a. The lender may ask for your PAN and Aadhar.
b. Your bank statement may be asked.
Faq Catergory: Electric Vehicles
Do you offer loan for purchase of an EV 2 wheeler?
a. We have loan offers from lenders that you can choose if you feel it suits your
needs.
b. Select “Apply for a loan” option at checkout for us to direct you into the loan
application.
How do I make monthly subscription payments?
a. During the application process, we will register your NACH mandate (Standing
Instructions) for auto debit. It will automatically debit the required amount from
your account towards subscription payment.
What happens at the end of the subscription period?
a. You can return the vehicle and get your security deposit refunded.
OR
b. You can pay the residual value of the vehicle and own it.
OR
c. You can upgrade to a different vehicle.
Can I drop out of the subscription programme before the end of my tenure?
a. No. We have carefully arrived at the subscription amount so that you get the best
price and we don’t take a loss on financials. In exceptional circumstances, please
write to support@ecozaar.in and we will evaluate these requests on a
case-to-case basis
How does the subscription work?
a. The most popular EV scooters are available for subscription.
b. You get a brand new EV scooter in this programme.
c. If you own a petrol scooter that fits our exchange programme, you get a great
deal on the subscription plans.
d. All you need to do is to select the subscription plan that suits you and complete a
short online subscription application, mandate registration, and an
e-agreement.You won’t have to do anything after the approval. We will take care
of insurance and registration.
Will I get any tax benefit if I take 2W EV?
a. Please refer to section 80EEB of the Income Tax Act.
Will I be able to sell my vehicle on your platform?
a. We offer exchange coupled with our subscription plans. Users can’t sell their
used vehicles on this platform just yet.
I own a petrol two-wheeler. How can I switch to an EV two-wheeler?
a. We offer an exchange where you can trade-in your petrol two-wheeler for an EV
two-wheeler.
b. At this point in time, the exchange plans are applicable only on subscription
plans
Will I be able to buy insurance for my vehicle purchase?
a. Yes. We do have insurance partners that offer highly competitive insurance plans
on this platform.
b. At this point, the choices we offer are insurance plans from our insurance
partner(s) and the dealer insurance.