HCL Car lease policy
I'm going to join HCL on 1st June, I have heard about the car lease program that HCL offers. Where I'm confused is how an I avail it and what can I lease? my CTC is of 12LPA only. Any suggestions HCL emplyees??
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If they offer you a flexi component 12500 per month you can use that amount as car emi it will convert your salary structure than.
Car will be in name of HCL when you leave HCL or complete your loan you will tranfer back the RC from company to your name
In my offer letter, there is a section mentioning three options under flexi basket 1. Leave travel assistance 2. Car lease option and 3. Fuel reimbursement and maintainence. In monthly components the flexi baset shows 25500.
Based on your response, Is it like that I can convert this 25K out of my inhand and set it as monthly emi? (I can set the amount how much monthly emi can be deducted right?
No only part of car lease can be opt as monthly emi For band e2 12500 & e3 and above it varying
Anything which is offered by the HCL is a trap and way to reduce your in hand salary don't fall... saying this with experience
Dont opt for it. Because 12500 is I think too less as an emi for car. And if you opt for it what benefits u r getting coz u r already under taxable income
Benefit- currently i dont have any 4 wheeler and with this policy atleast i can get one with fraction of onroad cost!?
What you think?
Don't go for it. There are many disadvantages. You would be better off getting a car outside