#Auto Leasing Companies

[evleasing]

Why Choose EV Leasing Companies in India for Affordable Electric Vehicles

EV Leasing Companies in india

As electric vehicles (EVs) continue to revolutionize the automotive landscape, more people in India are exploring EV leasing options over outright purchases. EV leasing offers a cost-effective, flexible path to eco-friendly driving, allowing you to stay updated with the latest in electric mobility. In this blog, we’ll discuss why leasing might be the best choice for your EV journey, the top benefits, and what to consider when choosing a leasing company in India.

1. Understanding EV Leasing: What Makes It Unique?

Electric Vehicle Leasing works similarly to traditional car leasing but offers added flexibility. Leasing an EV provides access to the latest electric technology without the high upfront costs of purchasing. This can be especially beneficial as EV technology continues to evolve quickly, allowing users to stay current with battery improvements, charging speeds, and software updates.

By choosing an EV Leasing Company in India, you’re getting affordable, fixed monthly payments that fit your budget, all while benefiting from lower maintenance costs and fuel savings. Plus, there’s a range of financial incentives and tax benefits available for EV users in India, making leasing an even smarter choice.

2. Top Benefits of EV Leasing Companies in India

Working with a dedicated EV leasing company in India provides several advantages beyond financial flexibility:

Lower Upfront Costs: Leasing requires little to no down payment, making it more affordable.

Reduced Maintenance Worries: EV leasing companies often include maintenance services, so you don’t have to worry about battery or parts replacements.

Easier Access to the Latest EVs: With technology evolving so quickly, leasing gives you the freedom to upgrade to a newer model at the end of your lease term.

Environmental Impact: By choosing an EV, you’re contributing to reduced air pollution and helping India meet its environmental goals.

Many EV leasing Companies in India, like those in Delhi and Mumbai, are catering to a wide range of users—from individuals to businesses—making it easier for everyone to access the benefits of electric mobility.

3. Electric Vehicle Leasing vs. Traditional Car Leasing: What’s the Difference?

While traditional car leasing is popular, EV leasing offers unique benefits specific to electric vehicles. Unlike gas-powered cars, EVs require minimal maintenance, saving you on typical wear-and-tear costs. Additionally, EV leasing includes reduced expenses on fuel and access to government rebates for electric cars, which lowers overall costs even more.

4. Navigating EV Leasing Options: From Delhi to Pan-India Services

India’s EV leasing market is expanding rapidly, particularly in cities like Delhi, which is a major hub for electric mobility. Numerous companies offer EV leasing services across India, providing users with options tailored to different needs. Whether you’re looking for an EV lease in Delhi or across multiple states, EV leasing companies in India are well-equipped to handle both individual and business needs.

Here are a few of the major players in the Indian EV leasing market:

Alt Mobility: Known for its comprehensive EV Leasing Services, from personal leases to corporate fleet solutions.

Revfin: A growing company offering affordable EV leases with a focus on customer-centric policies.

Greaves Mobility: Offers a range of electric two- and four-wheeler leasing options.

These companies provide various services, from individual leasing to electric fleet management, making it easy to find a service that meets your requirements.

5. EV Leasing for Businesses: Fleet Management Made Easy

EV leasing isn’t only for individual users; it’s an ideal solution for businesses as well. Electric vehicle fleet management is becoming more accessible, enabling companies to reduce operational costs, simplify maintenance, and improve environmental impact. With India’s push towards sustainability, many companies are choosing to build green fleets by leasing EVs instead of buying.

When opting for an electric fleet, leasing provides flexibility, as you can adjust fleet sizes as needed and take advantage of the latest vehicle models and technology. EV leasing companies in India often offer dedicated fleet management support, which includes vehicle monitoring, battery maintenance, and insurance, making the transition smooth and affordable.

6. Leasing 4-Wheeler Electric Vehicles: Options and Availability

One of the biggest draws of EV leasing in India is the range of four-wheeler options available. From compact EVs for urban commuting to SUVs and Luxury Electric Cars, leasing companies offer diverse choices for users looking to explore different models.

Some popular four-wheeler EVs available for lease include:

Tata Nexon EV: Known for its impressive range and robust performance, ideal for city and highway driving.

MG ZS EV: A great choice for those looking for a mix of style and range in an SUV format.

Hyundai Kona Electric: Offers a long range and is packed with tech features for a premium experience.

7. Factors to Consider When Choosing an EV Leasing Company

Selecting the right EV leasing company in India is essential to ensure a smooth leasing experience. Here are some factors to consider:

Lease Terms and Flexibility: Look for flexible lease options that fit your lifestyle, including short-term and long-term leases.

Maintenance and Insurance Packages: Many EV leasing companies include maintenance and insurance, so check what’s covered.

Reputation and Customer Support: Choose a reputable company known for reliable service and responsive customer support.

Availability of Models: Ensure the company offers a wide range of electric vehicle models so you can choose the best one for your needs.

Asking these questions helps ensure you get the best value from your EV lease and enjoy a seamless driving experience.

Conclusion: Why EV Leasing is the Future of Affordable Electric Mobility in India

Electric vehicle leasing is fast becoming a preferred choice for eco-conscious drivers and businesses alike in India. With a variety of options, reduced costs, and minimal maintenance, leasing offers a practical, affordable way to drive electric. Whether you’re looking to experience the latest EV technology or expand your business fleet sustainably, EV leasing companies in India make it easy and accessible.

Ready to join the green mobility movement? Consider an EV lease today and drive your way to a cleaner, more sustainable future.

[asmitasinghseo]

Maximising Financial Efficiency with Corporate Vehicle Leasing

Corporate vehicle leasing is a strategic financial decision that provides substantial economic advantages for businesses that are managing fleet needs. This option reduces initial capital expenditure, streamlines tax management, and enhances cash flow efficiency. This article explores why leasing vehicles, such as vehicle leasing services in Delhi, might benefit more than purchasing them outright, particularly for corporate fleets.

