Leasing a car offers convenience but comes at a cost: All you need to know

Business owners get to benefit more as they can claim entire money paid as business expense

Mahindra & Mahindra (M&M) recently launched a leasing programme for its retail buyers. At present, the car maker is offering the lease facility for two cars – KUV100NXT, starting at Rs 13,499 a month, and XUV500, starting at Rs 32,999 a month. Car leasing is not new to India, but had been previously only been offered by luxury car makers. It’s for the first time that a manufacturer is offering it on cars that rival B-segment hatchbacks and cost much below Rs 1 million.

The leasing facility at present is available in six cities and would soon be available in