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Corporate Leasing

A Comparative Analysis
Corporate Leasing - Benefits
Service & Product Offering

Particulars	Finance Lease	Operating Lease
Legal Owner of the Asset	Leasing Company	Leasing Company
Registered Owner of the Asset	Lessee/Lessor	Lessor
Risks and Rewards Related to asset	With Lessee	With Lessor
PV of Future Lease Rental	90% of the Asset Value	90% of the Asset Value
Residual Value	10% of the Asset Value (PV)	10% of the Asset Value)
Ownership Transfer	Lessee/Lessor	Lessor
Capitalization (Lessee)	Asset would be capitalized on the B/S	Asset would not be capitalized on the B/S
Tax Benefits	The annual lease rental that you pay can be expensed out in the Profit & Loss account which would qualify for Tax benefits as per the prevailing laws of the Income Tax
Depreciation as per company Act	Lessee can claim	Lessee cannot claim
Depreciation as per Income Tax Act	Lessee cannot claim benefit	Lessee cannot claim benefit
Payments	Lease Rentals are higher	Lease Rentals are lower as compared to FL
Insurance and Maintenance	Optional	Has to be part of the transaction
Other Fleet Management Services	Optional	Optional

Zero Down payment:
Less than 15% Down payment in Loan.

Rental recovered from Pre-tax salary:
Upto 30% saving on rentals as compared to traditional loan scheme or outright purchase.

Insurance through Monthly Rental Spread:
Insurance Premium payable as one time amount.

Comprehensive Maintenance Cover:
Preventive Maintenance to cut down breakdown risk.
Tyre & battery maintenance.
Experts coordinating with workshops.
Low wear & tear cost.

Optional Services for Hassle free driving experience:
Uninterrupted mobility-COR will provide the replacement car while the leased car is being repaired. Accidental depreciation waiver- COR will cover the differential between the actual repair cost and the claim amount. Standard Replacement Car- In case you car is in the workshop for more than 24Hrs due to non-accidental reasons, COR will provide the replacement car. 24Hrs Service Helpline.

Vehicle Acquisition and Delivery:
The car would be leased as per the requirements of the client's employees. We take care of vehicle price quotes, ordering, purchasing, registration, insurance, taxes, fitting accessories etc. , thereby ensuring a hassle free experiance.

Insurance Cover and Management:
We ensure comprehensive insurance cover for the entire period of the contract. Insurance management includes claim filing, claim processing and ensuring delivery after repair of the vehicle.

Residual Value Management:
At the start of the leasing process, we commit a resale price applicable at the end of the tenure. Thus taking the responsibility of sale of old cars. This also provides you cover from the risk of changing resale prices. Residual management can be customized to accommodate varied requirements.

Comprehensive Maintenance:
Carzonrent lease will take care of the maintenance of the fleet throughout the contract life-cycle. We undertake periodic maintenance schedules as defined by vehicle manufacturer that cover all kinds of breakdown repairs and mechanical wear and tear. Our expertise in fleet management and multi city garage tie-ups ensure timely and cost effective vehicle maintenance services.