Financial Advantages of Leasing Over Buying

When businesses opt to lease rather than buy, they sidestep the hefty upfront costs of purchasing new vehicles. Leasing eliminates the need for large capital outlays and converts a capital expense into an operational expense. This shift can free up capital companies can allocate to other critical business areas, such as expansion, R&D, or increasing operational capacities.

By not tying up funds in depreciating assets like vehicles, companies maintain liquidity and financial flexibility, which is crucial for small to medium-sized enterprises (SMEs) and startups with tighter capital constraints.

Reducing Capital Expenditure Through Leasing

The cost of acquiring a fleet of vehicles can be substantial. Leasing significantly reduces this burden by spreading the cost over a period, typically the lease term. This payment structure avoids a significant one-time expense and incurs a manageable monthly fee.

Furthermore, leasing companies often handle the maintenance and repair services, reducing unexpected outlays that typically accompany vehicle ownership.

The predictable nature of leasing expenses simplifies budget planning and improves overall cash flow management. By conserving capital and minimising unpredictable expenses, businesses can better navigate financial planning and strategically allocate resources.

Tax Benefits and Accounting Advantages of Leasing

From a taxation perspective, leasing offers distinct advantages. Lease payments can often be deducted as business expenses, reducing the net cost of leasing the vehicle. This aspect of leasing is particularly attractive as it directly impacts and reduces taxable income. Moreover, leased vehicles are not assets on the company’s balance sheet. This off-balance-sheet financing does not increase the company’s debt liabilities, thus bettering financial ratios and potentially making the company more attractive to investors and lenders.

In addition, the accounting simplicity of handling lease payments — as regular operational expenses — simplifies the company's financial management. This accounting treatment contrasts with purchasing, where the asset must be depreciated over several years, complicating financial statements and potentially impacting financial indicators like return on assets.

Enhancing Fleet Management and Operational Efficiency

Leasing not only assists in financial management but also enhances fleet operations. Companies can regularly upgrade their fleets with the latest models that offer better fuel efficiency and technological advancements. This renewal process ensures businesses can leverage modern vehicles that reflect well on the corporate image and comply with evolving environmental regulations.

Moreover, many leasing agreements include fleet management services as an option. These services can provide vehicle tracking, maintenance management, fuel management, and comprehensive reporting to help businesses optimise vehicle usage and reduce overall fleet costs.

Navigating Lease Agreements: Key Considerations for Businesses

Understanding the terms and conditions of lease agreements is crucial for maximising the benefits of corporate vehicle leasing. This section will explore key considerations businesses should be aware of before entering into a leasing contract.

Understanding Lease Terms and Conditions

Before committing to a lease, businesses should thoroughly understand the terms. This includes the length of the lease period, monthly payment obligations, and the terms regarding early termination or lease extension. Companies should also be aware of the conditions regarding vehicle return standards to avoid end-of-lease charges for excessive wear and tear.

Mileage Limits and Penalties

Most lease agreements include mileage restrictions, which can significantly impact costs if exceeded. Businesses should assess their average vehicle usage carefully to choose a lease that aligns with their needs without incurring extra charges. Negotiating higher mileage limits upfront might be more cost-effective than paying high per-mile penalties at the end of the lease.

Customisation and Restriction Clauses

Leased vehicles often cannot be modified without permission. Businesses that require vehicle customisation to support operational needs must discuss these requirements with the lessor before signing the agreement. Understanding these restrictions helps ensure that leased vehicles can be effectively integrated into the company’s operations without breaching the lease terms.

Final Thoughts

Corporate vehicle leasing offers multiple financial efficiencies to help businesses manage their resources better. By reducing initial capital expenditure, offering significant tax and accounting advantages, and enabling better fleet management, leasing emerges as a prudent choice for businesses aiming to optimise their operational budgets.

Companies, such as corporate vehicle leasing companies in India, considering their options in fleet management, should weigh these benefits carefully. Leasing provides financial relief and aligns with strategic planning for growth and efficiency. As businesses look towards sustainable growth paths, embracing a leasing strategy could be key to maintaining financial health and operational agility.

[smasautoleasingindia]

Affordable Vehicle Leasing Company in Delhi | SMAS Auto Leasing India

Looking for a reliable vehicle leasing company in Delhi? SMAS Auto Leasing India offers affordable and flexible vehicle leasing solutions tailored to your needs. Choose from a wide range of cars and enjoy hassle-free leasing with exceptional customer service. Contact SMAS Auto Leasing India, the premier vehicle leasing company in Delhi, and drive your dream car today!

[jakesweeneymazda]

Jake Sweeney Mazda, you'll find an expansive inventory of Mazda vehicles that showcases the brand's commitment to craftsmanship and driving pleasure. From sleek sedans to versatile SUVs, they have a wide range of Mazda models to suit different lifestyles and preferences. Visit the website at www.jakesweeneymazda.com or stop by the dealership to discover why Jake Sweeney Mazda is the trusted choice for Mazda vehicles. 

[its-all-business]

Best Car Leasing Companies In India

Owning a vehicle is the most common method of obtaining a car for daily commuting. However, as the market changes, there are other alternatives to owning a vehicle, one of which is leasing a vehicle from a car leasing firm. If you are not prepared to invest a large sum of money in a brand new vehicle, car leasing is an excellent option.

1. ALD Automotive Pvt. Ltd.

ALD Automotive provides business vehicle leasing and mobility solutions that fit your company's needs under the guidance of Suvajit Karmakar. Plus, they give their employees lots of perks, like tax breaks, pay-as-you-go, and quick upgrades.

Also Read: Top 5 Car Leasing Companies In India

2. Poonawalla Fincorp

Are you looking for an all-in-one auto leasing company? If so, you've come to the right place! From small businesses to big ones who want to add cars to their fleets for business or employee perks, Poonawalla Fincorp is a great choice. The company is run by Abhay Bhutada, the Managing Director and it recently got the CRISIL AAA rating.

