Increasing trend of car leasing in India

Car is a depreciating consumer item. The value of a car gets depreciated over a time. Therefore, it is a wise idea to spend the least money on it. Many people prefer leasing a car than buying one. Car lease in India is showing an increasing trend.  According to statistics, around 20% people in India prefer to lease a vehicle. Leasing becomes a sensible choice because of one more fact. There are tax considerations for leasing cars and those who are eligible for it may avail the benefit. 

Leasing is just like long-term rental and people have a choice of changing the car every three years without bothering about the resell value or depreciation cost. However, one must be aware about the hidden costs while leasing in India. Car leasing options should be checked thoroughly before signing the papers. Check the insurance status and go through terms and conditions about the coverage. Cost calculators help in calculating final cost for different proposals.

Always look at the lifestyle and daily routine before making the decision. It is a fact that you have a chance to change the car every three years. At the same time, you should remember that there is mileage restriction on company car lease. If you need to travel long distances frequently, then very likely you will be crossing the maximum mileage limit. However, leasing a car is a lucrative option for those who want to change the car frequently.

Visit www.aldautomotive.in to lease your car today!