Know more about Maruti Suzuki Leasing

Maruti Suzuki Leasing, available from Maruti Suzuki specially designed for businessmen, self employed professionals and corporates. Enjoy more savings and convenience on a Maruti Suzuki leased car.

Car leasing is a way of acquiring a new car for a flexible tenure and usage of your choice. Maruti Suzuki Leasing is the ideal car lease service offered on all Maruti Suzuki products.

The fixed amount payable for the usage of the car for the contracted tenure and mileage. It covers vehicle cost and insurance for the entire term. If customer opts for service, it may also be added in the lease rental.

It is calculated based on the vehicle model as well as specific usage of the car according to the tenure and monthly mileage.

The market-based resale price of the car expected at the end of the lease tenure is called residual value.

It is possible that due to technological advancement or government order or change in regulations, the vehicle may suffer loss in resale value at the time of disposal. Under Maruti Suzuki Leasing, customer is immune to resale value risk.

The residual value of the car is calculated based on the tenure, contracted mileage and the fuel type. It is susceptible to risks from uncontrollable factors like economy, regulation, style, technology, upgrade & accidents.

Maruti Suzuki Leasing lease partner will claim the depreciation of the car.

No processing fee is involved.

There are no hidden charges in a lease agreement. The customer does not need to pay anything other than lease rental as per the terms and conditions of the contract.

The lease rental is collected through fixed monthly rentals in form of ECS/NACH which are fixed for the tenure of the lease and payment is due on 1st of every month.

Maximum tenure is 5 years. Maximum mileage can be 3000 kms per month, but it is evaluated on case to case basis.

At the end of tenure, lease agreement will still remain valid. The client can choose to extend the current lease or take another new car on lease.

While loan impacts the credit borrowing capacity, the lease rental is shown as expenditure in the books of accounts, hence there is no negative impact on credit borrowing capacity. Leasing keeps the asset off balance sheet.

It is responsibility of the client/user to get the impounded vehicle released, just like in case of loan.

You can enjoy various benefits with leasing. Zero down payment, effortless maintenance, easy upgrade, healthier balance sheet, more savings, fixed rental, no resale risk, complete insurance cover and value added services.

Yes, charges for towing to the nearest Maruti Suzuki authorized workshop are included in the maintenance package.

Yes, such option is available, but then all risk pertaining to repair and damage are with the client. However, in such cases, insurance coverage for the entire tenure is included.

The maintenance package includes all scheduled and unscheduled repairs of the car during the lease tenure. It also includes batteries, tyres etc. Insurance renewals for the entire term are covered. The package also comes with value added services like pick-up and drop, replacement car and 24/7 breakdown assistance.

Yes. However, based on your location, suitable dealer workshop will be aligned.

Accidents are covered under Maruti Insurance done by Maruti Suzuki Leasing.

Yes, services are covered as per owner’s manual.

No, but PUC is done by Maruti Suzuki authorized dealer at nominal charges.

Client does not have to pay anything additional in case of partial damage, if they have opted for this service as per agreement.

Customer obligations are defined in the agreement.

Excess kilometer charges as stated in the agreement will be applicable, to be paid at the end of the tenure.

No additional charges will be applicable at the end of tenure.

1. Customer Enquiry

2. Document Collection

3. Credit Appraisal

4. Agreement Signing

5. Vehicle Delivery

The car has to be surrendered to Maruti Suzuki Leasing Lease Partner in the same city where it was leased.

Up to 7 days, depending on the documentation from client side and registration proceedings from the concerned RTO.

The car will be registered in the name of the firm with which the lease agreement would be signed.

The car will be registered in the name of the proprietorship firm OR in the name of the business/firm of the self-employed professional.

Vehicle under Maruti Suzuki Leasing comes with zero dep Maruti Insurance with renewals covered for the entire lease tenure. Our dealership will renew the policy and deliver it every year.

In event of theft of car, customer must immediately notify the nearest police station and obtain copy of FIR. Registration, chassis and engine number must be specified in the FIR. Then insurance claim processing will be done based on paperwork and payment of charges. Customer will deliver all necessary documents to designated lessor (Maruti Suzuki Leasing Lease Partner).

Yes, all consumer offers are applicable on leasing. Additional offers may also be applicable from time to time only for leasing.

Client keeps the amount received against sale of old car at Maruti Suzuki True Value and new vehicle is leased to client with all the benefits of loyalty or exchange bonus, if any offered by dealer.

Provided complete documents are submitted, credit evaluation normally takes up to 2-4 working days.

Just one lease agreement needs to be signed with Maruti Suzuki Leasing Lease Partner under which multiple cars can be taken on lease.

It is subject to credit approval.

Depending on nature of business, list of documents is given for reference.

• Signature verification + Photo ID and Address Proof (Voter ID/Passport/Aadhar Card)
• PAN Card
• 6 Months bank statement
• Income Tax Return for last 2 financial year with computation/Latest 2 years complete Audited Financial with Audited Report
• Previous loan detail if any
• Any proof (Telephone Bill/Electricity Bill/ Lease Agreement) if the address to be mentioned in the agreement is different from the registered office or shop
• CIBIL Letter

• Partnership Deed (copy of both side pages)
• Residence proof of Partner who is signing finance documents on behalf of the firm
• Signature verification of all partner different from the registered office or shop

Registration Certificate (VAT Certificate/BIZ Proof)

• Certificate of Incorporation
• Memorandum and article of association
• Address Proof of the Co. (Copy of Form 18)
• If any other person other than the director is signing then a certified copy of the resolution authorizing him to sign the agreement or else, a copy of the power of attorney in his name, if the same is available
• Share holding pattern of the company on company’s letter head, signed and stamped
• List of Directors mentioning their designation and residential address on the company’s letter head signed and stamped
• Board Resolution (Signed by 2 Directors with Directors Stamp)
• Form 32, if applicable

Foreclosure terms are mentioned at the time of signing the agreement.

The client can foreclose the car after first 6 months and before the last 6 months of the lease tenure.