• Maruti Suzuki Car Lease

    You can lease a Maruti Suzuki car for an EMI as low as Rs.10,600 through BankBazaar. There is no need to make a down payment. You can get a new or used car from Revv Open at zero processing fee.

    Revv Open offers car leasing options for Maruti Suzuki cars in India. The lease rental range varies between Rs.10,600 and Rs.29,100 per month, if the car is leased through BankBazaar.com. There are no processing fees involved in the leasing process. The lease tenure can range from 1 year to 4 years. Some of the popular Maruti cars that can be leased from Revv Open are Alto 800, Swift Dzire, and Vitara Brezza.

    Features of Maruti Suzuki Car Lease

    The key highlights of leasing a Maruti Suzuki car from Revv Open are as follows:

    • Zero down payment – You do not need to make any down payment to get the vehicle on lease. You can utilise these funds for your own needs.
    • Good balance sheet – You can improve your creditworthiness and maintain a good balance sheet by leasing a car.
    • Extra savings – You just have to pay for what you use. It works out much cheaper than taking a car loan for the purchase of a new car.
    • Fixed rental cost – You will be required to pay a fixed lease amount that is calculated based on the car model and the usage of the vehicle.
    • Flexibility – The customer can keep the car for as long as it is needed. He/she can alter the lease tenure anytime. It should be noted that the lease rental will change based on the increase or decrease in tenure.
    • Option to buy out the vehicle – The customer can choose to buy out the vehicle for a pre-determined amount anytime during the lease tenure.
    • Zero preclosure fee – There is an added advantage of leasing a Maruti Suzuki car through BankBazaar.com. The customer is not expected to pay any preclosure fees.
    • Quick response/approval – The response time after application for a car lease is usually 1 hour. The approval process is also completely online and paperless.
    • Sharia-compliant – The process is in alignment with the Sharia laws in the country.
    • Maintenance costs – Routine maintenance of the vehicle is included in the contract for the entire leasing tenure. This helps the customer save a good amount of money on a monthly basis.
    • No guarantor needed – There is no need to present a guarantor when taking a Maruti car on lease from Revv Open.
    • Ample variants – The company offers several variants of Maruti Suzuki cars for lease. The customer benefits from the fact that he/she receives a brand-new vehicle in a variant and colour he/she prefers.

    It should be noted that the aforementioned benefits cannot be availed when an individual chooses to purchase a car through a car financing option.

    Maruti Suzuki Car Lease - How It Works

    Revv Open offers easy and pocket-friendly car leasing options. The steps involved in the leasing process are as mentioned below:

    1. Customer Enquiry – You can record an enquiry on the BankBazaar.com website and the executives from the company will provide you an explanation of the benefits and the process involved.
    2. Collection of Documents – There is a basic set of documents that all applicants should submit while applying for car leasing. Once you submit these documents, the leasing company will review the same.
    3. Credit Appraisal – The credit is approved on the basis of the documents submitted.
    4. Telephone Verification Call – The customer will receive a verification call from the leasing company.
    5. Signing of Agreement – The customer places an order for the car and signs the lease agreement.
    6. Delivery of the Car – The leased car will be delivered to the customer.

    The car is then used as per the terms and conditions laid out in the lease agreement. At the end of the lease tenure, it is returned to the lessor.

    Eligibility Criteria for Maruti Suzuki Car Leasing

    The eligibility conditions that should be met in order to lease a Maruti Suzuki car from Revv Open are as follows:

    • The customer should be a resident of Bengaluru, Delhi, Hyderabad, Mumbai, Pune, Chandigarh, Jaipur, Vizag, Mysuru, Ahmedabad, Mangalore, Kochi, Kolkata, Surat, Tirupati, Vijayawada, or Trivandrum
    • The age of the applicant should be between 21 and 40 years.
    • Salaried and self-employed individuals can apply for Maruti Suzuki car lease.
      • If the customer is salaried, he/she should have a gross monthly income (including average monthly incentive) greater than Rs.40,000.
      • If the customer is self-employed, he/she should have a gross monthly income greater than Rs.60,000.
    • If the customer has moved to the current residence or has rented a new house recently, he/she can apply for a car lease only after staying there for more than 3 months.
    • The gross monthly income (including the average monthly incentive) of the customer should be greater than 2 times the total ongoing EMIs and fees he/she is paying.
    • The customer should have a valid driving license.
    • The customer is expected to buy an annual insurance policy before taking the car on lease. This is a mandatory requirement.

    Documents Required

    The documents needed to get a Maruti car on lease from Revv Open are as follows:

    • For KYC – PAN card, address proof, and driving license
    • Income proof
    • Bank statements
    • One photograph of the applicant

    Maruti Suzuki Car Lease through BankBazaar.com

    The cars from Maruti Suzuki that can be leased through the BankBazaar.com website are as follows:

    • Alto 800
    • Alto K10
    • Baleno
    • Celerio
    • Ciaz
    • Ertiga
    • Swift
    • Swift Dzire
    • Vitara Brezza
    • Wagon R

    Maruti Car Lease FAQs

    1. Apart from the lease rental, will the customer be expected to pay any additional charges?

      As per the Revv Open contract, the monthly lease rental will include the maintenance charges. In addition to this, the customer is expected to pay the insurance charges on a monthly basis.

    2. What happens if I drive the leased Maruti Suzuki car more than the kilometers agreed upon in the contract?

      You will be charged extra for this, as per the terms and conditions in your lease agreement. This excess kilometer charge will have to be paid to the leasing company at the end of the tenure.

    3. Where do I surrender the vehicle at the end of the lease tenure?

      The car will have to be returned to the lessor in the same city where it was taken for lease.

    4. What is the price of leasing a Maruti Alto 800 for 1 year?

      If you book a Maruti Alto 800 for a 12-month lease through BankBazaar, you will have to pay between Rs.10,600 and Rs.11,600 per month. In case you prefer a 48-month lease tenure, the cost will be much lower, i.e., Rs.9,100 to Rs.10,100 per month.

    5. What is the price of leasing a Maruti Suzuki Swift for 48 months?

      If you book a Maruti Suzuki Swift for lease through BankBazaar, you will have to pay between Rs.18,000 and Rs.19,300 for 12 months. For a 48-month lease tenure, the cost will be between Rs.14,100 and Rs.15,400 per month.

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