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Old 11.01.2013, 22:16
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To lease or not to lease a new car in CH

So what do you think about leasing new cars in Switzerland?

I have leased cars in the US several times and never had a problem, but I'm wondering how it is here.

Pros:
1- You have a new car with warranty as long as you lease for 2 or 3 years (no more)
2- At the end of the lease term you just return it to the dealer or change it for something else.
3- You only pay for what you use, not the full value of the car
4- If the car breaks down its on warranty and you don't have to deal with over-prized mechanics and time wasted looking for a good mechanic.
5- Don't have to waste time searching for parts if things break down (its not easy to find parts in CH)

Cons:
1- The car needs to be maintained in very good shape during the term of the lease
2- If you go over the annual limit of kms you can drive, you end up paying big bucks for the difference
3- You need to carry full coverage insurance (which you would probably have to carry anyway if you bought it instead)
4- There is a risk of having to argue with the dealership at the end of the term, because the dealer might want to rip you off by charging you for any thing they can find wrong on the car (never had that happen in the US though)

So what am I missing? what is different in CH? Do you still negotiate on the sales price, or you usually take what the dealership offers?
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Old 11.01.2013, 22:34
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Re: To lease or not to lease a new car in CH

I don't know.. Just guessing ... But since most cars here get scratched up pretty good, the dealer may charge for a respray or just having them removed. Could be expensive
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Old 11.01.2013, 22:43
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Re: To lease or not to lease a new car in CH

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So what do you think about leasing new cars in Switzerland?

I have leased cars in the US several times and never had a problem, but I'm wondering how it is here.

Pros:
1- You have a new car with warranty as long as you lease for 2 or 3 years (no more)
2- At the end of the lease term you just return it to the dealer or change it for something else.
3- You only pay for what you use, not the full value of the car
4- If the car breaks down its on warranty and you don't have to deal with over-prized mechanics and time wasted looking for a good mechanic.
5- Don't have to waste time searching for parts if things break down (its not easy to find parts in CH)

Cons:
1- The car needs to be maintained in very good shape during the term of the lease
2- If you go over the annual limit of kms you can drive, you end up paying big bucks for the difference
3- You need to carry full coverage insurance (which you would probably have to carry anyway if you bought it instead)
4- There is a risk of having to argue with the dealership at the end of the term, because the dealer might want to rip you off by charging you for any thing they can find wrong on the car (never had that happen in the US though)

So what am I missing? what is different in CH? Do you still negotiate on the sales price, or you usually take what the dealership offers?

Hey jjrb37

If you read carefully what you wrote again, you would see that every point that you stated in "pro" was contradicted in the "cons".

Economically speaking there is nothing worse than to lease a car for few years! of course for the leaser only

If you invest some money and buy yourself a new (or in a good condition used) car (even with a credit), you will anyway have the benefits of warranty + no major repair needs to be invested WIHTOUT anyone chasing you for how many kms you drove and how well you maintained it! ...

Plus of course after 2-3 years you may sell the car and get at least 40-50% back of what you invested, depending on the car model and condition....

This is not only my personal opinion, but also from my "Wirtschaft" teacher back in school who advised us to never lease a car

Hope this helps and good luck!
Cheers
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Old 11.01.2013, 22:46
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Re: To lease or not to lease a new car in CH

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So what do you think about leasing new cars in Switzerland?

I have leased cars in the US several times and never had a problem, but I'm wondering how it is here.

Pros:
1- You have a new car with warranty as long as you lease for 2 or 3 years (no more)
2- At the end of the lease term you just return it to the dealer or change it for something else.
3- You only pay for what you use, not the full value of the car
4- If the car breaks down its on warranty and you don't have to deal with over-prized mechanics and time wasted looking for a good mechanic.
5- Don't have to waste time searching for parts if things break down (its not easy to find parts in CH)

Cons:
1- The car needs to be maintained in very good shape during the term of the lease
2- If you go over the annual limit of kms you can drive, you end up paying big bucks for the difference
3- You need to carry full coverage insurance (which you would probably have to carry anyway if you bought it instead)
4- There is a risk of having to argue with the dealership at the end of the term, because the dealer might want to rip you off by charging you for any thing they can find wrong on the car (never had that happen in the US though)

So what am I missing? what is different in CH? Do you still negotiate on the sales price, or you usually take what the dealership offers?
I think in CH there are only finance not operating leases. ie a loan secured on the car, and you have the residual value risk. But I haven't looked at this for a while.
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Old 11.01.2013, 22:57
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Re: To lease or not to lease a new car in CH

I had a five year lease on my car, 9 years after the end of the lease I still have it.

