Hi @rajeshkav , In cost of ownership ( this is full payment right ? ) , can you please explain on the interest field here ? because i understand from LEASE and LOAN Perspective but not from cost of Ownership perspective.
When owning you pay 1.2 lacs for which interest needs to be calculated.
When lease, you have to calculate the interest for the down payment made
Let me make this clear. There are three options in buying
- upfront buy it by paying in full ( where does interest come into play here ?)
- Loan option
- Lease option
I understand in 2 and 3 speaking about “interest” makes things clear but i am confused so as to why you need to add interest when you buy upfront i.e option 1 ?
It’s putting time value for money…the liquid cash you have today has the potential to earn you a 7% interest if you decide to keep it in an FD and spend the same money next year…Hope it helps you… If you go by theory it’s nothing but a way of calculating NPV…Net Present Value…
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@prasathvishnu and @georgekuruppan explained the rationality of ‘interest’ well. Hope you are clear.
I made my full payment yesterday. initially when payment window was shown I thought of lease and it showed me max of 65K and about 2.3 monthly for 3 years. when redirected to autovert it was 75 max and so on… (thought its expensive, lease or loan would add even more cost to it) another 50 K more I can completely own it.
I am also trying to decide on Lease vs Buy. I like the flexibility of lease (at cost of course) if things don’t work out. I applied for lease, and it’s under review, but am having second thoughts.
Having said that, I just noticed the Lease plans changed and the lease does not come with Ather One subscription, but with Ather Service. I also noticed that with 75K down payment, the cost for buying out at the end of 3 years has come down to 5K. Does lease still make sense?
For most people the rule is:
If you wont change the vehicle for 5 years, buying outright is good. If you want to change the vehicle after 3 years, then lease is good.
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Thank you!
what are the documents that needs to be submitted to for lease
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on line you need to submit address proof, ID proof income proof and bank statement. The page will take you step by step.
When you are taking delivery your need to submit 3 cheques and need to sign the agreement.
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Thank you chethan
I just thought very simple.
Driving cost for 50000 km using electricity is Rs. 15,000 ( assuming 30 p/km) but using petrol will be around ~84,000 (Rs. 75 pl / 45 kmpl = 1.66 rs/km ). The is a saving of 70,000/- but just paying only g 43,000 extra initially compared to Activa (Activa @ 80k on road with insurance but Ather450 @ 1.23L).
Assuming AtherOne subscription equals to the petrol bike servicing cost we are saving on carbon emissions… Even if you remove the interest for 43K over 3 years with 8.1% interest rate which you can think of total 50k after tax on interest. Even if you spend 20k on new battery with extra 15k considering new battery cost at 35k. In next 50k km you will be saving 50k because here the initial cost is only 15k.
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no problem…
That was my calculation too
Hi everyone,
Can someone tell me what kind of number plate you get with leased vehicles? Is it the same as self-owned ones (white on green)?
Same as self owned ones green
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Can anybody please help me with the documents for lease.
most of my documents are from my old rented house.
so just wanted to know if bank passbook (which has my current address printed)
considered as address proof
Should be good enough I belief. However you may check with Autovert… Simply send a what’sapp message and they will reply.
On other hand I wonder how your bank can accept your new address without any legal document…
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How are you following up with Autovert? Through email or phone?
I am looking for Autovert contact number but can’t find it anywhere.
If anyone on the forum has Autovert contact number, could you please share it?