New Deal - Put Ads on your car, get paid every month!

rakowli · 28th August 2009, 15:07

Mods please check if i have posted it in proper area. i couldn't a better place.

Have anybody from Mumbai heard about Chevrolet Spark deal.
This deal is between Advertising Company and Chevrolet and the owner of the car.
Deal is like you have to purchase Chevrolet Spark however you want either on loan or full payment and your car would be hired for advertising the company ads. Hired in the sense only your all 4 doors and the luggage boot door will be used for ads. The car will be used for your personal purpose only. It will only be rented for ads for 5yrs (59/60months). Every month you will be getting Rs. 6000/- from the ad company from which you can pay your EMI and if full payment is done that money will be at your disposal.
Incase if you make a down payment of Rs. 1,20,000 for lower model and rest on loan your EMI turns out to be Rs. 6000/- for 60months. So in that case you are paying only Rs. 1.2lacs and getting a brand new car.
There is also some Agency fees of Rs. 21500/-. i don't no if it is included in the below calculation.
I have no problems in somebody putting an ad on my car till it is the driving by me.
how is this deal? anyhow i am also going to show this to my know advocate for any terms and conditions which can put us in trouble in future. Hoping for the best. If found proper i am thinking of taking this deal.

malgudi · 28th August 2009, 15:46

Be Careful!! Very Very Careful of this deal!!!!!
IT looks like a scam to me. When the Ad agency wants to put an ad on your car, why should it be asking for "Agency fees of Rs. 21500". IMO, they are puting a sticker on your car & should be charging the company whose product they are going to display in the ads. They might collect your money & vanish into thin air.

rakowli · 28th August 2009, 15:58

Maybe but then even the car companyis involved in this. The car will be registered in your name. Your will be paying the money directly to the company. After that you will be signing this agreement. i don't see loopholes as of now.

MileCruncher · 28th August 2009, 16:17

I think you are talking about this

Car Advertising - Innovative Vinyl Advertisement on Car in India

anoopap · 28th August 2009, 16:29

would not it make a private vehicle appear like public one ??

moreover what happens if those get damaged in an accident ? Is there someone to monitor ??

what if I make deal in delhi and drive all the way to trivandrum and remove stickers ?

Parm · 28th August 2009, 16:31

there is a similar deal for renting a car in Dubai.

the rental company charges 5 Dhs a day and you can have a decent size car, the condition is that the car will have advertising on it!

so you roam all over the city and advertise.

the rental company makes its money from the advertisement.

balajird · 28th August 2009, 16:45

Seems to be a good deal and idea, but i am against anything that asks money from me.

A suggestion would be to go through the legal documents that you might be signing up and look for all loopholes and legal issues. If it is possible, you could go to an extent of validating the agreement with a lawyer.

beejay · 28th August 2009, 16:45

This is news, pretty cool.

Rakowli, be prepared for numerous queries while you are at the road from potential consumers who are lured by the advert.

And pray to all Gods that they do not put any obscene advert. Like a monkey with an under pant or something like that.

gaurav_chopra04 · 28th August 2009, 16:52

ehhh... sounds familiar, doesnt Hillram who owns a yellow cedia got same kinda mitsubishi stikers on his car for Mitsubishi advertisement.

Fordmanchau · 28th August 2009, 17:15

I think if the terms can be agreed to and fair for the car owners, the additional income would be welcome, but then you need to clock the minimum monthly kilometers also plus increased maintenance, so that to some extent might offset the gain. But overall, its a damn good idea. Check out the link posted by Milecruncher above.Monetization of your assets is highly needed, it will to some extent guard against depreciation also.

rageshgr · 28th August 2009, 17:46

So tempting this idea, I have heard about this idea before,but in different way. As in. in US you can have your existing car display ads, and they ll pay you. The idea, ideally, is fine, but, the implementation, if it is a scam then we have a problem!

rakowli · 28th August 2009, 18:02

Quote:

Originally Posted by anoopap

would not it make a private vehicle appear like public one ??

moreover what happens if those get damaged in an accident ? Is there someone to monitor ??

what if I make deal in delhi and drive all the way to trivandrum and remove stickers ?

