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Leasing

Lease: Car Leasing 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 Car 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 car leasing companies for the usage of the car for a 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 car leasing company.
Lease Tenure: The period for the vehicle is contracted for lease.

Why Ascott-Trans?

Minimise your Business
Risk

One Provider, Maximum Employee Benefits

Unrivalled Customer Service

Innovative Solutions

Product Offerings

20 Years of Leasing Experience In India!

Full Service Lease

Leasing Solution can be used to fund the vehicle finance costs as well as the costs like, registration, maintenance, accidental repair costs, insurance and more. Under this service customer’s monthly lease rental includes:

  • Periodic and Breakdown Servicing
  • Accidental Repair Costs
  • Replacement Car
  • Tyre and Battery Cost
  • Pick up and Drop Facility
  • Towing and Road Side assistance
  • 24-hour helpline service

At the end of the lease term, the user has an option to extend the Lease or surrender the vehicle and opt for a new car.

Used Car Sale and Lease

Ascott-Trans has a fleet of lease returned vehicles which are in very good condition and available for sale or under a lease option. The lease period and program can be customised to the need of the user.

Finance Lease

Customers availing finance lease are assured of a buy back at the end of lease period. Most of the sale happens at a nominal value ranging 1% - 10%. The lessee has an option to add other features to the lease, which can include:
  • Insurance
  • Insurance disallowance
  • Maintenance
  • Accidental Cover

Benefits of Finance Lease

EMPLOYEE

  • Off Balance Sheet Funding – frees up capital for better leverage
  • Fleet procurement and management is outsourced
  • Helps in offering tax efficient compensation to attract and retain talent
  • Predictable Expenses helps in planning fleet budget

 

  • Tax savings achieved as lease rentals are deducted pre-tax from CTC
  • No equity or margin money required thus saving opportunity costs
  • Ease of upgrade helps in adding lifestyle value
  • Avail benefits of best procurement pricing through Ascott Trans.

Operating Lease

Operating Lease allows clients to acquire vehicles on relatively a short-term basis instead of a commitment for its useful life. Customer can subscribe to the following operating lease schemes:
  • Long Term Lease – Clients can choose from lease periods of 2 to 5 years to cater to their operational requirements.
  • Short Term Lease – These are lease periods ranging from 3 months to 2 years. A short lease becomes a good option to tide over your short term needs of a vehicle and you can avoid investments in a brand new car.

Benefits of Operating Lease

EMPLOYEE

  • Off Balance Sheet Funding – frees up capital for better leverage
  • Fleet procurement and management is outsourced
  • Helps in offering tax efficient compensation to attract and retain talent
  • Predictable Expenses helps in planning fleet budget
  • Covers against all risk on management and residual value realisation

 

  • Tax savings achieved as lease rentals are deducted pre-tax from CTC
  • No equity or margin money required thus saving opportunity costs
  • Ease of upgrade helps in adding lifestyle value
  • Avail benefits of best procurement pricing through Ascott Trans
  • Covers all services and management of the vehicle