Is leasing Ather the better option than buying with an upfront payment?
Guys, would like to discuss on this. Is it a better idea to lease ather than paying upfront? Here are some details:
First year 4.5K X 12 = 54K
Second year 3.5K X 12 = 42K
Third, fourth and Fifth Year = 2.5K X 36 = 90K
Total: = 186K
interesting part is that this includes 4 year worth Ather subscription (~40K) and comprehensive insurance for 5years (~15K). No battery replacement cost after 5 years as you can just return the vehicle and get a new and the latest model with latest hardware and features. Plus some FD interest on the money you saved by upfront payment
ON UPFRONT PAYMENT PURCHASE
One time on road cost = 130K
Ather one plan for 2,3,4,5 yr = 40K
Insurance (comprehensive one) for 4 yrs = ~15K
Battery replacement: min 30K
(*really doubt that even with commoditisation of li-on tech, the battery cost will ever go below this)
Total = ~215K
And here you will be stuck with old generation model which may or may not support new tech hardware or feature beyond a point.
What do you guys think?