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  #21  
Old 04.05.2011, 11:37
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Re: Car rental for a longer period

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Nobody has mentioned it thus far but mobility has a rental scheme. It's not the normal mobility scheme, you rent the mobility car on a monthly basis and keep it at home, it's just for you. It's 780 chf per month

http://www.mobility.ch/en/pub/additi...nthly_rent.htm


Yes but I still doubt if renting is a 'cheaper option' when it comes for long term.

For the sake of example lets take mobility ,CHF 798 monthly
Not included in the price: Fuel, additional kilometres (price/additional kilometre: CHF 0.20), cleaning, parking, one-time deposit of CHF 1'000.-

So in all it would still be around 900 chf monthly. (Yearly 10,800CHF)

Instead if you go for buying a 'practical' car (10-15k) you pay around 500-700 CHF per month or less.(with parking and insurance)

End of 4 years, assuming the car has not been abused, it will still give 50% return.

(Renting would only provide flexibility as in number of seats and change of car etc , No ''headache" if you have to leave the country,Also if the financial situation changes you can simply stop renting it, But all this comes with a cost)
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  #22  
Old 04.05.2011, 11:44
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Re: Car rental for a longer period

It's definitely not the cheaper option for long term. But:

If you're new to a country, haven't landed yet and need a car to commute/kids school drops on a daily basis, this is the perfect solution for a couple of months until you're on the ground and can scope out what's best - whether you really need a car, whether second hand with a guarantee, leasing etc.
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  #23  
Old 04.05.2011, 11:46
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Re: Car rental for a longer period

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Consider a 50K car. You pay a deposit of 10K. At the end of the leasing period, you give the car back, or pay, say, 20K to keep it. During the leasing period, you pay off the additional 20K, plus interest. If the leasing period is 3 years, and interest is 2.9%, you'll pay 580.74 a month. Add the deposit on, and that works out at about 860 a month. Not bad for a Volvo V50 2.0D with 6'000Km on the clock, for example.

The 20K you pay off is funded by a bank loan. The garage gets its 30K immediately.
Not quite!

Using the above - 50k car - deposit of 10k - final payment 20k.

Garage A sells car to Mr X who purchases the car using Lease company L.

X agrees with L
L pays A for the car
A agrees to purchase car from X at the end of the lease.

A gets the full 50k at the time of purchase.

The L will charge X interest on the FULL debt for the lease period - AND not just the difference between the deposit and future value.
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  #24  
Old 04.05.2011, 14:40
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Re: Car rental for a longer period

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It's definitely not the cheaper option for long term. But:

If you're new to a country, haven't landed yet and need a car to commute/kids school drops on a daily basis, this is the perfect solution for a couple of months until you're on the ground and can scope out what's best - whether you really need a car, whether second hand with a guarantee, leasing etc.
Absolutely!
my argument was due to the fact that the OP is looking for renting as long as 4 years.
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  #25  
Old 12.05.2011, 16:59
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Re: Car rental for a longer period

Thanks for all the suggestion.It really helped in making my mind up.
Again thanks to all

Regards,
Naom
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