The leasing of vehicles works like this. A dealer purchases cars from the company and leases them to individuals for a particular period. The dealer can also purchase second-hand cars from the market, refurbish them and lease them to customers.

At the end of the period, the dealer takes back the vehicles. The business plan and market potential are being worked out, he told newspersons at the launch of the company’s dealership – Transcar India Pvt Ltd – in Chennai.

The company hopes to attract people who want to buy cars that are priced below Rs 20 lakh.

Full Story and copyright Hindu Business Line Mercedes Offer Lease