New District: Hyundai India has announced the launch of a car leasing service, titled ‘Hyundai Leasing’. The service is in association with ALD Automotive India, a leasing and fleet management company. During its first phase, the service will be available across five cities comprising Delhi NCR, Mumbai, Chennai, Hyderabad and Bengaluru.
Leasing a car, instead of actually buying it, saves you the hassles of ownership, car maintenance, repairs, breakdown assistance, and insurance. If leasing a car is also a convenient option for you, do read on.
What is the eligibility criteria for leasing a car?
Hyundai says salaried employee, self-employed professionals and small and medium enterprises (SMEs) can avail the leasing service.
In which cities can you lease the car?
Hyundai Leasing is currently available across Delhi NCR, Mumbai, Chennai, Hyderabad and Bengaluru in the first phase.
What is the minimum tenure of leasing the car?
The leased vehicle will be available for a minimum period of two years going up to five years, depending on the city and model selected, said Hyundai.
How is the lease rental calculated?
Hyundai says the customer doesn’t have to pay the entire value of the car, but just the usage value of it. Hence, the final lease rental depends on the mileage and duration of the leasing contract and the additional services you opt for.
What are the lease rentals?
Mentioned below are the monthly lease rentals of base variants of the car models chosen for a tenure of five years in Delhi. These rentals are inclusive of GST, but insurance and other maintenance service cost are extra.
Santro 1.1 Era (P) – Rs 7,673
Grand i10 1.2 Era (P) – Rs 8,936
Elite i20 1.2 Era (P) – Rs 9,813
Verna 1.4 E(P) – Rs 15,488
Creta 1.4 Diesel E+ – Rs 17,642
Can you choose a particular variant of the car you want to lease?
Hyundai says the customer can choose from any vehicle, variant and colour, as long as it is in line with your eligibility criteria.
What is the process of returning the car at the end of the contract?
When a lease contract expires, the company says that the leased vehicle must be returned to Hyundai Leasing usually at the location where the vehicle was originally collected at the inception of the contract. Hyundai Leasing will inspect the vehicle to ensure that it is returned with all documentation and standard accessories like duplicate key, owner’s manual, warranty book, original RC card and ensure that the vehicle is in a ‘standard condition’ which is defined as a vehicle that has been subjected to normal wear and tear considering it is age and mileage.
Also Read: Tata Sky & Amazon launch special Fire TV Stick
Ms Kalinga