Honda Cars launched a special scheme to extend the reach of its cars to the general public in India. Honda has launched a special 'Smart EMI' scheme of customers. The company has tied up with Tranzlease for this. Under this scheme, the company will lease its car to its customers. The difference between a car lease and the car loan is that the car's resale value is already deducted at the end of the period. Not only this, you have to pay less amount every month, but also the car maintenance and insurance costs are included in the car leasing company. The cost of new smart EMI is less than the loan amount and additional facilities are also available.
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The 'Smart EMI' scheme will be like auto finance, but will also include insurance, maintenance, registration and finance of the vehicle during the term of the scheme. There will be an option in the lease that if you want to buy the vehicle or want your money back, then the money and bonus will be returned according to the resale value of the vehicle.
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In the current 36-month scheme, customers can only drive cars up to 45 thousand km. After which the company will decide the amount of additional per km later. Currently, this offer will be available only in Delhi-NCR and Mumbai. Later, Translease will also land it in Pune, Bangalore, Chennai, and Hyderabad. Customers will get the facility to choose a plan from the online portal. The company says that the new EMI scheme can be availed at any Honda dealership in these cities.
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