#car lease companies in india

[smasautoleasingindia]

The Ultimate Guide to Choosing the Right Car Leasing Company for Your Needs

Are you considering a car lease? It’s a smart financial move that offers flexibility, cost-effectiveness, and the opportunity to drive a new car regularly. However, choosing the right car leasing company can be overwhelming due to the various lease types and terms available. This guide will help you navigate the world of car leasing and find the perfect lease to suit your lifestyle and budget.

Understanding Car Leasing

A car lease is a rental agreement where you pay a monthly fee to drive a vehicle for a specific term. At the end of the lease, you return the car to the leasing company and can either upgrade to a new model or purchase the vehicle.

Types of Car Leases

Open-End Lease: The most common type offers flexibility at the end of the lease. You can return the car, purchase it, or refinance the remaining balance.

Closed-End Lease: This lease type has fixed terms and mileage limits. If you exceed the limit, you'll be charged extra.

Walk-Away Lease: A simplified version of a closed-end lease, offering even less flexibility at the end of the term.

Factors to Consider When Choosing a Lease

Let's commence by meticulously strategizing your monthly budget for the lease. Investigating additional expenses like insurance and fuel is crucial to ensure a comprehensive plan. Estimating your annual mileage is essential to avoid potential excess mileage charges. To optimize your decision, it's important to align your lease term with your long-term car ownership plans.

When choosing a car model, carefully consider your specific requirements and preferences to find the ideal fit for your lifestyle. While a down payment can lower monthly payments, it's not always obligatory. Lastly, it's essential to thoroughly understand your lease end options to make an informed decision confidently. We aim to ensure that your car leasing experience is seamless and enjoyable!

Tips for Choosing the Right Lease

When considering leasing a car, it's important to thoroughly research and compare lease offers from different car leasing companies. Be sure to carefully read the fine print of the lease agreement to fully understand the terms and conditions before committing.

Additionally, remember to factor insurance costs into your monthly budget. Feel free to negotiate the lease terms and price to ensure you get the best deal possible. And finally, maintaining your car properly is crucial as it can help to avoid excessive wear and tear charges at the end of the term of lease.

Benefits of Car Leasing

Consider the following benefits of leasing a car by car leasing company:

1. Lower Monthly Payments: When you lease a car, the monthly payments are typically lower than financing a car with a traditional auto loan, as you only pay for the vehicle's depreciation during the lease term.

2. Drive a New Car Regularly: Leasing allows you to frequently drive new vehicles with the latest technology, safety features, and styling. This means you can enjoy driving the newest models without the long-term commitment of ownership.

3. Simplified Budgeting: With a lease, you can anticipate and plan for consistent monthly payments throughout the lease period, making it easier to budget your transportation costs.

4. Tax Benefits: Depending on your circumstances, there may be tax advantages to leasing a car. Sometimes, you can deduct some lease payments using the vehicle for business purposes. Be sure to consult with a tax professional to get the specific implications of your situation.

Final Words

To make the most informed decision when choosing a car lease, take the time to assess your specific needs and preferences thoroughly. By doing so, you can select a car leasing company that aligns with your budget and offers the flexibility and driving experience you desire. Consider factors such as mileage limitations, lease duration, and additional fees to ensure you find the perfect balance of affordability, flexibility, and driving pleasure in your car lease.

[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.

[airplanefoodblackmarket]

So let me get this straight:

A car-carrier, a type of Cargo ship, owned by a British firm, flying a Bahamian flag, leased to a Japanese shipping company, sailing from Turkey to India, and crewed by Bulgarians, Filipinos, and Mexicans, was assaulted and hijacked by the Houthi rebels off the coast of Yemen (the country they illegally seized power over large swaths of after dispossessing the legitimate government). The Houthis have claimed this was a successful operating against an “Israeli” ship. The ship has no connection to Israel. And people on here are lauding them for this?

Even if this weren’t a despicable act of piracy, in blatant violation of international law, and even if they weren’t putting 22 completely innocent, completely unrelated-to-the-I/P-conflict crew members in grave danger, they can’t even pick their targets right! They basically just assaulted a completely random ship and fabricated an Israeli connection out of thin air! And people are cheering them?

We’ve truly gone round the bend on this. People have lost their minds. I weep for the future.

[vivekbsworld]

Explore Self-Drive Car Rentals in Kochi: Freedom on the Road

Kochi, with its blend of historical charm and modern attractions, is best explored at your own pace. Whether you’re a tourist wanting to visit every corner of this beautiful city or a resident needing a car for a short-term or long-term trip, self-drive car rentals in Kochi provide the ultimate freedom and flexibility. With a variety of vehicles to choose from and the convenience of driving on your terms, self drive car rentals in Kochi have become increasingly popular in this bustling city.

Why Choose Self-Drive Car Rentals in Kochi?

Complete Independence: With a self-drive rental, you are in control. You can decide where to go, when to go, and how long to stay at each location without worrying about a chauffeur’s schedule.

Cost-Effective: Self-drive rentals can be more economical compared to hiring a taxi or a cab for the entire day, especially for longer trips. You only pay for the car and fuel, without additional costs like driver fees.

Wide Range of Options: Whether you need a compact car for city driving, a spacious SUV for a family trip, or a luxury vehicle for a special occasion, self-drive rental companies in Kochi offer a wide range of vehicles to suit your needs.

Privacy: Driving yourself allows you to maintain your privacy during the journey. Whether you’re on a personal trip or a business visit, you can travel without the presence of a driver.

Explore Beyond the City: Kochi is surrounded by many beautiful destinations, from the backwaters of Alappuzha to the hill stations of Munnar. With a self-drive rental, you can easily extend your trip and explore these nearby attractions.

Popular Self-Drive Rental Services in Kochi

Zoomcar: A well-known name in the self-drive rental industry, Zoomcar offers a variety of vehicles, from hatchbacks to luxury cars. They provide flexible rental plans, including hourly, daily, and weekly options, making it convenient for different needs.

Myles Cars: Myles provides a seamless self-drive car rental experience with a wide range of cars. Their services are available through an easy-to-use app, and they offer doorstep delivery of the vehicle, making the process hassle-free.

Drivezy: Drivezy offers affordable self-drive car rentals in Kochi with a range of vehicles to choose from. They focus on providing a smooth rental process and often have deals and discounts available.

Rev: Revv is another popular self-drive car rental service in Kochi. They offer a subscription-based model, allowing you to rent cars for longer periods with added benefits. Their fleet includes everything from economy cars to premium vehicles.

IndusGo: IndusGo is a Kerala-based self-drive car rental service offering a variety of cars for rent. Known for their reliable customer service and wide network, they provide cars for both short and long-term rentals.

Avis India: Avis, a global brand in car rentals, also offers self-drive car rental services in Kochi. They provide a range of high-end cars and focus on delivering a premium rental experience with top-notch customer support.

Ola Drive: Ola, a well-known name in the ride-hailing industry, also offers self-drive car rentals in Kochi through Ola Drive. They provide a range of vehicles and competitive pricing, making it an attractive option for many.

