You are right… But then reimbursement is applicable only if one chooses Ather One plan. From second year onwards, we all need to pick one that suits best.
Why is the cost of ownership when bought in full cash higher for 3 years Compared to the owning on Lease for 3 years??
full cash cost should be the best option right??
What is the catch here that i am missing out??
Ather One subscription & insurance is factored in to the lease cost. However in a full cash buy out option these are over and above the cost of the bike after the first year.
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Reason for this high number in ownership is because of the following:
- Initial Capital is high (higher than lease down payment)
- Interest on capital cost is to be considered.
- Insurance from 2nd year is accountable.
- Ather ONE cost is extra from 2nd year.
However if you plan to own beyond 3 years, then of course owning is much cheaper compared to lease.
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I believe @rajeshkav…that u have taken in the lease option 
, so let me get this clarified by you.
- Is the insurance policy by default for leasing plan throughout the 3 years? if yes, then what type of insurance is that- comprehensive or 3rd party?
- Also, if the Ather One subscription is a part of the default leasing package?? If yes, what is the total installment per month?
- What if i have another insurance coverage from another Vehicle wherein i already have a personal accidental coverage?..is there an option where this can be take into consideration???
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Request you to go through the website once www.atherenergy.com where you’ll get most answers.
- 3 years comprehensive. 5 years third party is given in the beginning itself (regulatory requirement)
- Yes. But monthly rent depends on the down payment you choose
- Yes. see below link
Internal Updates
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yes, I went to lease option. You may see my earlier post on my reasoning up in the thread.
Hemanth answered all your questions,
You may call Autovert (who is Ather’s leasing partner) for more details.
You may write to care@autovert.in or whatsapp or call at 07676217677 or 07676217678 ; they are fast in replying your queries…
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Wrt Lease option.
Suppose a new Ather is launched towards the end of the 36 month lease period.
For exchanging with the new bike, will only the deposit be considered or the monthly installment paid towards the 450 be adjusted from the price of the new bike?
You check with Autovert, they are the leasing partner with Ather…
Autovert contact,
care@autovert.in
7676217677
7676217678
… I think only deposit will b consider as DEPOSITE PAYMENT for new ather
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how did you arrive at resale value?
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Now any changes we can expect in lease schemes after price reduced?
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Even a new petrol car won’t cost that much to service in 3 years, your maintenance estimate for n torq scooter is wrong.
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Car has a different service cost depending on the brand…
Did anyone exchange their bike or scooter thru Autovert?
How was the experience and how was the exchange value given compared to market rate?
Initially I was interested to exchange. However quoted value for my vehicle was very less, hence I did not go for it. You may try your luck, nothing wrong.
Thanks Rajesh. Will check it
Same here, I was quoted less than 50% of the market rate for selling through Autovert for my existing vehicle.
Hello Guys
My payment window opened yesterday and I’m weighing buy vs lease.
My usage would be very less as the scooter is meant for my wife. I use a motorcycle.
In th efirst post ‘probable earning if the vehicle is sold’ is given as 50k for buy option and 75k for lease option.
But the payment window shows me that I can get 40k back at the end of 36th month and give the vehicle back OR pay 10k and retain the vehicle. So the net value here should be 40k unless you take the vehicle back and sell it in secondary market for higher price. But then the same value should be applicable for ‘buy’ option as well.
secondly, is insurance and atherone subscription free for entire 3 years in ‘leasing’?
Thanks
Vinod