A good deal.

Tom
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Old 11.01.2013, 23:00
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Re: To lease or not to lease a new car in CH

I would suggest to lease a second hand car from your preferred marque which had one owner only. It will cost you half price of the brand new model and most likely very well maintained as it is a case of Swiss vehicles. Then you can have an option to return it or keep it. Remember that the brand new car which leaves the garage already loses 50% of its value so why not go for something not too old and yet in a good condition. You catch my drift.

Last edited by jacek; 11.01.2013 at 23:11.
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Old 11.01.2013, 23:09
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Re: To lease or not to lease a new car in CH

Take out a bank loan at the Migros bank.

Look around, strike a good deal and buy a car. More flexible, no unknown extra charges. The loan interest is tax deductible.

What do you do if you have to leave Switzerland? How do you sell your old lease on to someone?
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Old 11.01.2013, 23:17
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Re: To lease or not to lease a new car in CH

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I don't know.. Just guessing ... But since most cars here get scratched up pretty good, the dealer may charge for a respray or just having them removed. Could be expensive
Eh? First I heard of this...
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Old 11.01.2013, 23:41
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Re: To lease or not to lease a new car in CH

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Take out a bank loan at the Migros bank.

Look around, strike a good deal and buy a car. More flexible, no unknown extra charges. The loan interest is tax deductible.

What do you do if you have to leave Switzerland? How do you sell your old lease on to someone?
You make a good point and that would be another negative aspect.

If you have to leave Switzerland and you are stuck on a lease then you would have to sell the car to someone, then pay the bank the residual.


If you wanted to end your lease early, you would have to call the bank to find out what is your residual (the amount you would have to pay if you wanted to buy the car), then sell the car to someone and pay the residual to the bank. Example, if your residual is 10,000 chf, and you sell your car for 12000 chf, then you pay the bank 10,000 chf and you recover 2000 chf. But if you sell the car below residual value then you loose. It all depends on the kind of deal (sales price) that you got when you originally leased the car.

Last edited by jjrb37; 11.01.2013 at 23:53.
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Old 11.01.2013, 23:56
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Re: To lease or not to lease a new car in CH

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Eh? First I heard of this...
I did not mean intentionally scratched. Parking spaces are very narrow. Where I live, people complain about parking damage a lot. Maybe you don't use undeground parking. Often you just cant help but ding another car with your door
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Old 12.01.2013, 00:04
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Re: To lease or not to lease a new car in CH

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I did not mean intentionally scratched. Parking spaces are very narrow. Where I live, people complain about parking damage a lot. Maybe you don't use undeground parking. Often you just cant help but ding another car with your door
No my friend. The cars that leave courtyards from renown marques dealers must be in perfect condition by law and no scratches. I had it on good authority that people at fault tend to even leave a note with their details when caused damage to another parked vehicle. Most likely not everyone but scratching and bumping your car is definitely not a game here and people usually respect the private property.
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Old 12.01.2013, 00:09
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Re: To lease or not to lease a new car in CH

I am not even sure what you are talking about. What renowned marques?

You live in a parallel universe my friend. People are not that nice. Certainly not the little old ladies with a chip on their shoulder

Do they even have cars in Aargau?
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Old 12.01.2013, 00:16
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Re: To lease or not to lease a new car in CH

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I am not even sure what you are talking about. What renowned marques?

You live in a parallel universe my friend. People are not that nice. Certainly not the little old ladies
My chap from local BMW second hand cars garage gave me a good lecture on that one and how many cars would sell if the quality wasn't controlled.

