In whose name will the car be registered ?
The subscribed car will be registered in the name of
MYLIS Business Partner/affiliate.
In whose name will the car be registered ?
The subscribed car will be registered in the name of
MYLIS Business Partner/affiliate.
What color number plate would the vehicle bear?
All our vehicles under the Subscription program will bear a white number plate
(Private registration).
Will we get New Cars or used cars ?
The offering will be provided for New Cars
Can I select the colour of my car?
Toyota Subscription offers multiple colour options to choose from.
Do I need to be GST registered?
GST registration is NOT necessary in order to subscribe to a car.
Can I get GST Input Tax Credit?
You will get monthly invoice from MYLIS. GST component will be there in the invoice. If
the car is being used for business purpose, you can claim GST
in accordance to
GST law.
What do you mean by Lock-in period?
Lock-in period refers to the period, during which you are not permitted to cancel
the subscription. Lock-in period is 12 months.
Can I extend my tenure?
Yes, tenure extension option is available. Upon extension, subscription charges will
be revised accordingly.
Which car models are available for subscription?
- Toyota Glanza
- Toyota Yaris
- Toyota Urban Cruiser
- Toyota Innova Crysta
- Toyota Fortuner
What are the inclusions in the subscription rental?
The inclusions are as below:
Vehicle usage Cost, Road Tax, Vehicle registration, Insurance coverage, and
maintenance for Kms opted, accessories (Mud flap & Floor mats).
Maintenance includes all scheduled & unscheduled services, tyre n Battery as well as accident
claim
repairs as per insurance coverages,
excluding the ones which occur due to misuse &
negligence.
24 X 7 Roadside Assistance.
Once I subscribe, can I retain the vehicle after the tenure end?
Yes, buy back option is also available. Buy back price shall be provided on basis of tenure, usage
and
market value assessment. For more details kindly contact nearest dealer where susbcription services
are
offered.
When can I return the car? And what if I want to return the car within the usage period?
At the end of the subscription term car to be returned back.
Foreclosure during Lock in period: Subscriber to pay subscription amount set for
remaining Lock in period.
For example, Car is subscribed for 24 months @ Rs. 20k per month and subscriber
wants to
Foreclose at the end of 7 months. In this case Subscriber to pay 12 months
Subscription
rental @ Rs. 25k per month less the amount he has already paid in 7 months.
(25,000X12=
3,00,000, less already paid in 7 months 20,000*7=1,40,000) Rs. 1,60,000/-
Foreclosure after Lock in period: Subscriber to pay subscription amount set for
tenure
shorter than the one selected by subscriber, for the period subscription has been
availed.
For example, Car is subscribed for 24 months @ Rs. 20k per month and subscriber
wants to
Foreclose at the end of 18 months. In this case Subscriber to pay 12 months
Subscription
rental (set for tenure shorter) @ Rs. 25k per month for 18 months less the amount he
has
already paid in 18 months. (25,000X18= 4,50,000, less already paid in 18 months
20,000*18=3,60,000) Rs. 90,000/-
How do I get started with the subscription ?
You can start your subscription online.You need to upload Pan Card, Driving License and Aadhaar
Card/Passport on the link provided for soft approval. Based on these documents, our partner MYLIS
will
intimate to share the remaining documents (Depends on your occupation). Once the remaining documents
are
submitted, MYLIS will intimate on the credit approval. After the approval, you need to pay the
Security
Deposit, Advance rental,submit 6 PDCs and set up SI/NACH. The order for the car will be placed and
it
will be delivered as per the timeline.
What are the documents required?
- Application Form online
- KYC documents (Pan Card Copy, Valid Driving License, Aadhaar Card/ Passport)
Additional documents to check credit worthiness includes but not consider as a
exhaustive list:
-
Financials (Audited financials, TDS returns, ITR's in case of co docs and Form-16,
Salary Slip for salaried profile)
- 6 months latest Bank statement
- TAN & GSTIN no (For Non Salaried Customers)
- Latest Address Proof
-
Organizations - Partnership deed/Certificate of Incorporation/ List of
shareholders/list
of directors copy (for non-salaried customers )
-
Original documents will be verified and the TAT for eligibility criteria will be 3
working days.
Note : Additional documents may be asked, if required.
How long will it take to get the car?
The subscribed car delivery usually takes 45 days from the time of booking, subject to
timely submission of documents, verification and availability
of the
car
. You'll be kept
informed at all stages in the case of any changes or unforeseen delays.
Do I need to be physically present for taking the delivery of the car?
Yes,the person who applied for car subscription, needs to be present for the key handover, along
with
original documents. A checklist needs to be signed at the time of taking delivery.
When do I need to pay the monthly subscription fee?
Subscription fee is to be paid to our subscription partner on a monthly basis on
pre
scheduled date day of every month.
This date will be the date
on which vehicle is
delivered to you. For example if vehicle is delivered on 17th of current month, next
SI/
NACH would be debited from 17th of next month.
How can the payment be made?
