Company Car Lease vs Buy

Determine the most beneficial way to acquire your next car.

On-Road Car Price

₹

Lease Tenure (Months)

months

3 years

Lease Interest Rate %

% p.a.

Residual Buyout Value

₹

Marginal Tax Rate %

% p.a.

Alternative Auto Loan Rate %

% p.a.

Est. Monthly Maint & Ins

₹

Est. Monthly Driver Salary

₹

Est. Monthly Fuel Cost

₹

Recommendation

Leasing this car through your company scheme is more financially beneficial overall.

₹ 3,20,324.92 benefit

Total Tax Saved Over Tenure (Pre-tax Benefit)₹ 3,64,820.04

Monthly Tax Saved on Lease Rental₹ 8,573.89

Monthly Tax Saved on Maintenance₹ 1,560

Net Monthly Outflow₹ 22,346.53Factoring in any tax deductions

Final Cash Outflow at End of Lease (Residual Buyout)₹ 2,00,000