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Showing posts from August, 2023

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 ...