Begin typing your search above and press return to search.
Farmer rage and Opposition parties
access_time 19 Sep 2020 6:51 AM GMT
access_time 19 Sep 2020 3:50 AM GMT
Going beyond birthday celebration
access_time 18 Sep 2020 6:05 AM GMT
Periyar@142-Revolutionary and Visionary
access_time 17 Sep 2020 11:57 AM GMT
The word of caution from the highest court
access_time 17 Sep 2020 6:31 AM GMT
access_time 16 Sep 2020 5:58 AM GMT
DEEP READAll arrow_drop_down
The ogres in the mind
access_time 8 Sep 2020 11:27 AM GMT
Why worry about populism?
access_time 4 Sep 2020 9:51 AM GMT
Media mind-set towards minorities
access_time 15 July 2020 4:29 PM GMT
Homechevron_rightBusinesschevron_rightVolkswagen India...

Volkswagen India introduces leasing, financing options to drive sales amid COVID-19

Volkswagen India introduces leasing, financing options to drive sales amid COVID-19

New Delhi:  Volkswagen India on Wednesday introduced leasing options and flexible financing instruments for purchase of its vehicles with an aim to drive sales in a market battered by COVID-19 disruptions.

Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.

Commenting on the omni-channel mobility initiative Volkswagen Passenger Cars India Director Steffen Knapp said, "with the prevailing economic situation, we, at Volkswagen would like to offer customers financial prudency through our omni-channel mobility program." The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, he added.

In the current scenario, wherein accessible individual mobility is on the rise, these solutions will reduce the financial strain on customers, the company added.

Through Volkswagen Power Lease, a customer can access all Volkswagen BS-VI cars and avail 'pay-for-usage' model complete with zero down payment, low rental charges, insurance coverage and flexible maintenance option across varied tenure period of two, three and four years, the statement said.

Customers will have the option for either wet lease or dry lease. While wet lease covers all maintenance cost and offers buy-back at the market value of the car; under dry lease customer will have to bear the maintenance cost and the buy-back will be available only at a pre-determined value.

Power Lease also enables a customer upgrade to other Volkswagen models, avail tax benefits depending on the customer's financial preferences while providing lucrative buy-back/retain options, it added.

As part of Volkswagen Secure, customer will also get guaranteed residual value along with an assured buy back option. The customer may also choose to retain the car/upgrade to another model with refinance options available from Volkswagen Financial Services, the company said.

Show Full Article
Next Story