Also Read: Financial Planning Tips For Small Business Owners

3. Avis Lease

Avis Lease is one of the most innovative car rental companies in the world. With over 16 years of experience, Avis Lease has established itself as one of the most trusted car rental and leasing companies in India. Avis Lease provides high-quality, reliable, and transparent car rental and leasing services to individuals and corporate clients in India. We offer short-term as well as long-term transportation solutions.

4. ORIX

Started in 1995, OAIS is a subsidiary of ORIX Corporation, which is a Japanese company. With Sandeep Gambhir as its MD, the company is a leader in leasing and transportation in India, providing clients with innovative solutions to help them reach their goals.

Summing Up

The four best car leasing companies in India are listed above. If you are looking to lease a vehicle, these companies should be your first choice.

[mostlysignssomeportents]

Cars bricked by bankrupt EV company will stay bricked

On OCTOBER 23 at 7PM, I'll be in DECATUR, presenting my novel THE BEZZLE at EAGLE EYE BOOKS.

There are few phrases in the modern lexicon more accursed than "software-based car," and yet, this is how the failed EV maker Fisker billed its products, which retailed for $40-70k in the few short years before the company collapsed, shut down its servers, and degraded all those "software-based cars":

https://insideevs.com/news/723669/fisker-inc-bankruptcy-chapter-11-official/

Fisker billed itself as a "capital light" manufacturer, meaning that it didn't particularly make anything – rather, it "designed" cars that other companies built, allowing Fisker to focus on "experience," which is where the "software-based car" comes in. Virtually every subsystem in a Fisker car needs (or rather, needed) to periodically connect with its servers, either for regular operations or diagnostics and repair, creating frequent problems with brakes, airbags, shifting, battery management, locking and unlocking the doors:

https://www.businessinsider.com/fisker-owners-worry-about-vehicles-working-bankruptcy-2024-4

Since Fisker's bankruptcy, people with even minor problems with their Fisker EVs have found themselves owning expensive, inert lumps of conflict minerals and auto-loan debt; as one Fisker owner described it, "It's literally a lawn ornament right now":

https://www.businessinsider.com/fisker-owners-describe-chaos-to-keep-cars-running-after-bankruptcy-2024-7

This is, in many ways, typical Internet-of-Shit nonsense, but it's compounded by Fisker's capital light, all-outsource model, which led to extremely unreliable vehicles that have been plagued by recalls. The bankrupt company has proposed that vehicle owners should have to pay cash for these recalls, in order to reserve the company's capital for its creditors – a plan that is clearly illegal:

https://www.veritaglobal.net/fisker/document/2411390241007000000000005

This isn't even the first time Fisker has done this! Ten years ago, founder Henrik Fisker started another EV company called Fisker Automotive, which went bankrupt in 2014, leaving the company's "Karma" (no, really) long-range EVs (which were unreliable and prone to bursting into flames) in limbo:

https://en.wikipedia.org/wiki/Fisker_Karma

Which raises the question: why did investors reward Fisker's initial incompetence by piling in for a second attempt? I think the answer lies in the very factor that has made Fisker's failure so hard on its customers: the "software-based car." Investors love the sound of a "software-based car" because they understand that a gadget that is connected to the cloud is ripe for rent-extraction, because with software comes a bundle of "IP rights" that let the company control its customers, critics and competitors:

https://locusmag.com/2020/09/cory-doctorow-ip/

A "software-based car" gets to mobilize the state to enforce its "IP," which allows it to force its customers to use authorized mechanics (who can, in turn, be price-gouged for licensing and diagnostic tools). "IP" can be used to shut down manufacturers of third party parts. "IP" allows manufacturers to revoke features that came with your car and charge you a monthly subscription fee for them. All sorts of features can be sold as downloadable content, and clawed back when title to the car changes hands, so that the new owners have to buy them again. "Software based cars" are easier to repo, making them perfect for the subprime auto-lending industry. And of course, "software-based cars" can gather much more surveillance data on drivers, which can be sold to sleazy, unregulated data-brokers:

https://pluralistic.net/2023/07/24/rent-to-pwn/#kitt-is-a-demon

Unsurprisingly, there's a large number of Fisker cars that never sold, which the bankruptcy estate is seeking a buyer for. For a minute there, it looked like they'd found one: American Lease, which was looking to acquire the deadstock Fiskers for use as leased fleet cars. But now that deal seems dead, because no one can figure out how to restart Fisker's servers, and these vehicles are bricks without server access:

https://techcrunch.com/2024/10/08/fisker-bankruptcy-hits-major-speed-bump-as-fleet-sale-is-now-in-question/

It's hard to say why the company's servers are so intransigent, but there's a clue in the chaotic way that the company wound down its affairs. The company's final days sound like a scene from the last days of the German Democratic Republic, with apparats from the failing state charging about in chaos, without any plans for keeping things running:

https://www.washingtonpost.com/opinions/2023/03/07/east-germany-stasi-surveillance-documents/

As it imploded, Fisker cycled through a string of Chief Financial officers, losing track of millions of dollars at a time:

https://techcrunch.com/2024/05/31/fisker-collapse-investigation-ev-ocean-suv-henrik-geeta/

When Fisker's landlord regained possession of its HQ, they found "complete disarray," including improperly stored drums of toxic waste:

https://techcrunch.com/2024/10/05/fiskers-hq-abandoned-in-complete-disarray-with-apparent-hazardous-waste-clay-models-left-behind/

And while Fisker's implosion is particularly messy, the fact that it landed in bankruptcy is entirely unexceptional. Most businesses fail (eventually) and most startups fail (quickly). Despite this, businesses – even those in heavily regulated sectors like automotive regulation – are allowed to design products and undertake operations that are not designed to outlast the (likely short-lived) company.

After the 2008 crisis and the collapse of financial institutions like Lehman Brothers, finance regulators acquired a renewed interest in succession planning. Lehman consisted of over 6,000 separate corporate entities, each one representing a bid to evade regulation and/or taxation. Unwinding that complex hairball took years, during which the entities that entrusted Lehman with their funds – pensions, charitable institutions, etc – were unable to access their money.

