Question on Leasing Early Buyout
Once again resourcing from the infinite knowledge of this forum...
A friend is leaving the country and was planning to return his leased car to the garage. I got interested in taking over his car. So we are constructing the transaction like this:
- He buys the car from the garage. The time of the purchase would be before payment #34 of a 36 months leasing.
- I buy the car from him for the same price that the garage is asking him.
For me the deal is interesting because it's a good car with a good history bring driven by someone I trust. And the price the garage is asking seems to be around 10 to 15% less than the market value of the car.
What doesn't add up to me is that the garage price is not equal to the residual value + 3 pending leasing installments, but a little more than that. I thought fair calculation should be::
Residual value + (pending installments - interest on the installments)
Not sure if VAT plays a role as it was already included in the price of the car when leasing was calculated, so impacting both the installments and the residual value.
I don't know whether the garages are usually entitled to an early termination fee or buyout fee in CH? For me it's difficult to ask as I don't have the direct relationship with the garage.
Any help is highly appreciated.