Go Back   English Forum Switzerland > Help & tips > Transportation/driving
Thread Tools Display Modes
Old 29.06.2016, 15:09
edu edu is offline
Newbie 1st class
Join Date: Aug 2010
Location: Zurich
Posts: 26
Groaned at 0 Times in 0 Posts
Thanked 5 Times in 4 Posts
edu has no particular reputation at present
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.
Reply With Quote
Old 29.06.2016, 15:23
dodgyken's Avatar
Forum Legend
Join Date: Apr 2010
Location: Democratic Republic Kenistan
Posts: 10,746
Groaned at 360 Times in 294 Posts
Thanked 19,401 Times in 7,402 Posts
dodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond repute
Re: Question on Leasing Early Buyout

View Post
Residual value + (pending installments - interest on the installments)
Not that bit. It should be just total outstanding balances - IE payments + final payment/restwert.
Reply With Quote
This user would like to thank dodgyken for this useful post:

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Car Leasing - crazy charges for cancelling early!! mattystar Transportation/driving 13 14.02.2016 09:55
Car leasing calculator question VizslaMoose Transportation/driving 15 05.06.2015 22:11
Question about leasing and taxes aviscido Finance/banking/taxation 2 25.02.2014 05:47
Quick but unusual question on leasing/buying car Breezy Transportation/driving 2 19.11.2008 16:37

All times are GMT +2. The time now is 19:30.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0