Car leasing, the most important facts in brief
How does leasing work? What are the advantages and disadvantages? Are there any risks with car leasing? What alternatives are there? Find the questions and answers here.
Questions about car leasing
Leasing
How does it work?
What is leasing and what are the advantages and disadvantages?
Leasing costs
How do I calculate?
How much does leasing cost and how can I calculate a leasing rate?
Leasing
Questions and answers
The most important questions and answers about leasing.
Leasing: How does it work?
With car leasing, you rent a car from a car dealer or leasing company for a certain period of time, usually three to four years. During the leasing period, you pay a monthly leasing instalment that covers the cost of the car and the cost of financing, i.e. the interest. Costs for the mandatory fully comprehensive insurance, taxes, redemption and the correct tyres are not included in the monthly leasing rate and must be covered by you in addition.
At the end of the leasing contract, which is usually three years or longer, the car must usually be returned to the car dealer or leasing company. In some cases, it is also possible to buy the car.
A major advantage of car leasing in Switzerland is that it can be cheaper than buying a car, especially if the same car is only used for a relatively short time or a few years. Unlike buying or financing, the initial cost is also relatively low and the lessee bears no residual value or resale risk as the leased car is returned to the car dealer or leasing bank at the end of the lease.
The requirements for leasing in Switzerland are a valid driving licence and a good credit rating. Proof of residence and income is required for a leasing application to be considered.
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Best Price Guarantee
With our Best Price Guarantee, we show you how affordable our car subscription in Switzerland is compared to leasing. If our costs are higher, we will reduce the subscription price for you. Simply send us your leasing offer. We will check the comparison and tell you how much you can save on your car subscription.
Questions and answers about leasing
General information
How is the monthly leasing instalment made up?
The monthly leasing instalment is influenced by the price of the vehicle, the kilometre package and the interest rate. The higher these factors are, the higher the leasing instalment. On the other hand, the down payment, the term and the residual value of the vehicle determine the instalment. The higher these factors are, the lower the leasing instalment. The leasing instalment therefore only covers the costs of using the car. However, there are other costs associated with the car, which can be included as an option depending on the lease.
What is included in a lease?
First and foremost, only the costs for using the car for a certain period of time are covered. Fully comprehensive insurance, taxes, service & maintenance and tyres are additional costs that are not included in the monthly leasing instalment. Depending on the leasing provider, these can be booked for an additional charge, i.e. an increase in the leasing instalment. This is known as full-service leasing. With a car subscription, you benefit from an All-in-One package in which these costs are already included.
Can I customise my leasing contract?
With leasing, you determine the conditions at the beginning. You choose your car, the term and the kilometre package. These are then fixed and generally cannot be adjusted for the duration of the lease. If you want to adjust your leasing contract, it is best to contact your lessor. With a car subscription, you are more flexible in terms of terms, kilometres and vehicle changes.
Can a lease be terminated before the end of the term?
No, a leasing contract can only be cancelled or terminated prematurely in exceptional cases. It is therefore advisable to set terms that can be reliably adhered to. If you want to terminate a leasing contract prematurely, it is advisable to find someone to take over your lease. This way you can avoid the high exit costs.
Is leasing also available without a down payment?
Yes, leasing is usually also available without a down payment. In this case, the total costs are spread over the term of the lease so that the monthly instalment is significantly higher than with a down payment. However, the total costs remain the same with and without a down payment, only the time of payment changes.
Can I also use the car subscription for an SME?
Yes, in most cases leasing can be used by private individuals as well as SMEs and companies in general.
What is the difference between leasing and subscription?
A car subscription is the simple and inexpensive alternative to leasing. The terms are more flexible, as the subscription is available for between 3 and 48 months, while leasing usually has long-term contracts of 36 to 60 months. In addition, the low monthly fixed price of a car subscription includes all the costs of using the car (fully comprehensive insurance, taxes, tyres, registration, service & maintenance and other extras), while the monthly leasing rate only includes residual value, interest and leasing costs. With leasing, however, depending on the contract, there is also the option of buying the car at the end of the lease. This is not possible for all vehicles with a subscription.
Do I own the car after the leasing term ends?
No. When leasing, you pay for the use of the car, but must return it at the end of the term. However, depending on the vehicle and leasing contract, buying the car at the end of the lease may be an option.
Details about the leasing
Can I get a leasing down payment back?
The purpose of a down payment is usually to reduce the overall cost of the lease so that the monthly instalment is lower. The down payment is therefore not a deposit that is returned at the end of the lease if the vehicle is in good condition.
What happens if I have an accident with a leased vehicle?
In principle, the procedure is similar to any accident. In addition, the owner of the vehicle, i.e. the lessor, must be informed. The specific costs for which you are liable depend on the leasing contract and the insurance conditions. There may be additional costs for repairs, towing fees or administrative costs, among other things.
Who is the owner of the car and who owns the car when it is financed?
When leasing, you are in possession of the car for the entire duration of the contract and service period. However, the lessor remains the owner of the vehicle, which means that the car legally belongs to the lessor.
Who pays for the service, maintenance and repairs when leasing?
The costs for service, maintenance and repairs when leasing are borne by the lessee. Depending on the leasing provider, this can be booked for an additional charge, i.e. an increase in the leasing instalment. This is known as full-service leasing. With a car subscription, you benefit from an All-in-One package in which these costs are already included.
Can you return a leased car early?
Leasing contracts usually involve a long-term commitment of 36 to 60 months. The selected term is fixed and the contract cannot be cancelled or may only be cancelled in return for financial compensation. Alternatively, a leasing takeover can also take place. In this case, a current leasing contract is transferred to another person. This person takes over the vehicle including the contract and thus becomes the new contractual partner of the lessor. However, this is not always possible.
How many kilometres can you drive when leasing?
You can specify the kilometre limit in your leasing contract at the start of the contract. However, these cannot be adjusted during the term of the contract and extra kilometres can quickly become expensive. So think carefully about how many kilometres you need.
Is it possible to extend a lease by one year?
It is often possible to extend a leasing contract in Switzerland. However, this depends on the lessor and the terms of your contract. If there is an option to extend, the monthly leasing instalment for a follow-up lease is usually lower than for a new lease, as the vehicle's depreciation is highest in the first leasing period.
Are there any age restrictions on leasing?
Yes, but these vary depending on the lessor. The minimum age is usually 18, but there are also deviations or additional costs for young drivers. There may also be an upper age limit if risk factors associated with advanced age need to be taken into account.
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