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Having grown up in India with those stories about the most beautiful car have made an impression on me, and I believe it must have done the same on most of us. Yesterday I stumbled upon this article which talks about Mercedes available on a lease scheme in India. After reading the story, mind started thinking: what if!!
But after going through the details it seems like a rip-off. Daimler has opened its financial service business in India, and they are offering Mercs on a 50% depreciation cost lease scheme for 3 years. The same lease scheme in a country like US is only for 25-30%.
Read here for more details --
Now, lease a Merc at 50% of price - Times Of India
Here is some quote from the article -
But after going through the details it seems like a rip-off. Daimler has opened its financial service business in India, and they are offering Mercs on a 50% depreciation cost lease scheme for 3 years. The same lease scheme in a country like US is only for 25-30%.
Read here for more details --
Now, lease a Merc at 50% of price - Times Of India
Here is some quote from the article -
Explaining the process of individual lease, Sidhartha Nair, MD of of Daimler Financial Services India (DFS), said the facility offers one of the most flexible option to customers. "One does not need to pay the full price of the car. Normally, as per the leasing model, we give the car on lease for a period of three years, working out a residual value upfront. This value, which on an average is 50% of the cost of a new car, is something the customer does not need to pay. All that he pays us is the remainder value of the car, which is nearly half of its cost. We lease the car to him."
Procuring the car at half the cost is not the only attraction. The service and maintenance costs as well as the insurance fee are the company's headache.
If a new Mercedes model costs, say, Rs 30 lakh, DFS will give two options to an individual customer-buy or lease. Either he can get financing for buying the car and register it in his name, or else he can go for a lease model.
Procuring the car at half the cost is not the only attraction. The service and maintenance costs as well as the insurance fee are the company's headache.
If a new Mercedes model costs, say, Rs 30 lakh, DFS will give two options to an individual customer-buy or lease. Either he can get financing for buying the car and register it in his name, or else he can go for a lease model.