Five Myths About Leasing a Car

 

Gone are the days when commute was limited to public transport. Many organizations provide corporate commute for their employees so that they travel less, and can be present at the right time on the campus. Organizations are now in rigours thinking of the optimization of mobility to bring their business in the fast lane. Opting for car fleet management services over purchasing the cars outright is one step towards this optimization. In a non-traditional market like India, the trend of taking corporate cars on lease is gearing up. But still, some are hesitating due to some myths around the concept. Here are 5 daunting myths about leasing a car that may deter them from availing themselves of the service:

Myth #1- Leasing is Costlier Affair than Buying

It is a common misconception that leasing corporate cars becomes costlier than purchasing the cars. But it’s not true at all. In most cases, leasing cars saves a significant amount that can be spentonthe purchase cost of cars. As monthly rentals for leased cars are running cost, it can be claimed under tax benefits. Contrary, buying cars will record the amount as a fixed cost. Also, leased cars are brand-new cars and they come with the manufacturer’s warranty. So, it is less likely that anything goes wrong with the cars. If anything goes above this, your pocket is saved according to the leased agreement.

ALD Automotive is a leading name in the corporate car lease India business that allows you to select the cars based on your monthly budget. This is the significant benefit of leasing which is still missing in the buying process. Also, you need not bear the depreciation value of cars over time as you don’t own the car.

Myth #2- YouNeed to Bear Unreasonable Fines at the time of Return

Wait, if you are still trusting this myth, then read out the further few words. If you are the first comer, then you may feel the return process of leased cars nerve-cracking. You may think of the cost need to bear for a few extra miles or negligible damage. Crackdown all your worries.

ALD Automotive follows a standardized process while leasing cars. A process-driven inspection will evaluate the aspects at the time of return. No glaringly obvious damage and count on your agreed mileage limit will not much affect your final monthly rental cost.

Myth #3- Overhead for Company in Case of Early Termination of Contract

If this is one of the reasons behind your hesitation to hire car fleet management services, then ALD Automotive has the perfect solution for you. The leading name in the industry offers you an alternative as ALD Ugo. This enables registration of the car in the name of the employee. This will help the employees to continue with their contracts on individual basis. Even if they change the job, they can continue the contract through their new employer. So, even if the employee terminates the contract, the organization will not suffer from the leasing overhead.

Also, ALD Automotive identifies the nerves of Indian customers very well. If situations go worse and if a customer is unable to pay the remaining balance on your lease car in one go, then the company adopts professional approach, provided you have sent notices to the company about your disability to pay the balance. To solve this tedious situation, executives can come up with a manageable monthly payment plan that can reduce your burden.

Myth #4- You Need to Pay Hidden Fees you will not be Told About

You must have heard the horror stories about how corporate car lease India services make their business. They first lure customers with attractive monthly plans and ended up with overrated costs at the time of agreement signing. But ALD Automotive breaks this conception with its sophisticated approach. You will pay for what you see. The price break-up and other details are clearly shown in the rental agreement and no costs are hidden.

Another rumour is that car fleet management services charge higher charges for leased cars on account of maintenance, relief car, insurance, and other services. Here also ALD Automotive stands out! A healthy relationship with insurance firms, maintenance workshops, and specialized service engineers gives us quote accurate price. As this service charge is fixed, you will not face any shocks throughout the year when you choose ALD Automotive as your fleet lease partner.

Myth #5- You Need to bear the Liability because of Traffic Violation by the Employee

Not true at all when you are choosing ALD Automotive as your fleet management service. The company provides a three-partite lease agreement, ALD Ugo, that will protect your company from any liabilities that may happen due to traffic violation by your employee. As registration of the car is in the name of the employee, liabilities are transferred to the concerned individual. Here note thatthe employer company is still liable to pay the monthly rental till the last date of the agreement.

We, at ALD Automotive ensure a smooth experience with our clients. The global presence uplifts our standards and makes sure that all your mobility requirements are fulfilled with excellence. Now you are aware of the top 5 myths about leasing a car, optimize your corporate mobility with competence and confidence. ALD Automotive caters to all your car needs with domain experts!

Visit our website: https://www.aldautomotive.in/