Piaggio India announces that it has partnered with automotive financing startup OTO Capital to offer vehicle leasing plans to the customers of Vespa and Aprilia range of scooters in Pune and Bengaluru.

The facility allows leasing of Vespa or Aprilia scooters for low down payment and with 30 per cent discount on the EMI besides other benefits. The company also announced a special benefit – waives off up to Rs 2,500 on the first month’s subscription fee. Customers also have the option to upgrade or own the scooter at the end of the tenure. In addition, customers can avail quick and paperless leasing process across Vespa and Aprilia dealerships through the OTO app.

In the same line, employees of corporates who have tied-up with OTO Capital can enjoy hassle-free leasing of Vespa and Aprilia scooters and secure flexible ownership plans, that also provide them with additional tax savings.

The company said that the merit of this new ownership model lies in the fact that one would have to pay only for the number of years they want to keep the vehicle and then return it anytime, thereby paying less and gaining more on their Vespa and Aprilia models.

Diege Graffi, Chairman and Managing Director, Piaggio India said, “We see flexible ownership to be a desirable new trend amongst the youth of India and we believe Vespa and Aprilia would lead it to extend the premium experience to the aspirants”.

Vespa recently launched the special-edition Racing Sixties and has also introduced the new facelift BS6 range. On the other side, Aprilia introduced the 160 CC SR range with BS6 and has recently launched the Storm Disc brake and Digital cluster model.

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