Magma Auto Lease FAQs

What is Car Leasing?
Why is car leasing the preferred choice of the corporate sector?
Under lease, one pays EMI for 3 or 5 yrs but doesn't own the car - why should one take it?
What are the leasing documents required to close a leasing transaction?
What are the VAT implications in Leasing, does it not make leasing more expensive?
What is the typical lease period?
What are the Lessee’s options at the end of the lease term?
Can the lease contract be terminated?
What is the payment method?
Who bears the insurance and maintenance costs?
In which states can Magma provide its services?