• Mahindra Car Lease

    Lease a Mahindra Scorpio, Marazzo, or XUV 500 at affordable prices for tenures between 1 year and 4 years. No processing fee is charged, and the car will be delivered to your doorstep. There is no down payment or processing fee involved.

    You can lease a Mahindra car from Revv Open, an Indian car leasing company that offers a wide range of cars of popular brands on lease. Currently, the company offers Mahindra Marazzo, Mahindra Scorpio, and Mahindra XUV500 on lease for different EMIs based on the city you reside in. You can lease a Mahindra car for an amount as low as Rs.24,300 going up to a maximum of Rs.36,800 per month. The lease tenure options range from 1 year to 4 years.

    Features of Mahindra Car Lease

    The highlights of the Mahindra car lease facility offered by Revv Open are beneficial due to the reasons mentioned below:

    • Fast approval of the application: The car lease application process is managed online and is completely paperless. This saves time and makes the application, as well as approval process, quick.
    • Flexibility to alter lease tenure: The lease vendor offers you the flexibility to choose the most convenient lease tenure. You can look at the EMIs fixed for the different lease tenures and decide a tenure that is affordable to you. You can also alter the lease tenure i.e. increase or decrease the lease period. The EMIs will be changed accordingly.
    • Option to buy out the car: If you love driving the Mahindra car that you have taken on lease, you can always take complete ownership of the car. You will have to purchase the car for a pre-determined amount as mentioned by the car leasing vendor. All you have to do is inform Revv Open that you wish to acquire ownership of the car.
    • Cheaper finance method: The most common finance option for cars in India is a car loan. Though car loans have many benefits, leasing a car will turn out much cheaper. The EMIs payable will be much lower since you are only paying for usage and maintenance. For a car loan, on the other hand, you pay the market value of the car on an installment basis.
    • No down payment: An added benefit of car lease over car loan is that you do not have to make a down payment. You only have to make a nominal security deposit if you choose to lease a brand new car.
    • No pre-closure charges: You can pre-close your car lease contract without paying any additional charges.
    • No guarantor requirement: Most finance options such as loans require a guarantor who will repay the loan in case the primary borrower fails to do so. In case of Mahindra car lease by Revv Open, no guarantor is required.
    • No maintenance charges: The car lease company will make sure routine maintenance is carried out and charges are borne too. You will not be required to shell out any money towards car maintenance.
    • Doorstep services: Doorstep services are offered by the company, so you need not bother dropping off the car for regular maintenance. The car will be picked up and delivered back after the maintenance work is done.
    • Mobile app: You can use Revv Open’s mobile application to apply for a car lease as well as raise maintenance requests. The mobile application is convenient to use and makes communication easier.

    Mahindra Car Lease – How it works

    The car lease process with Revv Open is very simple and is described in the steps given below:

    1. Select a Mahindra car model you would like to lease out.
    2. Once you have decided which model to choose, you will have to reserve the car online.
    3. You will then have to pay a fee of Rs.2,000 in case of a used car or an initial security deposit plus the first EMI in case of a new car.
    4. Once the document verification and tele verification is done, the car will be delivered to you on the preferred date. In case of a new car, you will have to wait for 30-45 days for the delivery.
    5. You can use the car for the lease period chosen by you and pay the EMIs for the usage of the car during the period.

    Before you get the car, you will have to purchase a car insurance policy for the Mahindra car. So, while you pay the EMIs, you will also have to pay the insurance premiums.

    Eligibility Criteria for Mahindra Car Leasing

    • The minimum age to apply for a car lease with Revv Open is 21 years and the maximum age is 40 years.
    • Your gross monthly income, including the average monthly income, is required to be more than twice the total EMI plus fees applicable.
    • For the salaried class, the sum of the gross monthly income and average monthly incentive must be more than Rs.40,000.
    • For self-employed individuals, on the other hand, the gross monthly income is required to be more than Rs.60,000.
    • You should be a resident in the city in which you wish to take the car lease.
    • Individuals who live in independent homes and rented homes can apply for the lease. If you live in a rented house, you should have moved into the current residence at least 3 months before.
    • You must be a resident of one of the cities mentioned below:
      • Bengaluru
      • Pune
      • Mysuru
      • Mangalore
      • Tirupati
      • Trivandrum
      • Chandigarh
      • Delhi
      • Hyderabad
      • Jaipur
      • Kolkata
      • Ahmedabad
      • Kochi
      • Vizag
      • Mumbai
      • Vijaywada
      • Surat

    Documents Required

    • KYC documents – Proof of address, PAN, and driving licence
    • Proof of income
    • Bank statement
    • One photograph

    Mahindra Car Lease through BankBazaar.com

    Mahindra car models that you can get on lease through the BankBazaar website are:

    • Mahindra Scorpio
    • Mahindra Marazzo
    • Mahindra XUV 500

    Mahindra Car Lease FAQs

    1. How long does it take to get a Mahindra car lease from Revv Open?
    2. Revv Open provides instant e-approvals. Once you apply for the lease application and you are found to be eligible, the customer care executives will conduct quick verifications and approve the request. Used cars are delivered instantly but new cars take about 30 to 45 days for delivery.

    3. How much do I have to pay as the EMI for a Mahindra car for a 1-year tenure?
    4. The car lease EMI for a Mahindra car depends on the car model and city you reside in. The EMI for Mahindra cars starts at Rs.28,200 and goes up to Rs.36,800.

    5. How much do I have to pay as the EMI for a Mahindra car for a 4-year tenure?
    6. In case of the 4-year tenure, the minimum EMI payable towards the Revv Open car lease is Rs.24,300 and the maximum is Rs.31,700. The Mahindra car rental differs between cities and car models

    7. Where should I return my Mahindra car at the end of the lease tenure?
    8. At the end of the lease tenure, you will have to return the car to the dealership in the same city as the one you originally got it from. You can also choose to buy out the car by paying a predetermined amount.

    9. What should I do if I exceed the mileage limit given to me when I got my Mahindra car on lease?
    10. When you return the car after completion of the lease tenure, the company will check the mileage and levy a penalty.

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