Corporate Car Lease

Posted by sanchit sawant on August 26th, 2019

The biggest advantage of leasing a car is that you don’t actually need to buy it but you can drive it around as if it was your own car. You only pay monthly instalments which include cost of the vehicle, cost of maintenance and other associated expenses but does not involve any down payment. Finance leases and operating leases are the two leasing models to choose from. According to the operating lease model, you are required either to return the car to the leasing company or buy it at the then market value at the end of your tenure. This model is generally followed by a corporate car lease. However, if you choose the finance lease model, the ownership of the car will be transferred to your name at the end of tenure. There are a few things to be kept in mind when you choose one out of the best corporate car leasing companies in India.

1. It is necessary to look out for the feedbacks of the previous clients in order to determine the reputation of the car leasing company. You should only invest in a reliable company to derive maximum value for money

2. It is always advisable to invest in companies that are licensed to operate from relevant authorities as it is a risky venture to deal with companies that are not properly certified.

3. You should check out the number of years the company has been in the industry of business vehicle leasing to find out whether it has enough experience. Brokers should be avoided as they may fall silent after taking customer deposits.

4. It is better to rent a car from a dependable car leasing company that is transparent about payment plans. Conversely, there are some companies that will charge you very less initially but later make up for the fewer price by adding lots in terms of extra cost.

Owned by Société Générale , ALD Automotive is a fleet managing and car leasing company. With a global ranking of 3 and European ranking of 1, this French company is present in 43 countries worldwide. It provides innovative tools to fleet managers and drivers to attain client satisfaction. The company started leasing out e-bikes in Netherlands in 2015.