To avoid repeats of this catastrophe, regulators began to insist that banks produce "living wills" – plans for unwinding their affairs in the event of catastrophe. They had to undertake "stress tests" that simulated a wind-down as planned, both to make sure the plan worked and to estimate how long it would take to execute. Then banks were required to set aside sufficient capital to keep the lights on while the plan ran on.

This regulation has been indifferently enforced. Banks spent the intervening years insisting that they are capable of prudently self-regulating without all this interference, something they continue to insist upon even after the Silicon Valley Bank collapse:

https://pluralistic.net/2023/03/15/mon-dieu-les-guillotines/#ceci-nes-pas-une-bailout

The fact that the rules haven't been enforced tells us nothing about whether the rules would work if they were enforced. A string of high-profile bankruptcies of companies who had no succession plans and whose collapse stands to materially harm large numbers of people tells us that something has to be done about this.

Take 23andme, the creepy genomics company that enticed millions of people into sending them their genetic material (even if you aren't a 23andme customer, they probably have most of your genome, thanks to relatives who sent in cheek-swabs). 23andme is now bankrupt, and its bankruptcy estate is shopping for a buyer who'd like to commercially exploit all that juicy genetic data, even if that is to the detriment of the people it came from. What's more, the bankruptcy estate is refusing to destroy samples from people who want to opt out of this future sale:

https://bourniquelaw.com/2024/10/09/data-23-and-me/

On a smaller scale, there's Juicebox, a company that makes EV chargers, who are exiting the North American market and shutting down their servers, killing the advanced functionality that customers paid extra for when they chose a Juicebox product:

https://www.theverge.com/2024/10/2/24260316/juicebox-ev-chargers-enel-x-way-closing-discontinued-app

I actually owned a Juicebox, which ultimately caught fire and melted down, either due to a manufacturing defect or to the criminal ineptitude of Treeium, the worst solar installers in Southern California (or both):

https://pluralistic.net/2024/01/27/here-comes-the-sun-king/#sign-here

Projects like Juice Rescue are trying to reverse-engineer the Juicebox server infrastructure and build an alternative:

https://juice-rescue.org/

This would be much simpler if Juicebox's manufacturer, Enel X Way, had been required to file a living will that explained how its customers would go on enjoying their property when and if the company discontinued support, exited the market, or went bankrupt.

That might be a big lift for every little tech startup (though it would be superior than trying to get justice after the company fails). But in regulated sectors like automotive manufacture or genomic analysis, a regulation that says, "Either design your products and services to fail safely, or escrow enough cash to keep the lights on for the duration of an orderly wind-down in the event that you shut down" would be perfectly reasonable. Companies could make "software based cars" but the more "software based" the car was, the more funds they'd have to escrow to transition their servers when they shut down (and the lest capital they'd have to build the car).

Such a rule should be in addition to more muscular rules simply banning the most abusive practices, like the Oregon state Right to Repair bill, which bans the "parts pairing" that makes repairing a Fisker car so onerous:

https://www.theverge.com/2024/3/27/24097042/right-to-repair-law-oregon-sb1596-parts-pairing-tina-kotek-signed

Or the Illinois state biometric privacy law, which strictly limits the use of the kind of genomic data that 23andme collected:

https://www.ilga.gov/legislation/ilcs/ilcs3.asp?ActID=3004

Failing to take action on these abusive practices is dangerous – and not just to the people who get burned by them. Every time a genomics research project turns into a privacy nightmare, that salts the earth for future medical research, making it much harder to conduct population-scale research, which can be carried out in privacy-preserving ways, and which pays huge scientific dividends that we all benefit from:

https://pluralistic.net/2022/10/01/the-palantir-will-see-you-now/#public-private-partnership

Just as Fisker's outrageous ripoff will make life harder for good cleantech companies:

https://pluralistic.net/2024/06/26/unplanned-obsolescence/#better-micetraps

If people are convinced that new, climate-friendly tech is a cesspool of grift and extraction, it will punish those firms that are making routine, breathtaking, exciting (and extremely vital) breakthroughs:

https://www.euronews.com/green/2024/10/08/norways-national-football-stadium-has-the-worlds-largest-vertical-solar-roof-how-does-it-w

Tor Books as just published two new, free LITTLE BROTHER stories: VIGILANT, about creepy surveillance in distance education; and SPILL, about oil pipelines and indigenous landback.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/10/10/software-based-car/#based

[dertaglichedan]

EV Disaster: Fisker, Once Promoted by Joe Biden, Hits Bankruptcy Snag

Troubled electric vehicle company Fisker’s Chapter 11 bankruptcy proceedings have encountered a significant obstacle, as American Lease, the company set to purchase Fisker’s remaining fleet of SUVs, may back out of the deal due to technical issues.

TechCrunch reports that Fisker’s Chapter 11 bankruptcy process has hit a major snag. American Lease, a New York-based leasing company that agreed to purchase Fisker’s remaining fleet of over 3,000 electric Ocean SUVs, has filed an emergency objection to the liquidation plan. The objection stems from Fisker’s revelation that it may be unable to transfer crucial vehicle information to a new server not owned by the bankrupt company.

The purchase agreement between Fisker and American Lease, approved in July, has been a lifeline for the struggling EV startup. American Lease has already paid “tens of millions of dollars” to Fisker, enabling the company to fund its bankruptcy proceedings and settle debts. The funds have also been crucial in preparing Fisker to liquidate approximately $1 billion in assets that were previously under the control of an insolvent Austrian subsidiary.

