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  #21  
Old 13.06.2018, 10:08
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Re: How to back out of a car leasing???

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Yes, you can. By law there is a 14 days time for consideration (Bedenkfrist) for leasing contracts.
Write the garage an email, tell them you changed your mind. No long email, mention "ich mache Gebrauch von der 14-tägigen Bedenkfrist" thank you very much
Got a reference for that?

AFAIK this (OR §40a) only applies to contracts called "Haustürgeschäft", that is contracts concluded by phone, in your home or its immediate surroundings, or in public places that aren't a business fair.

Presumably OP signed at the garage.
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Ah that makes more sense! So I guess the true cost is more like 15-16k given annual insurance is probably 700-1000 Fr/year

I still think it feels like quite a lot of money for the car, though I guess GranTurismo model is not so small.
Vollkasko makes no economic sense for a car that's older than 3-4 years. The premium is based on the list price when new but you don't get paid more than, roughly, the typical market value.
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  #22  
Old 13.06.2018, 10:18
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Re: How to back out of a car leasing???

Vollkasko is mandatory when you lease though...
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  #23  
Old 13.06.2018, 11:36
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Re: How to back out of a car leasing???

Good day everyone, today I went to the dealership, talked to my seller and had no problem terminating the first contract. He gave me a better deal with a brand new twingo all included for less than 200chf/month. Getting my car in a week.


Thank you everybody for the information and the help. Also my seller was very kind even though I made a mistake the first time.



We can consider this thread close.



Have a great day
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  #24  
Old 13.06.2018, 11:39
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Re: How to back out of a car leasing???

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That 20k includes 5 years fully comp insurance though.
Where do you get that from?

Leasing does not include insurance by default.
At most you can get - for a car that had his factory insurance expired - 1 year insurance from the seller; and an option to extend it on a yearly basis.

At least to my knowledge
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  #25  
Old 13.06.2018, 12:04
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Re: How to back out of a car leasing???

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Where do you get that from?

Leasing does not include insurance by default.
At most you can get - for a car that had his factory insurance expired - 1 year insurance from the seller; and an option to extend it on a yearly basis.

At least to my knowledge
OP himself says that insurance is included.
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  #26  
Old 13.06.2018, 12:21
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Re: How to back out of a car leasing???

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Got a reference for that?

AFAIK this (OR §40a) only applies to contracts called "Haustürgeschäft", that is contracts concluded by phone, in your home or its immediate surroundings, or in public places that aren't a business fair.
The 14 days comes from somewhere else, and it certainly is not a default rule for all leasing contracts, but OP seems to fit all the demands needed to cancel.

Private lease is a consumer credit and thus falls under the consumer credit regulations and these state that there is a 14 day period to cancel the contract

Some of the demands:
- Minimum credit amount of 500,- and a maximum credit amount of 80.000,-
- Longer period than 3 months.
- Not backed by a real property (A house by a mortgage for example)

This also protects the lease taker since the garage/bank is obligated to check if customer can bear such financial responsibility and it sets a maximum allowed interest. Unfortunately it also opens the door for garages with bad intend to sign a separated paper for take over of the car, those cannot be cancelled or are to be cancelled against an upfront agreed upon damage refund.

Last edited by EdwinNL; 13.06.2018 at 13:09.
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  #27  
Old 13.06.2018, 12:22
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Re: How to back out of a car leasing???

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He gave me a better deal with a brand new twingo all included for less than 200chf/month. Getting my car in a week.
that's pretty impulsive. it's a really different kind of car than the Clio. anyway, enjoy driving it.
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  #28  
Old 13.06.2018, 12:46
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Re: How to back out of a car leasing???

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that's pretty impulsive. it's a really different kind of car than the Clio. anyway, enjoy driving it.
Hedging my bets, I'd have taken more of an all rounder if the term is 5 long years, like a Megane Kombi or something.

Sounds like the OP has asked for the cheapest monthly payments.

