Mercedes to offer cars on lease
09.10.11
German car maker Mercedes Benz India will quickly start leasing its cars in India to allure access-raze indulgence car buyers and start its inured to-car trade.
By properties, Indians incline towards to own cars than to lease. Currently, no other luxuriousness car producer offers leasing bog immediately to consumers, said Mr Peter Honegg, Managing Guide and CEO of the company.
The leasing of vehicles works like this. A transactions purchases cars from the company and leases them to individuals for a definite span. The stockist can also edge subscribe to-leg up cars from the vend, restore them and lease them to customers.
At the end of the interval, the commerce takes back the vehicles. The calling design and market-place capability are being worked out, he told newspersons at the found of the company's dealership – Transcar India Pvt Ltd – in Chennai.
The company hopes to captivate people who long for to buy cars that are priced below Rs 20 lakh.
Source: Hindu Business Line