Breitbart News previously reported on Joe Biden’s cozy relationship with Fisker:

In 2009, Biden promised that $529 million in new Department of Energy loan guarantees to Fisker Automotive to produce electric cars in Delaware would provide “billions of dollars in good, new jobs.” Four years later, Fisker filed for bankruptcy — without producing a single car in the U.S. As Breitbart News reported at the time, Fisker was granted the loan guarantees to produce a hybrid sports car called the “Karma” for the luxury auto market, with a price of $103,000. High-profile political figures lobbied for the deal. Fisker filed for bankruptcy failed in 2013 and taxpayers lost $139 million on the venture. Republicans noted: “The jobs that were promised never materialized and once again tax payers are on the hook for the administration’s reckless gamble.” Along with failed solar panel manufacturer Solyndra, Fisker was one of the highest-profile failures of the stimulus, which Biden oversaw, and which he has touted on the campaign trail as proof of his ability to handle America’s economic recovery.

[zvaigzdelasas]

The UAW and Stellantis have a tentative agreement, according to multiple sources with knowledge of the situation Saturday. The deal addresses a key issue for the union by adding a new product to the idled Belvidere Assembly Plant in Illinois, according to two of those sources, who were not authorized to speak about the deal. No details were immediately available. Other items in the agreement include wage increases equaling 25% over the life of the contract, a $5,000 ratification bonus and the ability for employees with at least one year of seniority to participate in a company new car lease program, according to sources. A text message to local union members indicated that 3,200 supplemental employees would be rolled over to permanent status within 90 days of ratification and that starting pay for supplemental workers would be $21 an hour.

The proposed labor agreement, which followed numerous meetings between union and company officials over the past week, leaves only General Motors without a tentative union agreement among the Detroit Three, 44 days after the union's strike began against the automakers. The agreement between Stellantis and the United Auto Workers union will need to be ratified by members before it can go into effect.

28 Oct 23

[bankingusa]

Fed bars former Santander Consumer executive over high-priced gifts

The Federal Reserve has banned a former Santander Consumer USA executive from the banking industry for improperly accepting high-priced gifts such as Super Bowl tickets and luxury hotel stays.

The former executive, Brent Huisman, “routinely solicited and accepted” gifts from auto auction companies that worked with Santander Consumer, the Fed said in an enforcement action made public Thursday. Huisman consented to the issuance of the order.

Huisman previously reached a settlement over the issue with Santander Consumer, which had sued him for accepting the gifts and for the misuse of confidential information. He had also agreed to pay $275,000 to Santander Consumer, the subprime U.S. auto lending affiliate of the Spanish banking giant Banco Santander.

Huisman accepted more than $1 million in gifts from auto auction companies, including Kentucky Derby tickets, first-class airfare and sponsorships for youth sports teams he coached, Dallas-based Santander Consumer said in its lawsuit.

Santander Consumer also alleged that Huisman and his wife used credit cards from an auction house that worked with Santander Consumer. The two used the cards to pay for sporting goods, airline tickets and a yacht rental in Cancun, the lawsuit said. The company said that it learned of the gifts after Huisman’s departure.

As the company’s senior director of asset remarketing, Huisman worked with auto auction companies to sell repossessed vehicles or cars that came off leasing arrangements.

He left Santander Consumer in June 2019, two months after asking staff to print confidential spreadsheets and presentations that contained company sales data and its fees with several vendors, the lawsuit said. He would later use those documents at an unnamed Santander Consumer competitor, according to the lawsuit.

The lawsuit said that Huisman’s conduct disrupted Santander Consumer’s business and harmed the company’s reputation and relationships with current and potential business partners.

Huisman’s lawyer did not respond to a request for comment. Santander Consumer declined to comment.

The Fed’s enforcement action prohibits Huisman from working for a bank without the central bank’s prior approval. Violations would open him up to further civil or criminal penalties.

[devotioncrater]

living in today's world is like:

you own nothing. everything you need to have in order to settle down and build a community is on borrowed, rented time. 13-month leases. 6-month leases. 1-month leases. how much is your next paycheck? can you budget its static against the rising wave of inflation? what if something unexpected befalls you? what if your landlord jacks up the rent again?

you own nothing, not even your mattress. pay it off in one-year, three-years, five-years. purchase a warranty subscription in case life happens. you don't want to depreciate the value of a company's property, do you? sleep on the mattress, eat on the mattress, have sex on the mattress. it still is not your mattress. the blood stains from your period are just a reminder of that monthly bill you pay for it. that's a form of rent.

you own nothing, not even a predictable budget. auto loan payment, auto + renter's insurance payment, phone bill, wifi bill, streaming service payment, subscriptions subscriptions subscriptions, student loan payment, credit payments, water bill, gas bill, taxes for social security when at this point it feels like the world will go into a nuclear holocaust before you can ever even retire, health insurance bill, supermarket receipts.

remember when clothes were made from fabrics that lasted years? remember when a phone didn't become obsolete three years after you purchased it? excuse me, sorry. correction. i meant to say after you signed a 36-month contract in which you pay for your phone as well as the accumulated interest. that's a form of rent.

you own nothing. nothing. nothing at all.

[evleasing]

The Rise of Vehicle Leasing in India: A Guide to Auto Leasing Services

Vehicle Leasing in India

As India embraces sustainable transportation, vehicle leasing is emerging as a viable and flexible solution for individuals and businesses. Whether you're an individual looking to reduce your carbon footprint or a company planning to optimize your fleet with electric options, auto leasing services offer a convenient and cost-effective way to access the latest vehicles. Here's a comprehensive guide to the benefits, options, and steps for vehicle leasing in India, focusing on Electric Vehicle 4-wheelers.

What is Vehicle Leasing?

Vehicle leasing is financing where individuals or businesses rent a car or other vehicle for a fixed period and at a predetermined cost. Unlike traditional car loans, leasing involves paying for the vehicle's usage over a specific period rather than its ownership. This can be highly beneficial, as it eliminates the hassle of long-term maintenance and allows easy upgrades to newer models.

Benefits of Vehicle Leasing Services

Cost-Effectiveness: Leasing reduces upfront costs compared to purchasing a vehicle. Leasing agreements typically involve lower down payments and EMIs, making it an affordable option for individuals and companies.

