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Old 16th January 2007, 21:17   #1
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Default What car can I lease for Rs. 25,000 ?

Hi guys,

My company will be paying me Rs. 25,000 as car allowance that can be used to lease a car. Can you guys tell me what kind of car will I be able to afford in that range. I am not too familiar with Indian car loans/lease costs. We will be relocating to Gurgaon.

Thanks for your help.cheers:

Prasad
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Old 17th January 2007, 02:39   #2
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as is with lease rentals,in 25k i think you can get a honda civic,toyota corolla,skoda octavia,lancer cedia,sonata embera.basically cars from 10l-14l.
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Old 17th January 2007, 03:06   #3
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Well actually - if you show 7K as drivers salary, 5k as petrol/diesel bill, 1k as maintenance, you are only left with 12k for lease payment.

You can show a elantra, fiesta as lease for that.
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Old 17th January 2007, 09:52   #4
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Get in touch with the guys are ORIX India. I think they will be able to help you out best, as your query is very vague.
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Old 17th January 2007, 10:14   #5
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Thanks "hellspawn" and "LLL" for great suggestions. LLL's suggestion gives me few more things to think to get more out of the allowance! I agree my query was little vague but that's all I seen from my offer letter and trying to gauge if 25K is adequate or not.
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Old 17th January 2007, 12:07   #6
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We have the following lease structure

2 year lease --> INR 43 PTPM(Per Thousand Per Month)
3 year lease --> INR 31 PTPM
4 year lease --> INR 24.5 PTPM
5 year lease --> INR 21 PTPM

The lease amount is on the ex-showroom price.
So if you lease an 8.5 L car on 5 year lease , it will be INR 17850.


HTH

Deepu
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