Royal Rentals: A local service in Kochi, Royal Rentals specializes in providing self-drive cars for all types of needs, from daily rentals to long-term leases. They offer personalized service and a good selection of vehicles.

Types of Vehicles Available for Self-Drive Rentals

Hatchbacks: Perfect for city driving and short trips, hatchbacks like the Maruti Swift or Hyundai i20 are economical and easy to maneuver in traffic.

Sedans: For a more comfortable drive, especially on longer trips, sedans like the Honda City or Toyota Corolla offer a good balance of space and performance.

SUVs: If you’re planning a family trip or need a vehicle with more space and power, SUVs like the Mahindra XUV500 or Toyota Fortuner are excellent choices.

Luxury Cars: For special occasions or those who prefer to travel in style, luxury cars like the BMW 5 Series or Mercedes-Benz C-Class are available for rent.

Electric Vehicles: As eco-friendly options become more popular, some rental services offer electric vehicles like the Tata Nexon EV for those looking to reduce their carbon footprint.

Tips for Renting a Self-Drive Car in Kochi

Book in Advance: Especially during peak tourist seasons or festivals, self-drive cars can be in high demand. Booking early ensures you get the vehicle of your choice.

Check the Condition of the Car: Before driving off, inspect the car for any existing damages and ensure all features, like lights and air conditioning, are working properly. Taking pictures or videos can help avoid disputes later.

Understand the Rental Terms: Different companies have different policies regarding mileage limits, fuel charges, and insurance coverage. Make sure you understand all the terms before signing the agreement.

Carry Valid Documents: Ensure you have your driver’s license, ID proof, and any necessary rental documents with you at all times while driving the rental car.

Be Aware of Local Traffic Rules: Kochi’s traffic can be unpredictable, and local driving norms may differ from what you’re used to. Drive cautiously and be aware of speed limits and traffic signs.

Plan Your Routes: Whether you’re sticking to city roads or heading out for a longer trip, plan your routes in advance. This helps in avoiding traffic and reaching your destinations on time.

Return the Car on Time: To avoid extra charges, ensure you return the car within the agreed rental period. If you anticipate any delays, inform the rental company in advance.

Conclusion

Self-drive car rentals in Kochi offer an unmatched level of convenience and flexibility, allowing you to explore the city and its surroundings on your terms. Whether you’re a visitor or a resident, these services provide a range of vehicles to suit different needs and budgets. From compact cars for quick city trips to luxury vehicles for special occasions, you can find the perfect car for your journey.

By choosing a self-drive rental, you gain the freedom to create your own itinerary and enjoy the privacy and comfort of driving yourself. So the next time you’re in Kochi, consider renting a self-drive car and embark on a hassle-free adventure through this vibrant city.

[quiklyz]

Quiklyz Now Available in 5 More Cities for Vehicle Leasing and Subscriptions

Quiklyz extends vehicle leasing and subscription services

to 5 additional cities

Vehicles from leading OEMs including Mahindra, Maruti Suzuki, Hyundai, Tata Motors, Kia and other OEMs on offer

Attractive schemes both for personal and corporate customers

Quiklyz now spreads across 13 cities, pan India

Mumbai, 3rd March 2022: Quiklyz, the vehicle leasing and subscription platform of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), today announced expansion of its services in 5 additional cities. With this announcement, Quiklyz will be now available across 13 cities pan India.

The cities in which Quiklyz have started the service include Ahmedabad, Kolkata, Manesar, Faridabad and Ghaziabad. The company is planning to expand its presence in 30 cities over the next 3 months. Quiklyz earlier had launched its services in 8 metro cities including Bengaluru, Chennai, Delhi, Gurugram, Hyderabad, Mumbai, Noida, and Pune in November 2021.

Speaking on expansion in new geographies, Turra Mohammed, SVP & Business Head – Quiklyz commented. "We have seen very good traction since our launch both with our Retail subscription product through Quiklyz.com and our Corporate lease products. With shift in consumer mindset and more openness towards flexible vehicle ownership models, we are very excited to rapidly take Quiklyz across many more cities”.

‘Quiklyz’, a new-age digital platform aims to provide great convenience, flexibility and choice to customers across geographies. The company offers hassle free access to vehicle to its customers. . Quiklyz will be available to both retail and corporate customers. Under the corporate segment, it aims to offer services to and fleet operators, while in the retail segment the company will offer services to a wide range of customers, especially millennial mindset salaried and self-employed individuals.

Quiklyz currently has largest portfolio of electric vehicles (EVs) on its leasing and car subscription platform. The vehicles from leading OEMs including Mahindra, Tata Motors, Mercedes-Benz, MG, Audi, and Jaguar will be on offer for customers. Quiklyz’s value proposition for its customers include zero down payment schemes, range of subscription tenure options, only one fixed monthly fee, white number plate and RC in customer’s name, no resale or maintenance hassle, and more.

The customers can access various offerings and book their dream vehicle on Quiklyz.com. The website will facilitate extremely simple vehicle booking and delivery journey for the customer. Additionally, customers can also reach out to Quiklyz over email at quiklyz.service@mahindra.com or call 1800-209-7845 for support.

About Mahindra & Mahindra Financial Services Limited 

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.3 Million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,388 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country. 

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services. 

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country. 

Mahindra Finance CSR Foundation is a wholly-owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries. 

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Investment Management Private Limited to Manulife Investment Management (Singapore) Pte. Ltd., to form a 51:49 joint venture. 

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Trustee Private Limited to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US. 

Ideal Finance Limited (Ideal Finance) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. Ideal Finance focuses on providing a diversified suite of financial services to the Sri Lankan market. 

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.  

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

[vijukumar]

The Used Car Market: A Comprehensive Analysis

The global used car market has experienced remarkable growth in recent years, driven by various factors, including economic uncertainties, technological advancements, and shifting consumer preferences. As new car prices continue to rise, more consumers are turning to the used car market for affordable and reliable transportation options. This blog will delve into the current state of the used car market, analyzing its size, share, and growth. We will explore the key trends shaping the industry, the leading players dominating the market, the challenges that the market faces, and conclude with insights into future developments.

Market Size, Share, and Growth

The global used car market has seen substantial expansion, with its size estimated at approximately USD 1.5 trillion in 2023. This represents a compound annual growth rate (CAGR) of around 5.5% from 2018 to 2023. The market is expected to continue its upward trajectory, reaching an estimated USD 2 trillion by 2028, driven by increasing demand in emerging economies, digitalization, and a growing preference for certified pre-owned vehicles.

Regional Analysis: The used car market is geographically diverse, with North America and Europe leading in market share due to high car ownership rates and well-established automotive industries. North America accounted for approximately 40% of the global market share in 2023, followed closely by Europe with 30%. The Asia-Pacific region, however, is expected to be the fastest-growing market, with countries like China and India witnessing significant growth due to rising disposable incomes and an expanding middle class.

Segment Analysis: The market can be segmented into organized and unorganized sectors. The organized segment, which includes certified pre-owned vehicles sold by franchised dealerships, is gaining traction due to the increasing consumer trust in quality and after-sales service. In contrast, the unorganized sector, comprising individual sellers and small dealerships, still holds a considerable share, particularly in developing regions.