Maybe the Twingo is a similarly 'bad deal/scam' when everything gets added up.
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  #29  
Old 13.06.2018, 12:58
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Re: How to back out of a car leasing???

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Hedging my bets, I'd have taken more of an all rounder if the term is 5 long years, like a Megane Kombi or something.

Sounds like the OP has asked for the cheapest monthly payments.

Maybe the Twingo is a similarly 'bad deal/scam' when everything gets added up.
It is often worth it to simply buy the car on a bank loan, interest rates are low and there can be money saved by gaining full freedom on insurance, repairs and free choice of garage which often is not the case in lease contracts. Leasing here is often just a to me weird way of financing a car with all kinds of extra obligations, where in many other countries a lease is an almost everything included long term rent.
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  #30  
Old 13.06.2018, 13:12
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Re: How to back out of a car leasing???

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Good day everyone, today I went to the dealership, talked to my seller and had no problem terminating the first contract. He gave me a better deal with a brand new twingo all included for less than 200chf/month. Getting my car in a week.

Thank you everybody for the information and the help. Also my seller was very kind even though I made a mistake the first time.

We can consider this thread close.

Have a great day

Absolutely amazing what you can do with a bit of constructive dialogue
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  #31  
Old 13.06.2018, 13:53
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Re: How to back out of a car leasing???

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OP himself says that insurance is included.
Oh, pardon me, missed that part.
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  #32  
Old 13.06.2018, 14:13
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Re: How to back out of a car leasing???

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The guy went home tonight and told his wife "hey, I sold a car today" and she probably said "ah, that's great, babe". Maybe they sat down, calculating that if he sells two more they could take that holiday they dreamed of for a while now .... just to find out tomorrow that some expat didn't have his nanny with him when buying the car.
You weren't there.

Car salesmen can be pretty persuasive.

Could you possibly imagine why there's a 14 day cooling-off period set in law?
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  #33  
Old 13.06.2018, 14:39
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Re: How to back out of a car leasing???

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Vollkasko is mandatory when you lease though...
The fact that the leasing company requires one has no impact on whether it makes economic sense or not.
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Private lease is a consumer credit
Not really, leasing is a form of rent, that's why §266k of the code of obligations applies. Until the leasing companies added the "Restwerttabelle" you could get out early without additional payments because the retrospective demands that triggered have been ruled unlawful multiple times.
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  #34  
Old 13.06.2018, 15:08
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Re: How to back out of a car leasing???

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The fact that the leasing company requires one has no impact on whether it makes economic sense or not.

Not really, leasing is a form of rent, that's why §266k of the code of obligations applies. Until the leasing companies added the "Restwerttabelle" you could get out early without additional payments because the retrospective demands that triggered have been ruled unlawful multiple times.
Buying price, minus estimated rest value, minus initial payment = to be financed amount.

Can we agree on this?

This to be financed amount is almost always paid towards the garage by a 3rd party (often a bank, since the garage itself is mostly not a credit institute), and customer has to pay this back through monthly payment including interest.

Can we also agree on that?

If so, than how does this not count as a consumer credit in your opinion?

Also without additional payments you say, this is absolutely wrong. A car loses the most value in the beginning of the lease, and the loss of the car during the whole lease is spread out equally over all months, therefor if a lease is terminated early the lease company has to be compensated for this (according to contract), and this can very easily be a couple of thousands. This is one of the reasons why people hardly terminate their contracts but try to find people for a take over, and also the reason why taking over is often a dumb idea unless there has been a high enough initial payment or seller compensates buyer for this.

EDIT:

And to add another argument, if it is not a consumer credit, than how come the 14 days rule does apply? There is to my knowledge no law which says that within 14 days one can back out freely of a rental contract.

Last edited by EdwinNL; 13.06.2018 at 15:24.
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  #35  
Old 20.06.2018, 18:12
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Re: How to back out of a car leasing???

i don't think a 5 year lease would ever be a good idea. least of all on a used car. the payment is going to be very similar than a 3 year lease and you'll end up with 2 more years with an old car and a lot less flexibility.
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