With every passing year, subscription-based cars and car leasing is becoming more and more popular and viable in India. Factors like availability of attractive car leasing options in India along with the de-stigmatization of car usership in comparison to ownership has contributed significantly to this upward trend. The confluence of the needs of the modern Indian youth and the flexibility that car leasing offers seems to bode well. So let’s nosedive into the most important 5 aspects you must take into account before you finally sign up for that leasing agreement!
- Thorough Self-Assessment of your needs: Before going into the nitty gritty of the best car leasing options in India, the most crucial thing is to do a thorough self-assessment so as to zero in on your specific needs that you are expecting to meet with the leased car. From your daily (or annual) driving kilometers to the mileage and fuel economy, you must have a rough estimate of these so as to increase your chances of getting a great leasing deal for yourself. Only after figuring this out can you move to the next steps.
- Shortlisting the best leasing companies: Spending some time by either researching it yourself or reaching out to your car enthusiast colleagues can save you a lot of trouble later when it comes to finalizing a trustworthy car dealership. With more and more car leasing dealerships propping up in every nook and cranny, it’s critical to do due diligence to save yourself from scamsters. A good leasing dealership through its OEM and distribution networks will provide you the best experience at reasonable and justified rates.
- Comparing offerings and add-ons: Different dealerships will be offering you mostly the same propositions but the slight variation in the costing, features and add-ons is where you can leverage out the most value for your money. Taking from the 2nd point, a dealership may be better or you in terms of the services and features you want while others may be less flexible. Taking quotes from different dealerships and carefully analyzing their offers would help you make the best possible choice.
- Taking into account Depreciating value: In almost all leasing agreements, the onus of bearing the depreciating cost comes onto the lessee and this can become a deal breaker if not considered thoroughly before finalizing everything. This aspect governs the kind of car you should be leasing out in terms of its ratings and its potential to keep its value throughout the tenure of your leasing agreement. It can also come in handy and fetch you a great deal if you later want to buy the car at the end of your contract.
- Considering the residual value of the car: The depreciating cost leads us to consider the residual value of the car you’d want to lease. In simple terms, residual value is the worth of the vehicle at the end of your lease. Higher residual value to the principal cost means a lesser depreciation value which means lesser financial burden on you. Doing due research, visiting many dealerships and getting a real-world estimate of the residual value can benefit you in more than one way.
When it comes to the best car leasing options in India, there’s one name that stands out when it comes to consumer trust and satisfaction – Avis Lease. Building upon the global reputation that Avis enjoys, Avis Lease has a tremendously successful track record when it comes to happy customers. Through its multifold services and offerings, Avis Lease is certainly the brand to try if you’re seriously considering leasing a car.