Market Trends

Several key trends are shaping the used car market, reflecting broader shifts in consumer behavior, technological innovation, and regulatory changes.

1. Digitalization and Online Platforms: The digital revolution has profoundly impacted the used car market, with online platforms becoming increasingly popular for buying and selling vehicles. Companies like Carvana, Vroom, and AutoTrader have revolutionized the market by offering consumers a convenient and transparent way to purchase vehicles online. These platforms provide detailed vehicle histories, virtual tours, and even doorstep delivery, making the buying process seamless and trustworthy.

2. Increased Demand for Certified Pre-Owned Vehicles: Consumers are increasingly gravitating towards certified pre-owned (CPO) vehicles, which offer a balance between cost savings and quality assurance. CPO programs, typically offered by manufacturers, provide extended warranties, rigorous inspections, and after-sales support, making them an attractive option for buyers seeking reliability without the premium price of new cars.

3. Sustainability and the Rise of Electric Vehicles (EVs): Environmental concerns and stringent emission regulations are driving demand for used electric vehicles (EVs). As the EV market matures, more second-hand electric cars are entering the market, providing consumers with affordable options to adopt greener transportation. This trend is particularly evident in regions with strong EV incentives, such as Europe and North America.

4. Shift Towards Financing and Leasing: The used car market is witnessing a shift from outright purchases to financing and leasing options. Financial institutions and dealerships are offering attractive financing packages, making it easier for consumers to afford higher-quality used cars. Leasing options are also gaining popularity, allowing consumers to drive premium vehicles with lower monthly payments.

5. Market Consolidation and Expansion of Organized Players: The used car market is undergoing consolidation, with large, organized players expanding their market presence. Companies like CarMax and Penske Automotive Group are acquiring smaller dealerships and expanding their online platforms, increasing their market share and driving the shift towards a more organized and transparent market structure.

Key Market Players and Market Share

The used car market is highly fragmented, with a mix of large, organized players and numerous smaller, independent dealerships. Some of the key players in the global used car market include:

1. CarMax, Inc.: CarMax is one of the largest used car retailers in the United States, with a market share of approximately 7% in 2023. The company operates a vast network of physical stores and an online platform, offering a wide range of vehicles, financing options, and a well-regarded CPO program.

2. Carvana Co.: Known for its innovative online car-buying platform, Carvana has rapidly expanded its market presence, capturing around 4% of the U.S. used car market. The company's unique business model, which includes nationwide vehicle delivery and a seven-day return policy, has resonated with tech-savvy consumers.

3. AutoNation, Inc.: AutoNation is another major player in the U.S. market, with a significant presence in both new and used car sales. The company's used car segment accounted for approximately 5% of the market in 2023, bolstered by its extensive dealership network and CPO offerings.

4. Cox Automotive, Inc.: As the parent company of AutoTrader, Kelley Blue Book, and Manheim, Cox Automotive plays a pivotal role in the used car market, particularly in the wholesale and online segments. The company's platforms facilitate transactions between buyers and sellers, contributing to its substantial influence on market dynamics.

5. Group 1 Automotive, Inc.: Group 1 Automotive is a leading automotive retailer with a strong presence in the U.S. and international markets. The company has been expanding its used car operations, focusing on digital sales channels and CPO programs, capturing around 3% of the market.

Market Challenges

Despite the growth and opportunities in the used car market, several challenges could impede its expansion.

1. Economic Uncertainty: The used car market is sensitive to economic fluctuations. During economic downturns, consumers may delay vehicle purchases, leading to decreased demand. Additionally, rising interest rates can make financing more expensive, reducing consumers' purchasing power.

2. Regulatory Compliance and Emission Standards: Stricter emission regulations, particularly in Europe and North America, are affecting the availability of certain used vehicles. Older cars with higher emissions are becoming less desirable, and in some cases, they are being phased out entirely. This shift towards more environmentally friendly vehicles poses challenges for sellers of older, less efficient cars.

3. Supply Chain Disruptions: The global automotive industry has faced significant supply chain disruptions in recent years, affecting the availability of both new and used vehicles. Semiconductor shortages, in particular, have led to reduced new car production, indirectly impacting the supply of used cars as well.

4. Competition from New Cars: While the used car market is growing, it still faces competition from the new car market. Manufacturers are offering aggressive incentives and financing deals on new vehicles, making them more accessible to consumers. This competition could limit the growth potential of the used car market, particularly in regions with strong economic growth.

5. Consumer Trust and Transparency: Trust remains a critical issue in the used car market, particularly in the unorganized sector. Consumers are often wary of the condition and history of used vehicles, leading to hesitation in making purchases. Organized players are addressing this challenge through CPO programs and online platforms that offer greater transparency, but the issue persists in less regulated markets.

Conclusion The global used car market is poised for continued growth, driven by economic factors, digitalization, and changing consumer preferences. As the market evolves, key players are expanding their influence through consolidation and technological innovation, while consumers increasingly demand transparency, quality, and sustainability in their vehicle choices. However, the market also faces significant challenges, including economic uncertainties, regulatory pressures, and competition from new cars.

[industrynewsupdates]

Credit Bureau Services Procurement Intelligence: Key Trends and Insights

The credit bureau services market is expected to grow at a CAGR of 12.6% from 2024 to 2030. The market for credit bureaus is expected to grow in the next few years due to the rising demand for credit cards. Credit card benefits, such as unlimited reward points with usage, insurance protection, discounts, and cashback, help increase credit scores. Further, credit card issuers provide credit bureaus with details about cardholder activity that help them confirm each customer's credit ratings, which serve as the foundation for loan applications.

As per the U.S. Federal Reserve Bank report, 82% of adults had a credit card in 2023, and 36% of adults applied for some type of credit in 2023. The adults with a minimum income of USD 100,000 held a credit card in the U.S. in 2023. The rate of credit card applications remained robust throughout 2023 in the U.S.; it reached 29% in October 2023. Due to these factors, the usage of credit cards has increased, which in turn has led to an expansion in the market for credit bureaus.

A credit bureau acquires and maintains track of a variety of credit-related insights on users and organizations, such as loans taken, overdraft facilities, and credit card usage. Increasingly, credit bureaus are partnering or collaborating with fintech companies to provide custom data analytics due to increasing demand for credit from new-to-credit (NTC) consumers. For instance, in 2023, credit bureaus witnessed more pronounced changes in the consumer credit market. As per the TransUnion report, the demand for auto and home equity loans has been steadily increasing since 2023. However, with increasing preference for credit products, the delinquency levels for personal loans and credit cards also rose in 2023.

According to TransUnion’s 2023 Consumer Pulse study, 26% of Americans planned to seek a credit instrument in 2024. Of those, 53% wanted a credit card, 23% wanted a car lease or loan and 22% wanted a personal loan. Credit limits increased by 26% in 2023, as per Equifax estimates. The share of NTC customers dropped from 17% in September 2022 to 14% in September 2023. Despite this drop, consumption-led demand continues to drive the demand for credit globally. In India, between July to September 2023, in the MSME sector, NTC customers accounted for 46% of the credit demand. They are expected to drive growth notably.