If the car gets damaged it has to be repaired within 45days by the owner. The ad company will be changing the ads from time to time. You also have the keep the car clean for ads to be visible.
there is a legal agreement to be signed by the owner and Ad company so if you remove the ad, the ad company will send you a legal notice or ask for compensation.
Also you cannot go out of the city for more than 1 month without prior notice. Any disputes will be under Mumbai Jurisdiction.
So it is all legally done.

Quote:

Originally Posted by balajird

Seems to be a good deal and idea, but i am against anything that asks money from me.

A suggestion would be to go through the legal documents that you might be signing up and look for all loopholes and legal issues. If it is possible, you could go to an extent of validating the agreement with a lawyer.

Yes but the ad company is not asking the money from us. The money paid is for down payment to the car company directly. And the loan taken to be converted into EMI, which in turn to be paid by Ad company.
So overall we are just paying 1.2lacs for a brand new car.
Also every month a new design on the car so new car every month.

McLaren Rulez · 28th August 2009, 18:09

Wow this is a cool scheme. Can't see why one would buy a Nano when you can get this deal.

MileCruncher · 28th August 2009, 18:19

Quote:

Originally Posted by gaurav_chopra04

ehhh... sounds familiar, doesnt Hillram who owns a yellow cedia got same kinda mitsubishi stikers on his car for Mitsubishi advertisement.

As much as I know he got it done themselves towards car decor.

rakowli · 29th August 2009, 10:40

GOOD Morning to all.
As of know i am just checking the legality of the agreement which i have got. if it is proper i m going for the deal 99%.

View Poll Results: Is this scheme lucrative?
Yes	23	34.85%
No	43	65.15%
Voters: 66. You may not vote on this poll

28th August 2009, 15:07	#1
rakowli BHPian Join Date: Oct 2007 Location: Mumbai Posts: 109 Thanked: 4 Times	New Deal - Put Ads on your car, get paid every month! Mods please check if i have posted it in proper area. i couldn't a better place. Have anybody from Mumbai heard about Chevrolet Spark deal. This deal is between Advertising Company and Chevrolet and the owner of the car. Deal is like you have to purchase Chevrolet Spark however you want either on loan or full payment and your car would be hired for advertising the company ads. Hired in the sense only your all 4 doors and the luggage boot door will be used for ads. The car will be used for your personal purpose only. It will only be rented for ads for 5yrs (59/60months). Every month you will be getting Rs. 6000/- from the ad company from which you can pay your EMI and if full payment is done that money will be at your disposal. Incase if you make a down payment of Rs. 1,20,000 for lower model and rest on loan your EMI turns out to be Rs. 6000/- for 60months. So in that case you are paying only Rs. 1.2lacs and getting a brand new car. There is also some Agency fees of Rs. 21500/-. i don't no if it is included in the below calculation. I have no problems in somebody putting an ad on my car till it is the driving by me. how is this deal? anyhow i am also going to show this to my know advocate for any terms and conditions which can put us in trouble in future. Hoping for the best. If found proper i am thinking of taking this deal.
	() Thanks

28th August 2009, 15:46	#2
malgudi BHPian Join Date: Apr 2006 Location: Mumbai Posts: 355 Thanked: 183 Times View My Garage	Be Careful!! Very Very Careful of this deal!!!!! IT looks like a scam to me. When the Ad agency wants to put an ad on your car, why should it be asking for "Agency fees of Rs. 21500". IMO, they are puting a sticker on your car & should be charging the company whose product they are going to display in the ads. They might collect your money & vanish into thin air.
	(1) Thanks

