Do you want to work with Ola and you don’t own a vehicle? If yes, then you are at the right place because, in this article, we are going to share every single detail you need to know about Ola lease a car program through which you can work with Ola even if you don’t own any vehicle.
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What is Ola Lease a Car Program All About?
Ola has launched a new program i.e. Ola lease a car program with a motto – “Drive towards a better living” in which any driver can work with Ola even if they don’t own any vehicle. This program has helped many people who are struggling to stand in a good financial condition but don’t have much money or can’t spend much money due to their personal condition.
Through this program, drivers can select any car they want to drive and start working with ola. Well, as you already knew that nothing is free in the world so if Ola is giving you a car through which you can earn money for yourself even if you don’t own it then there must be something that you are missing. Right?
Yes, you need to make a refundable security deposit of Rs 21,000 to Rs 31,000 depending on your city and car model you have leased excluding a non-refundable deposit of Rs 4000. Ola will also deduct the rent of the car from your daily income which will be between Rs 700-1150 depending on your city and car model you have leased but you don’t need to worry about car maintenance except for exceptional cases.
Now, without wasting your more precious time, we are going to share the benefits, income opportunity by joining ola lease a car program and after that, we are going to share a step by step guide to join ola lease a car program through which you can Drive towards a better living.
Benefits:
- Freedom of work i.e. be your own boss and work on your own terms.
- Getting clients on the go.
- Profitable business.
- Direct commission after every ride you complete.
- Daily payments.
- 24×7 customer support.
- Get a car at zero-risk.
- Drive a new car of your choice.
- Zero maintenance cost.
- Free accidental insurance of 2 lakhs.
- Two paid holidays each month.
Disadvantages:
- Daily car rent or you can say EMI.
- The monthly distance you can travel is 6000KM. If you have travelled more than 6000KM then you will face a penalty.
- You need to work more than 10 hours in order to earn a decent monthly income.
- You can’t take holidays if leave is not shown in your account and if you have taken a leave then you need to pay rent of the from your own pockets for that particular day.
Income Opportunity:
The income you can generate wholly depends on the daily rides you are completing. The principle behind working with ola is very simple i.e. more rides more income and vice versa. The other important factor that affects earning is the peak time. In the peak time i.e. when the cabs are heavily demanded like raining, storm, office timings etc so in that case, ola driver can earn up to 20% extra than their regular earning and in non-peak time, the ola partner earning is average or reduced by 20%.
You can understand more about these incentives and commission from the table below:
Ola Lease a Car Incentives or Commission (Income Per month or Per Ride):
| No. of Bookings | MBG (Incentives & Commission) |
| 5 | Rs 900 |
| 8 | Rs 1500 |
| 11 | Rs 2100 |
| 15 | Rs 2900 |
From the above table, you must have understood the incentives plan of ola and you can estimate your monthly income from the example below:
Estimated per day income = Incentives per day – car rent – expenses
After taking a view on the income plan, my review about this is that you need to complete more than 11 rides per day in order to earn a decent Rs 1000 per day that you will receive in your bank account.
Now, you must have understood the ola income plan i.e. the income you can earn in the month through ola and now, we are going to share a step by step guide on how to join ola lease a car program.
Note:- Here, we are sharing “Lease a car with ola” program details only. If you want to know other mediums i.e. Drive with ola program and ola fleet program then please follow the links below:
Documents Required to lease a car with ola:
Ola will ask for the following documents of drivers only:
- Valid Commercial Driver’s License (Yellow Badge)
- PAN Card
- Aadhaar Card
- Current & Permanent Address Proofs
- Four References (With Addresses & Phone Numbers)
- Bank Details (Passbook OR Cancelled Cheque)
Now, we are going to share a step by step guide to lease a car.
How to Lease a Car with Ola:
1) Go to the official Ola website from here
2) You will see this form on the official website
3) Enter your name, phone number, select your city and verify reCAPTCHA
4) Click on “Submit your Application”
5) Now, you will see a success message i.e. Thank you, Our team will get in touch with you in 24 hours.
6) You will get a call from ola operator within 24 hours. They will ask some questions and you need to answer them.
7) Follow the procedure
That’s it.
Frequently Asked Questions (FAQ):
Q1 – How much do I have to pay initially to lease a car?
You need to make a refundable security deposit of Rs 21,000 to Rs 31,000 depending on your city and car model you have leased excluding a non-refundable deposit of Rs 4000. Suppose, the amount of car you are leasing is Rs 30,000 then you need to pay Rs 34000 in which Rs 30,000 will be refundable and Rs 4000 will not get refunded.
Q2 – What is the daily rent of the car?
You need to pay between Rs 700-1150 depending on your city and car model you have leased.
Q3 – What happens at the end of my lease?
You can either renew your lease or have your security deposit refunded.
Q4 – How do I pay my daily rental?
Ola will automatically deduct your daily rental amount from your total earnings and transfer the rest through NEFT or cash.
Q5 – How will my car be serviced?
You can use the Ola Partner mobile app to schedule an appointment for regular maintenance and repairs.
Q6 – Do I have to pay for car servicing?
Scheduled maintenance is free and will be paid for by Ola. Challan payments, damage to the car due to driver negligence, etc., are not included in the free maintenance.
Q7 – Who will be the registered owner of the car?
The car will be registered under the company’s name – Ola Fleet Technologies.
Wrapping Up:
We have shared every single detail you need to know about ola lease a car program. If you have any kind of issues or queries then feel free to comment below. We will help you as soon as possible.
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