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Knowing Lease Benefits -

Lease is a kind of a package loan i.e. it includes financing, insurance and optional services like maintenance etc. The benefits are many – whether you are an individual or a corporate house looking to provide a vehicle to their employees please do go through the following points -


Cash flow benefits -

In the traditional way of owning a vehicle, you buy a vehicle, use it for a certain period and then dispose it after 3 to 6 years. During this period, you pay the bank loan EMI, become the owner of the vehicle and then later resell the vehicle at a devalued price. However, in leasing the resale value is estimated at the start and deducted from the cost of the vehicle. The EMI is then calculated only on the net cost. This substantially brings down the monthly cash outflow, thus making it much lesser than a bank loan EMI.


Tax benefits -

The entire lease payment is out of pre-tax salary of employees of a company. Accordingly, the entire vehicle EMI provides a tax reduction and increases the take home salary. Assume that an employee draws a salary of INR 1 lac per month and EMI for his car is INR 20,000. In a non-lease situation his tax outflow per month is calculated on INR 1 lac i.e. his tax outflow will be INR 30,000 per month (approximately). However, in a lease situation, the tax will be calculated only on INR 80,000 (INR 1 lac salary less Lease EMI which is tax deductible) i.e. tax will be only INR 24,000. Thus the net take home of the employee will be INR 50,000 in a non-lease situation and in a lease situation the net take home shall be INR 56,000. Take home salary increases by 12%.


Economies of scale, savings and quality -

At TranzLease, the bulk buying of vehicles, insurance and other services including maintenance packages for the vehicle, ensures that economies are scale are available to our consumers. This brings savings – not only in terms of pricing but also in terms of quality assurance; with pan India tie ups with dealers and OEMs it is easier for TranzLease to address the myriad problems during a vehicle’s life cycle. One of the most common problems with vehicle maintenance is the lack of technical knowledge for mechanical and/or technical defects in the vehicle. Auto dealers usually take advantage of this and present vehicle owners with inflated maintenance bills. Through TranzLease, you can avoid that with our dedicated quality inspection team. To top it, the tax benefit is available on the entire product range when availed through the lease rentals – this creates an additional 30% savings.


Flexibility and multiple choice -

At TranzLease other than car insurance nothing is compulsory as part of the lease package. Users have multiple choices they can exercise, as most services are optional. Also, lease through us offers the highest flexibility amongst the various acquisition methods.

At a glance lease benefit summary -+ Read More

Events & Participation

Following the success of brand "TranzLease" and in celebration of the recent JV between TranzLease and Unitrans (Budget Rent a Car, Saudi Arabia)** TranzLease organized an evening of celebration on 3 October 2012 at the Trident Hotel, BKC, Mumbai.

The evening was graced by the presence of our valued customers, bankers, vendors, auto manufacturers and prominent dealership. It was an evening which was cerebral and fun and we take pleasure in bringing to you the highlights of the evening in this special communique.

** Unitrans is the largest leasing and car rental company in Saudi Arabia - it is part of the Zahid group, one of the most well respected corporate houses in Saudi Arabia engaged in various business activities for almost a century. Zahid group is a billion dollar plus group active in equipment dealership (largest dealer for Caterpillar in the world), power and mining, manufacturing (lubricants in JV with Total Oil; gypsum in JV with Lafarge), financial services, hospitality, trucks, warehousing and transportation, agriculture etc

The evening agenda included a CEO round table, panel discussion on Automobile leasing trends in India co-hosted by CNBC (TV 18) and a one hour musical extravaganza (fusion music by Aditya Kalyanpur and other artists) followed by dinner.


Evening Highlights -

CEO Round Table
IThe CEO round table was a private discussion session between top corporate leaders and Sheikh Abdulillah, Chairman of Unitransand the evening's Guest of Honor. The discussions focussed on the emerging trends in financial services with a focus on automobile leasing. The participants included


a) Mr. Amitabh Chaturvedi – ex MD Dhanlaxmi Bank
b) Mr. Deepak Gupta – Joint MD, Kotak Mahindra Bank
c) Mr. Sanjay Kedia – CEO, Marsh Insurance Broking
d) Mr. Sunil Sanghai – MD, HSBC – Corporate and Investment Banking



Audience address by TranzLease Senior Management -

Following the CEO round table, TranzLease senior management addressed the audience – speakers were Sheikh Abdulillah Al Zahid, Chairman of Unitrans (TranzLease JV Partner), Mr. Dinesh Dhume, Chairman of TranzLease and Mr. Anindya Chakraborty,founder-promoter and MD of TranzLease.

Sheikh Abdulillah reiterated his confidence in TranzLease, the first investment by Unitrans in India and shared his views on the potential of leasing in the Indian market especially in view of the growing auto industry and the cultural shift from buying to leasing in India.

Mr. Dinesh Dhume, Chairman of TranzLease shared with the audience the successful journey of TranzLease – from a small entrepreneurial start up in 2006 to emerge as the fastest growing auto lease company in 2012.

Mr. Anindya Chakraborty, the MD of TranzLease and a young first generation entrepreneur engaged the audience with a witty keynote address – Anindya spoke about the hardships and challenges of a start-up company facing billion dollar competitors and how innovation and understanding of the Indian consumer mind enabled TranzLease to cross the hurdles and reach a platform of strength and recognition within a short period of 6 years.+ Read More
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