The North American region accounts for the largest category share due to an increase in the number of people looking for credit products like loans and credit cards amidst rising consumer awareness of the importance of maintaining a good credit score and routinely checking credit reports. In most places, there are primarily three major credit bureaus in the world - Equifax, Experian, and TransUnion. However, a few medium-sized private credit bureaus are also present in a few countries apart from these three giant players.

Order your copy of the Credit Bureau Services Procurement Intelligence Report, 2024 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Companies are concentrating their efforts on introducing cutting-edge technologies to strengthen their position in the industry. Blockchain technology enables instantaneous and transparent transaction initiation and execution amongst many parties. For instance:

• In May 2024, Equifax collaborated with the commerce platform, VTEX, to help prevent fraud for merchants worldwide. VTEX’s platform will utilize Equifax’s robust fraud prevention and detection capabilities and “Kount Payment Fraud” solution in this partnership. This will help both B2C and B2B merchants secure their business while providing enhanced customer solutions.

• In March 2024, TransUnion introduced its new platform called “OneTru” for managing, analyzing and providing data-related insights about customers. The platform unifies separate data and analytical resources designed for fraud prevention, credit risk, and marketing and then consolidates them into a single unified integrated layer. This strategy enables TransUnion to provide a more accurate, comprehensive and compliant picture of customers, regardless of the use case.

Credit bureaus possess high bargaining power primarily due to their unique position as information aggregators and providers in the financial landscape. They collect and maintain detailed credit histories of individuals and businesses, which are crucial for lenders and other financial institutions to assess creditworthiness. This information asymmetry gives credit bureaus significant leverage when negotiating with clients, including banks, credit card companies, and other financial entities. Additionally, regulatory barriers and limited competition in the industry contribute to their strong bargaining position. As a result, credit bureaus can influence market dynamics and often dictate terms that favor their interests.

The credit bureau services industry is highly consolidated in nature. Globally, more than 50% - 60% of the market is dominated by three players - Experian, Equifax, and TransUnion. The concentrated industry structure of credit bureau services can be attributed to several factors. First, the nature of the industry requires a high level of trust, accuracy, and regulatory compliance. This leads to a preference for established players with proven track records. Additionally, the entry barriers are relatively high due to the complexity of the services, the need for extensive data management systems, and the regulatory environment. As a result, a few dominant players tend to dominate the market, creating a concentrated industry structure.

The major cost components are salaries of professionals, IT and infrastructure, operational and administrative expenses, legal and marketing. Credit bureaus and IT technology play a vital role in maintaining accurate and efficient credit reporting systems. The importance of investing in IT technology lies in its ability to streamline processes, reduce errors, and enhance security measures. This, in turn, ensures that consumers receive fair credit assessments and financial institutions can make informed decisions. While the cost of implementing and updating IT systems may be significant, the benefits of improved data management, faster access to information, and better risk management far outweigh the expenses.

The category is based on a subscription pricing model, where a full report can be generated with credit scores depending upon the subscription period. The subscription plan could be for one year, 6 months, monthly, or one time as per company requirement. For instance, TransUnion CIBIL, an India-based credit information company, charges Rs 550 for credit report with a credit score. The element affecting the cost structure for credit bureau services is labor cost and software cost used in this industry. Credit bureau services come with various features, such as identity theft insurance and card activity alerts which require investment in software and acquiring labor.

Countries such as the United States, Canada, the United Kingdom, India, and Australia are preferred business destinations for these services. People in these countries give significant importance to credit scores which determine their financial competency and self-esteem. One of the essential sourcing practices for this category is engaging and negotiating with more than one supplier to acquire a holistic package of services. For instance, different credit bureau companies are providing a different set of services with credit report services. Experian can provide services such as credit scores and reports along with offering loans. In contrast, CRIF High Mark can offer credit scores and reports along with analytics services such as the deduplication platform. Therefore, businesses are required to negotiate and source the appropriate suppliers to get a whole sum report at affordable prices. Other sourcing practices considered in the category are competitor pricing strategies evaluation and payment terms.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Payment Processing Solutions Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Cash-in-Transit Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Credit Bureau Services Procurement Intelligence Report Scope

• Growth Rate: CAGR of 12.6% from 2024 to 2030

• Pricing growth Outlook: 3% - 5% (Annually)

• Pricing Models: Subscription pricing model

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Individual and Commercial Credit Report Services, Microfinance Credit Information Report, Credit Report Verification Services, Additional services (Loan Report, Score Simulator, Membership Access), operational capabilities and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies 

• CRIF High Mark Credit Information Services Pvt. Ltd

• Equifax Inc., Experian PLC

• Innovis (CBC Companies)

• TransUnion LLC

• Credit Bureau Malaysia Sdn. Bhd.

• Qatar Credit Bureau

• The Saudi Credit Bureau (SIMAH)

• Credit Bureau Singapore

• National Credit Bureau Company Limited (Credit Bureau)

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[abhiramiabii]

Exploring Cochin Car Rental Services: Latest Updates and Offerings

Cochin, also known as Kochi, is a vibrant city on the southwest coast of India, famous for its rich cultural heritage, scenic beauty, and bustling economy. For travelers and residents alike, having access to reliable and convenient transportation is essential. Cochin car rental services offer a versatile solution, catering to diverse needs from business trips to leisurely explorations. In this blog, we will delve into the latest updates and services offered by car rental companies in Cochin, ensuring you have all the information needed to make an informed choice for your travel needs.

Why Choose Car Rental Services in Cochin?

Car rental services in Cochin provide numerous benefits, making them an attractive option for both tourists and locals:

Flexibility: Renting a car offers the freedom to explore the city and its surroundings at your own pace.

Convenience: With a rental car, you can easily access remote areas and tourist attractions without relying on public transportation.

Comfort: Modern rental cars are equipped with amenities that ensure a comfortable and enjoyable ride.

Cost-Effective: For longer stays or multiple trips, renting a car can be more economical than using taxis or ride-sharing services.

Latest Updates in Cochin Car Rental Services

The car rental industry in Cochin is continuously evolving to meet the changing needs of customers. Here are some of the latest updates:

Online Booking and ReservationsMany car rental companies in Cochin now offer user-friendly online booking platforms. Customers can browse available vehicles, compare prices, and make reservations with just a few clicks. This convenience saves time and ensures that you secure your preferred car in advance.

Contactless ServicesIn response to the COVID-19 pandemic, car rental companies have implemented contactless services. This includes online payment options, digital documentation, and contactless key exchanges to ensure the safety and health of customers.

Diverse Fleet OptionsCar rental services in Cochin have expanded their fleets to include a wide range of vehicles. Whether you need a compact car for city driving, an SUV for family trips, or a luxury vehicle for a special occasion, there is a car to meet every requirement.

