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CAR LEASING

INTRODUCTION Car leasing relates to the practice of hiring a motor vehicle or automobile for a certain amount of period. Regarding to this topic, the people who could not afford to own a car, can go for hiring a car. This is one of the most flourishing businesses in India. Despite the home use, the leading government and private companies follow this method. The purpose of renting can be for personal use and commercial use. PRIVATE USE Before buying a car for home use, the person should estimate the following questions, how much he would travel and how far will he use the vehicle, the amount spent for maintenance of the vehicle. For those who use the car once in a blue moon, its merely waste of money to own a car. For marketing people who need luxury in travel, its best to go for renting a car. These days it becomes so cheaper to travel by car instead of travelling through bus. And also this renders privacy and comfort to the customers. PUBLIC USE In most of the industries, corporations and government offices, there are more formalities to be carried out in funding money for the purchase of vehicles, fuel charges and in maintenance and servicing. It’s an added headache for the administration. So the easy way is to render the contract to the transport authorities. There are a wide no of transport agencies available. The agencies for a certain amount of payment, they are used in transport of goods and for other needs of the governing bodies. CONCLUSION Thus the economical spending on transport varies from person to person. Thus the individual on his requirements should be able to decide his way of reducing expenses.

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