Don't know in which neck of woods you live and have rant with old ladies which I assume are drivers. In my parallel universe, I park everyday next to 70 year old neighbour who always makes sure she parks a reasonable width away from my six-cylinder shiny jewel.
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Old 12.01.2013, 00:17
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Re: To lease or not to lease a new car in CH

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I did not mean intentionally scratched. Parking spaces are very narrow. Where I live, people complain about parking damage a lot. Maybe you don't use undeground parking. Often you just cant help but ding another car with your door
Ok, if you are sure that the car will be bumped, scratched and dented by other cars in the parking lot, then leasing is out of the question.
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Old 12.01.2013, 00:19
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Re: To lease or not to lease a new car in CH

I am glad you have a friend at BMW but how the condition of cars leaving the dealers lot is relevant to this discussion is beyond me.

You have 6 cylinders in your car? Really? That many? Well keep stroking your jewel until it is properly shiny
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Old 12.01.2013, 00:20
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Re: To lease or not to lease a new car in CH

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Ok, if you are sure that the car will be bumped, scratched and dented by other cars in the parking lot, then leasing is out of the question.
All I was saying is check if minor scratches will require repairing at lease end
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Old 12.01.2013, 00:27
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Re: To lease or not to lease a new car in CH

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I am glad you have a friend at BMW but how the condition of cars leaving the dealers lot is relevant to this discussion is beyond me.

You have 6 cylinders in your car? Really? That many? Well keep stroking your jewel until it is properly shiny
I guess it has bugger all to do with the discussion at hand. The point is that you aren't usually sold the scratched cars but what you do with them later and how you take care of them it is your problem not the dealers.
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Old 12.01.2013, 00:34
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Re: To lease or not to lease a new car in CH

Bugger all is right. Although it gave you an opportunity to tell us that you drive a BMW. I am suitably impressed
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Old 12.01.2013, 10:02
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Re: To lease or not to lease a new car in CH

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So what do you think about leasing new cars in Switzerland?

I have leased cars in the US several times and never had a problem, but I'm wondering how it is here.

Pros:
1- You have a new car with warranty as long as you lease for 2 or 3 years (no more)
2- At the end of the lease term you just return it to the dealer or change it for something else.
3- You only pay for what you use, not the full value of the car
4- If the car breaks down its on warranty and you don't have to deal with over-prized mechanics and time wasted looking for a good mechanic.
5- Don't have to waste time searching for parts if things break down (its not easy to find parts in CH)

Cons:
1- The car needs to be maintained in very good shape during the term of the lease
2- If you go over the annual limit of kms you can drive, you end up paying big bucks for the difference
3- You need to carry full coverage insurance (which you would probably have to carry anyway if you bought it instead)
4- There is a risk of having to argue with the dealership at the end of the term, because the dealer might want to rip you off by charging you for any thing they can find wrong on the car (never had that happen in the US though)

So what am I missing? what is different in CH? Do you still negotiate on the sales price, or you usually take what the dealership offers?
Leasing here in Switzerland will be more less on same conditions like everywhere else. You can choose how much you are willing to put down and how long the lease term will be e.g. 2-4 years. You will be required to pay full casco insurance in that period, max amount of km per annum e.g. 20000km (if exceeded you will pay extra per km) and at the end of lease will be given option to either keep it or return it to the dealer. You can also find someone to take over your lease but it might be more difficult. There are plenty of cars all over CH and you can check e.g. www.autoscout24.ch First define what you really want then narrow the search down and contact the dealers to discuss exact lease conditions. They will be happy to go through the lease agreement together with you.

Bugger, hope I'm on topic now
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Last edited by jacek; 12.01.2013 at 12:50.
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Old 12.01.2013, 10:22
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Re: To lease or not to lease a new car in CH

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No my friend. The cars that leave courtyards from renown marques dealers must be in perfect condition by law and no scratches. I had it on good authority that people at fault tend to even leave a note with their details when caused damage to another parked vehicle. Most likely not everyone but scratching and bumping your car is definitely not a game here and people usually respect the private property.

Unfortunteal, this "respect for other's property" is not happening often, any more..
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