My employer has an agreement with Leaseplan and ALD automotive for leasing of cars for its employees. Received a quote from ALD automotive (leasing company). Car : Linea Tjet Exshowroom : Rs. 903,604 Regn + Tax : Rs. 96,860 Total : Rs, 1,000,464 Insurance for 1st year : Rs. 23,000 The quote is as below (per month) for 48 months/60,000 kms: Finance EMI : Rs. 19,355 Fleet Management Charges : Rs. 1396 ( full maintenance) Insurance+Insurance disallowances : Rs. 2200 VAT on Finance EMI (12.5%) : Rs. 2,419 ST on Fleet Mgmt/Insurance (10%) : Rs. 400 Education Cess (3%) : Rs. 12 Total Monthly outgo (pre tax) : Rs. 26,184 Post tax, the monthly outgo will be Rs. 18,329 On the whole, I pay Rs. 879, 782 (post tax). This is excluding tax benefits on Fuel reimbursement and Driver salary. I have an option of buying back the car at the end of 48 months at Market determined value (or) handover to the lease company. Better than a Bank Loan, what say ?