Leasing or Loan? A Loan is often better!
You are considering purchasing a car, motorcycle, or boat but are undecided between a personal loan or leasing? It's important to understand the advantages and disadvantages of each option to make an informed decision.
Leasing: an attractive but risky option
Leasing may seem appealing, but it has several significant limitations:
- No ownership: The vehicle does not belong to you, even if you drive it.
- Costs in case of early termination: In the event of premature contract termination, you may owe several thousand francs.
- Limited mileage and options: Exceeding the mileage limit or options not included in the initial price can lead to additional costs.
- No tax deduction: The interest paid is not tax-deductible.
- Mandatory comprehensive insurance: You must take out more expensive insurance.
- Insurance surcharges: Insurers often apply higher premiums for leased vehicles.
- VAT increase: VAT is added to the displayed interest rate, and any increase in VAT during the contract term can increase your monthly payments.
No coverage in case of death, illness, accident, or unemployment.
Loan: a safer and more flexible choice
Opting for a personal loan offers numerous advantages:
- Immediate ownership: The vehicle belongs to you upon signing the contract.
- Possibility of resale: If needed, you can sell the vehicle at any time.
- Insurance flexibility: You choose the type of insurance that suits you, without the obligation of comprehensive coverage.
- Tax benefits: Loan interest is tax-deductible.
- Fixed interest rate: The rate remains the same throughout the contract duration.
- No resale constraint: If you decide to sell the vehicle, there is no obligation to repay the loan immediately.
- Coverage for death, illness, accident, and unemployment: You benefit from protection in case of financial unforeseen events.
Leasing buyout: a solution in case of early termination
If you have an ongoing leasing contract and wish to terminate it, you have two solutions:
- Keep the vehicle and become the owner: By buying out your lease with a loan, you become the immediate owner.
- Part ways with the vehicle without termination fees: You can buy out your leasing contract and then resell the vehicle. Thanks to the law, you can repay a personal loan early without penalty.
The Offer from CC Crédits Conseils SA
Attractive monthly payments, a wide range of options, and flexible terms
- Interest rate : from 4.9% to 10.95%
- Financing amount : from CHF 5'000 to CHF 400'000
- Rückzahlungsdauer : 6 Monate bis 10 Jahre
Crédits Conseils: our services and commitments
- Detailed analysis of your profile and creation of a complete application file
- Calculating your budget to determine your credit capacity
- Personalised advice throughout the process
- Information about your rights, including the right of revocation ("cooling-off period") and early repayment
- Information on insurance covering you in the event of job loss or health problems
- Selecting the lender adapted best to your profile
- Negotiating attractive interest rates
- Absolute discretion: neither your spouse nor your employer will be informed of your loan request.
Your loan application in 4 steps
Put your trust in the experience of Crédits Conseils – without obligation and with zero risk.
Request
Request your loan by using the online form or by calling us.
Complete your information and send your documents
Submit the mandatory documents and relevant information we need to assess your loan request.
Assessment and offer
Final response in less than 24 hours after receipt of the needed information, mandatory documents and a complete review of your solvency.
Contract signing and disbursement of your loan
Swift disbursement after you sign the loan contract and the consequent 14 day right of revocation (cooling-off-period).Leasing: Frequently Asked Questions
What documents are required?
The documents you have to provide for your loan request depend on your personal situation. Learn more about the required documents for a loan.
Can I get a lease if I have debt collection records?
It is generally very difficult to obtain leasing if you have open debt collection cases, as institutions require an extract from the debt collection register to verify your creditworthiness.
What are the consequences of late payment?
After 3 months of non-payment, the leasing company can terminate your contract and repossess the vehicle. You may also be charged early termination fees. Learn more about payment delays.
Further information:
Budget calculation
Find out how the budget of a loan in Switzerland is calculated. Understand the impact of your financial and personal situation and your civil status.
Lending criteria
Learn about requirements for a Swiss loan: Age, income, residence permit, and legal or banking criteria.
How to get a loan
Learn about the private loan application process: Budgeting, eligibility criteria, steps, and required documents.
Reasons for a loan
Discover the common reasons for a private loan in Switzerland: car, studies, renovation. Whatever your project, we support you.Calculation example
Loan of CHF 20'000. An effective annual interest rate between 4.9% and 10.95% and a term of 48 months generate total interest between CHF 2'018.10 and CHF 4'549.60. Term: 6-120 months; Maximum annual interest rate (including all credit charges) 10.95%. The granting of a loan is prohibited if it leads to the over-indebtedness of the consumer.(Art. 3 LCD)