How is the Residual value calculated post lease period?  Can anyone share his/her own experience?

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How is the Residual value calculated post lease period?

Can anyone share his/her own experience?

Car Lease Program

Data Scientist

Car Lease Program- Grapevine

Welcome to IT Company Discussion's Private Community

Need to know per month rental for your vehicle
Price of vehicle
Buyback price at end of 3 years

Has anyone opted for Car Lease Policy from Accenture?

Consultant

Basically the title. What is a business idea you saw or heard of and thought "surely this can't be real" but the other person was totally serious?

I'll go first - a CEO I was talking to went in detail about meeting this student (emphasised on destiny and how bright the student was, etc etc) and said his idea was - Companies can't advertise on their carry bags by law so we should buy that advertising space and sell it to other companies.

For clarification - Courts have said a consumer can't be a buyer as well as advertiser, so if a carry bag has the brand's logo or something on it, you can't charge for it.

This CEO and the "bright student" thought that the law just prohibited the brand from advertising its own self on the bag. I asked him if he was trying to say we should buyout the space on all McDonald's carry bags and advertise Domino's or Reynolds on it, and he said "Yes."

What is the worst business/startup idea you've ever seen?

Lawyer

Welcome to Personal Finance's Private Community

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Staff Engineer

I currently work in a tech startup in Bangalore. My company has a car lease policy that I can use to get tax savings on the car lease amount and the maintenance costs. Worked out the math and seems like I save 15% on a car's onroad cost if I avail this. However if I leave the company, the math stops working out in my favour as the interest on lease is higher than the interest on bank loans. I want to understand which other tech companies have car leasing policies for me to be able to migrate if I decide to buy one.

Who else is having car lease policies out here?

Investor

Taking car on lease from parent company is good option or bad ? How does it save taxes on your hard earned money .

Car lease from company Good or bad ?

Software Engineer

How can I get a car on lease from my Employer? A lot of people have told me that I have to pay less if I leave through my employer. Also, can I get tax benefits if I get a car from my employer?

HCL car lease policy

Application Engineer

Amateur car driver here. I was thinking of buying used cars. But the way second-hand cars are priced makes me question the whole logic of buying them.

Budget: Upto INR 6.5L
Usage: Mostly City, 15kms + Outstation on Weekends

PS: We also have a car lease policy in the company. So I guess I can try saving some tax there.

Does a Used Car make sense?

Sales Leader

Saw this on Twitter today. Tech Mahindra hiring graduates for 3.25 LPA and 24*7 Shift timing. I talked to various people to get an idea of their pay. 
A) A plumber lives near my house. He said he earns 2-3k daily and works for 20-25 days average. He earns 50-60k per month. 
B) Electrician earns in the same range. 

And other technicians and workers like this who are skilled earn a lot more than a software engineer. 
This is the hard reality. Students study for 16 years and pay 15-20 lacs college fees for this.

Plumbers, Electricians earn more than an average engineer.

Welcome to the real world! 
  
 At the same time, you should know electricians/plumbers add more value to the society than a “fresher” TechM shift employee. If you’ve paid college fee that should not entitle you for a high-paying job. It’s just a privilege.  
  
 Sooner you realise this, better it would be.

Product Manager

Business Analyst

Considering buying a used bike / scooty from beepkart.
here are a few questions I would like to get answered :

1 how well do they refurbish the vehicles ? is it actually durable from within or they just make it look good ?
2 their price range seems to be ~50% of the new vehicle price. is that good or are there some better options ?
3 how are the other competitors as compared to beepkart ?
4 how is the purchase and service experience ? do they actually provide 3 free services ?
5 how is the experience around ownership transfer of the vehicle ?
6 are there any other hidden charges ?

thanks !

Beepkart reviews ??

Software Developer

Fair deal. I'm in.

I received an offer from reliance limited. In CTC there is one component residual choice pay value of Rs 90k per month. How can I use it in the best way.

Reliance Ltd - Residual choice Pay

Finance Operations

I am considering buying a car but haven’t decided the right budget for it yet. Wanted to know how much y’ll were earning and spending on other expenses at the time when you bought your car, as well as the value of the car itself?
Additionally, if you can add the downpayment percentage, that would be like a cherry on the top.

Your monthly salary, expenses and value of car when you bought it?

Product Owner

My father planning to lease out our property for ₹35 lakhs, with the condition that we'll return the amount at the end of the lease tenure(3 Years). The rent in the area is ₹50,000 per month.

Since this is a refundable lease arrangement, I’m looking for suggestions on how to make the most out of this situation. Are there any strategies or tips to maximize value during the lease period, or things I should consider from a financial or legal perspective?

Appreciate your insights!

Maximize ₹35 Lakhs

Senior Manager

Hi, we are thinking of buying a new car in Bangalore and contemplating on whether to buy in cash or on loan. Considering the traffic conditions, we only want a small car like i10 or Tiago. We do have cash on hand to buy a decent hatchback or sedan upto 10L. It will not burn all our savings for sure. However, I have seen so many people still buying on loan even though they have cash.

Would be interested in knowing what makes more sense for others. Especially want to understand if there are other benefits of loan apart from credit building. Other suggestions on car models are also welcome! TIA.

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