My wife gets a corporate discount up to 25%, this is quite an interesting deal all together.
Any other 1% or less lease finances out there? I didn't find anything else so far.
So far I have found 0.9% leasing on Mercedes-Benz and BMW
Can you give an example with links of a “well optioned sport car” that you can get a 30% discount on that is still worth 75% of its RRP to a private seller at 12 months old please?
It is possible to pay up your lease early. There’s normally a table in the contract that shows some sort of monthly calculation for how much it will cost. I know it works, as I wrote a car off and the insurance value was more than the outstanding lease, so they paid me some money back.
I’ve seen 0% deals on Toyotas and perhaps Nissan and I think Seat before.
You can absolutely buy out a leased car whenever you like. It just doesn't make much sense to do so before the half-time mark because of the penalties.
No, as I said earlier, you cannot. You can however when you purchase a car with a personal loan.
The majority of the Swiss buy their cars, not lease them. I've seen this in the insurance statistics.
We have friends who have done the maths - some are adamant that it is cheaper with leasing, others say the same about buying.
We recently bought a new car and tried to do the maths ourselves. Through my employer, I was able to get a 30% discount off the purchase price, so then it was a no-brainer to buy instead of lease.
It will very much depend on the car, or more accurately the purchase price.
For cheaper cars the comprehensive insurance is a significant part of the cost calculation and if you don't want the coverage then it can be worth it.
For more expensive cars where comprehensive insurance is not that big in relative terms so it changes thing a bit.
All else being equal the only actual difference between buying and leasing are opportunity cost vs interest charges and each will be different to everyone's circumstances.
So what you are asking is for a car that you can sell for a profit at 12 months of driving it?
30% discount is easy. Even without a fleet discount, you can buy a new M4 with 30% off: https://dealer.bmw.ch/binelligroup-baar/de/bmw-m4-coupe
Cars that will rise in value are unlikely to be offered with a discount, nor have any kind of fleet discount. (Porsche GT cars, any mid engine Ferrari, Pagani, Koenigsegg etc)
Unless you have some big bucks you are not going to make money on cars.
You are correct .
However, you also get the employer discount when you lease the car, so what was the deciding factor that made it a no-brainer for you?
Nearly right... I‘m asking the person I quoted to provide one. I‘ve bought cars new with over a 30% discount, but I was under no illusions it wouldn’t depreciate and I understand the concept of a bid-ask spread.
I would dispute (in Switzerland) your list of cars which increase in value. I can‘t comment on Pagani or Koenigsegg, but GT3s do depreciate albeit slowly, as do mid-engine Ferraris unless they are limited editions, but that is a relatively new phenomenon. Sometimes if you get in very early with a new model and sell relatively soon you can make some money, but you need to have a very good relationship with the dealer, which has probably cost you a great deal of money in the past.
Even the 718 Spyder in my profile picture has depreciated around 25% in 18 months, if I estimate what the dealer would pay for it, based on advertised prices. The curve does seem to be flattening now though. Definitely no discounts on that although there was a Euro translation saving. Still far more expensive than the rest of Europe to buy though.
Interesting and spot on about being friends with dealerships.
How come 718 is more expensive in CH ? Shouldnt it be the other way around ?
Yes, this is a good assessment and more accurate than my more general assessment. GT3 Touring may be an exception, with values of the 991.2 going crazy at the moment. (I'm still kicking myself for missing out on one at CHF175K at my main dealer. White with rear tinted glass was a bit of a deal breaker though)
In my case, the 30% employer discount was only for purchasing with this particular car maker, not for leasing.
Perhaps the car dealer would have still offered the 30% discount if we really wanted to lease the car, but we were leaning more towards buying anyway.
When I did a quick trawl of GT3s earlier, I saw some Tourings in the low 200s. That‘s below list isn‘t it?
I can beat that. My friend had my dream car and was leaving Switzerland. He offered it to me at a decent price for a quick sale, but I couldn‘t justify it. The car was a F430 Scuderia 16M with an opening offer of CHF 220k. Their price has cooled off a bit since their peak, but they are being offered at CHF 295k and up on AutoScout24.
In the UK if you want the biggest discount you have to take the dealer financing. There‘s plenty of profit to be made from financing, so I‘d be surprised if you wouldn‘t have also got the discount if you wanted to take a lease.
It‘s not just the 718, it‘s cars generally. Cars are priced at what the market will bear. Switzerland will bear higher costs than e.g. the UK or Germany. NB this is comparing markets that aren‘t distorted by huge purchase taxes like the Netherlands or Ireland.
Since there are some knowledgeable people on the thread:
How come dealers are able to offer a new car at 25% discount? My understanding is that margins are much lower than that for dealerships.
For example, I am in the market for a replacement commercial vehicle:
https://www.buetikofer-garagen.ch/de...2&frameIndex=0
This van is brand-new, with 1km on the clock and is sold at ca. 25% discount. Manually entering all options into the Ford configurator, it comes out substantially more expensive.
discounts are available on anything. even cars with a waiting list or limited edition cars aren't openly available.
as for leasing it can make sense in two cases.
1 as a lower bound on value when depreciation is unclear due to a new model imminently due but not yet seen. in this case if you can negotiate a good residual it has some value.
2 for 'german taxi' style cars such as big mercs and bmws. these drop like a stone but the manufacturer essentially subsidizes the lease residual and buys back for well over market price.
I guess also if your future cashflows are more than you current disposable funds it makes sense too.
Not sure what the list was, but the 992 Touring is CHF210K list (without options, albeit), so I'm guessing at list or slightly above, which is not bad for a 3 odd year car
Love the Scud and considered it also and prices have definitely softened and it's a bit of a bargain for a special edition? (Perhaps the gearbox?)
My cousing bougth a BMW Z8 with a steep discount back in the day... because they werent that good and didnt really sell that well. If you see what those are going for these days will he surely regret selling it... and the trick is to predict the future Z8s ;-)
Z8 are the most beautiful BMW for a long time. However, their rarity makes them extremely overpriced.