Buy Vs Lease Vs Loan


#102
  1. For pre-bookings done till a certain date (November 1st I think) Ather One subscription is inclusive. Hence it is mentioned as Zero
  2. For new vehicles only 3rd party is mandatory for 5 years…Own damage is only for 1st year. Again that 7k and 6k are probable figures. As you’ve written you can get better prices too.

You can get just the own damage/Theft cover from the 2nd year. May not be listed on the website now but insurance


#103

How much time does it take to get the loan approval?


#104

Anyone opted for Lease, Whose payment window open now? And status of your application?


#105

I had applied for Lease on 22-May-2019 it got approved today. I need to transfer the money tomorrow and I am done


#106

Well hope my application also get approval in couple of hours…


#107

fingers crossed…:crossed_fingers:


#108

@Shreyas Question on loan option -
Is there any prepayment penalty or foreclosure fees if we wish to close the loan early?


#109

As promised @Autovert real time application processing or within 48 hours… Not happened… I lossed my full patience while waiting for bike in last 10 months… now I can’t wait one more day to have bike… I will cancel and go for full payment hope no problem in that


#110

Yes. When payment window opened I saw charges mentioned for loan option pre-closure charges. And also for lease agreement pre - closure are applicable.

I missed to capture.

Can anyone have reference. Kindly share it with rjaswant.


#111

By chance do you recall how much the amount was?


#112

No. I am not able to recall as my mindset was in making full payment.


#113

I mailed Ather and got a response on prepayment/foreclosure fees.

Case 1 If customer wants to close the loan before 6 installments then he has to pay the interest amount coming for 6 months + 5% of the principal outstanding + remaining loan amount.

Case 2: If customer wants to close the loan after 6 installments then foreclosure charges will be 5% of the principal outstanding + remaining loan amount.


#114

Anyone got the loan approved? My loan application is still in progress. I have not been contacted by the loan team. I have applied on 23rd May.


#115

Same here. The status says “In Progress”.


#116

I want to thank everyone who explained about the buy vs lease option. I finally made the decision to go ahead with the lease option with maximum down payment. Applied for lease last night and it got approved and already paid the amount. Waiting for the delivery in the next week.


#117

Great… they approved faster…


#118

Anyone got their loan approved? I don’t have any updates from loan team. @Shreyas Can you please help us on this.

Thanks,
Karthik


#119

Hi

I have applied for Lease plan and it is showing as approval pending. If the approval is rejected, then i can pay the amount in one shot?

Could any one pls help me in letting me know.


#120

When you applied?


#121

If you interested to change from lease plan to pay at once… while seeing status right top side you find change plan. Select that once again application starts that time you can select pay at once option, again it ask few documents to submit and later options to pay website with 2% fee or you get NEFT transfer option.