Car Leasing Made Easier

Lease your mahindra car with zero down payment

For Enquiry

How It Works

LEASE BENEFITS

Your Next Car EMI could not be better

  • Single EMI inclusive of Insurance & Maintenance
  • Resale value risk protection
  • The best insurance cover with total maintenance contract, claim management & warranty management.
  • No more investing in depreciating assests
  • No more un-budgeted & un-foreseen expenses
  • Upto 30% tax benefit if the lease is through your company / Employer

Terms & Conditions

  • Lease :

    Lease is an alternative way of acquiring any vehicle other than the Traditional model of Bank Loan or Outright purchase.

  • Operating Lease :

    Instead of Paying for the whole cost of the Car and building the asset, Operating Lease brings the viability of paying only for the usage value of the Car, based on pre decided Tenure and Kilometers.

  • Lease Rentals :

    The amount payable by the client to Leasing Company for the usage of car for specified period and contracted mileage. Lease Rentals are inclusive of vehicle cost, Insurance, Maintenance and cost other services opted for. At the end of the lease period the asset is returned back to the leasing company.

  • Lease Tenure :

    The period for the vehicle is contracted for lease.

  • Resale Value :

    The expected resale price of the vehicle at the end of the Lease Tenure. The benefit of this amount is worked out into your rentals and thus the proposition becomes better than a loan EMI.

  • Contracted Mileage :

    Contracted mileage is a pre-agreed mileage at the start of the contract. In case you exceed the agreed mileage, any additional kilometers travelled beyond these limits will be invoiced in accordance with the vehicle lease contracts which will be in addition to the monthly lease rental.

FREQUENTLY ASKED QUESTIONS

1. Whats is a Lease?

A Lease is a right to use an asset for an agreed period of time on payment of rentals. It involves 2 parties, a lessor and a lessee. Lessor is the owner of the asset and lessee is the user of the asset.

2. What is the difference between Car Lease & Car Loan?

Loan Lease
Down Payment
Funding - 100%
Maintenance & Insurance
Ownership
Risk Cover

3. What are the general benefits of Car Leasing?

No Down payment - 100% Finance. Rent covers Finance, Insurance, Maintenance, Accident Repairs & Admin Benefits. Provides an option to upgrade, without hampering budgets. Risk is fully covered. With the influx of new models, cars can be changed faster and without hassle. Pay for usage model. Target customers: Corporates, Self-employed professional, Sole-proprietors, Partnership firms, Private limited & limited firms. The RV is estimated upfront and its benefit is passed on in the lease rentals. Hence, any drop in the market price of the asset, does not affect the lease rentals.

4. How is the lease rental calculated?

The rental calculation involves the amount funded less the sale price expected at the end and includes interest cost and all other cost which is required to run a vehicle like insurance, maintenance, admin cost except fuel and driver charges. The lease rentals is worked out for a particular period and usage.

5. What is included in the Lease Rental over & above the car finance?

Insurance: Insurance Management will done by the Lessor for the entire lease tenure. This will include the repair works and speedy settlement of claims. The Lessee will need to comply with the Insurance Procedures including filing of FIR in case of Theft or 3rd party damage for settlement of claims. These would include procedures like – giving details of the accident, filing of the claim forms, providing documents like driving license, etc. Lessor will also bear the disallowed insurance if the same is covered in the contract. Maintenance & Administration: Pick-up & drop facility will be provided for servicing of vehicles within the Municipal limits of the city. 24x7 breakdown assistance will be provided within the Municipal limits of the city. A replacement vehicle will be provided, if the vehicle is off the road for mechanical repairs beyond 24 hours. Fleet management rates include 1 set of tyre and battery. Accident repairs & claim process.

6. What are the other Benefits of Operating Lease to Company?

Beside a lower EMI outflow the other major benefits of Operating Lease are:- Do not pay for the complete cost of the car as compared to any means of acquiring cars. NO down payment, the valuable capital can be invested in alternative appreciating asset. Companies have a limited borrowing capacity, they do not want their borrowing capacity to be locked in depreciating assets like automobiles, hence Leasing is an excellent way of an off balance sheet financing for companies. All EMI’s under leasing arrangement are booked under expense, making the book lighter. No Risk on Resale Value, protection from fluctuation in the used car market at the end of tenure. Reduction in Financial Risk. Avoid surprises related to maintenance and Insurance disallowances. Comprehensive coverage can be included which covers all maintenance, all accident repairs, tyre and battery changes and breakdown assistance

7. What is the key benefits of Leasing for a practising professional (eg: CA, Doctor in practise)

a) Tax Saving: the rentals can be shown as an expense and tax benefit can be availed b) Convenience: as the product offered is inclusive of all services i.e insurance, maintenance, Insurance disallowance, replacement car, pick up and drop service, road side assistance. Their profession demands them to be mobile; as time is of prime importance. full service lease will ensure mobility and hassle free drive. c) Upgrade: Rentals are lower in operating lease compared to loan thus the user can drive the same variant at lower rental or upgrade to higher variant with the same outflow.

8. What happens at the end of the lease tenure.

At the end of the lease tenure, the vehicle comes back to the leasing vendor, i.e. the Lessor. At the end of the lease tenure, the vehicle can be purchased at the then prevailing market price.

9. What happens if the lease is pre-terminated.

There would be a pre-termination charge that would be applicable. Outstanding book value + penalty on o/s book value + taxes applicable + outstanding rentals (if any till the termination date) – market value of the vehicle.

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ABOUT US

In line with its core philosophy of providing superior customer service to the discerning customers of the brand Mahindra, the Mahindra group has brought to its customers an innovative platform of an online e-marketplace where the net savvy automobile customer can access all the relevant details of the Mahindra range of 4-wheelers, 2-wheelers, automobile accessories as well as the varied range of genuine spare parts available for Mahindra vehicle users.

Featuring the entire range of popular Mahindra vehicles including the iconic range of Mahindra SUV’s and electric cars, the portal is extremely well detailed and designed in a way that provides the portal visitors with maximum information and the great user interface ensures that the visitors are able to find out exactly the information that they want through an easy to use pathway.

In addition to booking the vehicles online with great periodic offers, the customers can also book test drives, look up and buy accessories and genuine spare parts from the comfort of their homes or elsewhere at the same time ensuring that they are getting the original products with the best available prices. With its superior features, M2ALL.com ensures that the portal is a medium to raise the customer experience to an altogether different level, true to the Mahindra’s tagline ‘Rise’.

MAHINDRA BUSINESS Four Wheeler: Mahindra Thar / Mahindra Cars / Mahindra XUV500 / Mahindra TUV300 / Mahindra KUV100 NXT / Mahindra Scorpio / Mahindra e2oPlus