Flexible Terms: With auto leasing services, users can choose terms that best suit their needs, whether short-term or long-term. Many companies offer customized lease durations that fit different business models and personal requirements.

Access to New Technology: With shorter lease periods, users can frequently upgrade to newer models with the latest safety, comfort, and eco-friendly features. This is especially beneficial for those interested in electric vehicle four-wheelers, as they can keep up with advancements in EV technology.

Tax Benefits: Businesses can leverage tax benefits on leased vehicles, helping to reduce costs further. This is a crucial reason car leasing for companies is gaining popularity, particularly among companies with extensive fleets.

Reduced Maintenance Worries: Most car leasing companies in India offer maintenance packages as part of the lease, which reduces the burden of maintenance and repair costs on the lessee.

Types of Vehicle Leasing in India

Personal Leasing

Ideal for individuals looking to drive a vehicle without the commitment of ownership. Personal leasing is popular among city dwellers who prioritize convenience and lower costs over car ownership.

Corporate Leasing

Car leasing for companies is an excellent option for businesses that need a fleet without the administrative burden of ownership. This option provides companies with tax advantages and can save significantly on maintenance.

Electric Vehicle (EV) Leasing

As the popularity of electric vehicle four wheels increases, leasing EVs offers individuals and companies a sustainable and economical way to go green. EV leasing is particularly appealing as it allows lessees to avoid the high upfront cost of electric vehicles and enables easy access to ever-improving battery technology and range.

Top Car Leasing Companies in India

Several car leasing companies in India provide a range of services tailored to different needs:

Alt Mobility: Specializes in leasing electric vehicles, including four wheels, to support eco-friendly transportation. Alt Mobility is known for its commitment to sustainable solutions and offers competitive personal and corporate leasing packages.

Orix: One of the leading auto leasing companies with services across several cities. They provide flexible lease options and comprehensive fleet management for corporate clients.

LeasePlan: Known for its extensive fleet management experience, LeasePlan offers various lease packages and customized services for individuals and businesses.

Myles: This company is famous for short-term leasing options, making it ideal for those who need a vehicle for a limited period.

Why Choose Electric Vehicle Leasing?

The demand for electric four-wheelers is growing rapidly in India, driven by the government's initiatives towards cleaner mobility. Leasing an electric vehicle allows users to experience the benefits of EVs without the high initial investment. Moreover, with EV technology evolving quickly, leasing provides the flexibility to regularly upgrade to newer, more efficient models.

Critical Advantages of Leasing an EV:

Eco-Friendly: Reduced carbon emissions contribute positively to the environment.

Fuel Savings: Lower fuel and maintenance costs make EVs an economical choice.

Advanced Technology: Access to the latest EV models ensures optimal performance and range.

How to Lease a Car in India

Select a Leasing Provider: Research the car leasing companies in India to find a provider that matches your needs. Compare terms, fleet options, and additional services.

Choose Your Vehicle: Decide on the type of vehicle, whether a conventional fuel car or an Electric Vehicle 4-wheeler. Many companies now offer both options with various models to suit diverse requirements.

Review Lease Terms: Study the lease terms carefully, including the duration, monthly rental, mileage limits, and maintenance packages. This will help you avoid unexpected costs.

Documentation and Approval: Most providers require KYC documentation, financial records, and a credit check. The approval process is usually quick, allowing you to start driving within a few days.

Start Driving: Once approved, the vehicle will be delivered to your doorstep and ready to use without hassle.

Conclusion

With the rise of auto leasing services in India, more people and companies are finding the flexibility and convenience of vehicle leasing a viable alternative to purchasing. The growth of Electric Vehicle 4 Wheelers further adds to the appeal of leasing, offering sustainable options that align with India's vision for a greener future. Whether you're an individual seeking convenience or a business aiming for cost-effective fleet management, vehicle leasing is an innovative, sustainable choice in today's dynamic automotive landscape.

Address: A1/17, Ground Floor, near ICICI Bank, Nauroji Nagar, Safdarjung Enclave, New Delhi, 110029

sales@alt-mobility.com

9999303854

Tags - 

#Vehicle Leasing in India,  #Auto Leasing Services, #Vehicle Leasing Services,

#Car Leasing Services, #Car Leasing Companies in India, #Electric Vehicle 4 Wheeler,

#Auto Leasing Companies, #Car Leasing for Companies,

[claiborneart]

Interview with The Most Famous Face in The World

Todd Smalls is a reporter for the Daily Times; specialising in celebrity news, gossip, and marketing. Article originally posted on 6/16/96; last updated on 6/24/96

When Mr. Arno Dun opened his door to let me into his tiny downtown flat, up on the twelve story and with that last-century 'one-bedroom' antique layout, even I was starstruck.

I've done interviews with everyone from CEOs to world leaders to the faces of A-list actor-musicians, but this was The. Arno. Dun. I, like most of our readers, grew up seeing his face on every box of cereal, snack bar, every ad both at home and on the street.

The face of the The Most Likeable Man, whose likeness had been leased by a a tenth of all companies in existence, lived in an apartment that was not worth the price of one minute of his own face.

The first thing he said to me, he confessed, was that he couldn't afford his own likeness either.

"I kick myself every day for letting that clause stay in the contract," he told me. "I didn't realize at the time, or I thought, or hoped, that they weren't serious about not letting me use my own face for personal use."

The room we were sitting in was nice enough, well-lit, and with family photos on a nearby desktop. While the grown children in the group photos shared close resemblance with Dun, his face was, of course, notably absent.

"I spent half my royalty money buying an old cottage out in the middle of nowhere," Dun said. "but that just made everything worse. People looked at my face, and wouldn't leave me alone. Here, at least," he gestured out the window at the city around us, "there's more people to blend in with, so I don't stand out as much. plus, most people are using ARG or some other, so I can go shopping in peace, most days."

"And," he added, smiling wryly, "at least no one asks for a photo."

Q: what made you decide to sell your likeness?

