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 organization or on the other an employee might want to resign
from Company A for a better opportunity with Company B. The traditional car
leasing option therefore might seem the last option for most employees who are
eligible for car leasing. To make things easier for both employees and employers,
ALD
Automotive has come up with a revolutionary idea called ALD Ugo.
What
is ALD Ugo?
What if an employee who has resigned from
Company A gets an option to take her or his leased car along to Company B
without any hassles? ALD Ugo comes into play here and provides this
flexibility to the employees! Thanks to this innovative idea in car leasing,
employees need not discontinue using their leased cars in the process of
switching jobs.
Employees would otherwise have mostly opted
to buy a car for tax savings but that meant huge expenses in the long run. ALD
Ugo is a three-way contract between the car leasing company, the employer and
the employee wherein the employee has a plethora of options in vehicles to
lease a brand-new car at attractive rentals.
Here is why employees should consider
opting for ALD Ugo: Employees who are eligible for car lease generally fall under
a high tax bracket income. When you opt to lease a car, the monthly lease
rentals get deducted from your pre-tax income and is paid off by your employer.
As a result, the net amount you get as a salary is now subjected to lower tax
payable. ALD Ugo cars’ maintenance and insurance is completely handled by us.
Therefore neither the employer nor the employee need to expend time and energy
for anything in the event of a car breakdown or accident.
ALD Ugo lease contracts are transferable which
means if the employee wants to quit the current job and move to another
organization the contract can be transferred from Organization A to
Organization B. This transfer is however cleared subject to the employee clearing
all the current dues to the car leasing company, if any. With ALD Ugo at your
disposal, you can avail the following benefits in the long run:
Employees do not have to pay any down
payments for your car. Only the monthly rentals are deducted from your pre-tax
salary. Employees can easily upgrade your vehicle every 3 to 5 years at
attractive lease rentals. Employees can use the My ALD app for a variety of purposes from
booking maintenance, claiming accident insurance to even tracking the lease
insurance. Employees can avail free roadside assistance with ALD Ugo cars from
more than 750 locations across India.
How
to avail the ALD Ugo option?
Firstly, you need to check your eligibility
for car leasing upon joining any organization – be it a startup or a
large-scale industry. You can then contact a relationship manager at ALD to
find out the various car leasing options and consider the options suitable for
you as per the nature of your job role. Alternatively, you can check for this
information on the My ALD app. Once you have a better understanding of your
current tenure with the company as well as the approximate mileage
requirements, choosing from the car lease options get much easier. Upon zeroing
on the ALD Ugo option, you simply sign the contract and ALD will ensure to have
a car delivered to you in no time.
Thus, ALD Ugo is entirely revolutionizing
the car leasing concept in India with an aim to attract more organizations to
opt for leased cars for business. This truly saves the companies from spending
unnecessarily on cars for certain executive levels. Employees on the other
hand, who are eligible for leased cars across all levels in any organization
can now enjoy the benefits of car leasing irrespective of them working long
term or short term with any company.
With more and more employees fearing losing
jobs or opting for better jobs in a better organization, traditional car
leasing options did not lure many people, considering the charges they might
have to bear upon ending the contract abruptly. ALD Automotive therefore came
up with a brand revolutionary idea called ALD Ugo thus making car leasing a
hassle-free and even more affordable and flexible process. With ALD Ugo,
employees can now have their car lease contract transferred to the new
organization they join as this is a three-way contract between the employer,
employee and the car leasing company. In this type of car lease, the employee
does not have to bear any extra charges during the transfer. All that an
employee needs to ensure is that all the credit checks are cleared before
applying for the car lease transfer.
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