As a resident of Bangalore, you can enjoy the services offered by car lease companies if you are looking for a vehicle for everyday commute. Car lease is gradually becoming more popular than car loans as it works out cheaper than paying the full price of the car. What’s more, you can change the car you drive every 2 years, 3 years, or 5 years as per your liking.
You can find several car lease companies in Bangalore that offer cars for lease for a pre-defined period. The vendors offer a wide range of services and generally include the cost of maintenance, insurance, road tax, etc. along with the cost of usage of the car. Most companies require you to pay the installments, towards the lease, on a monthly basis.
ZAP, powered by Zoomcar, offers a wide range of cars for lease. You can opt to drive a car of your choice, available with the company, for a period ranging from 6 months to 36 months. The company will take care of the maintenance, car insurance, and roadside assistance costs. All you have to do is pay a monthly subscription cost. No down payment is required for this service.
You can simply visit their website, choose a car, pick dates, and make the booking. The subscription amount is usually deducted from your account during the first week of the month or as per your date of subscription.
Tranz Lease includes several car models and their variants in its offerings. Once you choose a model, you can also choose the specific variant that you want to go for. Once you have chosen a car, you will also be suggested with other similar cars that you can compare before making the final decision.
The Smart EMI charged for cars varies from model to model and variant to variant. Since the EMI factors in many elements including the resale value of the car, insurance cost, and maintenance costs, two models that have the same ex-showroom price may have different EMIs.
Mahindra & Mahindra allows you to experience ownership of their exclusive range of vehicles for a lease period going up to 5 years. The offer made by the company includes maintenance costs, road tax, motor insurance cost, breakdown assistance, and accidental repairs. The monthly rental amount starts at Rs.13,499 for KUV100NXT and at Rs.32,999 for XUV500. The EMI is fixed and is offered at no down payment or a significantly low down-payment.
The car lease services are offered by Mahindra & Mahindra at 6 cities currently – Bangalore, Pune, New Delhi, Ahmedabad, Mumbai, and Hyderabad. The company plans to launch the facility in 19 other Indian cities.
My new car offers various car services including the car lease service. You can visit their website and get a lease quote for a model of your liking. All you have to do is enter the details of the car so that you can use the lease calculator to calculate the exact lease amount payable on a monthly basis. Then, you will have to fill in your personal details and upload lease documents. You will then be sent a lease quote.
Avis Lease offers three lease schemes – Red Carpet Lease, Premium Lease, and Executive Lease. Each of the offerings has varying features. The company offers quick services, repairs and maintenance, as well as pick up and drop facility in case of service or repairs. The company also offers round-the-clock roadside assistance, insurance cover, field technician aid, tyre service, hyrostatic lock cover, loss retention, and other value-added services. The vehicle acquisition, registration service, and vehicle return facilities are quick and convenient.
Arval offers a wide choice of cars for you to choose from based on your needs. The company offers car leases at competitive prices, making the monthly payments affordable. No upfront costs will be levied, and the complete risk of the car is borne by the company. They promise to tend to all the needs of the car from tyre management to reselling the car at the end of the lease tenure. They provide customer care services 24/7 and provide quick and efficient car lease services. You can lease a car for up to 5 years and benefit from the various online and application tools offered by Arval.
The popular car manufacturer, Maruti Suzuki, also offers car lease services to its customers with no maintenance risk and no down payment. The rental amount payable by you includes cost of the vehicle, road tax, maintenance costs, insurance costs, and cost of accessories for the complete lease tenure. The company offers value-added services such as replacement facility, pick up and drop service, and round-the-clock breakdown assistance. The monthly installment is calculated only for the tenure you opt for the fixed mileage limit. At the end of the lease period, you can easily upgrade to a different car model.
LeasePlan is a platform through which you can procure a vehicle for a fixed period of time. The company will purchase the car and lease out to you while taking care of maintenance, breakdown assistance, insurance, and resale aspects of the vehicle. In return, you will have to pay a fixed amount on a monthly basis. At the end of the lease tenure, you can choose to get another car.
The customer care centre of the company takes care of service bookings, service updates, damage handling, and complaint/query resolution. The company ensures the requests are recorded and tracked until a satisfactory result is provided.
ORIX India has made it easy for you to get a car on short or long-term basis for self-drive. The company boasts of a transparent costing structure, easy processing, round-the-clock road assistance, accident coverage under car insurance, etc. The car offered by the company gives you independence and a cost-effective medium to drive a vehicle. A wide range of hatchbacks, sedans, and luxury sports utility vehicles are available for lease by ORIX India.
Aldo Automotive is yet another car lease company in Bangalore that offers to lease out cars to individuals. You can choose to drive a car by paying monthly installments to the company and upgrade your car every 2 years or 5 years. The company does not charge any up-fee and offers a transparent costing system. They take complete responsibility of the financial risk of the car. Maintenance costs and insurance costs are handled by the company too. Aldo Automobile lets you pay only for usage of the vehicle and not the complete purchase price.
Before you get a car on lease, make sure you do thorough research on the car you’re planning to get as well as the leasing company. Compare the lease rates, lease tenure, and other services offered by companies.
Some of the main advantages of leasing for employees are mentioned below:
Yes, you can terminate the lease agreement. However, the lessee must pay the Outstanding Acquisition Cost that has been agreed in the terms and conditions.
The list of car brands that are allowed are mentioned below:
The maintenance and insurance costs must be paid by the lessee. The insurance cost is included in the monthly payment of the lessee.
Depending on the company, the tenure of the lease period varies. Usually, the tenure ranges between 3 years and 5 years.
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