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Interested in the reasons behind the prevalence of car leasing gloablly? Discover how it aligns with changing preferences and financial strategies.

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Market Growth

A Fresh Approach to Owning a Car.

Car Leasing Market size was valued at USD 615 million in 2022 and is anticipated to register a CAGR of over 6% between 2023 and 2032, driven by the escalating environmental concerns and regulations worldwide.

Growing urbanization is fuelling the market as more people opt for flexible mobility solutions in urban areas.

The global car rental & leasing market size was valued at USD 641.54 billion in 2022.

The market is expected to grow in the period of 2024-2032 at a CAGR of 8.1%

Opting for a car lease can slash up to 30% of your taxed vehicle expenses.

Indian Scenario!!

India Ranks 35th Globally in New Contracts Sold with 0.8% Penetration

Preference for Ownership

Traditionally, there has been a strong cultural preference for ownership over leasing in India.

Limited Awareness and Education

Lower awareness and understanding of leasing options among Indian businesses and consumers.

Regulatory and Legal Framework

Lack of clarity in regulations can deter both lessors and lessees from engaging in leasing.

Roadmap

The data is based on Frost and Sullivan

2017

count : 0
The Indian leasing market experienced steady growth, primarily driven by the IT and BFSI sectors.

2018

count : 250
Leasing activity continued to expand, with an increasing number of multinational corporations entering the Indian market.

2019

count : 620
Tier II cities such as Pune, Hyderabad, and Chennai witnessed significant growth in office leasing.

2020

count : 1008
Office leasing remained strong, with technology and e-commerce companies driving demand for commercial spaces.

2021

count : 1775
Industrial and warehousing leasing saw steady growth, driven by the growth of e-commerce and logistics companies.

2022

count : 2606
The COVID-19 pandemic hits and diminished the scope of public transport, which increased the scope.

2023

count : 3088
Co-working operators adapted their business models to offer hybrid and flexible solutions catering to changing work patterns.

2024

count : 3539
Office leasing saw increased demand for hybrid workspaces and flexible lease terms.

Why Lease

Global Acceptance and Standardization

Car leasing has become a widely accepted and standardized form of vehicle financing across many countries.

Enhanced Customer Experience

Leasing companies prioritize customer experience and satisfaction, offering personalized services and support.

Continuous Innovation and Adaptation

The global leasing industry continually innovates and adapts to changing market dynamics.

Integration with Mobility Solutions

Companies globally integrating leasing services with broader mobility solutions like fleet management.

Strong Industry Expertise and Best Practices

Mature leasing markets benefit from decades of industry expertise developed by leasing companies.

Diverse Range of Leasing Options

Leasing companies offer a diverse range of leasing options tailored to the needs of various customer segments.

FAQs

Frequently Asked Questions

When you lease a car, you make an initial payment (often called a down payment or initial deposit) and then make monthly lease payments for the duration of the lease term. At the end of the lease term, you return the car to the leasing company, unless you choose to purchase it outright.

Lower initial costs: Leasing often requires a lower upfront payment compared to purchasing a car.
New car more frequently: Leasing allows you to drive a new car every few years without the hassle of selling or trading in a vehicle.
Lower monthly payments: Monthly lease payments are typically lower than loan payments for purchasing a car.
Warranty coverage: Leased cars are often under warranty for the duration of the lease, reducing the risk of unexpected repair costs.

Absolutely, you have the flexibility to choose the make, model, trim level, and optional features of the vehicle you want to lease. We'll work with you to find the perfect fit for your needs and preferences.

Yes, we offer 24/7 customer support to assist you with any inquiries or emergencies that may arise. Our dedicated team is here to provide you with peace of mind throughout your leasing experience.

At the end of the lease term, you have several options:
Return the car to the leasing company and lease a new vehicle.
Purchase the leased car at its residual value (the predetermined value of the car at the end of the lease term).
Extend the lease for an additional period, if the leasing company offers this option.

Yes, we provide assistance with selling your existing car. Our team can guide you through the process, whether you choose to trade it in or sell it privately.

Whether car leasing is a better option than buying depends on your individual preferences and financial situation. Leasing may be more advantageous if you prefer driving a new car every few years, want lower monthly payments, or prefer to avoid the hassle of selling or trading in a vehicle.

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