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Announcements

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

SalaryPlan 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

LeasePlan 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