Ather Scooters Now Available On Lease

Published On Feb 11, 2019 By for Ather 340 at Zigwheels.com

Monthly rental starts from Rs 3,977 for the Ather 340 and Rs 4,220 for the Ather 450

  • The Ather 340 and Ather 450 can be leased for a period ranging between 13 months to 3 years.
  • Requires a down payment of Rs 30,000 for the Ather 340 and Rs 40,000 for the Ather 450.
  • Customers also have the chance to retain the scooter after the leasing period.

The switch from petrol-powered two-wheelers to electric ones is almost inevitable in the upcoming years. To make the process smoother, electric two-wheeler manufacturers have been introducing new programs to attract new buyers - a recent example being Hero Electric’s exchange program. Now, Ather Energy, a Bengaluru-based e-scooter manufacturer, has announced a leasing program for its two scooters - the Ather 340 and the Ather 450. In fact, the company found its first customer under the new program a few days ago.

Also Read - Ather 340 vs Honda Activa 5G DLX: Running Cost Analysis

Starting with the Ather 340, interested customers can now lease the scooter for a minimum refundable amount of Rs 30,000 (goes up to Rs 65,000). The rental duration ranges from 13 months to 36 months, while the monthly rental amount starts from Rs 3,977 and varies as per your down payment. This amount covers the company’s service subscription and the charging cable for the desired duration. If you plan on purchasing the scooter after the rental period, you’ll have to shell out an additional Rs 15,000 to Rs 45,000, depending on the downpayment and the leasing duration. 

Also Read - Ather 450 Electric Scooter: First Ride Review

Similarly, customers can also opt for the Ather 450. However, here the refundable amount goes up to Rs 40,000 (max - Rs 75,000) while the monthly rental bill starts from Rs 4,220. However, unlike the Ather 340’s plan, you get an additional home charging point with the 450. And if you plan on buying the e-scooter after the lease expires, prepare to shell out anywhere between Rs 15,000 to Rs 55,000, depending on your downpayment and leasing duration. As stated above, if you don’t intend to go ahead with the purchase, the company will refund the initial down payment once the lease expires. 

For a better understanding, let’s take the cheaper Ather 340’s cost analysis for example - (table attached below)

 

Ather 340  
13 month lease planLeasePurchase
DownpaymentRs 30,0000
Purchase cost0Rs 1,12,730
Total Rental (Rs 3,977 for 13 months)Rs 51,701 
Service subscriptionIncludedIncluded
Buy backRs -18,0000
Total Cost, if scooter is returnedRs 63,701NA
Savings over purchaseRs 49,0290
Extra cost to purchase scooterRs 45,000 
Total Cost, if scooter is purchasedRs 1,26,701Rs 1,12,730
Savings over leasing0Rs 13,971
   
25 month lease plan  
DownpaymentRs 48,0000
Purchase cost0Rs 1,12,730
Total Rental (Rs 3,101 for 25 months)Rs 74,4240
Service subscriptionIncludedRs 6,000
Buy backRs -38,4000
Total Cost, if scooter is returnedRs 94,424NA
Savings over purchaseRs 18,3060
Extra cost to purchase scooterRs 25,000NA
Total Cost, if scooter is purchasedRs 1,47,424Rs 1,12,730
Savings over leasing0Rs 28,694
   
36 month lease planLeasePurchase
DownpaymentRs 65,0000
Purchase cost0Rs 1,12,730
Total Rental (Rs 2274 for 36 months)Rs 81,8640
Service subscriptionIncludedRs 12,000
Buy backRs -65,0000
Total Cost, if scooter is returnedRs 81,864NA
Savings over purchaseRs 30,8660
Extra cost to purchase scooterRs 10,000NA
Total Cost, if scooter is purchasedRs 1,56,864Rs 1,24,730
Savings over leasing0Rs 32,134

Sadly, Ather’s services are currently limited to the city of Bengaluru. However, our recent conversation with officials from the company did reveal that the brand in working towards expanding its network into more cities. The second phase of expansion will see Ather dealerships and service centres open up in cities like Chennai, Hyderabad and Pune. While we did get to ride the scooter in Bengaluru back in 2018, we’re yet to compare it with its rivals. So stay tuned for that!

Read More on : Ather 340 , 22Kymco Flow , Okinawa i Praise

Pricing for the Ather 340 (On Road of Delhi)

  • Variants
    On Road*

Know more about 340

Ather 340 image

Ather 340

Rs 1,12,730(Ex-showroom, Delhi )
MILEAGE45-60 km/charge
TOP SPEED70 Kmph

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