A: it seemed like a lot of money for very little effort at the time, so of course I said yes immediately.

A: Wish I had a lawyer read the the contract before signing, now, but a part of me thinks if I had asked to change anything they would have just moved on to someone dumb to sign it at that first meeting. Hah! I guess I was that dumb*** (swears have been auto-omitted, courtesy of cleanAirBroadcasting™)

There had been thousands of people who had signed similar contracts, nearly every single one for far less money than he, but it didn't seem the right time to remind him of such info.

Q: but was it a good payout, once you add in royalties?

A: Royalties…..well, some years it was enough that I didn't need to work, or only needed to work part-time, but they expired at the 50-year mark….hah! When I was young I thought 50 years was impossibly far in the future, and that getting old was for other people. Now look at me.

I did.

It was interesting, after seeing over 50 years of pre-aging for various brand and demographic-nicheing needs, how the most famous face in the world had actually ended up looking. More frown lines, and a saggier neck.

Still, a face rated most appealling to Broad Demographic Marketing aged more gracefully than most could ever hope for.

Q: so you've worked other jobs then?

A: oh for sure, sure-- whatever I found, here and there. I used to like working with people, but with my limitations, it's made that rather difficult. Nowadays I work for ******* (company name has been auto-omitted, courtesy of cleanMarketRelavance™), which is hard work, for someone of my age, but what can you do?

Q: How do you feel about the alternate-face clause, over half a century into the contract?

A: I don't mind it most of the time, to be honest. It means I don't show up in the background of stranger's videos as myself, so at least I never go viral that way. But…

at this he paused.

A: I don't like it when I want to be in a photo. with my friends. with my family. I don't like seeing a stranger's face in the middle of them, instead of me.

[The banner image, which under usual contract compliance included an ai-generated random stand-in face, was edited to a pixelated mirage on 6/24/96, at the request of Mr. Dun.]

[theygender]

Last month, the FBI reportedly conducted an unannounced raid of Cortland Management, a major corporate landlord based in Atlanta. The surprise search appears to be part of a Department of Justice criminal investigation, first reported by Politico in March, into an alleged scheme among many corporate landlords to artificially increase rents through collusion. 

...

According to the lawsuit filed by the State of Arizona in February, landlords that are supposed to be in competition with each other "outsource daily pricing and ongoing revenue oversight" to RealPage. The company allegedly facilitates and encourages landlords to work cooperatively to increase rents. [In other words, to illegally collude.] An e-book produced by RealPage says that the company allows corporate landlords who are “technically competitors” to "work together . . . to make us all more successful in our pricing." RealPage bragged that landlords that use its software “continually outpace the market in good times and bad.” In other words, RealPage helps landlords charge higher rates than they would in a truly competitive market.

...

RealPage's former CEO revealed that participating landlords share "occupancy rates, rents charged for each unit and each floorplan, lease terms, amenities, move-in dates, and move-out dates."  After feeding in this highly-detailed information that would normally be kept proprietary, "landlords agree to outsource their pricing authority to RealPage—rather than competing with one another on price." RealPage even has a feature called "auto-pilot" that lets the software set rent prices without any human approval or intervention. 

...

RealPage employs "pricing advisors" who "meet with landlords to ensure that properties are implementing RealPage’s set rates." This is described by Arizona as "policing the conspiracy to make sure no one cheats by lowering prices and trying to gain market share." RealPage training materials, cited in the DC lawsuit, advise that landlords "should be compliant" with the software's pricing recommendations. The Arizona lawsuit claims that landlords "agree that if they fail to consistently implement RealPage’s set rates, their contract with RealPage will be terminated." Jeffrey Roper, who created the RealPage algorithm, explained that if "you have idiots undervaluing, it costs the whole system." 

...

According to the plaintiffs, landlords using RealPage "account for over 53% of the multifamily rental market in the Atlanta Submarket."

Greedflation is manifest.

[weareotto]

Otto Mobility DMCC Offers Flexible Long-Term Auto Leasing in Dubai

Otto Mobility DMCC offers hassle-free long term car lease dubai. Take advantage of flexible contracts, reasonable prices, and a large assortment of vehicles that are customized to meet your demands. Ideal for people and companies looking for affordability, dependability, and ease. Today, drive with assurance and adaptability! To know more - https://weareotto.com/

[extended-google-reviews]

Yugo University Club Review

Yugo College Park University Club · 4800 Berwyn House Rd, College Park, MD 20740

Google Review

Lease: 1 year, Studio Apartment ($1400) with parking ($100)

TLDR; If you can afford elsewhere I would highly recommend that. I lived in a studio for a year, it was what I paid for cheap rent in the area ($1500). Constant pest issues despite maintaining a clean apartment, and AC/HVAC system so old that there were periods of too much heat or too cold in the apartment. Front desk people seemed pretty nice overall. Living here is doable but you must be prepared.

Advice for future tenants

If you have to live here, here are some notes that helped me:

taking pictures/videos and documenting all damages upon move in, and state in damage inspection move-in form

keeping a super clean apartment

apply pest traps/spray/diatomaceous earth around apartment

ensure parking pass displayed in car (towing costs $175 minimum)

studio kitchens are really small, no counter space, and no ventilation

laundry is not free

submit maintenance tickets ASAP

bring a fan and warm blanket for periods of uncomfortable temperature

do not lose your key fob, and where key fobs hang from keys is weak and will break (replacement is $100)

have visitors park at the Seneca Building for free 4PM-7AM weekdays and free all weekend

visitor parking at the apartment is $10, whether overnight or not

bring earplugs/eyemask if sensitive to loud noises at night

Before Move In

I was not allowed to tour or inspect any other rooms than the model room. Even after signing the lease and knowing there were no residents in the room. They miscalculated many of my initial charges, and I would recommend double checking them yourself before paying anything.

Move In

Apartment was not cleaned well beforehand, recommend cleaning everything yourself first. Flies were everywhere. Weird marks, damages and other defects found everywhere in apartment. I documented them all and took video/photo evidence. They eventually did repair some of them, such as a broken door.

