JLR India has introduced a Guaranteed Buyback Program for customers purchasing select Range Rover, Defender and Discovery models in the country. The new initiative promises an insured future value of up to 55 percent of the vehicle’s ex-showroom price.Developed specifically for the Indian market, the program combines a pre-determined redemption value with enhanced financing options. Eligible customers can opt for a flexible ownership period while receiving a guaranteed minimum buy-in value at the end of the contract period, subject to model eligibility, mileage restrictions and retailer-specific terms and conditions.According to the company, this plan addresses one of the key concerns of luxury car buyers: resale value. By setting a minimum future value at the time of purchase, buyers gain greater clarity on cost of ownership and can plan future upgrades with more confidence.Commenting on the announcement, Rajan Amba, Managing Director, JLR India, said the program is designed to give customers greater confidence by guaranteeing the future value of their vehicle. In addition to guaranteed buyback, JLR India has also introduced enhanced financing solutions that offer more flexible monthly payment options. The company says these financing plans are aimed at improving the convenience of ownership and making it easier for customers to upgrade to a new JLR vehicle in the future.The guaranteed buyback program will be available through authorized JLR dealers across India. However, the company clarified that the insured value, length of ownership, mileage limits and eligibility criteria may vary by model and dealer.Stay tuned to TOI Auto for the latest updates on the automotive sector and follow us on our social media on Facebook, Instagram and X.
