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Leasing is an attractive way for many drivers to enjoy the benefits of a new car. However, with so many options on the market, it can be confusing. What exactly does leasing offer you, how does it differ from other models such as a car subscription and how do you keep track of your total costs?

In this article we answer the most frequently asked questions about leasing. The answers should help you make an informed decision about your next mobility solution.

1. What costs are associated with leasing?

At first glance, a leasing instalment may seem temptingly low. A few hundred francs a month is a great deal. But beware: it is important to consider the total monthly cost of a car. In addition to the monthly instalment, there are several other costs associated with a leasing contract. These include a possible down payment at the start of the lease as well as surely ongoing costs such as insurance, registration, taxes, service and maintenance and tyres. At the end of the lease, costs may be incurred if the agreed kilometre allowance is exceeded.

2. Who is the vehicle owner and who is authorised to drive the car?

The vehicle remains the property of the leasing company. This means that you only have the right to use the car for the duration of the contract, but you are also responsible for its upkeep and maintenance. Usually the lessee only has the right to drive the car. In most cases, adding other people to the driver's group requires the leasing company's permission, which you must obtain in advance and usually involves additional costs.

3. Who pays for the insurance when leasing?

As the lessee, you are responsible for insuring the vehicle. Usually a fully comprehensive policy is required to cover both you and the leasing company in the event of a claim. It is important to note that the cost of insurance is almost never included in the monthly payment. The cost is therefore additional. Alternatively, more and more leasing companies are offering so-called full-service leasing. Costs such as insurance are already included, but the monthly instalment is also significantly higher. So always check what is and is not included in your leasing contract.

4. Who pays for inspections and repairs?

The cost of regular inspections and maintenance, as well as any repairs, are usually your responsibility unless covered by warranty or insurance. To avoid any financial surprises at the end of the lease, it is essential that the vehicle meets the agreed return conditions.

5. Can I cancel the leased vehicle early and what are my options at the end of the contract?

Early termination of the lease is generally possible, but it is often associated with high costs. The exact conditions and possible charges for early termination are set out in the leasing contract and may vary depending on the leasing company. Sometimes there is also the option of a lease transfer, whereby the lease can be transferred to a third party. This option should be checked in advance.

In some cases, you may be able to buy and take over the leased vehicle at the end of the contract. A residual value is set at the beginning of the contract and must be paid at the end. This is a very attractive option if you want to keep the car.

Car subscription: your low-cost leasing alternative

While leasing is one of the many ways to enjoy a new car, a closer look at the details often reveals hidden costs and weaknesses. A car subscription, on the other hand, is a simple and cost-effective alternative that offers a number of advantages over traditional leasing.

Take the all-in-one package from Carvolution, for example. This not only includes the use of the vehicle itself, but also comprehensive insurance, registration, taxes, service and maintenance, resulting in significant cost savings.

Flexibility is also one of the main advantages of the Carvolution subscription: Kilometre packages can be adjusted on a monthly basis and the term can be extended flexibly. Once the minimum term has expired, the subscription can also be cancelled on a monthly basis. It is also easy to add additional drivers, which is a clear advantage over leasing.

With Carvolution's best price guarantee, we also guarantee that your total costs will be lower with a car subscription than with leasing. Simply calculate your individual cost comparison.

Furthermore, with a choice of over 50 models from different brands, Carvolution is sure to have the right car for everyone. Take a look at our most popular models or get a no-obligation quote from one of our experts.

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