Hey everyone! I am keen on buying a new car however I don't want to own it, specifically, I want it either on a lease or on EMI. I don't know whether those two are the same or not because on one you can get some tax reductions (which will help me a lot!). I am looking at buying either a 3series or 5series BMW or a Q3/Q5 Audi or Volkswagen Passat/Tiguan. Kindly help me to figure out how to buy a car without paying the entire amount all at once.
For salaried individuals, no tax benefits are available if you have taken a car loan. Deductions from payable tax can be availed only if you are self-employed or a businessman, and you declare the profit or capital gains earned from your work or business, or if you purchase a vehicle for business use.
To get the car on lease, you need to co-ordinate with the respective brands you wish to buy.The lease will have to be taken in the name of your company. Though there is no down payment or security deposit, you do have to submit a few documents. Since you will be getting the lease in your company's name, you will have to submit documents such as financial statements, electricity bills (as proof of address). Lease plan allows you get the mobility without the hassle of owning and managing it. At the end of the tenure, simply return the car and take a new one. All this, for just a fixed monthly payout.
Secondly, if you wish to purchase the car on loan, you have to pay the initial down payment i.e 20-25% of the ex-showroom price approximately and rest of the amount is financed and converted into EMI's.
You may call us on our toll free number 1800-200-3000 (Mon to Sat from 10AM-7PM). Our team will be glad to assist you.
Please click here to find the dealers of different brands by selecting the city and brand name.
Well, the difference you will find will be of the taxes that are not payable while you are purchasing the car from CSD. To take a confirmation on the price at CSD, you need to get in touch with any of the nearest dealership who can help you in purchasing a car through CSD.
Please click here to check the dealerships available in your city. Please select the city from the drop down list.
If we understand you correctly, you are looking for Toyota Etios (Sedan which has been launched as Platinum Etios). If yes, then we are afraid that there is no automatic version available in this car. Please click here to check the available models.
Hi! I am too much confused for which car should i buy TATA HEXA or XUV 500 for a long time. TATA HEXA is a new launched a very grand look car and XUV also looks good but i want to buy a car which would not create a problem after some time i use it because earlier the TATA's engine was not so successful, so now either the brand has improved the quality and reliability or the thing are same. I have taken the test drive for those both vehicles and both are really impressive it creates much confusio
We understand your confusion, the cars that you have selected are great and it is indeed hard to choose one out of them. Both SUV's are robust. However, Hexa has higher value for money quotient. We would suggest you choose Hexa here. For better clarity, do have a look at our shootout, Click here to check it out.
As I understand, you wish to know whether you will be able to purchase Eeco if you pay down payment of about INR 1,50,000. Yes you can purchase a Maruti Eeco by paying this much amount. However, it is also subjective, since the amount of the loan would depend on your profile. You can click here or reach out to us on our toll free number 1800-200-3000 (Mon to Fri 10AM to 7PM) for further details.
It will help us serve you better content and best deals