Car Leasing vs Buying - Car lease போவதால் வரும் நன்மை & தீமைகள் | Detailed analysis | Birlas Parvai

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In this video a detailed discussion on Car leasing vs Buying a new car.
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[@anbuazhagan6433]

I was just planning for car lease and your video came just in time! I will keep posting about my carlease experience here.

[@NaaiSekar-cc4ef]

Did u opt for car lease??

[@anbuazhagan6433]

@@NaaiSekar-cc4ef No.The vehicle I quoted was not within my allowed limit and dropped the car lease plan for now

[@anbuazhagan6433]

My HR told my personal pay component has to be more than my monthly car rental value...as car rental can be deducted from personal pay component only

[@leslinnnn]

​@@anbuazhagan6433 I didn't get you my salary is 30lpa is that im eligible for 30lakhs car?? Could you please explain??

[@rrameshkrishnan1823]

25 lakh salary ku nan yanga poven 😅😅 Namaku Ola pothum

[@maanikraj]

Additionally along with lease some company offers, Driver salary up to 1,92,000 per year (30% slab: 57600 x 3 years = 172800). And we can able to show the fuel bills up to 192000 per year (30% slab : 57600 x 3 years = 172800). Final Cost : 15,71,000 - 1,72,000 (driver salary) - 1,72,000 (fuel cost) = 12,25,400

[@vimalprabhu6583]

Which section of old regime does this come into ? Like 80-c, 80-d ? Also it's not applicable for new regime right ?

[@maanikraj]

@@vimalprabhu6583 As per my understanding, this won't come under any sections like 80c or 80d etc. Company will modify the salary structure itself based on Emi. I think its possible to avail under new / old regime.

[@vimalprabhu6583]

@@maanikraj that's incorrect. See how so ever the company is going to structure the CTC, it's us paying tax to govt. So govt has to exempt it under one of its available sections

[@maanikraj]

@@vimalprabhu6583company will consider EMI amount as business expense, but don't know exactly in the salary structure how they will mention it.

[@daniel-oc2kz]

@@vimalprabhu6583 It is exempt from your car allowance in your salary itself. It is not counted in your net taxable salary

[@JaiGaneshJG]

Literally feels like someone read my mind and made a video. I was about to consider this option& this video just popped up. Thanks for making this video

[@Arun-88]

Exactly! I was looking for such video to make a decision whether I can go with the leasing option. Thanks Birla and Vijay bro and team for making such content, which is really helpful for most of us. Kudos👏🏻

[@manojbabupr]

Buying with full cash is better than lease, Compare with ready cash and lease you will understand why-- Trap is comparison is always with loan and lease

[@jabeshraja]

In my company, car value must be 50% of fixed pay CTC (meaning variable component is not considered) You can’t take the car to outstation, as the insurance covers only for that city, any damage happens out of city needs to be covered by self

[@ARUNBALAJIJ]

Just after realising that this Leasing can take some money off the taxable slab, I went a head immediately looking for a detailed video to understand its benefits and hidden agenda.. There you are, already with this video.. Kudos to Birla for this content..

[@siddarthj9286]

Thank you for bringing this topic, can you help with below query please : How do we come up with the residual value after the lease ? The 2nd time registration cost from corporate mnc to our name is not added in the cost of the car.

[@anbuazhagan6433]

It is usually provided by car leaser..which is usually 30% of base value of car+48% tax of residual value+repayable input credit

[@jayaramn7913]

Corporate also claim depreciation on the leased car-so that's another benefit apart from employee retention. In fact, depreciation helps them to reduce tax so that's the key benefit more than employee retention.

[@mahimachii]

If I go with Loan option, after I close the Loan, the 3 year old car will be my asset, But If I go with Lease option, Nothing will be in my hand after 3 years contract? or they will handover the call back to me? when I go with Loan option, once loan amount is fully settled, I can use the same car without any EMI for another 3-6 years or even more.

[@mageshsai]

அருமையான தகவல்கள் அடங்கிய காணொலி!

[@mallik3141]

I am working for a MNC & bought 3 + cars in lease. Advantage : Save income Tax + petrol fuel reimbursement. Disadvantage: Residual value is 17-22% for lease period of 2/3/4 year. GST & road tax has to paid or returned if employees leave company in between. If no buyer, need to sell at less value. 5% Residual value is mouth water & loss to lease company 😊. No open gives this. Pls tell the name of lease company in next video.

[@yours455]

Very true. Just for the 5% residual value no company will agree to sell the car to you

[@bharathikannankumarasamy7250]

It is not worth it... I have done extensive research, it will give a bing dent to your pocket.

[@yours455]

@@bharathikannankumarasamy7250 exactly. I was also thinking abt it When I too did the math, it didn't show profit. This video is a bit misleading

[@dtn8675]

When we are planning to reduce tax most of the time it increase your burden and I am also not comfortable with this lease policy…

[@karthikramanan8873]

Sir, please put one detail video about self driving rental monthly basis all over Tamilnadu places. Pro/cons etc.

