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Call us on 1860 500 5050 / 1860 419 5050

Contact us on our helpline numbers for a quick, hassle-free resolution and support.

Click here to download Response Times through the car lease cycle - from quotation to delivery, services to end of lease and re-order.

Team	Contact Details
Salary Plan Quote Support Monday - Friday \| 9:00am - 5:30pm - How to order your SalaryPlan car - Quote making queries	1860 500 5050 1860 419 5050 IVR option 2 reachus@salaryplan.co.in
Ayvens Customer Support Monday - Saturday \| 8:00am - 8:00pm - Status of your ordered car - Service and delivery queries - End of lease queries - Insurance claims assistance	1860 500 5050 1860 419 5050 IVR option 1 customercare@leaseplan.com
Insurance Team Monday - Friday \| 9:00am - 5:30pm - Insurance related queries	1860 500 5050 1860 419 5050 lpin.insurance@leaseplan.com

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ILLUSTRATION OF FINANCIAL COMPARISON OF OPERATIONAL LEASE WITH A CAR LOAN

CityNew Delhi
Ex-showroom priceRs.1,200,000
DiscountRs.0
Road TaxRs.125,000
1st year comprehensive insuranceRs.37,050
ON Road CostRs.1,362,050

Car Loan Rate of Interest11.50%
Amount Financed in case of Car Loan (85% OF EX Showroom)1020000
Amount Financed by Lease Plan1362050
Term - months36
Employee Tax Rate Slab30.00%

Outflow Analysis

Finance EMI
Dow payment (15% of ex show room Road Tax and Insurance)Rs.342,050

Car LoanOperational Lease
Per MonthPer Month
Rs.33,316 Rs.39,681
Rs.9,501

Recurring Expenses

Subsequent years Insurance (Year 2 & 3)
Opportunity Cost on down Payment @ 10% p.a.
Total Out Flow per Month
Tax Savings
Net EMI
Approximate Residual Value with applicable Taxes at end of 3 years
Total Out Flow over the Life Cycle
Savings over a 3 year period

Rs.2,435 Rs.2,435
Rs.3,145
Rs.48,398 Rs.42,116
-Rs.12,635
Rs.48,398 Rs.29,482
Rs.360,000
Rs.1,742,330 Rs.1,421,335
Rs.320,995

The above calculation is only for the purpose of Illustration and can vary depending on the tax slab that an employee will fall under.
The Tax benefit shown is as per the current Income Tax rules

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Call us at: 1860 500 5050 , 1860 419 5050

This should not be considered as a tax related advice of any form what ever. Please consult your tax adviser before acting or relying on the recommendation. This website is best viewed on Firefox (version 60 & above) and Chrome (version 60 & above).