Vehicle leasing
Leasing for cars, motorcycles and three-wheelers, with the vehicle itself as security.
Leasing versus a vehicle loan
Under a lease, the leasing company holds legal title while you pay monthly instalments, and ownership transfers at the end. Under a vehicle loan you own it from the start and pledge it as security.
What to check
- Down payment is typically 20–50% of vehicle value
- Terms usually run 1–7 years
- Vehicle age affects both the term available and the rate
- Comprehensive insurance is mandatory
- Check early-settlement charges
On rates: leasing rates vary widely by vehicle type, age and term.
Frequently asked questions
Do I need guarantors for a lease?
Most leasing companies ask for one or two. The vehicle itself is the primary security.
Can I lease a used vehicle?
Yes, though the vehicle's age limits the available term and may raise the rate.