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Loan vs Lease Compare
Particulars | Loan | Lease |
---|---|---|
Ex-Showroom Price | ₹ 9,48,508 | included |
On-Road Price | ₹ 9,48,508 | included |
Loan Amount | - | included |
Tenure Months | 60 | 60 |
Down Payment-10% | ₹ 94,850 | 0 |
Monthly EMI | 19,460 | 15,977 |
Insurance Per year | ₹ 33,535 | included |
Total Outflow inc Insurance | 10,55,820 | 9,58,620 |
Opportunity cost on Down Payment(10%) | 3,79,400 | - |
Total Outflow incl Insurance and Opportunity Cost | 14,35,220 | 9,58,620 |
Tax benefit(Lower CTC) on Lease Rental | - | 2,96,213 |
Total Car Ownership Price | 11,39,007 | 9,58,620 |
Monthly Car Ownership Price | 18,983 | 15,977 |
Car Lease - News, Advice & Offer
View allHow to Lease a Car Easily?
Choose Your New Car
Select your car. Check benefits of leasing incl. 0 down payment, tax benefit for corporates, business owners, professionals
Select the Best Leasing Option
Customize & compare lease rentals from the best leasing companies in India. Get car lease eligibility & submit documents online
Get New Car on Lease
Drive a new car every 2 to 5 years to fit your family’s need with latest technology & features with the flexibility to upgrade
Benefits of Car Leasing - India
Zero Down Payment
Zero down payment as compared to up to 20% down payment incase of car loans and all inclusive monthly cost
Tax Benefits
Lease rental are deducted from income lowering the taxable income for business owners, professionals & employees
Lower Monthly Payment
Pay for the depreciation of the car during the lease period which often costs less than the car loan EMI