[@amarvarmanhema]

There is a provision to lease your own car to ur company where u r working. There is a savings in tax in this scheme too.... the car should not beyond 01 year old... The scheme of operating lease via a 3rd party was beneficial when there was the vat tax structure. Not very beneficial post GST structure... At the end of the tenure, the MRV - market residual value is decided by their own set of bidders, which is always less. There is this FRV fixed residual value scheme of 25% of invoice value, but u end up paying a higher emi.

[@gnansg]

in my company, Residual value is 30% of basic cost. am exploring this option.

[@Praveendesny]

After 3 years car has to give. If we buy .it's ur own car. . U can own it for untill FC complete

[@9942809506]

Im also working MNC. I follow bbelow plan.. Instead of going in lease. You can buy a car and give the petrol bills and car maintenance charge also. So you can save money im both side.

[@niraimadai]

Dear Birla and Vijay, Quiklyse is proving individual car leases also. Can you please analyze that

[@vj_guideauto]

Sure we will check ✔️

[@DineshKumar-lv5le]

Bro Car MG Hector Style 6mt appuram Shine EX 6mt & Smart EX 6mt Compares parththu oru full videos podugal 😍😍👍👍🙏🙏

[@matthew.k6538]

Guys for lease, car company perla iruntha matum than u will get tax savings. The proportionate amount will be deducted by the employer in from you income

[@hariprasad-fn5xb]

Yes. It will be treated as company expence. I don't know how they are going to save the tax in it, there is no income tax benifits.

[@Rollsreels]

Sir, Can you clear this to me.... Car paint, metallic vs Pearl

[@jjrichie87]

Good video. Right content at right time . How does registration cost and insurance varies for this ?

[@vj_guideauto]

Same for all

[@Raja-ky2bg]

ಬಹಳ‌ ಉತ್ತಮವಾದ ವಿಡಿಯೋ ಧನ್ಯವಾದಗಳು ❤

[@chidambaramvasu9647]

Most expected topic sir Thank you ❤

[@shyamsundarsakthivel78]

This is a good video. Is there any residual value percentage limit for employers as per Motor act rule?. Each company has a different residual value percentage , which is increasing the final cost of having the car after the lease period from the employer.

[@vj_guideauto]

There is no limit.. it is all based on the leasing company

[@shyamsundarsakthivel78]

@@vj_guideauto Thanks Vijay.

[@இரகுராமன்விஜயராகவன்]

அய்யா, வாழ்க வளமுடன் 1, கார்ப்பரேட் நிறுவனங்களின் ஊழியர்களுக்கு மட்டும் தான், இக் குத்தகை கிடைக்குமா? அரசு/ பொதுத் துறைகளின் ஊழியர்களுக்கு? 2. வருமானவரிச் சட்டத்தின் எந்த பிரிவின்/ பிரிவுகளின் கீழ் இச்சலுகை கிடைக்கிறது? 3. எந்தெந்த நிறுவனங்கள் நேரடியாக குத்தகைக்கு விடுகின்றன? மேற்குறிப்பிடப்பட்டவைகளை தெளிவு படுத்துமாறு தங்களிடம் அன்புடன் கேட்டுக் கொள்கிறேன்.

[@Reddylion]

Here in delhi ev lease are useless.... maybe in south it's fine. Zoomcar is tad better though high price. It's rent not lease.

[@ashokn6690]

what about insurance claim, total loss and warrenty?

[@teatalk..3350]

Hello sir, recent days many of the flooded vehicles repair and sales in pre owned cars. please do that videos of pros and cons

[@logeshdci]

Pinringa Birla!❤ Also, in which section this tax exemption falls under 80c, 80e?…

[@dtn8675]

It won’t come under exemptions it will come under deductions

[@logeshdci]

@@dtn8675 oh ok sir, it’s a flat deduction that we get?

[@kvsridhar81]

@birlas parvai- The benefit for employer (corporate) is many. Since vehicle is registered in their name they show the vehicle as fixed asset in their books. Every year depreciation they can show as expenses to reduce tax. Similarly the interest part of lease paid to leasing company can also shown as expenses. This will reduce their profit amount and increase tax savings. For people doing business, they can take regular car loan in company name name and avail same benefit as corporate.

[@elavarasanprabu8743]

Thalaiva MG Astor Review podunga. Its a underrated car. Base MT and Select MT models are VFM. Very less video on the internet. Expeting a response and a video from you.