Eco-Friendly VehiclesWith growing environmental awareness, many rental companies are adding eco-friendly vehicles to their fleets. Hybrid and electric cars are now available, allowing customers to reduce their carbon footprint while enjoying modern amenities.

24/7 Customer SupportTo enhance customer satisfaction, many car rental companies now offer 24/7 customer support. This ensures that any issues or queries can be addressed promptly, providing a seamless rental experience.

Flexible Rental PackagesCar rental services in Cochin offer flexible rental packages to suit different needs. Whether you need a car for a few hours, a day, a week, or even longer, there are rental options available. Special packages for corporate clients, wedding rentals, and long-term leases are also offered.

Key Services Offered by Cochin Car Rental Companies

Cochin car rental companies provide a comprehensive range of services to cater to various customer needs:

Airport TransfersReliable airport transfer services ensure that you can travel to and from Cochin International Airport with ease. Pre-booked cars guarantee timely pickups and drop-offs, avoiding any travel-related stress.

Chauffeur ServicesFor those who prefer to be driven, chauffeur services are available. Professional and courteous drivers ensure a comfortable and hassle-free journey, allowing you to relax and enjoy the ride.

Self-Drive RentalsSelf-drive rental options give you the freedom to explore Cochin at your own pace. With various vehicles to choose from, you can find the perfect car for your travel plans.

Corporate RentalsCorporate clients can benefit from specialized rental packages tailored to business needs. These packages often include perks like dedicated account managers, customized billing, and priority support.

Wedding Car RentalsMake your special day even more memorable with a luxury wedding car. Rental companies offer a range of high-end vehicles, complete with professional decoration services, to ensure a grand entrance on your wedding day.

Long-Term RentalsFor extended stays or frequent travelers, long-term rental options provide a cost-effective and convenient solution. These rentals come with flexible terms and conditions, making it easy to manage transportation needs over a longer period.

Top Car Rental Companies in Cochin

Several reputable car rental companies operate in Cochin, each offering unique services and benefits:

ZoomcarOverview: Zoomcar is a popular choice for self-drive rentals, offering a wide range of vehicles and convenient online booking. They provide flexible rental durations and comprehensive insurance coverage.Services:

Self-drive rentals

Online booking and payment

24/7 customer support

Wide range of vehicle options

Avis IndiaOverview: Avis India is known for its premium car rental services, including both self-drive and chauffeur-driven options. They cater to corporate clients and offer long-term rental solutions.Services:

Self-drive and chauffeur-driven rentals

Airport transfers

Corporate rental packages

Luxury and premium vehicles

Savaari Car RentalsOverview: Savaari offers a range of rental services, including airport transfers, outstation trips, and local sightseeing. Their well-maintained fleet and professional drivers ensure a comfortable journey.Services:

Chauffeur-driven rentals

Airport transfers

Outstation trips

Local sightseeing packages

IndusGoOverview: IndusGo specializes in self-drive rentals with a variety of vehicles to choose from. They offer flexible rental plans and competitive pricing, making them a popular choice for both locals and tourists.Services:

Self-drive rentals

Online booking

Flexible rental durations

Competitive pricing

Tips for Choosing the Right Car Rental Service

Read Reviews and Ratings: Check online reviews and ratings to gauge the reliability and quality of the rental service.

Compare Prices: Compare prices from different rental companies to ensure you get the best deal.

Inspect the Vehicle: Before finalizing your rental, inspect the vehicle to ensure it is in good condition and meets your needs.

Understand the Terms: Read the rental agreement carefully to understand the terms and conditions, including insurance coverage and any additional charges.

Check for Hidden Costs: Ensure there are no hidden costs or fees that could inflate the overall rental price.

Conclusion

Cochin car rental services offer a convenient and flexible solution for all your transportation needs. With the latest updates and a wide range of services, these companies ensure a comfortable and enjoyable travel experience. Whether you need a car for a business trip, a wedding, or a leisurely exploration of the city, choosing the right rental service can make all the difference. By staying informed and considering key factors, you can find the perfect car rental service to suit your needs in Cochin.

[southgatetravels]

Premium Car Rentals in Kochi: Discover the Best Luxury Car Services

Kochi, also known as Cochin, is a vibrant city on the southwestern coast of India, famous for its rich history, cultural heritage, and scenic beauty. Whether you're visiting for business or leisure, renting a premium car can significantly enhance your experience, offering comfort, style, and convenience. Here’s a detailed guide to the best Premium Car Rentals in kochi that cater to the needs of discerning travelers.

1. Kochi Luxury Rentals

Overview: Kochi Luxury Rentals is a leading provider of premium car rental services in the city. Known for its extensive fleet and exceptional customer service, the company offers a range of luxury vehicles to suit various preferences and requirements.

Fleet:

Mercedes-Benz E-Class

BMW 5 Series

Audi A6

Jaguar XF

Services:

Chauffeur-driven rentals

Self-drive options

Wedding car rentals

Airport transfers

Highlights: Kochi Luxury Rentals is highly regarded for its punctuality and professionalism. Their well-maintained fleet ensures a smooth and comfortable ride, making them a preferred choice for both corporate clients and tourists.

2. Royal Drive Kochi

Overview: Royal Drive Kochi specializes in high-end luxury cars, providing an exquisite travel experience for their clients. With a focus on luxury and performance, they offer some of the most sought-after vehicles.

Fleet:

Ferrari California

Lamborghini Huracan

Porsche 911

Maserati Quattroporte

Services:

Self-drive luxury rentals

Chauffeur services

Special event rentals

Customized packages

Highlights: This company stands out for its exceptional fleet of exotic cars, perfect for those looking to make a grand entrance or enjoy a thrilling drive through Kochi’s scenic routes.

3. Elite Car Rentals Kochi

Overview: Elite Car Rentals Kochi offers a blend of comfort, style, and affordability. They have a diverse fleet catering to both corporate clients and tourists who wish to travel in style without breaking the bank.

Fleet:

Audi A6

BMW 3 Series

Mercedes-Benz C-Class

Volvo S90

Services:

Airport pick-up and drop-off

Corporate rentals

Wedding and event transportation

Long-term leasing

Highlights: Their competitive pricing and flexible rental plans make Elite Car Rentals Kochi a popular choice for those seeking luxury without compromising on budget.

4. Executive Ride Kochi

Overview: Executive Ride Kochi prides itself on providing executive-level service and a premium fleet of luxury vehicles. They cater to high-profile clients, ensuring privacy and exclusivity.

Fleet:

Range Rover Vogue

Mercedes-Benz GLS

BMW X7

Audi Q7

Services:

VIP chauffeur services

Business travel solutions

Customized tours

Event transportation

Highlights: Executive Ride Kochi is known for its discreet and professional service, making it ideal for business executives and VIPs.

5. Classic Car Rentals Kochi

Overview: Classic Car Rentals Kochi combines classic charm with modern luxury. They offer a curated selection of classic and contemporary luxury cars, appealing to enthusiasts and connoisseurs.