28th August 2009, 15:58	#3
rakowli BHPian Join Date: Oct 2007 Location: Mumbai Posts: 109 Thanked: 4 Times	Maybe but then even the car companyis involved in this. The car will be registered in your name. Your will be paying the money directly to the company. After that you will be signing this agreement. i don't see loopholes as of now.
	() Thanks

28th August 2009, 16:17	#4
MileCruncher Senior - BHPian Join Date: Jan 2009 Location: MH01 Posts: 4,235 Thanked: 592 Times View My Garage	I think you are talking about this Car Advertising - Innovative Vinyl Advertisement on Car in India
	() Thanks

28th August 2009, 16:29	#5
anoopap BHPian Join Date: Feb 2009 Location: Trivandrum Posts: 56 Thanked: 18 Times	would not it make a private vehicle appear like public one ?? moreover what happens if those get damaged in an accident ? Is there someone to monitor ?? what if I make deal in delhi and drive all the way to trivandrum and remove stickers ?
	() Thanks

28th August 2009, 16:31	#6
Parm Senior - BHPian Join Date: Jul 2008 Location: in a Toyota! Posts: 2,753 Thanked: 890 Times	there is a similar deal for renting a car in Dubai. the rental company charges 5 Dhs a day and you can have a decent size car, the condition is that the car will have advertising on it! so you roam all over the city and advertise. the rental company makes its money from the advertisement.
	() Thanks

28th August 2009, 16:45	#7
balajird BHPian Join Date: Jul 2009 Location: Bangalore Posts: 460 Thanked: 63 Times	Seems to be a good deal and idea, but i am against anything that asks money from me. A suggestion would be to go through the legal documents that you might be signing up and look for all loopholes and legal issues. If it is possible, you could go to an extent of validating the agreement with a lawyer.
	() Thanks

28th August 2009, 16:45	#8
beejay Senior - BHPian Join Date: Apr 2009 Location: The Nilgiris Posts: 1,963 Thanked: 204 Times View My Garage	This is news, pretty cool. Rakowli, be prepared for numerous queries while you are at the road from potential consumers who are lured by the advert. And pray to all Gods that they do not put any obscene advert. Like a monkey with an under pant or something like that.
	() Thanks

28th August 2009, 16:52	#9
gaurav_chopra04 Senior - BHPian Join Date: Oct 2008 Location: New Delhi Posts: 1,264 Thanked: 572 Times View My Garage	ehhh... sounds familiar, doesnt Hillram who owns a yellow cedia got same kinda mitsubishi stikers on his car for Mitsubishi advertisement.
	() Thanks

28th August 2009, 17:15	#10
Fordmanchau Senior - BHPian Join Date: Jul 2009 Location: Hyderabad Posts: 1,666 Thanked: 340 Times	I think if the terms can be agreed to and fair for the car owners, the additional income would be welcome, but then you need to clock the minimum monthly kilometers also plus increased maintenance, so that to some extent might offset the gain. But overall, its a damn good idea. Check out the link posted by Milecruncher above.Monetization of your assets is highly needed, it will to some extent guard against depreciation also.
	() Thanks

28th August 2009, 17:46	#11
rageshgr BHPian Join Date: Jun 2008 Location: Chennai/Vaikom Posts: 549 Thanked: 551 Times View My Garage	So tempting this idea, I have heard about this idea before,but in different way. As in. in US you can have your existing car display ads, and they ll pay you. The idea, ideally, is fine, but, the implementation, if it is a scam then we have a problem!
	() Thanks

28th August 2009, 18:09	#13
McLaren Rulez Senior - BHPian Join Date: Dec 2007 Location: Mysore Posts: 3,390 Thanked: 5,107 Times	Wow this is a cool scheme. Can't see why one would buy a Nano when you can get this deal.
	() Thanks

29th August 2009, 10:40	#15
rakowli BHPian Join Date: Oct 2007 Location: Mumbai Posts: 109 Thanked: 4 Times	GOOD Morning to all. As of know i am just checking the legality of the agreement which i have got. if it is proper i m going for the deal 99%.
	() Thanks