Please read these terms and conditions carefully before using DriveValue’s car leasing services. By proceeding with our leasing plans, you agree to comply with the policies and conditions mentioned below.
DriveValue offers a 5-year fixed tenure car leasing plan. The customer pays a one-time upfront amount and uses the car for 5 years. At the end of the lease, the car must be returned to DriveValue and the customer receives the assured return value, subject to vehicle condition.
The assured return value is the guaranteed amount that the customer receives after returning the vehicle at the end of the lease tenure, provided the car is in acceptable condition and all terms are followed.
The customer must maintain the vehicle properly, follow traffic laws, ensure timely servicing and insurance, and keep the car in good running condition throughout the lease period.
Normal wear and tear is acceptable. However, any major damage, missing parts, or poor condition may result in deductions from the assured return value.
Early termination is subject to company policy and may involve charges or revision in the assured return value.
No. The leased vehicle cannot be transferred, sold, or sub-leased to any third party without written permission from DriveValue.
All traffic fines, challans, penalties, and legal issues during the lease period are the sole responsibility of the customer.
The customer must submit valid identity proof, PAN card, and any additional documents required by DriveValue for verification and approval.
Yes. DriveValue reserves the right to inspect the vehicle at any time during the lease period to ensure proper usage and maintenance.
All disputes are subject to the jurisdiction of the company’s registered office location.
The leasing amount only covers the right to use the vehicle under the DriveValue plan. Insurance, service, maintenance, fuel, and any government charges are not included unless clearly mentioned in writing.
Yes. The customer must maintain valid insurance for the vehicle throughout the lease period as per company guidelines and legal requirements.
The customer is responsible for regular servicing, maintenance, and keeping the vehicle in good running condition during the entire lease tenure.
Yes. DriveValue reserves the right to inspect the vehicle at any time during the lease period to ensure proper usage and maintenance.
At the end of the lease tenure, the customer must return the vehicle to DriveValue. After inspection and approval of the vehicle condition, the assured return value will be paid to the customer.
DriveValue reserves the right to modify pricing, plans, or policies at any time without prior notice.