Fleet:

Rolls-Royce Phantom

Bentley Continental GT

Classic Mercedes-Benz 300SL

Vintage Jaguar E-Type

Services:

Vintage car rentals

Chauffeur-driven services

Wedding and event cars

Photo shoot rentals

Highlights: Their unique collection of classic cars adds a nostalgic touch to any event, making them a popular choice for weddings and special occasions.

Conclusion

Exploring Kochi in a premium car adds an extra layer of comfort and style to your journey. Whether you’re in the city for business, a special occasion, or simply to soak in the beauty of the region, these top premium car rental companies in Kochi offer a range of vehicles and services to meet your needs. From high-performance sports cars to elegant executive sedans, there's a perfect ride waiting for you. So, indulge in a luxurious travel experience and make your visit to Kochi truly unforgettable.

[trendingreportz]

Fleet Management Software Market - Forecast(2024 - 2030)

Fleet Management Software Market Overview

Fleet Management Software Market size is estimated to reach $94.5 billion by 2030

, growing at a CAGR of 19.4%

 during the forecast period 2024-2030

. The Fleet Management Software solution provides authentic actionable data to aid automate fleet operations. To keep vehicles and other associated features performing smoothly, a fleet management solution offers data-based insights regarding safety, vehicle tracking, operations Management, passenger cars, and others. The significant transformation in the fleet management sector owing to digitalization, platformization and data-driven business models has driven the Fleet Management Software Industry. The rising adoption of Telematics software and hardware, enables fleet operators to seek complete fleet management lifecycle, starting from asset tracking, data capture, maintenance & repair to driver safety. Moreover, the emergence of the Fleet IoT market offers optimum and seamless connectedness across various assets, vehicles as well as mobile workforce management solutions to stream smart mobility

 solutions. In addition to that, demand for location-based asset tracking solutions across warehouses and the overall supply chain hub are some of the factors that will drive the Fleet Management Software Market.

Additionally, sustainability and environmental concerns have led to the adoption of eco-friendly practices and the integration of electric vehicles into fleets. Cybersecurity has emerged as a critical focus area, with companies investing in robust security measures to protect sensitive fleet data from cyber threats. Overall, the Fleet Management Software Market continues to evolve, driven by technological innovations and the pursuit of operational efficiency, safety, and sustainability in fleet management practices.Fleet Management Software Market Report Coverage

The report: “Fleet Management Software Market

” – Forecast (2024-2030)”, by IndustryARC 

covers an in-depth analysis of the following segments of the Fleet Management Software Market.By Deployment

: Cloud Based, On Premises and HybridBy Offerings

: Operation Management, Asset Management, Driver Management, Fuel management, Vehicle Maintenance & Leasing, Security and safety features , OthersBy End Users

: Power, Automotive, Mining, Oil and Gas, Aerospace and Defense, Utility, Logistics and Transportation and othersBy Geography

: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle east and Africa)

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Key Takeaways

• The rising boom in e-commerce has accelerated the demand for effective operation of the logistic sector, which drives the growth of the Fleet Management Software Market.

• The demand for autonomous driving cars and Electric vehicles has grown exponentially, which drives the Fleet Management Software Market growth

• North America dominated the fleet management software market with a share of more than 41% in 2023, followed by Europe owing to the significant adoption of asset tracking devices across several end-verticals.Fleet Management Software Market Segment Analysis - By Deployment Types

By Deployment Types, the Fleet Management Software Market is segmented into Cloud Based, On Premises and Hybrid. The Cloud based segment is analyzed to register the highest share of 54% in 2023 due to the growing demand for operational efficiencies and to manage rising fuel prices, which needs innovative monitoring systems. In January 2022, Exide Technologies unveiled a cutting-edge cloud-based fleet management tool, Motion+ Fleet, designed to optimize warehouse operations by providing real-time data insights. This software empowers warehouse managers to enhance efficiency, maximize productivity, and streamline logistics operations. Therefore, the demand for smart fuel management program, enhanced mobility of passenger cars and other respective factors are accelerating the growth of the Fleet Management Software Market.

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Fleet Management Software Market Segment Analysis - By End Users

The Logistics and Transportation is analyzed to register the highest share of 56.4% in 2023 due to the growing demand of global trade activities, rapid E-commerce sectors surge and the emergence of cloud-based technologies for smart transportation. According to the Government of India report, Indian national and state highways account for a little over 5% of all road length but are responsible for more than 61% of traffic fatalities. Millions of cars drive through these roads every day, either managing the movement of goods exceeding a billion dollars or being used by industries like mining, construction, transport, and even public services. Rising cases of road accidents are anticipated to drive growth during the projected period. The augmentation of IoT solutions and developing connected networks are boosting the market growth. The technological innovations, advanced cellular System and various connected networks feasibility are contributing to the growth of the Fleet Management Software Market.Fleet Management Software Market Segment Analysis - By Geography

North America dominated the Fleet Management Software Market in 2023 with a share of 41.3%, followed by Europe owing to the significant adoption of asset tracking devices across several end-verticals. Moreover, the paradigm transformation to e-commerce from traditional retail stores has driven the demand for robust logistics support, thereby, accelerating the growth of Fleet Management Software Market. In October 2023, Volvo Trucks unveils Volvo Connect, an all-in-one fleet management portal offering digital services, analytics, and reports for enhanced fleet performance. This comprehensive solution streamlines operations, providing fleets with real-time insights and tools to optimize profitability and efficiency. Asia Pacific is estimated to witness the fastest growing market for the forecast period owing to the emerging competitive landscape, growing connected solution offerings and high demand of online shopping platforms. Hence, these market growth opportunities and performance across the telematics industry are contributing positively to the Fleet Management Software Market.

Fleet Management Software Market DriversRapid growth of e-commerce

The exponential rise of omnichannel shopping sectors for easy online shopping experience has influenced the supply and logistics sectors highly to adopt advanced IoT solutions, such as alarm systems, asset trackers, critical and complex fleet management software to meet the rising demand. In September 2022, Ford Pro™ introduced a comprehensive fleet management suite, streamlining operations with software solutions. This suite aims to simplify paperwork and data management for businesses, offering tools for fleet health monitoring, driver behavior analysis, and cost optimization. The logistic industry is completely based on the transformation of products to any part of the globe and thus, any interruption can cause disruption of performance. The rising boom in e-commerce has accelerated the demand for effective operation of the logistic sector, which drives the growth of the Fleet Management Software Market.

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Rising demand of connected cars and EV-vehicles

In recent years, the demand for autonomous driving cars and Electric vehicles has grown exponentially. Hence, the rising demand of connected cars and EV-vehicles across the globe is accelerating the growth of Fleet Management Software Market to aim improved driver performance, remote fleet management access and real-time communication. More customers are inclined to buy ADAS enabled vehicles due to massive safety features, onboard connectivity and sensors and greener version of driving experience. In May 2023, Inseego launches new support portal to enhance fleet customer experience. Inseego's new support portal enhances fleet customer experience by simplifying request resolution. Fleet users create tickets for instant allocation to specialists, enabling efficient tracking. Therefore, the adoption of fleet management software solution owing to the several advantages are the factors that drive the growth of Fleet Management Software Market. Fleet Management Software Market ChallengesBudget constraint for installing high-scale fleet software

To meet the growing demands in the logistic industry, the operators are trying to leverage more advanced fleet solutions like cloud-based software to manage wide-area coverage for better operation management. However, the tracking and follow-up of the fleet requires top standalone application or software-as-a-service solution, which is high-priced to prevent risk of cyber security and unauthorized access to the system. These factors are considered to hinder the growth of the Fleet Management Software Industry outlook.

