Q.How is the lease rental calculated?
You only pay for how much you drive! Meaning: you don’t pay for entire value of the car, you only pay for the usage value of it, and based on the mileage and duration of the leasing contract and the additional services you opt for.
Q.What are the additional services I can opt for from Hyundai Leasing?
You can opt for various services from Hyundai Leasing at a nominal additional cost that can get clubbed with your monthly lease rental:
This would include regular vehicle maintenance, mechanical repairs, tyres and battery replacement
Insurance Claim handling
This would include dealing with the insurance company to obtain approval of the repair cost, following up with the workshop to ensure completion of the job, managing the workshop payment, easy exit in case of vehicle theft or total loss
The vehicle shall be taken in for maintenance requirements by Hyundai Leasing and delivered at a mutually convenient address within the city limits.
A relief car can be provided while the vehicle is in the workshop for mechanical or accidental related work
Q.What are the possible contract periods?
It all depends on your needs. You can select from a minimum of 2 years to a maximum of 5 years. Based on the duration of contract you choose, you can then decide on the mileage based on your usage pattern.
Q.Can I choose the make and model of the car I want to lease?
You can choose from any vehicle, variant and color according to your choice and taste, as long as it is in line with your eligibility criteria.
Q.Which cities is Hyundai Leasing available in?
Hyundai Leasing is currently operational in Mumbai, Delhi NCR, Bangalore, Hyderabad and Chennai.
Q.What is the process to return the car to Hyundai Leasing at the end of the contract?
When a lease contract expires, the leased vehicle must be returned back to Hyundai Leasing usually at the location where the vehicle was originally collected at the inception of the contract. Hyundai Leasing will inspect the vehicle to ensure that it is returned with all documentation and standard accessories like duplicate key, Owner’s Manual, Warranty Book, Original RC Card and ensure that the vehicle is in a ‘standard condition’ which is defined as a vehicle that has been subjected to normal wear and tear considering its age and mileage. You and Hyundai Leasing will jointly inspect the vehicle and draw up a Vehicle Return Report which records differences between the standard condition defined above and the actual condition of the vehicle. This explains to what extent damage is considered normal or acceptable wear and tear and in which cases it is not. This gives you clarity regarding our damage assessment methodology.
Q.What is the eligibility criteria for leasing a car?
You should be either a self-employed individual, an SME or a salaried employee with a company.