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Old 05.02.2019, 15:22
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Lease - No buy option?

Hey everyone,

1st post here. Looking forward to contributing and meeting you all

I have been here for around a year, took out a lease on my 1st Swiss car in September. It's a 4yr contract. I have only just realised that the contract states "no buy option" on the lease. It is an Audi from an official Audi dealer but the lease is from CashGate. I was told by the dealer that its no problem, they just sell me the car anyway at the guaranteed future value. Is this correct? i know i should have checked but it really just didn't occur to me that anyone in Switzerland would lie as they are all usually so honest and up front about these things!

Anyway, thank you for the help in advance .
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Old 05.02.2019, 23:37
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Re: Lease - No buy option?

No worries, you just buy the car at the "restwert" value written on your contract 4 years later. (the remaining value , purchase value minus down payment + monthly installments + interest over the 4 years).
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Old 05.02.2019, 23:41
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Re: Lease - No buy option?

They can still sell the car to you, but the choice is theirs since it is not agreed upon they are not obligated to do so.
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Old 05.02.2019, 23:42
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Re: Lease - No buy option?

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No worries, you just buy the car at the "restwert" value written on your contract 4 years later. (the remaining value , purchase value minus down payment + monthly installments + interest over the 4 years).
You might want to overlook your math
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Old 06.02.2019, 09:33
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Re: Lease - No buy option?

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They can still sell the car to you, but the choice is theirs since it is not agreed upon they are not obligated to do so.
This is what i was thinking. I guess if my cars market value is more than the GFV then perhaps they will try to get money out of me since they aren't obliged to sell it at the GFV that is stated in the contract.
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Old 06.02.2019, 09:36
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Re: Lease - No buy option?

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i know i should have checked but it really just didn't occur to me that anyone in Switzerland would lie as they are all usually so honest and up front about these things!

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Old 06.02.2019, 10:06
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Re: Lease - No buy option?

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Haha! you don't need to say it! I know what you are thinking! It is my fault I guess! In my defence, the Audi dealer did state that they would just sell me the car at the GFV stated in the contract, no questions asked. I have no reason to not trust him. He's the local dealer here and i know him well. But i guess if the market value is more than the GFV in the contract in a few yrs time, then that will test his integrity!!
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Old 06.02.2019, 10:06
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Re: Lease - No buy option?

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i know i should have checked but it really just didn't occur to me that anyone in Switzerland would lie as they are all usually so honest and up front about these things!

What´s the lie? It is in the contract
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Old 06.02.2019, 10:12
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Re: Lease - No buy option?

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What´s the lie? It is in the contract
I must have posted my above comment as you posted yours! In the cashgate contract, it states "no buy option". It does state a GFV. The Audi dealer stated they would sell me the car at the GFV. Upon researching more, most contracts have a "to buy" option whereas mine doesn't. This is my 1st ever lease car so i didn't think it would be in the contract, I thought the buy option was automatic, like PCP in the UK. I guess he didn't lie, but just wondering if in the future it will actually happen when the dealer isn't contractually obligated to sell it to me.
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Old 06.02.2019, 12:26
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Re: Lease - No buy option?

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It does state a GFV. The Audi dealer stated they would sell me the car at the GFV. [...] I guess he didn't lie, but just wondering if in the future it will actually happen when the dealer isn't contractually obligated to sell it to me.
Nothing hinders you to make a written side contract about that part. You just have to look who is actually the owner of the car and if the dealer is able to keep this promise.
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Old 06.02.2019, 13:03
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Re: Lease - No buy option?

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Nothing hinders you to make a written side contract about that part. You just have to look who is actually the owner of the car and if the dealer is able to keep this promise.



It's simple, it all depends what the car is really worth at the end of the lease and what the buy-back value is at the end.


The dealer won't come out with a loss.
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