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Lease versus Loan.
- Mercedes-Benz introduces Star Lease in India.
- First of its kind self leasing product in the automotive space.
- Vehicle maintenance costs will be incorporated into the leasing contract.
- Star Lease will be provided through Daimler Financial Services India, a subsidiary of Daimler Financial Services AG that was launched in July 2011 under the Mercedes Benz Financial branding.
- This leasing option will be available in all Mercedes-Benz dealerships across the country with immediate effect.
- Consumers shall now have an option to drive away a Mercedes-Benz without any initial investment & just pay rentals which shall cover all insurance & maintenance costs for 3 years. Under a leasing contract the customer has the use of a vehicle over a period of time for a fixed monthly lease rate. Daimler Financial Services India Pvt. Ltd will be the owner of the asset and maintenance of the vehicles will be carried out by Mercedes-Benz dealers as a part of the leasing contract.
Indeed a first by any luxury car maker in our country which will bring more of their 3 pointed stars on our roads. Surely they are facing some severe heat from the other 2 Germans (BMW, Audi) and other 2 European neighbours VW, JLR and have to keep a step forward to survive here.
This is a great move by Mercedes and will surely help boost there sales. Can you please post some more details about the whole package?
Thats nice information. Any idea of the extra costs incurred while entering into a lease and also while exiting the lease.
So for example, I enter into a lease for a Mercedes SL Class; apart from the monthly rental, how much extra would I have to pay (a ballpark figure) to just sign the lease. And then say, I am dissatisfied with my lease and I exit after one month, how much more do I pay to exit it?
Being this India, where we are more prone to accidents, who will pay for damages if entered in Lease. As far as I know, we have to kept the car as it is during the lease period and its next to impossible in India. What you say ?
Anyone has more details on this,like how much we have to pay in total for 1,2 and 3 years respectively,for a C280CDi?
and also how much i will have to pay them after finishing lease?
Me thinks, in a few years, we'll have excellent used car options in this space, especially if the other two also join in.
Leasing has been successful abroad for several benefit in terms of tax saving and depreciation. Will this be applicable in India?
@GTO- You have been a fan of the leasing format. Now can we expect a leased c63 AMG to replace your C220CDi ? ;)
Do we know financials of any leasing options provided by Merc/STAR ? I.e. how much monthly payment for a car that costs 35 lakh OTR.
Guys, a short telephone call to your nearest friendly Merc dealer should help you get the exact numbers :)
DROOL!! Will they lease me a G55 AMG for say two days? Thats probably all I would afford.
But a good move. I can at-least dream now. No liabilities is a big weight off the shoulders. Will help a lot of fleet operators, considering the lease agreements are valid.
Not just tax saving - leasing rather than outright purchase is useful for customers who compulsively change their cars every 2 or 3 years. Good move by Mercedes.
Lease details in Mumbai for C200 CE petrol with 10K annual run. Information courtesy Autohanger.
Zero Down
90,806 per month inclusive of insurance, tax, etc.
36 month duration
Residual value at the end of 3 years for outright buy - 14 Lakhs.
Yea, I'll pass. Thanks.
Do you happen to know approx OTR price for C200 CE petrol?
MB might be eyeing corporates who want to provide some sort of a premium vehicle to senior staff as a perk. This way, they don't get to buy something and maintain it. Probably show this as a CTC component in the paypacket.
A step further, some tax benefits maybe?
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