Skip to main content

Car leasing 101: an easy guide to lease a car with ALD Automotive.

 

Ever since the arrival of car leasing services, it has pulled people easily. Mainly due to the attractive benefits it offers. With the majority of the public choosing car leasing over buying a car, the idea of personal vehicles is becoming outdated. Low monthly lease rentals, zero burden of commitment and all the benefits of using a car is made possible without buying a car using car leasing services. The rising demand for it shows us it is the best way to sort out your commute worries.

If you haven't yet started your lease plan or if you are planning to upgrade your lease, ALD Automotive is providing you with a step by step guide to car leasing in this article. Use these points to get the best deal.

 

Look over your company policy and eligibility: The beginning of the car leasing process starts with your company's car leasing policy. Most companies now are including a company car on lease to their employees' benefits package. Based on seniority and various other factors like whether you're a field employee, salary etc, you'll be eligible to lease a particular range of cars according to your company's car leasing policy.

 

You can never go wrong with research: After you have gone through your company's lease policy and figured out the cars you are eligible to lease, you should look into different car models available in the market. You can go over them and narrow down the cars that seem to fit your needs. You don't have to do extensive research because a whole lot of information on cars is available on the internet. You can compare the latest models on tech specs, power, fuel type to get a clear idea of which car is the best for you. You can check customer reviews and critic reviews to see what experienced users think about each model. Once you have figured out which car model suits you the best and are ready to lease, it is time to get a quote!


ALD Quote - let's discuss numbers: The ALD Quote app can help you compare the quotes for the models you have selected. The person you need to contact to receive company-specific access to the ALD Quote app is the ALD key account manager assigned to your company. You can choose your car policy level in ALD Quote and it will show you the cars you are eligible to lease. You will be able to see quotations for various models of cars, across mileage and tenure options. You can also get information about value-added services like maintenance, stand by car, door to door services etc. These will help you choose the services that will be apt for your needs.

 

But before you finalize, there are some things you should go over while getting the quote for your car.


The term of lease agreement: The duration for which the car is leased by you is the term of the lease. The usual duration in car lease contracts is fixed in multiples of 12 months. You can fix the period according to your convenience and future plans. If you're intending to upgrade your car when new models arrive, you can choose a smaller duration. But the monthly lease rental will be lower if you choose a longer tenure.

 

The residual percentage and sale price: The prices for cars vary according to car leasing companies. ALD Automotive has built partnerships with a wide range of auto-manufacturers which helps us to offer you cars at highly competitive prices, almost always better than our competitors.

The other significant number to consider is the residual percentage. The amount of depreciation you are liable to pay will be lower if the residual percentage is higher. If you are interested in these cars with a high residual percentage specifically, our expert advisors are available almost always if you want to seek advice.

 

Car's mileage per year: All car leasing contracts let you drive a fixed number of miles per year. You can calculate the distance you travel on average and you should add a few hundred or even a thousand kilometres to finalize your number. Our advisors will be able to provide you with an estimate of the monthly rental once you have decided on your kilometres. This number will be calculated to suit your budget, location, mileage and duration of lease. You should enquire about the charges applicable if you drive over the fixed mileage so that you can avoid paying extra. Another thing is, you won't have to stress about getting the best deal since the ALD key account manager will always help you find the best.


Pick your ride and sign the contract: It is time to start the paperwork once you have chosen the best car and the best lease plan for you. The tripartite lease contract, between you, your employer and ALD Automotive can be signed and we will then order the specific and personalized car you have chosen. All you have to do is arrange and keep documents like proof of address, identification proof etc. with you before the delivery of the car. You can just relax while your dream car arrives without putting a dent in your wallet.


Experience hassle-free car use: ALD Automotive does not believe in a bumpy car leasing journey. So, once you receive your car, you are all set for a pleasant drive and an overall satisfying vehicle experience. To ensure it, ALD offers our MyALD app to cater to all your after-sale service needs. The MyALD app can be used for a wide range of services. Such as scheduling servicing appointments, insurance-related support, mileage updates, access to documents related to your lease contract etc. under your fingertips. You can contact us through the MyALD app for all your queries. You can also contact us on our toll-free number 1800 209 5253. We are just a call away.

Follow these steps to have a pleasant car leasing experience and enjoy all the benefits of leasing while enjoying your dream car. Enjoy the perks of a 'personal' vehicle without any of its burdens. ALD Automotive offers the finest assistance to select and lease the best car for you considering your needs, budget and desire. 

Labels:

Comments

Post a Comment

Popular posts from this blog

Hidden Costs of Car Leasing in India: What to Watch Out For.

Car leasing has emerged as an enticing option for those seeking a more flexible and budget-friendly way to drive a new vehicle. While the prospect of lower upfront costs and manageable monthly payments is appealing, it's important to be aware of potential hidden costs that can catch lessees off guard. In this blog post, we'll shed light on some of the hidden costs of car leasing in India , helping you navigate the leasing journey with confidence. 1. Excess Mileage Charges Lease agreements typically come with a predetermined mileage allowance, which outlines the maximum distance you can drive the vehicle annually without incurring additional charges. Exceeding this limit can lead to excess mileage charges at the end of the lease term. It's crucial to accurately estimate your annual mileage and choose a mileage allowance that aligns with your driving habits to avoid unexpected costs. 2. Wear and Tear Fees When you return the leased vehicle at the end of the lease term, the ...
Post a Comment
Read more

OPTIMIZING FLEET EFFICIENCY: STRATEGIES FOR EFFECTIVE MAINTENANCE AND FUEL MANAGEMENT

Maximizing fleet efficiency is paramount for all organizations to reduce costs, minimize operational disruptions and decrease the environmental footprint. This can be achieved by implementing effective maintenance and fuel management strategies.  Organizations can significantly improve fuel efficiency and achieve cost reductions by employing various approaches such as technology integration, managerial procedures, and providing training opportunities for drivers. Companies must prioritize the maintenance of their vehicles and the optimization of fuel consumption, as these actions yield financial benefits and significant contributions towards environmental sustainability. In this blog, we will explore different strategies that can be implemented to maximize fleet efficiency by focusing on efficient maintenance practices and effective fuel management. Implementing Preventive Maintenance Programs  One of the fundamental strategies to maximize fleet efficiency is the implementati...
Post a Comment
Read more

Car Leasing Made Simple With ALD Ugo

  The employees’ outlook towards the 9-5 job has changed since the pandemic struck in early 2020. Many private organizations have had to lay off employees due to multiple reasons in these times. While companies from different domains have now started mass hiring again, people across the world are still unsure if they will be retained for long once hired. With all the job insecurity looming around, an employee might essentially not want to choose for a car leasing when she or he joins an organization. Why? Because traditionally, if an employee opts to lease a car upon joining a company, she or he is expected to use this car for an agreed number of years while employed with this organization. Now, if the employee is laid off or tenders a resignation to the current organization, the contract ends abruptly. In this case, the employee is supposed to pay certain charges to the car leasing company as agreed in the lease contract. Today, on one hand an employee might get laid off by an org...
Post a Comment
Read more