PumPumPum car is an Indian company that has developed the country’s first used automobile leasing marketplace. The service was initially offered in Delhi-NCR, but the business intends to expand to Bangalore, Hyderabad, Mumbai, and Pune.
Subscriptions range from Rs. 10,000 to Rs. 1 lakh each month. The payment includes insurance, maintenance, and a yearly subscription charge for the OBD-device, just like any other leasing service.
Customers can lease a car for 6 to 24 months. The minimum lock-in period is determined by the vehicle and the subscription duration. Customers must pay for the remaining lock-in term if they choose to return the automobile before the lock-in period expires.
There is also a monthly restriction on how much the rented cars may be driven. Customers will be charged based on the kind of car if they exceed the monthly restriction of 1,500 km. The extra price for hatchbacks to SUVs is between Rs. 8 and Rs. 15 per kilometre. The km will be accumulated on a pro-rata basis during the subscription duration.
The used automobiles available for leasing are subjected to a 200-point check, according to the business. All of the vehicles are free of dents and scratches. The vehicles are equipped with an OBD device that records client driving behaviour as well as the vehicle’s health information.
Pumpumpum Car: Is it Safe
Pumpumpum – Leading car leasing company in Delhi – NCR. Now, they are looking forward to setup there company in more metro cities. The numbers seems to be good as India is not the place where people easily choose to lease a car instead of purchasing.
Pumpumpum, a vehicle leasing platform located in Gurugram, wants to lease 2,500 vehicles by the end of the current fiscal year and 30,000 vehicles over the next three years. The firm was able to lease 500 vehicles in fiscal 2022.
While the notion of leasing a car rather than buying one has failed to catch on in India, a confluence of circumstances is now opening up the market to firms like Pumpumpum car. These variables include changing consumer behaviour, the increase of millennial and Gen Ys with discretionary means and diverse mobility preferences, and, lastly, the need for mobility without the inconvenience of upkeep.
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