Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Operating lease vs finance lease for car - better?

03 April 2016

My client a travel & tourism company wants to know what they should opt for for their employees eligible for car scheme. Both from company perspective and employee perspective

Reply
Follow
Share

3 Replies

Jagdish (CA CS activities) (215 Points)
Replied 03 April 2016

Hi Pooja,

Could you please elaborate what exactly they want to opt for?

Upgrade to CAclubindia Pro. Subscribe Now!

Alia Khetwani (CA) (96 Points)
Replied 03 April 2016

Operating lease or Finance lease for car to be given to employees. Which one is better? They already have a finance lease agreement with a vendor. But they want to know if this is a good option or go for operating lease. The total employee headcount would be around 100 employees eligible for the car policy

Harshil (Asst. Manager) (21 Points)
Replied 09 June 2016

lease rules are different in all states especially in Gujarat. So one need to check on the rules for it & accordingly need to decide that which option is better to go ahead.