Some more readup on the same topic (though its for Electric cars but holds equally good for bikes as well):
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@rajeshkav, can you let us know what is your lease plan like…
Your Down Payment & Monthly rent inc. tax.
I would like to hear from other lessee who opted for lease.
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Ive seen the comparison of buy vs lease and in my mind the lease is a no brainier for a very simple reason. In 3 years, the market for electric two wheelers is going to be vastly different from now. So, I do not know what the feasibility of selling the Ather will be and whether it will have any real resale value (currently a 3 year electric scooter hardly fetches anything). So, the lease option removes a very big headache from me, to take the scooter from my hands and that is a very big plus. The fact that the financials are comparable is just the icing on the cake
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Hi, I just want to confirm regarding this 75k- adjusted resale value. Will we get back the 75 k from Ather.
If you see the final cost after 3 years it’s 128559/-…which is actually a very high running cost for a vehicle you use only inside city…so when I spend on Ather I look it as a normal use city vehicle for longer use period than 3 years…the comparison was to just find which is the cost friendly option based on the technology risk I am ready to bear with…even if I have to sell it after 3 years I suppose someone who has a use case of just commute maybe ok to spend 50k on a electric scooter which works ok compared to available options in market then…not sure my thought process makes sense to everyone though…
Consider a typical scooter, buying cost is close to 75K. In 3 years, you will be lucky to get 30K for it. So cost of ownership
Depreciation : 45000
Service : 12000 (ave 1500 per service incl oil change for 2/3 year, 1st year free)
Insurance : 4000
Fuel Cost : 30000 (around 800 per month)
So TCO of a regular scooter is also close to 90000 this without factoring the interest cost of money.
The equation will change drastically once the volumes kick in and electric vehicles become more popular IMHO
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Tks a lot. So it’s better to go for lease plan.
I have just thrown in a calculation and my thought process…what to choose depends all on your use case…I am going ahead with full payment option because of my personal reasons…that is nothing but I believe I will be able to use Ather450 more than 3 years and in 3 years I has a break even with normal scooter and every km after that is a savings for me…if Ather would have made sense only for 3 years then I personally would stayed with my current 2004 model unicorn (which is still doing a good city commuter job)…and waited for couple of more years for the EV market to mature… Technology is definitely growing…but something on ground to compete Ather may take 3 years…by then I will be in my savings mode 
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I completly agree with you. If you travel 20KM daily, 5 days a week, then we can hope to breakeven with a honda activa only after 3 years. So if we are planning to own the bike beyond 3 years, it makes more sense to purchase Ather with cash.
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Tks, well noted. I also plan to own it for more than 3 yrs, so I will go for full payment.
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I agree with @georgekuruppan, @srinivas29, @kuvari100. It is all depends on use case and how we evaluate. All the best.
Sorry for the delay in reply.
I went with this option,
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How long did it take for the lease to get approved? I submitted documents on 24th Feb but got an email today-26th feb that approval is taking longer than expected and will hear soon.
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Following are my timeline w.r.to lease
- Dashboard updated for payment: 29 Jan 2019 (T0)
- Lease application submitted : 29 Jan 2019 (T0+ 0day)
- Lease approval : 30 Jan 2019 (T0 +1day)
- Payment made : 01 Feb 2019 (₹69800) (T0+3days)
Generally, it should take 3 to 4 days. However, you may please call Autovert if you are struck.
You can write to care@autovert.in or whatsapp or call at 07676217677 or 07676217678 ; they are fast in replying your queries…
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After how many days was the vehicle delivered after the payment was made? Following is my timeline till today
- Pre-Booking: Tuesday, 05.Jun.2018
- Initial delivery estimate: Oct-Dec 2018
- Charging point assessment: Saturday, 16.Jun.2018
- Revised delivery estimate: March 2019
- Payment window opened: Friday, 22.Feb.2019
- Documents submitted for Lease: Saturday, 23.Feb.2019
- Lease application approved: Monday, 25.Feb.2019
- Down payment: Monday, 25.Feb.2019
- Non-Standard Installation payment: Monday, 25.Feb.2019
- Charging cable payment: Tuesday, 26.Feb.2019
However, I’m facing one glitch. Even after payment, the dashboard says “confirm your order” (see screenshot below). When I say proceed, it takes me to a payment page and it says that the payable amount is 0. Then when I select the Finish button there, it comes back to this same page
I called the Ather customer care and they say that in the back-end the status has moved ahead and installation of the Point will happen soon. They assured me that I need not worry.
Edit: the software glitch is solved and below is what I see now
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if I look at your dates, it looks fine to me. As you had non-standard installation, probably this might be the reason for the delay. Be patient 
it is just a matter of few more days 
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| Event | Date | |
|---|---|---|
| Pre-book date | June 5, 2018 | |
| Original Delivery Month | Oct/Nov - 18 | |
| Rescheduled Delivery month | February-19 | |
| Call for payment | February 6, 2019 | |
| Payment made | February 12, 2019 | |
| Lease application submitted | February 12, 2019 | |
| Lease approval | February 12, 2019 | |
| Assessment/Installation | February 17, 2019 | |
| Insurance issued | February 18, 2019 | |
| Call for delivery | February 21, 2019 | |
| Scheduled Delivery date | February 24, 2019 | Done !
|
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