The leasing market is rising in India. In a world where people are eager to have most of their stuff on subscription like OTT, Spotify, etc. EV leasing has become a buzzword in the electric vehicle community. Automobile leasing never got much attention among Indian customers, but with the changing industry-standards and audience demand, leasing will dominate the upcoming electric vehicle market.
Getting an EV on lease comes with great added comfort and lots of financial benefits, and looking at those benefits, various research firms and even government bodies have inferred that leasing will be at the forefront of rising EV adoption in India. There’s a notion among Indian customers that the EV leasing model is only efficient for businesses or big organizations, but the on-ground reports reveal a completely different story. Leasing is equally beneficial for retail customers and saves a great financial burden.
In this article, we’ll see how you can lease an EV, the benefits of EV leasing, and some of the best EVs to get on lease in India.
How to lease an EV in India:
Right now, no EV manufacturer is providing any leasing option along with it, but platforms like Zecat make it much easier and affordable for normal people to lease an EV. Here’s how you can lease an EV in just 3 simple steps.
Steps to lease an EV:
- Click here and fill out the form.
- Pay a refundable fee of ₹99/- and get your hand on the EV.
- Experience the EV for 7 days and lease the EV by completing simple formalities.
Talking about monthly lease charges; If you lease an electric 2-wheeler, it can cost you between 6000-9000/month, and for electric cars, it can cost you between 40000 – 45000/month.
Documents required:
For EV leasing in India, you must have identity proof, address proof, income proof, age proof & driving license.
Here’s the list of all the documents required for EV leasing:
- Aadhar card or PAN card
- Driving license
- 3-month salary slip (or) Employment letter if recently employed
The document requirements are similar to the loan, but you can connect with a specialist here and get a complete understanding of EV leasing and document requirements.
Benefits of EV leasing:
Now, I don’t want to sound like a typical sales guy mumbling unrealistic product benefits in your ears. What I’ll do instead is quote researched and authorised statements here,
At the same time, the industry will likely see traction in ancillary services that are already prevalent in global markets like the US, such as customer leasing services (whether OEM-led or via tie-ups with financial institutions), particularly on the back of higher data availability with respect to EVs’ actual performance as compared to ICE models, enabled by Internet of Things (IoT) devices. – Bain & Co.
EV leasing has a great and statistically supported future, and here’s a list of all the EV leasing benefits.
- No resale hassle:
Unlike ICE vehicles, EVs have no or very little resale value because of their battery degradation. The major monetary value of any electric vehicle exists in its battery, and over the years of usage, electric vehicles lose their battery degradation value; hence, there’s no point in reselling an EV after years of usage.
When you lease an EV, the hassle of reselling the EV goes away, and when your lease duration ends, you can simply choose to ride some other EV on a similar business payment modal.
- Lite on pocket:
It’s evident that electric vehicles have lower running costs, and the total cost of ownership of an EV is much less than the regular ICE vehicle. When you lease an EV, you spend almost the same amount on its lease charges that you’d have spent on the fuel charges alone.
3. Tax benefits:
Buying or leasing gives tax benefits or avails you of various government incentives. Here’s the link for the state-wise government incentives.
If you are a corporate employee, EV leasing greatly benefits both the employee and the employer. Organisations are greatly incentivized to utilize Electric mobility for business operations or provide electric vehicles for their employee’s benefits.
4. No Maintenance headache:
After leasing an EV from Zecat, you’ll never have to visit the service centre. Zecat provides a doorstep servicing/maintenance facility without charging any extra buck. You can simply contact Zecat to book a service slot at your convenience.
There are countless such benefits of EV leasing, click here to know all the benefits of leasing.
Why to lease an EV from Zecat:
Let’s face it. The biggest challenge with electric vehicles is their charging time and charging infrastructure, and Zecat is the only company in India that provides charging support and EV leasing services combined. If you lease an EV from Zecat, we promise you a hassleless EV experience removing all the limitations to an EV owner.
Zecat gives you the best EV services and the price you can’t deny.
Our ecosystem gives you the following services:
- Experience the EV before buying to avoid buyer’s remorse.
- Lease offering for employees paying income tax under the corporate travel scheme.
- Best price offering along with free charging for the next 6 months.
- Charging Infra support, emergency changing, and charger installation at chosen locations.
- Doorstep EV servicing or maintenance.
With all such amazing reasons, I can’t find any reason to not lease an EV from Zecat.