Buy Now Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Fleet Management Software Market. Fleet Management Software Market top 10 companies include Geotab Inc., ZF Friedrichshafen AG, Verizon Connect, Trimble Inc., Omnitracs, LLC, GPSTrackit, Zonar Systems, Inc., WorkWave LLC, Bridgestone Group, Samsara Inc. and among others. Partnerships/Product Launches/Contracts

• In April 2023, Trimble introduced the industry's first dwell time metrics for fleet management, enhancing operational efficiency. Integrated into Trimble Fleet Manager, this innovation leverages Connected Locations, providing real-time insights to optimize fleet performance and logistics operations, catering to the demand for data-driven solutions in the Fleet Management Software Market.

• In February 2022, Chevin Fleet Solutions unveils FleetWave Lite software, designed to streamline fleet management processes. This user-friendly solution offers essential functionalities for efficient fleet operations, including asset tracking, maintenance scheduling, and cost management. FleetWave Lite aims to simplify fleet management tasks, catering to businesses seeking accessible and practical software solutions in the competitive Fleet Management Software Market.

[smasautoleasingindia]

Top Considerations When Choosing a Car Leasing Company

Leasing a car offers the opportunity to drive a new car every few years, potentially with lower monthly payments than car loans. However, with various leasing companies in the market, choosing the right one requires careful consideration.

Like selecting the perfect car, finding the right leasing company hinges on understanding your needs and comparing different options. Here's a breakdown of key factors before signing a lease agreement.

Reputation Matters: Reviews And Recommendations

The reputation of a car leasing company is paramount. Start your research by looking for online reviews and testimonials from past customers. Reputable review sites with verified purchases allow you to gauge customer experiences with different leasing companies. Industry forums or websites of consumer protection agencies might also offer insights and recommendations on reputed companies, such as various car leasing companies in India.

Transparency Is Key: Understanding Lease Terms And Fees

Leasing agreements are often complex documents filled with jargon. Don't be afraid to ask questions! A reputable leasing company will be transparent about all lease terms and fees associated with the agreement. Here are some crucial aspects to pay close attention to:

Capitalized Cost Reduction (CCR)

This represents the down payment you make to reduce the capitalized cost (essentially the car's value), which impacts your monthly payments.

Residual Value

Understanding this value is important if you plan to purchase the car at the end of the lease.

Money Factor

This number helps determine your lease interest rate and might not be readily displayed. Ask the leasing company to explain the money factor and its impact on your monthly payments.

Mileage Allowance

Lease agreements typically have mileage limitations. Going over the limit can result in excess mileage charges.

Lease Term Length

A longer lease term might offer lower monthly payments but lock you into the car longer.

car lease companies in india

Leasing companies offer a diverse range of car models and lease options. Here are some key considerations:

Car Selection

Does the company offer many car models that cater to your needs and preferences? Are you looking for a fuel-efficient sedan or a spacious SUV? Ensure the company has options that fit your lifestyle.

Lease Options

Beyond mileage allowances, some companies offer flexible lease terms for length or potential customization options like excess wear-and-tear coverage. Compare options to find a lease that best suits your requirements.

Beyond The Contract: Importance Of Customer Service And Support

Leasing a car doesn't end with signing the paperwork. A good leasing company offers excellent customer service and support throughout your lease term. Look for companies that provide:

Responsive Communication Channels

Whether it's phone support, email assistance, or a user-friendly online portal, you should have easy ways to reach the leasing company with questions or concerns.

Knowledgeable Staff

Customer service representatives should be well-versed in lease terms and able to answer your questions clearly and accurately.

Transparent Billing

Your monthly statements should be easy to understand and detail all charges and fees associated with your lease.

Final Thoughts

By prioritizing these key considerations, you can confidently navigate the world of car leasing companies. Take your time, research, compare options, and don't hesitate to ask questions. With the right approach, you can find a car leasing company that offers a transparent and hassle-free experience, allowing you to get behind the wheel of your dream car.

[qwertydded]

Quiklyz Car Lease Options: Benefits and Corporate Solutions

Find out about Quiklyz Car Lease options, including corporate car lease. Learn car lease benefits and compare car subscription vs car loan today.

[adaammarks]

Solar Vehicle Market: Ready To Fly on high Growth Trends

Market Research Forecast released a new market study on Global Solar Vehicle Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Solar Vehicle Forecast till 2032. The Solar Vehicle Market size was valued at USD 383.4 USD Million in 2023 and is projected to reach USD 1389.90 USD Million by 2032, exhibiting a CAGR of 20.2 % during the forecast period. Key Players included in the Research Coverage of Solar Vehicle Market are: Sono Motors GmbH (Germany), Lightyear (Netherlands), VENTURI (Monaco), Nissan (Japan), Mahindra & Mahindra Limited (India), Toyota Motor Corporation (Japan), Ford Motor Company (U.S.), Volkswagen AG (Germany), Daimler AG (Germany), Tesla, Inc (U.S.) What's Trending in Market: Rising Adoption of Automation in Manufacturing to Drive Market Growth Market Growth Drivers: Increasing Demand for Forged Products in Power, Agriculture, Aerospace, and Defense to Drive Industry Expansion The Global Solar Vehicle Market segments and Market Data Break Down Vehicle Type: Passenger Vehicles and Commercial Vehicles","Battery Type: Lithium Ion, Lead Acid, and Others","Solar Panel: Monocrystalline and Polycrystalline GET FREE SAMPLE PDF ON Solar Vehicle MARKET To comprehend Global Solar Vehicle market dynamics in the world mainly, the worldwide Solar Vehicle market is analyzed across major global regions. MR Forecast also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.

Extracts from Table of Contents Solar Vehicle Market Research Report Chapter 1 Solar Vehicle Market Overview Chapter 2 Global Economic Impact on Industry Chapter 3 Global Market Competition by Manufacturers Chapter 4 Global Revenue (Value, Volume*) by Region Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type Chapter 7 Global Market Analysis by Application ………………….continued More Reports:

https://marketresearchforecast.com/reports/car-rental-leasing-market-3007 For More Information Please Connect MR Forecast Contact US: Craig Francis (PR & Marketing Manager) Market Research Forecast Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: (+1 201 565 3262, +44 161 818 8166) sales@advancemarketanalytics.com

[starfriday]

Preowned cars sales to reach 10.92 mn units by FY28 – Indian Blue Book Report 2023

The Indian used car industry will more than double to $70.48B by FY28

Mumbai: May 23, 2024 - The preowned cars sales market in India is set to reach 10.92 mn. units in FY28 as per the latest edition of Indian Blue Book (IBB) report by car&bike and Das WeltAuto. by Volkswagen. The Indian Used car industry was valued at $32.44B in FY23 and will more than double to $73B by FY28.

