0% -Leasing offers in Switzerland
It sounds really sensational: rent the new car simply interest-free – currently advertise several car companies in Switzerland.
For customers who want a new car, but can not put the necessary francs on the table, that’s tempting. However, you should not be blinded by the offers with zero-percent leasing.
Who exactly calculates, quickly realizes that the offers often turn out to be decoys and are not as cheap as it seems at first glance. For 0% leasing, the dealer will only charge you the standard leasing rate of four to five percent on certain models. Sounds like a lot, but in Franconia this amount is often ridiculously deep – three examples:
- A Mitsubishi ASX costs just under 220 CHF per month with a 0% lease. With a leasing rate of five percent, the Japanese would be just 11 CHF more expensive. As a lessee, you will receive just CHF 270 for a 24-month term.
- Leasing customers of the popular SUV Fiat 500X Trekking are a bit better off: with 0% leasing, after four years you can save a good 550 CHF after all.
- Those who opt for a slightly more expensive car, such as an Opel Insignia Sport , naturally saves more. As a lessee you pay here at zero percent per month for a four-year lease contract CHF 348. Regular leasing would cost 36 CHF more per month here – after a total of 48 months a good saving of 1.700 CHF will be saved.
Savings tip: Leasing is very expensive overall. As a cash payer – even with a cash advance in your pocket – you will generally receive good additional discounts in Switzerland. Alone, these are usually higher than the leasing rate saved in so-called zero-percent leasing.
Disadvantages of leasing
- High down payment, hefty residual value: As a lessee, you often have to pay high down payments. In the example Fiat 500X it is after all 3,300 CHF. Also at the end of the lease, you have to dig deep into your pocket if you want to keep the car: in our three examples, the residual value due is a hefty 11,000 to 13,000 CHF.
- Expensive comprehensive insurance: For leasing vehicles, a comprehensive insurance is generally mandatory in Switzerland. This costs at least around CHF 400 more per year than the usual partial comprehensive insurance. Young drivers, on the other hand, have to spend as much as CHF 1,000 more – per year.
- Annoying workshop commitment: Car leasing may only be maintained by branded garages with original spare parts. Even if you usually always go to the brand garage in the first two years – after the warranty period, the repair in an independent garage will cost you much less.
- Usual mileage limit : The most annoying thing about leasing is the limited mileage. Especially with the zero percentages are usually included only 10,000 kilometers per year. For most, this is not enough in everyday life. If you drive more and want to return the car after the leasing time, then you will get the rude awakening: up to 50 cents per additional kilometer will be due. Most annoying: Any damage that goes beyond normal signs of use, the Garagist will additionally charge you at the end of the agreed lease term – and that is mostly a matter of opinion.
Conclusion : In the end, a free leasing at zero percent for the vast majority of consumers to the clear minus business.
Small loans from the bank usually the better choice
You absolutely need a new car, but currently have too little cash for it? Then you should rather look for a cash advance , or rather just take a special car loan at the bank. Some banks are already outsourcing loans to five percent. Hardly more expensive than common leasing rates, and you have several advantages. You own the car from the beginning. Thanks to the cash discount, you can usually save up to ten percent and more when you buy. And as a private, the debt interest can also be deducted from the tax . With leasing interest this is not possible in Switzerland.
Tip: If lease, then only with legal protection.
However, if you do not want to forego leasing, you should definitely take out a legal expenses insurance before signing the lease contract. Because, no matter whether premature exit from the lease, or discussions about the amount of the final invoice at the end of the lease. Lease conflicts are usually pre-programmed. And without legal assistance, you have consumers here usually bad cards.
With leasing in the debt trap
Car costs are often a reason for financial difficulties. Therefore, future car owners should write down all expenditures prior to purchase and mercilessly include all costs. Only then does it become apparent whether a car can even fit into the household budget. For leased cars, the TCS has laid down the rule of thumb:
- The actual cost of a leased car is three times the leasing rate per month.
- If you lease a car, you must also be aware that the lessee has no right to keep the car at the end. Not even if a residual value has been agreed in the contract. Because a leasing contract is legally not a purchase, but a lease.