During

Constantly was finding flies, small roaches, and crickets in the beginning. I kept my apartment clean (washing dishes after every meal, not leaving food out, vacuuming twice a week) and the roaches and crickets slowly went away. Smaller flies seemed to always come out when cooking or eating. I also plugged sinks in kitchen and bathroom when I was not using them.

Bathtub and kitchen sink faucets were leaky or hard to stop water. Put a ticket in for it but the new faucets were only a little better. I was always wary of water leaking from these two sources.

Gas stove but no ventilation. If cooking meat you will set the fire alarm off if you do not open windows. No counter space, ended up using another table for cooking. Put in maintenance tickets about my dishwasher never being hooked up to the water line and plugged in, but was never fixed. Very small kitchen in studio apartment.

Thermostat seemed to do nothing. Two vents in my room had knobs that actually influenced temperature with off, low, medium, high fan settings. The off setting still has air coming out of vent. This is what causes periods of uncomfortable temperature. The building is old so the HVAC system can only be set to heat or AC, never both. Thus when it was warmer in the fall and the heat mode was on, the apartment was around 80+ degrees Fahrenheit despite both thermostat and vents being off.

Wifi speed was good, but weird that it was an open network. For security reasons, I used a VPN when possible.

Parking is $100/month, and parking pass must be shown in car windshield. Towing only checks is parking pass is present, nothing else. Got my car towed for putting parking pas away after auto maintenance and forgetting to put back on (despite having registered my vehicle for my parking space). ASAP picking up from towing company was $175.

Visitor parking was $10 per day, and didn't matter if visitor was staying overnight or not. I asked the front officed multiple times for confirmation. Free parking at the Seneca building or lot 11b on weekdays 4PM - 7AM and weekends all day.

Key fob was cheap and flimsy, and attachment to my keys broke within a few days. Recommend placing key fob in another container or holder. Replacement was $100.

Area was loud at times with unruly people at night. Sometimes residents are loud in the hallways as well. Not controllable by anyone by just a heads up. Bring earplugs and eye mask if it bothers you.

Laundry is not included in rent, and was roughly $3 for both wash and dry. Additionally, for many months the washer and dryer were broken.

Trash facilities are not great, and probably what is causing all the pest issues. I always took my trash to outside dumpster.

will update for Move Out, and anything else

[liberalfinanceguy]

Is India Heading towards economic slowdown ?

The Question everybody is asking in hush -hush manner.Markets are down 10% ,Auto Sales are down 20%,Nifty FIfty Companies Agregate Results are down by 6%.But ,Hey India is till the fastest Growing Major Economy .We still have the Govenrment Blowing the trumphets !! Well, thats Bane of Weaker Opposition and Boon of Noisy Democracy where the structural debates are lost in cacophany.

The World's Global GDP has Grown by only 2% on an average in 3rd Decade of 21st Century.World has just moved on from Pandemic into 2 Regional Wars.Protectionism and Rise of of demagogic leaders is getting normal.Maybe it has to do with Other Side of Capitalism which has led to number of issues such as growing divide of rich and poor,Abuse of Resources by handful of people and countries and lack of any specific Idealogy on which capitalism germinates on .

China's remarkable growth from the 1980s to 2000s was fueled by Deng Xiaoping's visionary structural reforms, which laid the groundwork for the country's rapid expansion in the 21st century, driven by globalization.China is not democracy ,reforms can be propelled from Up to bottom whereas India is Democratic Elephant where generations pass on between reforms are thought and put to practise.

India did the very first economic reforms in 1992-93 which paved the growth prospects for next 20 years.The next set of Reforms were done between 2016-2018 which has kept the Indian economy in steady state.However this reforms came late and were far and few.As Freeman Dyson suggested that World will change faster at an accerlerating Spead in 21st Century which means governance model and economic structures will have to be evaluted and rejiged at regular intervals .

Indian Economy in 2nd Quarter has slowed down due to number of reasons .However one the major structural long term reason which needs to form part of public discourse is Lack of Capital Formation and Lack of Private Investments.Govenement in last decade has carried the burden of Investments through Public spending on Infrastructure .Short Term reaons for current phase are as follows .

1.Government Spending has been low this year on account of Elections.

2.Election handouts such as populist programmes of Direct transfer of Money has made a dent on Govenement spending of various states.

3. The GECL loans, which were interest-free for the first year during the COVID-19 pandemic, have now completed their tenure, and this has significantly impacted MSMEs, eating away at their working capital.

4.Increased Rate of Interest for new loans and Increase in Taxes and compliances were major factors that has starting shown impact on demand side .

A decent Monsoon has not "rocked the boat" which means that there has been not a major lull in Rural demand which can be seen from Volume Growth in FMCG Results.

Short Term, We need Rate cuts and make sure demand is not stiflled .Monetary as well as Fiscal Intervention at this time is very apt to avoid playing catching up game later and falling into middle income group country.Govenment should look at non-revenue sources such as disvestment ,leasing land parcels to ease fiscal burden on citizens .

Long Term We need like Niti Aayog to have Accountability Aayog which every year along with Budget provides public documents on Major Spending of the Govenement .CAG works like Internal Auditor of the Governement .We need Statutory Auditor for the Govenement in True Sense whose details are Publicly Available .

Also,Long Term We need to establish new Institutions and strenthen existing ones.We are Creating lot of Public Infrastructure ,we need seperate Institutions to overlook its maintenance,making sure they remain economically viable and avoid white elephants like Jaipur Metro.

To Conclude ,Growth after World War II were far easier for Countries who adopted the countours of capitalism like Free economy ,international Trade,Law and order and Political Stability .Growth in 21st Century will be less easier due to Faster Technological Advancements,Increased Compeition among countries for Capital and Role of Social Media for Populist Propagandas.

India has Vision however it needs to make effective use of demographic dividend and avoid wasteful expenditures.