Professional Documents
Culture Documents
Car Lease Policy
Car Lease Policy
Car Lease Policy
Application Form:
1. Application Form Should have all the above stated statements including:
a. Nomination Details
b. Eyewitness Details
c. Security of loan
d. Undertaking from Employee
e. Loan period should not exceed from 36/48 Months
f. Registration Policies
g. Documentation details required
h. Originals would be kept by the Admin-HR
Application Process:
1. One Application form dully filled along with two pass port size Photographs…
2. Form should be approved by the employee TL/TM/DH
3. Performa Invoice/Quotation from the dealers:
A. Should be in the name of Company
B. Corporate Discount should be mentioned as per the availability
C. Insurance Amount should be deducted, as Company should do third Party
insurance.
This should be submitted with the Admin Dept for Further processing.
Bank Process:
1.Bank will process the loan on the mutual agreement with the company on the
prevailing interest rates.
2. Loan Amount shall be disbursed to the dealer directly…
3. Bank shall issue delivery order to the dealer.
Registration Process:
Make sure that original document should be in the custody of Admin Dept
1. Sales invoice.
2. Road tax receipt.
3. Original RC.
4. Photocopy insurance cover note.
Plz Note: Employee can keep color photocopy of RC (attested) –accepted by the law
& the original insurance Cover note
In case of Accidents:
Foreclosure Of Case:
1. Fore closure can be done with the mutual agreement of employee & bank…
2. Employee need to settle the account with the bank directly
3. Obtain NOC from the company so that RC can be transferred in the Employees
name.
4. Need to get the clearance from the payroll dept.
5. Charges for transferring of RC would be done by employee only.
For Hiring Vehicles:
Company should have tie ups with vendors who are willing to services the
company even at the odd hours