage.
That's up to 27% more savings. More Yay!
When the lease ends, you can choose to keep your car by paying the Residual Value and own it, or you can choose to just return it and maybe get a new lease.
When the lease starts, you can choose the Residual Value to be either the market value (at lease end time) or a pre-determined fixed value.
It's your choice.
Comprehensive Zero Depreciation insurance comes standard with all our leased cars.
MAINTENANCE & TYRES
Regular maintenance and repair is full covered with free pick-up & drop, a replacement car and 24X7 breakdown assistance.
Not just that, replacement of outlived or damaged tyres is also included.
Frequently Asked Questions
(FAQs) about Car Leasing
How to apply for car lease?
Just fill the form with basic details, and we will provide pricing & all other details.
Is it primarily for fleet operators & business use?
Not at all, this is for everyone. Most of our customers are actually self-employed individuals who lease the car on business/professional name & use, and get great tax benefits.
What are my options when the car lease ends?
The choices are to return the car or buy the car by paying the residual value. Some customers prefer to return their used car and start lease on a new car after the lease ends, while others buy the car, sell it in the market for a profit, and then take another lease.
Is car maintenance covered?
Yes, the car can be fully managed & maintained for you. While this is an optional service, it is highly recommended. Our customers love it for a great, smooth, King-like experience.
Do I owe anything at the end of lease?
You don't owe anything unless:
- you want to keep your car after lease ends. If so, you must pay the residual value.
- car has undergone wear & tear that is neither normally expected from fair use nor covered by insurance. If so, there would be repair charges to be paid. This is in case you have do not take the maintenance cover. If the maintenance & repair is included in your lease monthly rental, then you don't have to pay anything extra. Please read the lease agreement carefully, and ask the staff any questions when you take the lease.
- in case you choose fixed residual value, the maintenance cover (if opted for) shall be billed on actuals. This will be explained in the price quotation email, or just contact us.
Please do read the lease contract carefully, and do ask any questions.
What do I do if I have an accident?
Plus inform us as soon as possible by calling our call center. Our customers get access to our 24x7 central helpline. We will immediately take care of the repairing, and all the costs are covered in-line with the lease agreement.
How much can I drive?
Our default pricing is for 18,000 per year (1,500 per month), which means that you can drive up to 18,000 KMs per year for the duration of your lease/subscription. For instance, during a lease period of 5 years, you can drive 90,000 KMs without any extra charges.
While 18,000 KMs per year is the industry standard, if you think that you may drive more or less than that, just let us know, and we will change the prices accordingly.
More than what has been agreed upon is chargeable as extra, and it will be disclosed to you in the price quotation.