Upgrading to a new pre-owned car is the top reason for owners to sell cars while budget buyers are predominantly looking for quality cars. Customers are also becoming more informed about car technicalities with 71% buyers looking at MMV (Make, Model & Variant) as a big consideration.

“The latest edition of the Indian Blue Book, a collaboration with Das WeltAuto. by Volkswagen, reinforces our confidence in the Indian pre-owned car market's explosive growth potential. The increasing involvement of organized players is bringing stability and trust to this market; achieving consistent profitability and providing superlative customer experience remains the top priorities for organised players.” said Mr. Ashutosh Pandey, CEO & MD, Mahindra First Choice.

Buyer Highlights

• The report found that majority of buyers are highly budget conscious (63 %) and looking for quality cars.

• Customers have become more informed about the technicalities of cars with 71% of buyers acknowledging overall repairs & servicing costs as a big consideration.

• Big shift noticed among consumers, who are prioritizing safety as a key feature in a used car, giving impetus to brands like Volkswagen for their 5-star GNCAP product portfolio of Taigun and Virtus

• 45% of buyers/intenders prefer local dealers for exploring, followed by Auto Tech Start-ups (26 %) & OEM backed brands (23 %).

• In terms of awareness and preferences of car leasing, 28% of buyers were aware of the concept while 62% of buyers would avail it in the future.

• Warranty and financial assistance topped the list of demands in terms of services.

• A majority of 56% did not prefer an EV used car.

Seller Perspective

• Upgrading to a new used car top reason to sell cars among 59% of respondents, followed by sufficiency of having another vehicle has increased as extra cars bought during COVID-19 are being sold now.

• Due to the Fastrack process in auto tech startups & OEM backed companies, the actual Turn Around Time (TAT) to sell a car has come down to 3 days

• Full payment within 24 hours remains the top priority among sellers during the sale process followed by vehicle inspection at a location of their choice.

“The pre-owned car market is significantly growing with the potential of it being double by FY 2028. The growth primarily comes from the evolving trends and customer preferences while selecting a pre-owned vehicle. A notable shift is the top priority for safety features, a transition similar to the new car industry, enabling a brand like Volkswagen, to be more accessible and in-demand for customers with our 5-star GNCAP rated product portfolio – Taigun and Virtus. The high preference for safety features and standards among customers is positively impacting the residual value of Volkswagen cars, especially the Taigun. We are confident the Das WeltAuto. business, will continue to grow as one of the top certified pre-owned car brands in India for customers”, said Mr. Ashish Gupta, Brand Director, Volkswagen Passenger Cars India.

Mahindra First Choice Wheels-backed Indian Blue Book launched the first edition in 2015 to highlight the trends in the used car industry in India. Since then, the annual report has been established as the largest and most intensive primary research conducted in India. Since 2022 Das WeltAuto., the pre-owned car brand of Volkswagen, and car&bike, a 100 % subsidiary of Mahindra First Choice Wheels, have co-curated this research report.

About car&bike:

car&bike is a leading auto technology platform with a focus to build India’s largest hyper-local integrated platform for content and commerce. The platform has been built on path-breaking auto programming & the most credible awards for the last 20 years. In a short span of time, car&bike has clearly established itself as one of the top auto portals in the country and the fastest growing one by far. The business offers technology solutions to all the stakeholders of the automotive industry at various points of buy and sell value chain.

[quiklyz]

Why Buy When You Can Lease

Evolving mindset leads to growth in car leasing segment

Indians have traditionally prided themselves on their possessions, be it their homes or cars. Yet, this ownership mindset is gradually evolving in millennial India where leasing is becoming a preferred option.

Earlier, the concept of auto-leasing was restricted to the C-suite under corporate leasing and limited to luxury car brands. Gradually, there has been a paradigm shift and leasing is becoming mainstream as more private owners opt for leased vehicles.

Car leasing is widely considered one of the fastest growing segments within the automobile industry. Though it represents only 1-2% of the market share in terms of the absolute vehicle numbers as of now, it shows great promise.

Leasing at an inflection point in India

Leasing penetration in India, at just over a per cent of the total private vehicle market, is much lower compared with the rest of the world. The challenge is to convert this potential and leverage technology and changing buyer behaviour to tap the prospective customers. However, there are a number of factors that are creating significant tailwinds to drive the leasing market growth in India.

Changing consumption patterns is one such factor because consumer behaviour in India is shifting drastically as millennials seek greater freedom, wider choice, and the ability to upgrade without the baggage of ownership. This behavior is in line with global trends and there is a favourable mindset towards leasing not owning.

There is a considerable rise of the millennials and GenY in the workforce as well. India has become the largest millennial market with millennials representing 34% of the country’s total population. Since the median age in the country is 28.4 years, it makes India one of the youngest nations in the world. Compare this with the ageing populations and workforce of the world, and you see an untapped market ready for growth.

With market forces driving the economy, there is heightened competition with more sales-aid tools to tap into this growing market. Many original equipment manufacturers (OEM)s and financiers have tied up with financial institutions to drive the subscription-based or leasing model. Maruti and M&M and other OEMs have developed online portals and made their foray into this market. The finance sector is also taking a renewed interest in car leasing with dedicated leasing activity.

Along with the increased traction for subscription and leasing, there is also an ecosystem of the used vehicles market which is developing. This market is growing at an accelerated pace thanks to a thriving marketplace and new age start-ups. The modern consumer suddenly has a lot of choices and the benefit of price discovery tools like IndiaBlueBook.  The digitization of RTO records further drives trust in terms of ownership and hypothecation of records, making the transactions more transparent.

Moreover, the pandemic has acted as the trigger for impacting consumer behaviour and there is a noticeable change in the customer’s willingness to spend on illiquid or value depreciating assets. This is the reason why many customers now prefer to invest in more liquid asset classes yet enjoy the benefits of driving a premium vehicle through flexible leasing or subscription-based models.

The rising demand for electric vehicles is going to be the next big thing which is expected to drive the automobile rental and leasing market. In developed countries, leasing is already seen as a key method to drive EV sales. Consumer concerns around the electric vehicle cost and technology obsolescence are allayed to a great degree by offering competitive leasing rates and vehicle return options. The penetration of leasing in new EVs is expected to grow further, thus driving the market.

Car leasing is also gaining momentum as a result of new mobility concepts used by leasing companies. For instance, various leasing companies use telematics to make fleet management easier. Another technological development is the use of navigation and AI in the leased vehicle, making it convenient for the lessor.

All these factors combined create a favourable growth momentum for car leasing to take wings in India. Even with a 5% penetration, which is substantially much lower compared to the global counterparts, leasing amounts to 1-1.15 lakhs vehicles per year. This roughly translates into ₹ 8,000-12,000 crores per year.  Car leasing is at an inflection point in India and will take off strongly given the obvious benefits. Whether it’s in last mile delivery with electric vehicle leasing or more millennials choosing to lease cars instead of buying it, the opportunities are lucrative.

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