Top car leasing companies in india

Some of the other companies that offer leasing services include BNP Paribas-owned Arval India Pvt. Lt ORIX Auto Infrastructure Services Ltd and Avis India. We offer a unique facility to transfer your company car lease to your individual capacity in case of separation from your employer. This facility enables you to save cash by not opting for the foreclosure option and give you the flexibility to continue the lease in your individual name for the balance period. STAR Lease has been designed to ensure that applying for finance is carried out on your terms.

Simply choose your desired vehicle, the repayment period and your anticipated contract kilometer limit and drive home a Mercedes-Benz.India, with an active fleet of more than 10cars leased to more than 4corporate employees. LeasePlan has a strong presence across India with offices in Delhi/NCR, Mumbai, Pune, Bangalore, Chennai, Hyderaba Ahmedaba and Kolkata that service more than 2cities.

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The size of car leasing market in India is small at around 30units per year. The segment is growing at a CAGR of 15-20% and will become big market in the country by 2020. There is huge potential for the car leasing industry to grow as more and more corporate are moving towards operating lease, as it is an off balance sheet exposure for the corporate houses, lesser initial cash outflow for them and a greater flexibility to frequently replace an old car with a new model. Best thing is that employee needs not to pay any down payment. Employee simply starts paying lease amount on monthly basis.

Operating Lease by some car companies) is a flexible solution whereby the vehicle is leased to an individual for his chosen period and or mileage, with the option of including insurance, registration and maintenance in the monthly rental. The ownership of the car remains with the company and so also the liability.