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|24th September 2016, 11:30||#121|
Join Date: Jul 2009
Thanked: 162 Times
Re: Car Lease Options from your Employer
2. You can put the money that you would have otherwise spent for down payment, road tax etc on a FD or bonds or some other savings and get interest on it.
3. If you intend to keep the car for longer duration, you can transfer to your name. Over 6 or 7 or 8 years the difference in second hand vs third hand will be lesser than the tax benefit and interest component you gained over the years.
Main disadvantage of lease is if you switch jobs in between it is a pain. Either you sell it and incur some loss or some lease providers like Sundaram allow you to continue to pay the lease amount month on month after they transfer the car in your name. But you lose the biggest benefit, the tax!
|The following BHPian Thanks prabhuferrari for this useful post:|
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