Payment will be made through an online auto-debit mechanism from your bank
account/credit card for the tenure of the subscription. The auto-debit will get disabled
once you return the car.
What are the charges in case of damages?
You shall only pay amount not covered by insurance co.
What is negligent driving ?
Any case where the insurance company rejects to pay for damages it believes has been caused by
irresponsible driving - e.g. drinking & driving, minors driving, driving without a valid driver's
license at the time of accident,
all as per the
insurance
policy.
What are the charges in case of late payment?
For any delay after the due date, a penalty at the rate of 2% in outstanding amount will
be charged for the delayed period.
Who will pay for tolls, parking, inter-state taxes, fines & challans?
All toll, parkings and interstate taxes,Fastag recharges, fines/challans, will be borne
by you. Fastag for the vehicle will be procured by the service provider.
Who will recharge Fastag?
Fastag shall be recharged by MYLIS. The Fastag usage
will be invoiced to you with GST.
Can I share my car with someone and split costs?
Yes, treat it as your own car. But please remember that you will continue to be
responsible for the car (and all associated incidents) even when someone else in your
family is driving it. This excludes commercial usage of the car (e.g., using it as a
Taxi, or sub-renting it), which is not allowed. Please refer to the agreement for terms
of usage of the car.
What happens if we end up exceeding the agreed mileage / KM for the year?
Your subscription charges covers the annual Kms opted , or as accumulated kms for the
entire tenure subscribed . Any extra kms driven beyond the accumulated kms, are
chargeable as per agreement.
Who will take care of the maintenance of the car?
Our subscription partner will take care of the maintenance, which will be done at Toyota
authorized workshop.
What is included in maintenance?
Complete maintenance (scheduled + un-scheduled+ tyre + battery + insurance repairs),
including regular wear and tear. Not included are repairs arising out of
misuse
and
negligent driving.
What is meant by misuse or negligence driving?
Misuse and negligent driving including but not limited to :
- Minor driving.
- Over loading & racing competition.
- Commercial usage.
- Drinking & driving.
- Violating any traffic rules as per RTO.
- Driving beyond the Indian geographical area.
- Not following standard PMS schedule as per OEM.
- Modification of car systems.
Will pick and drop of the car be provided for periodic servicing?
Yes, this is an optional servicce.
What happens if the car breaks down or meets with an accident?
In case of an unfortunate event, please notify us immediately and we will guide you
through the entire process. We will coordinate with road-side assistance and insurance.
Unless unavoidable, please do not leave the place of the accident until proper support
has arrived. You may be required to file/sign formality documents associated with the
accident.
What services are not covered for free by roadside assistance?
As the subscriber, the following cases will be charged to you:
- Retrieval of key locked inside the car.
- Tyre puncture.
- Fuel arrangement and filling.
- Jobs related to externally fitted CNG/LPG kits.
-
Battery jump start required ( If battery becomes drained due to the subscriber's
negligence).
What should I do in the case of accidents involving third party damage, or bodily injury to
a third person, or causing the death of a third person?
Notify our subscription partner MYLIS within 24 hours
of the accident
at 88-8222-2222
/help@MYLIScars.com
with all the details, and lodge a complaint/First
Information Report
with the nearest police station. In case of an accident involving damage to the car, or
third party property damage, or bodily injury to a third person, you will have to
provide our subscription partner with these neccessary details below
and shall, if
required, appear before the Court or any other authority.
- Date, time, and place of accident
-
The license plate numbers of any other vehicles involved, their make and year, their
identification number (serial number), and the insurance certificate's number (with
name, address and phone number of the insurance agent).
-
The names, addresses, and driver's license numbers of the persons involved in the
incident.
-
The name, address, and driver's license number of the owner of the vehicle (if he or
she is not the driver).
-
The name, addresses, and phone numbers of witnesses, passengers, and any other
involved persons.
-
Circumstances of the accident, describing immediate surrounding environment and the
position of the car prior to the accident.
-
A police report is required regardless of liability or fault. You shall specify in
your detailed written complaint to the police the actual facts only. You shall
ensure that such complaint shall not contain any discrepancy, inconsistencies or
distortions from actual facts as the same would be detrimental to a valid insurance
or other claim by MYLIS. Any loss occasioned to MYLIS due to an inconsistent or
distorted complaint by you shall be borne by you.
What happens in case the car gets stolen?
You shall immediately notify Toyota Subscribe via email on the ID shared in the
subscription agreement, about the theft of the car with details, and lodge a
complaint/First Information Report with the nearest police station. Your liability in
case of theft would be the difference between the Book Value and the insurance
settlement amount, or the entire Book Value due to negligence.
What condition do I need to return the car in?
Normal wear and tear is acceptable. Any damage due to misuse and negligent driving will
be chargeable.
Are there any restrictions to where I can travel?
You can drive within Indian geographical limits.
Can I make modifications or alterations to the car?
No, you cannot make any modifications or alterations to the car provided to you.
However, you can fix detachable accessories which can be easily removed, as long as the
warranty of the car doesn’t get affected.