TZL provides you with both new car lease and used car lease.
The lease schemes for new cars are currently split up into 2 basic types which are (A) Easy Exit scheme (B) Zero Down Payment scheme.
Under Easy Exit scheme, there is no liability on the employer from day 1 and is thus ideal for roll out to a large section of your employees. Employees of your organization may or may not be eligible for a car lease but with this scheme such employee segment can be included. This is our hot selling product and most companies are now adopting the same. It is an ideal method to bring savings to your employees when they are buying their dream car. The main advantages are zero liability on employer from day 1 & easy mid term upgrade of car. It also offers the highest flexibility and can be considered to be a modified improved version of auto loans available from banks.
Under Zero Down Payment scheme, there is no down payment needed for the car unlike in case of an auto loan. You just have to select the car, the tenor and the services you want and you can drive out with the car. This method does not require a car buyer to dip into this savings and thus provides a great tool to own your dream car. The main advantages are zero down payment requirement on day 1 and higher tax benefits.
Under both Easy Exit and Zero Down Payment schemes, there are various options available being
At a glance lease benefit summary -
|| Plan Highlights
|| Lowest EMI amount
|| 3 years
|Money Saver Plan
||Highest Tax savings amount
||3 to 5 years
| Low EMI Plan
|| Blend of Use Plan and Money Saver Plan
||3 and 4 years
The choice of a plan is based on the user's preference and personality types and depending on whether you want to maximize tax savings or maximize cash outflow savings and also depends on the car lifestyle preference.
Sale and Leaseback:
If you already own a fleet and wish to shift to leasing we can help you – from evaluation of your existing car to transferring the title and repayment of your existing lender et all will be handled by us to provide you with upfront liquidity and greater tax benefit. This is especially helpful for new leasing customers with asset on their own books that need to be removed and/or to manage the existing vehicles of employees to whom the lease scheme is being introduced.
Secondary lease is of two types –
1. Used car leasing – Want a second hand car at attractive rates and with quality assurance; look no further as we have our own captive fleet which are well maintained and certified by us on quality aspects. You can now drive your second car at an affordable rate.
2. Deferred purchase of your own lease car – At end of the lease if you wish to continue with your own lease car it is not necessary that you buy the same by paying all at once. You can convert the end of lease purchase value to an attractive EMI scheme – this allows you to change your decision later flexibly and at the same time continue to use your own vehicle for as long as you wish; also, it prevents any change in the RC book thus preventing a drop in the market value of the car.
Contact us to know more about this hot selling scheme