[@kumaresansan2626]

Test drive panen Handling worst than maruthi

[@selvamuthukumaran5016]

I test drived 220 turbo at Adequate power Good features Good handling only , no worst handling

[@YR-qv1ns]

Sir என்கிட்ட commercial vehicle இருக்கிறது நான் என் வண்டியை லீசுக்கு விட வேண்டும் அதற்கு நான் எங்கு அணுக வேண்டும் வேண்டும்

[@infosys3998]

Is there any schemes like this for buying used cars under 5 lakhs budget. This will be beneficial for most of the audience here!

[@vj_guideauto]

No.. new cars only on leasing

[@madhankumar8926]

Any car cannot be leased... Needs to be added... Only you can lease specific brand thats what i know in corporates whereas in public sector company manager having option to buy company cars on their own choice.

[@ItsMyLifeAsh]

Any cars u can lease bro, luxury cars like BMW and audi tooo

[@mnjmuthuraj]

I think the company will pay fuel and maintenance cost per month.. only emi has to pay when leasing

[@raj1985ragavan]

No

[@vj_guideauto]

Not all companies pay your fuel and maintenance

[@milanjaan199]

No, They don't pay, they will say it's part of ur CTC and u can only save tax on that amount

[@mnjmuthuraj]

Yes, fuel and maintenance will be a part of our CTC. And those will be useful for tds

[@vishnuprasanth2168]

Such an insightful video, thanks for making this.

[@bp1485]

Residual value you are quoting as 5%. But you also need to pay gst on the IDV value along with the RV. The GST along with the RV for a 17 lakh car will be upwards of 3.5 lakhs. Look this up. Factually incorrect.

[@rajasekarankaliyaperumal9864]

Accident details and how claim insurance please

[@duraivinoth4063]

3 years ku aparam sells panna at least 10L kedaikum. So 8 lack tha aairukum spend

[@wakeuptamizha4503]

Good info, thanks

[@anandanr5177]

Thanks for your information

[@rajkumarmohan89]

After 3 years u will get the car on your name if u go via loan. I think leasing is worst

[@Hariharan-sn8dw]

sir first 20+ lacs salary vanganum illana tax save varathu if the salary is 10 lacs no use

[@JabirMvengara]

If road tax paid by company, please note that still tax has to be paid by you for that amount…

[@nizamh.m1378]

Which section it's come under tax

[@muralit4289]

Government employee eduka mudiyuma sir..?

[@vj_guideauto]

No

[@vinothmuthu8711]

Good information 🎉

[@hajamohaideen6877]

T board கிடைக்குமா

[@girieshchakaravarthy5239]

I was searching in your channel for this topic and lucky I got the same topic today

[@ammukarthik6144]

First like 🎉🎉🎉🎉

[@sakshock]

Even leasing has 9.75% interest.

[@sanjukavi7265]

Ippo renult kiger la new features ethavuthu add panni irukagala

[@ItsMyLifeAsh]

Video on highways lane discipline need😅 most uneducated drivers dont follow lane, heavy vehicles keep left etc

[@dheepan9464]

Accident details plz

[@hariharansudarsan9783]

This concept of leasing is already available in the US for a very long time

[@ramanathanvenni8206]

Nice

[@adhithiyam12_a72]

sir below 1lakhs car vangurathu worth aa?

[@kavi1190]

No sir it's totally waste of money 2.5 - 3 lakh only you will get a good car, it will be reliable for atleat 2-4 years. Cheap cars will increases your routine maintenance bill.

[@memerjod3762]

Brother safe bet Honda City 2016 model 3to4 lac range erukum or ertiga vxi 2016 model . Both are best value for money option.

[@thamotharanthamo2312]

Hi sir

[@vigneshc9436]

orue kolopama irruke

[@mohanraj3083]

1st

[@wazeeharaa8100]

இவன் சொல்றத நம்பி CAR SENSE போகாதீங்க. கொள்ளையடிக்கிறான். GP Road போங்க.

[@sudharsanjayabalan9384]

Very confusing

[@sivagnanamswaminathan7451]

First of all, If someone is under 30% tax slab why the hell he is going to go for lease car?

[@karthickrajasekar1672]

Brother, that's the whole point of thre Video.. TAX SAVING

[@motoe4plus650]

Total waste video. Purely wrong calculation. Why are adding insurance 1L after calculating on road price. Then u r adding insurance again 1L. The actual cost of car is for 3 yrs is 16L including 3 yrs insurance. And then u r saying that we can save money after 3 yrs by going for lease. If we buy car and paying loan emi and selling the car after 3 yrs na we can sell for around 13L. This is a pakka marketing & purely brainwash to convince for leasing

[@mageshsai]

On road price includes only third party insurance. They are adding own damage policy amount.

[@motoe4plus650]

@@mageshsai no bro.. They will add 1 yr own damage insurance onroad price

[@mageshsai]

@@motoe4plus650 right. Still you will be paying own damage for 2 more years before lease ends and you become eligible to buy that car. So it is part of total cost of ownership

[@thilipanraja8603]

Hi sir