The SMART EMI comes with guaranteed resale value at the end of tenure with an option to retain or sell the car.
Image for Representation (Reuters)
Honda Cars India Ltd has tied up with TranzLease to introduce SMART EMI, a next-generation auto finance solution for its customers which will take care of the finance, registration, insurance and maintenance requirement of the vehicle during the financing period.
The SMART EMI comes with guaranteed resale value at the end of tenure with an option to retain or sell the car. The customers can retain the car at the end of the tenure by making payment of agreed resale value or simply return the car to the leasing company. There are provisions of guaranteed bonus and even Good Drive Bonus at the end of the financing tenure. The amount of SMART EMI is much lower than regular car loan EMI as the estimated resale value of the car is deducted upfront.