Team-BHP - View Single Post - ARTICLE: Lease OR Loan? Which EMI is better for you

ownerofazkaban · 30th January 2007, 10:30

I have got an offer for company car lease for 3 yrs with 1 % residual value EMI of 3245/- per lac for 36 months.

Is it worth going for it ? there is some 7% vat/tax on EMI, so is it true that i save approx 25% of EMI as TAX ?

swift vxi-abs EMI comes to approx 16.5k for 36 months with 43k residual amount. Is it good taking overall cost into account rather than buying on self loan ?

Also I get to save tax on fuel.

30th January 2007, 10:30	#11 (permalink)
ownerofazkaban BHPian Join Date: Aug 2006 Location: BLR Posts: 145	I have got an offer for company car lease for 3 yrs with 1 % residual value EMI of 3245/- per lac for 36 months. Is it worth going for it ? there is some 7% vat/tax on EMI, so is it true that i save approx 25% of EMI as TAX ? swift vxi-abs EMI comes to approx 16.5k for 36 months with 43k residual amount. Is it good taking overall cost into account rather than buying on self loan ? Also I get to save tax on fuel.