Maruti Suzuki Subscription – Documents, Eligibility

Owning a car is everyone’s dream. We all have that one car that is enticing enough to make us want it. We save our funds and try to fit the cost of the car into our budget to purchase the vehicle.

But, the cost of the vehicle is a lot, hence, we something kill the dream of thinking more practically. Now, no more of that, you can simply subscribe to the vehicle.

Maruti Suzuki, India’s no.1 selling car company provides you an opportunity to own a vehicle without actually owning it.

Well, you might be asking how that will work.

It works with Maruti Suzuki Subscription plans. In this article, we will discuss Maruti Suzuki Subscription, the documents required, eligibility, etc.

But first, let’s find out what is Maruti Suzuki Subscription.

What is a Maruti Suzuki Subscription?

Maruti Suzuki Subscription is a subscription plan powered by the Maruti Suzuki motors where a user instead of buying the vehicle, can simply subscribe to the vehicle and pay only for using the car.

A normal car owner has to bear various costs like Purchasing the vehicle, RTO cost, insurance, etc. these costs are a lot hence, the car owner has to put in a lot of capital in procuring and maintaining the car along with an upfront down payment as well.

All these costs are reduced or eliminated with the Maruti Suzuki Subscription plan, here you’ll get any of the Maruti Suzuki cars in a subscription plan without having had to pay for any of these costs. The only cost that you’ll have to pay is the monthly subscription coast and the fuel cost.

Apart from this, you’ll also get benefits like roadside assistance, hassle-free ownership, customizable plans, etc.

Subscription vs Owning a Car

	Subscription	Owning a Car
Ownership	The ownership of the car will be that of the company and you are just the subscriber	You have full ownership of the vehicle
Cost	The cost of a subscription is less than the cost such as monthly subscription, fuel cost, and first-time enrolment cost.	The cost involved in owning the car is insurance, cost of the vehicle, RTO, fuel, damages (if any), etc.
Down Payment	No down payment required	At least 10% of a down payment is required and 90% of the vehicle will be financed
Finance	Not required	Generally, finance is required
Kilometre Driven	Limited Kilometre is driven and chosen by you	Unlimited as much as you want
Additional Features	After the completion of the tenure of the subscription, you’ll have the option to buy back the vehicle at the market price rate. Tax Rebate provided up to 30% of the vehicle’s subscription cost	Reselling the vehicle will put money back into your pocketYou can claim back GST and depreciation of the vehicle if you have a business

Features of Maruti Suzuki Subscription

The following are the Features provided by the Maruti Suzuki Subscription-

• Maruti Suzuki Subscription provides the user with a car without having to pay any down payment. With 10% of the down payment, the price of the car is still high but with the subscription plan you can avoid this payment and only pay monthly for driving the vehicle
• You have a customizable subscription plan for up to 48 months to subscribe to the vehicle
• It will be hassle-free ownership where you do not have to pay for Maintenance costs, Insurance costs, Cost of Accessories, Interest on the loan amount, road tax, and registration, just pay as you use
• Car is a depreciating thing hence, the resale of the car will be lower as the year passes, but with the Maruti Suzuki Subscription option, you do not have to worry about any of these things
• With Maruti Suzuki Subscription, you’ll get 24×7 Roadside Assistance at no additional cost

Maruti Suzuki Subscription Eligibility

The following are the eligibility criteria for the Maruti Suzuki Subscription-

• Any individual within the age criteria i.e., between 18 to 65 years of age can opt for this program
• The credit score of the individual must be good i.e., above 750

Maruti Suzuki Subscription Process

The following is the process for applying for the Maruti Suzuki Subscription-

• Visit the official website of the Maruti Suzuki Subscription by following this link- https://www.marutisuzuki.com/subscribe/preferences
• Now, Select the date range followed by clicking on the next button
• After clicking on the next button, select the car model you want to drive
• Now, select the prince range which is comfortable for you to pay monthly, and click on the next button
• After clicking on the next button, you’ll find various cars listed, just select the one you like by clicking on the Configure now button
• After clicking on the Configure now button, you’ll find the summary of your configuration. When you are satisfied with the selection, just click on the Enquire button
• A popup will appear where you’ll have to enter your phone number and validate the number by entering the OTP
• After OTP validation, you’ll receive a call where the customer executive will inquire about your requirement and will send an executive to your home to further complete the formalities
• After completion of the formalities, you’ll be able to use the car as your own and just pay a monthly amount for the subscription

Documents Required for Maruti Suzuki Subscription

The following are the documents required for the Maruti Suzuki Subscriptions-

Salaried Employees

• Application form
• Experian/CIBIL consent letter
• Income Tax Returns (ITR) for the last two years
• Last six months’ bank statement
• Permanent Account Number (PAN) Card
• Driving license
• Proof of address

Proprietorship/ Self-Employed Professionals

• Driving license
• Experian/CIBIL consent letter
• Last six months’ bank statement
• ITR/ audited financials for the last two years with computation
• Shop and Establishment Certificate/ GST Certificate
• PAN Card
• Application form
• Proof of address

Partnership Firm

• Driving license
• Last six months’ bank statement
• Contact details and the main promoter’s official email ID
• Experian/CIBIL consent letter
• COI, MOA-AOA, and Partnership Deed
• Audited financials for the last two years
• Latest shareholding pattern/ Profit Sharing Ratio
• Proof of address
• PAN Card
• Application form

Private Limited Companies

• Driving license
• Contact details and the main promoter’s official email ID
• COI and MOA-AOA
• Last six months’ bank statement
• Proof of address and PAN Card of the main promoters
• Latest shareholding pattern
• Experian/CIBIL consent letter
• Audited financials for the last two years
• Shop and Establishment Certificate/ GST Certificate
• Application form

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