"Boom Invest is a vehicle leasing arrangement in which you, as the Lessor, purchase electric vehicles (EVs) and lease them to Boom Cabs, the Lessee. As the Lessor, you receive monthly lease payments. Importantly, in this structure, the Lessor retains full ownership of the vehicle throughout the lease term."
Frequently Asked Questions
The most commonly and frequently asked questions by our customers which we oblige to present to you are enlisted below.
We allow both individuals and corporations to lease vehicles.
Certainly. Boom Cabs has established partnerships with both NBFCs and banks to streamline the financing process for lessors. However, lessors also have the option to arrange financing through their preferred financial institutions. It's important to note that Boom Cabs solely acts as a facilitator in this process and does not influence the outcome of the credit assessment in any way."
The investment is for a period of 4 years.
You will be paid a monthly lease rental at the start of every month of the lease tenure.
All lease payments will be made through bank account transfers. The lessor is responsible for furnishing and facilitating the necessary payment methods and related payment details.
Absolutely. You have the capability to monitor all investment-related data through the Boom Invest Portal. Furthermore, we will generate monthly reports summarizing all investment-related details and send them to your email.
The returns are determined by the terms outlined in the lease agreement between you and Boom Cabs, as per the contract.
Boom Cabs will distribute the leased vehicles to different states and cities in accordance with our operational needs. Presently, our services are available in Coimbatore. Investors from all across India are welcome to take part in the program.
