The rented vehicle will be accessible for course of up to five years depending on the city and model preferred. Auto maker Mahindra & Mahindra Wednesday released a brand new vehicle possession scheme that grants consumers to lease vehicles for a period of up to five years. “Our leasing idea is a classification building product offering, which desires at carrying in a new class of customers, including professionals and small businessmen, among others. Going forward, I am confident that leasing will gain more currency and the penetration levels will move in line with global trends,” said VS Parthasarathy, group chief financial officer and chief information officer, Mahindra & Mahindra.
Mahindra’s lease offering can be presently availed in Pune, Ahmedabad, Bangalore, Hyderabad, Mumbai and New Delhi in the first phase of launch. The lease offering will be elongated to 19 more cities across India in its next phase. The rented vehicles will be accessible at an opening price of Rs 13,499 per month for a KUV 100 NXT and going up to Rs 32,999 per month for an XUV 500 accompanied with Orix and ALD Automotive for this contribution. For a petrol variant the cost of an XUV500 starts at Rs 15 lakh while for a diesel variant is Rs 12.5 lakh. As India’s No. 1 operational car leasing company, LeasePlan delivers a comprehensive range of corporate car mobility solutions. LeasePlan services include fleet acquisition, insurance, maintenance through the life cycle of the vehicle and accident management.
Benefits from this advanced leasing arrangement include expanding of rapid management, No arresting of capital , Replacement cars provided in major cities 24X7 break-down assistance and a host of other value added aid. Once the lease scheme is over, the person can return the vehicle to the company without the hassle of reselling it, and get a new vehicle, No down payment compulsory, Pre-determined expenditure for the entire lease tenure Service, insurance, accident repairs, etc., taken care of by Lease Plan , No more re-sale risks on the vehicle Coverage for insurance claim shortfalls Pick up &, Drop of vehicles for scheduled maintenance in major cities
“Our Leasing model is a category creating product offering, a ‘no-worry’ experience for customers who prefer convenience over ownership” said V S Parthasarathy, Group CFO & Group CIO, Mahindra & Mahindra Ltd